0000000000-22-012197.txt : 20230117 0000000000-22-012197.hdr.sgml : 20230117 20221109103004 ACCESSION NUMBER: 0000000000-22-012197 CONFORMED SUBMISSION TYPE: UPLOAD PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20221109 FILED FOR: COMPANY DATA: COMPANY CONFORMED NAME: VSE CORP CENTRAL INDEX KEY: 0000102752 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-ENGINEERING SERVICES [8711] IRS NUMBER: 540649263 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: UPLOAD BUSINESS ADDRESS: STREET 1: 6348 WALKER LANE CITY: ALEXANDRIA STATE: VA ZIP: 22310 BUSINESS PHONE: 7039604600 MAIL ADDRESS: STREET 1: 6348 WALKER LANE CITY: ALEXANDRIA STATE: VA ZIP: 22310 FORMER COMPANY: FORMER CONFORMED NAME: VALUE ENGINEERING CO DATE OF NAME CHANGE: 19790612 LETTER 1 filename1.pdf begin 644 filename1 M)5!$1BTQ+C4*)>+CS],*,2 P(&]B:@H\/"]#;VQO7!E+UA/8FIE8W0O5VED=&@@,30R."],96YG=&@@,S8U+T)I='-097)# M;VUP;VYE;G0@.#X^7M0Q1$1$1$1$1&3"Q\<'QA6_?__&K *98K_? 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MH66[M]0FD1!GFDP&B]>QO0I_$8:E%F'M243RJ22A7E*J9EW=@GP&:580N_(" M=8E[E("6STH>9Y10M1K1X0S:QR27U&*,TRIM3515ZCN/W>CL< M-\?T7^WY3[C Q(SAL':;@<\!1/>$!:8%9@N+_0F6,HID#M@+?*3-'<><6Y9A M8\FPWDF$2L"E5@D.;S'0\:KQ' !C!T8+# +ZU,S/NQP?XF![[CD<7JFZ[HAB M7\4QFZ0^GH:%O$9+7/O#/%8*^ZUE M8_"M*J4%]!JYVA>]8 <#5W_@6U)-Y[7&$8*?8"7U,Q[E__*:^@['RP[;"F5N M9'-T7!E+T]B M:E-T;2],96YG=&@@,C(U+T9IN(K*G30CD7N[A.^?1]I#&&E-IH$+6-[[@5&DC7XN-ZSB^5*&S7LU]'1KG6[5U M?N:CN_=/HG=-W.4273X*U_ZQ><2;#-C,0/H#3.V)>PIE;F1S=')E M86T*96YD;V)J"C$S(# @;V)J"CP\+TEN9F\@,3(@,"!2+T9I;'1E7!E+UA2968O5ULQ(#(@,ETO26YD97A;," Q-%TO240@6SPU M,C9D8V,Q.3'0M-2XT+C4* TEXT-EXTRACT 2 filename2.txt United States securities and exchange commission logo November 9, 2022 Stephen D. Griffin Chief Financial Officer VSE Corporation 6348 Walker Lane Alexandria, VA 22310 Re: VSE Corporation Form 10-K for Fiscal Ended December 31, 2021 Filed March 11, 2022 Form 8-K as of July 27, 2022 Filed July 28, 2022 File No. 000-03676 Dear Stephen D. Griffin: We have limited our review of your filings to the financial statements and related disclosures and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. Please respond to these comments within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe our comments apply to your facts and circumstances, please tell us why in your response. After reviewing your response to these comments, we may have additional comments. Form 8-K as of July 27, 2022 Management Commentary 1. We note your discussion of Aviation segment adjusted EBITDA in the "Management Commentary" section. Please present the most directly comparable GAAP measure with equal or greater prominence when presenting a non-GAAP measure. This comment also applies to your discussion in the "Segment Results" section. Refer to Item 10(e)(1)(i)(A) of Regulation S-K and Question 102.10 of the Non-GAAP Compliance and Disclosure Interpretations. Non-GAAP Financial Information 2. Please tell us how the adjustments used in the calculation of each of your non-GAAP measures are in compliance with Questions 100.01 and 100.04 of the Non-GAAP Stephen D. Griffin VSE Corporation November 9, 2022 Page 2 Compliance and Disclosure Interpretations. Your response should specifically identify and discuss each of these adjustments individually. Strategic Update 3. Please balance your discussion of "Growing Adjusted EBITDA" with a discussion of your GAAP results. Refer to Item 10(e)(1)(i)(A) of Regulation S-K and Question 102.10 of the Non-GAAP Compliance and Disclosure Interpretations. In closing, we remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. You may contact Amy Geddes at 202-551-3304 or Theresa Brillant at 202-551-3307 with any questions. FirstName LastNameStephen D. Griffin Sincerely, Comapany NameVSE Corporation Division of Corporation Finance November 9, 2022 Page 2 Office of Trade & Services FirstName LastName