Correspondence 0001392972-24-000081 from PROS Holdings, Inc. (PRO) (CIK 0001392972)
PROS Holdings, Inc. (PRO) (CIK 0001392972)
Date: May 23, 2024 · CIK: 0001392972 · Accession: 0001392972-24-000081
AI Filing Summary & Sentiment
File numbers found in text: 001-33554
Referenced dates: May 10, 2024
Letter
corressecresponse23may20
3200 Kirby Drive, Suite 600, Houston, TX 77098 +1.713.335.5151 pros.com May 23, 2024 FILED VIA EDGAR Division of Corporation Finance United States Securities and Exchange Commission 100 F Street, NE Washington, DC 20549 Attention: Mr. Stephen Krikorian, Accounting Branch Chief Ms. Laura Veator, Staff Accountant Re: PROS Holdings, Inc. Form 10-K for the Fiscal Year Ended December 31, 2023 Filed February 14, 2024 File No. 001-33554 Dear Mr. Krikorian and Ms. Veator: We are writing in response to the comment letter to Mr. Schulz of PROS Holdings, Inc. (the “Company”) dated May 10, 2024 (the “Comment Letter”) from the staff (the “Staff”) of the Securities and Exchange Commission (the “Commission”) regarding the Company’s Annual Report on Form 10-K for the Fiscal Year Ended December 31, 2023 filed on February 14, 2024 (the “Form 10-K”). This letter restates the numbered paragraph from the Comment Letter together with the Company’s responses thereto. Form 10-K for the Fiscal Year Ended December 31, 2023 Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations Key Performance Metrics Free Cash Flow, page 25 1. We note that your Free Cash Flow measure includes an adjustment to add back severance payments. This measure is not calculated in accordance with Item 10(e)(1)(ii)(A) of Regulation S-K, which prohibits the exclusion of charges or liabilities that require, or will require, cash settlement from a non-GAAP liquidity measure. Please revise this measure in future filings with the Commission. RESPONSE: The Company acknowledges the prohibitions of Item 10(e)(1)(ii)(A) of Regulation S-K with respect to non-GAAP liquidity measures, such as Free Cash Flow, included in filings with the Commission. To the extent the Company includes Free Cash Flow in its future filings with the Commission, such measure will not exclude severance payments that require, or will require, cash settlement. ***** DocuSign Envelope ID: 48A41112-6B51-489B-8FB6-15B5BA82EDCC
Stephen Kirkorian Securities and Exchange Commission May 23, 2024 Page 2 If you have any questions regarding this letter, please contact me at (713) 335-5151. Sincerely, PROS HOLDINGS, INC. By: Damian Olthoff General Counsel cc: Mr. Andres Reiner, PROS Holdings, Inc. Mr. Stefan Schulz, PROS Holdings, Inc. Mr. Scott Cook, PROS Holdings, Inc. DocuSign Envelope ID: 48A41112-6B51-489B-8FB6-15B5BA82EDCC
Show Raw Text
CORRESP
1
filename1.htm
corressecresponse23may20
3200 Kirby Drive, Suite 600, Houston, TX 77098 +1.713.335.5151 pros.com May 23, 2024 FILED VIA EDGAR Division of Corporation Finance United States Securities and Exchange Commission 100 F Street, NE Washington, DC 20549 Attention: Mr. Stephen Krikorian, Accounting Branch Chief Ms. Laura Veator, Staff Accountant Re: PROS Holdings, Inc. Form 10-K for the Fiscal Year Ended December 31, 2023 Filed February 14, 2024 File No. 001-33554 Dear Mr. Krikorian and Ms. Veator: We are writing in response to the comment letter to Mr. Schulz of PROS Holdings, Inc. (the “Company”) dated May 10, 2024 (the “Comment Letter”) from the staff (the “Staff”) of the Securities and Exchange Commission (the “Commission”) regarding the Company’s Annual Report on Form 10-K for the Fiscal Year Ended December 31, 2023 filed on February 14, 2024 (the “Form 10-K”). This letter restates the numbered paragraph from the Comment Letter together with the Company’s responses thereto. Form 10-K for the Fiscal Year Ended December 31, 2023 Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations Key Performance Metrics Free Cash Flow, page 25 1. We note that your Free Cash Flow measure includes an adjustment to add back severance payments. This measure is not calculated in accordance with Item 10(e)(1)(ii)(A) of Regulation S-K, which prohibits the exclusion of charges or liabilities that require, or will require, cash settlement from a non-GAAP liquidity measure. Please revise this measure in future filings with the Commission. RESPONSE: The Company acknowledges the prohibitions of Item 10(e)(1)(ii)(A) of Regulation S-K with respect to non-GAAP liquidity measures, such as Free Cash Flow, included in filings with the Commission. To the extent the Company includes Free Cash Flow in its future filings with the Commission, such measure will not exclude severance payments that require, or will require, cash settlement. ***** DocuSign Envelope ID: 48A41112-6B51-489B-8FB6-15B5BA82EDCC
Stephen Kirkorian Securities and Exchange Commission May 23, 2024 Page 2 If you have any questions regarding this letter, please contact me at (713) 335-5151. Sincerely, PROS HOLDINGS, INC. By: Damian Olthoff General Counsel cc: Mr. Andres Reiner, PROS Holdings, Inc. Mr. Stefan Schulz, PROS Holdings, Inc. Mr. Scott Cook, PROS Holdings, Inc. DocuSign Envelope ID: 48A41112-6B51-489B-8FB6-15B5BA82EDCC