SEC Comment Letter for Mistras Group, Inc. (MG) (CIK 0001436126) (MG) — Feb 23, 2016
Mistras Group, Inc. (MG) (CIK 0001436126)
Date: Feb. 23, 2016 · CIK: 0001436126 · Accession: 0000000000-16-066024
AI Filing Summary & Sentiment
Reasoning
Letter
Mail Stop 4631 February 23, 2016 Via E -mail Mr. Jonathan H. Wolk, Executive Vice President and CFO Mistras Group, Inc. 195 Clarksville Rd. Princeton Junction, NJ 08550
Re: Mistras Group, Inc. Form 10-K for the year ended May 31, 2015 Filed August 12, 2015 Form 10 -Q for the six months ended November 30, 2015 Filed January 8, 2016 File No. 1 -34481
Dear Mr. Wolk :
We have reviewed your February 17, 2016 response to our comment letter and have the following comment . In some our comment s, we may ask you to provide us with information so we may better understand your disclosure.
Please respond to this comment within ten busine ss days by providing the requested information or advis e us as soon as possible when you will respond. If you do not believe our comment applies to your facts and circumstances, please tell us why in your response.
After reviewing your response to this comment, we may have additional comments. Unless we note otherwise, our references to prior comments are to comments in our February 5, 2016 letter .
Form 10 -Q for the six months ended November 30, 2015
Notes to the Unaudited Condensed Consolidated Financial Statement
Immaterial Correction, p age 5
1. We have reviewed your response to prior comment five. We note that you identified errors in the statement of cash flows for the six months ended November 30, 2014 during the preparation of your August 31, 2015 Form 10 -Q. Given that the errors were identified subsequent to the filing of your May 31, 2015 Form 10 -K, please tell us whether any of these errors also impacted the financial statements presented in your Form 10-K for the year ended May 31, 2015. If so, please quantify any errors that impa cted
Mr. Jonathan H. Wolk Mistras Group, Inc. February 23, 2016 Page 2
your financial statements for the year ended May 31, 2015 and explain to us how you determined that they were not material, if appropriate.
You may contact Mindy Hooker at (202) 551 -3732 or Jeff Gordon at (202) 551 -3866 if you have questions regardin g comments on the financial statements and related matters. Please contact me at (202) 551 -3768 with any other questions.
Sincerely,
/s/ John Cash
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Mail Stop 4631 February 23, 2016 Via E -mail Mr. Jonathan H. Wolk, Executive Vice President and CFO Mistras Group, Inc. 195 Clarksville Rd. Princeton Junction, NJ 08550 Re: Mistras Group, Inc. Form 10-K for the year ended May 31, 2015 Filed August 12, 2015 Form 10 -Q for the six months ended November 30, 2015 Filed January 8, 2016 File No. 1 -34481 Dear Mr. Wolk : We have reviewed your February 17, 2016 response to our comment letter and have the following comment . In some our comment s, we may ask you to provide us with information so we may better understand your disclosure. Please respond to this comment within ten busine ss days by providing the requested information or advis e us as soon as possible when you will respond. If you do not believe our comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response to this comment, we may have additional comments. Unless we note otherwise, our references to prior comments are to comments in our February 5, 2016 letter . Form 10 -Q for the six months ended November 30, 2015 Notes to the Unaudited Condensed Consolidated Financial Statement Immaterial Correction, p age 5 1. We have reviewed your response to prior comment five. We note that you identified errors in the statement of cash flows for the six months ended November 30, 2014 during the preparation of your August 31, 2015 Form 10 -Q. Given that the errors were identified subsequent to the filing of your May 31, 2015 Form 10 -K, please tell us whether any of these errors also impacted the financial statements presented in your Form 10-K for the year ended May 31, 2015. If so, please quantify any errors that impa cted Mr. Jonathan H. Wolk Mistras Group, Inc. February 23, 2016 Page 2 your financial statements for the year ended May 31, 2015 and explain to us how you determined that they were not material, if appropriate. You may contact Mindy Hooker at (202) 551 -3732 or Jeff Gordon at (202) 551 -3866 if you have questions regardin g comments on the financial statements and related matters. Please contact me at (202) 551 -3768 with any other questions. Sincerely, /s/ John Cash John Cash Branch Chief Office of Manufacturing and Construction