Correspondence 0001193125-23-201719 from Altair Engineering Inc. (ALTR) (CIK 0001701732)
Altair Engineering Inc. (ALTR) (CIK 0001701732)
Date: Aug. 2, 2023 · CIK: 0001701732 · Accession: 0001193125-23-201719
AI Filing Summary & Sentiment
File numbers found in text: 001-38263
Referenced dates: July 24, 2023, June 12, 2023
Letter
Division of Corporation Finance Office of Technology Re: Altair Engineering Inc. Form 10-Q for the Fiscal Quarter Ended March 31, 2023 Filed May 4, 2023 File No. 001-38263
Dear Ladies and Gentlemen:
This letter is submitted by Altair Engineering Inc. (the “Company” or “Altair”) in connection with the Staff’s response letter dated July 24, 2023 and the Staff’s prior comment letter dated June 12, 2023.
The Staff’s response in its July 24, 2023 letter has been retyped below in italics, and is followed by the Company’s response:
SEC Response dated July 24, 2023:
Form 10-Q for the Fiscal Quarter Ended March 31, 2023
General
1. SEC: We note your response to prior comment 1, including your belief that the cybersecurity incident was not material. In future filings, please ensure your risk factor on cybersecurity incidents clearly states that the cybersecurity incidents that “may occur” on your systems could disrupt Altair materially in the future.
Company Response: The Company respectfully acknowledges the Staff’s comment and in its future 10-K filings will ensure that the risk factor on cybersecurity incidents clearly states that cybersecurity incidents that “may occur” on the Company’s systems could disrupt Altair materially in the future.
All disclosure changes in response to the staff’s comments and responses will be addressed in future fillings made pursuant to the Securities Act of 1933 and/or the Securities Exchange Act of 1934.
We believe that this letter fully responds to your questions and/or comments. However, if you have any further questions or comments regarding the foregoing, please feel free to contact the undersigned at 248-614-2400, or our outside counsel, Kate Basmagian, Esq. (212-262-6700) or Peter Ehrenberg, Esq. (212-262-6700) of Lowenstein Sandler, LLP.
Very truly yours,
ALTAIR ENGINEERING INC.
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CORRESP 1 filename1.htm CORRESP Altair Engineering Inc. 1820 E Big Beaver Road Troy, Michigan 48083 August 2, 2023 Division of Corporation Finance Office of Technology U.S. Securities and Exchange Commission 100 F Street, N.E. Washington, D.C. 20549 Attn: Edwin Kim, Esq. and Mitchell Austin, Esq. Re: Altair Engineering Inc. Form 10-Q for the Fiscal Quarter Ended March 31, 2023 Filed May 4, 2023 File No. 001-38263 Dear Ladies and Gentlemen: This letter is submitted by Altair Engineering Inc. (the “Company” or “Altair”) in connection with the Staff’s response letter dated July 24, 2023 and the Staff’s prior comment letter dated June 12, 2023. The Staff’s response in its July 24, 2023 letter has been retyped below in italics, and is followed by the Company’s response: SEC Response dated July 24, 2023: Form 10-Q for the Fiscal Quarter Ended March 31, 2023 General 1. SEC: We note your response to prior comment 1, including your belief that the cybersecurity incident was not material. In future filings, please ensure your risk factor on cybersecurity incidents clearly states that the cybersecurity incidents that “may occur” on your systems could disrupt Altair materially in the future. Company Response: The Company respectfully acknowledges the Staff’s comment and in its future 10-K filings will ensure that the risk factor on cybersecurity incidents clearly states that cybersecurity incidents that “may occur” on the Company’s systems could disrupt Altair materially in the future. All disclosure changes in response to the staff’s comments and responses will be addressed in future fillings made pursuant to the Securities Act of 1933 and/or the Securities Exchange Act of 1934. We believe that this letter fully responds to your questions and/or comments. However, if you have any further questions or comments regarding the foregoing, please feel free to contact the undersigned at 248-614-2400, or our outside counsel, Kate Basmagian, Esq. (212-262-6700) or Peter Ehrenberg, Esq. (212-262-6700) of Lowenstein Sandler, LLP. Very truly yours, ALTAIR ENGINEERING INC. By: /s/ Matthew Brown Name: Matthew Brown Title: Chief Financial Officer cc: Raoul Maitra, Esq. Mr. Brian Gayle Kate Basmagian, Esq. Peter Ehrenberg, Esq.