SEC Company Response from DNOW Inc. (DNOW) (CIK 0001599617) (DNOW) — May 9, 2014
DNOW Inc. (DNOW) (CIK 0001599617)
Date: May 9, 2014 · CIK: 0001599617 · Accession: 0001193125-14-191567
AI Filing Summary & Sentiment
Reasoning
File numbers found in text: 001-36325
Letter
Re: NOW Inc. (the “Company”)
Acceleration request
May 9, 2014
Via EDGAR
Securities and Exchange Commission
100 F Street, N.E.
Washington, D.C. 20549
Attn: PJ Hamidi
Registration Statement on Form 10 (the “Registration Statement”)
File No. 001-36325
Ladies and Gentlemen:
The Company hereby respectfully requests that the effectiveness of its Registration Statement be accelerated so that it will become effective at 10:00 a.m., Washington D.C. time, on Monday, May 12, 2014, or as soon thereafter as possible.
In accordance with Rule 12d1-2 promulgated under the Securities Exchange Act of 1934, as amended, the reasons for this request are as follows: the Board of Directors of National Oilwell Varco (“NOV”) has taken several actions in connection with the spin-off of the Company from NOV, including setting May 22, 2014 as the record date for the distribution of shares of common stock of the Company, setting a distribution date of May 30, 2014 and establishing a distribution ratio for the spin-off. NOV and the Company would like to commence immediately the process of printing the Information Statement, which is filed as an exhibit to the Registration Statement, and mailing it as soon as possible following the record date.
The Company hereby acknowledges that (i) should the Securities and Exchange Commission (the “Commission”) or the staff, acting pursuant to delegated authority, declare the filing effective, it does not foreclose the Commission from taking any action with respect to the filing; (ii) the action of the Commission or the staff, acting pursuant to delegated authority, in declaring the filing effective, does not relieve the Company from its full responsibility for the adequacy and accuracy of the disclosure in the filing; and (iii) the Company may not assert staff comments and the declaration of effectiveness as a defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States.
[Signature Page Follows]
Securities and Exchange Commission
Page
Very truly yours,
/s/ Raymond W. Chang
Show Raw Text
CORRESP 1 filename1.htm Acceleration request May 9, 2014 Via EDGAR Securities and Exchange Commission 100 F Street, N.E. Washington, D.C. 20549 Attn: PJ Hamidi Re: NOW Inc. (the “Company”) Registration Statement on Form 10 (the “Registration Statement”) File No. 001-36325 Ladies and Gentlemen: The Company hereby respectfully requests that the effectiveness of its Registration Statement be accelerated so that it will become effective at 10:00 a.m., Washington D.C. time, on Monday, May 12, 2014, or as soon thereafter as possible. In accordance with Rule 12d1-2 promulgated under the Securities Exchange Act of 1934, as amended, the reasons for this request are as follows: the Board of Directors of National Oilwell Varco (“NOV”) has taken several actions in connection with the spin-off of the Company from NOV, including setting May 22, 2014 as the record date for the distribution of shares of common stock of the Company, setting a distribution date of May 30, 2014 and establishing a distribution ratio for the spin-off. NOV and the Company would like to commence immediately the process of printing the Information Statement, which is filed as an exhibit to the Registration Statement, and mailing it as soon as possible following the record date. The Company hereby acknowledges that (i) should the Securities and Exchange Commission (the “Commission”) or the staff, acting pursuant to delegated authority, declare the filing effective, it does not foreclose the Commission from taking any action with respect to the filing; (ii) the action of the Commission or the staff, acting pursuant to delegated authority, in declaring the filing effective, does not relieve the Company from its full responsibility for the adequacy and accuracy of the disclosure in the filing; and (iii) the Company may not assert staff comments and the declaration of effectiveness as a defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States. [Signature Page Follows] Securities and Exchange Commission Page 2 Very truly yours, /s/ Raymond W. Chang Raymond W. Chang Vice President and General Counsel cc: Via Email: hamidip@sec.gov PJ Hamidi Securities and Exchange Commission Division of Corporation Finance 100 F Street, N.E. Washington, D.C. 20549 Via Email: ejohnson@lockelord.com J. Eric Johnson Locke Lord LLP