0001437749-15-020526.txt : 20151214 0001437749-15-020526.hdr.sgml : 20151214 20151112113207 ACCESSION NUMBER: 0001437749-15-020526 CONFORMED SUBMISSION TYPE: CORRESP PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20151112 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FutureFuel Corp. CENTRAL INDEX KEY: 0001337298 STANDARD INDUSTRIAL CLASSIFICATION: INDUSTRIAL ORGANIC CHEMICALS [2860] IRS NUMBER: 203340900 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: CORRESP BUSINESS ADDRESS: STREET 1: 8235 FORSYTH BOULEVARD SUITE 400 CITY: CLAYTON STATE: MO ZIP: 63105 BUSINESS PHONE: 805-565-9800 MAIL ADDRESS: STREET 1: 8235 FORSYTH BOULEVARD SUITE 400 CITY: CLAYTON STATE: MO ZIP: 63105 FORMER COMPANY: FORMER CONFORMED NAME: Viceroy Acquisition CORP DATE OF NAME CHANGE: 20050829 CORRESP 1 filename1.htm ff20151112_corresp.htm

 

 

 

November 12, 2015

 

Mr. John Cash

Accounting Branch Chief

Office of Manufacturing and Construction

United States Securities and Exchange Commission

Washington, D.C. 20549

 

Re:          FutureFuel Corp.

Form 10-K for the Year Ended December 31, 2014

Filed March 13, 2015

File No. 1-35103

 

Dear Mr. Cash:

 

Receipt of your letter dated November 2, 2015 regarding the above-referenced filing is hereby acknowledged. Your letter is your response to FutureFuel Corp.’s (the “Company”) September 15, 2015 response to your comment letter of August 24, 2015. Below is the Company’s response to the comments contained in your letter of November 2, 2015. Your comments are set forth below in bold and italics and our response follows.

 

Management’s Discussion and Analysis of Financial Condition and Results…page 34

 

Fiscal Year ended December 31, 2014 Compared to Fiscal Year …, page 36

 

1.

We note your response to prior comment two. You indicate that you excluded expenses that may require cash settlement from your non-GAAP liquidity measure as they were included in the exception provided for interest, taxes, depreciation and amortization. Pursuant to Item 10(e)(1)(ii)(A) of Regulation S-K, a registrant must not exclude charges or liabilities that required, or will require, cash settlement, or would have required cash settlement absent an ability to settle in another manner, from non-GAAP liquidity measures, other than the measures EBIT and EBITDA. This provision only relates to the adjustments specified by those acronyms. It continues to appear to us that it is not appropriate to exclude expenses that required, or may require cash settlement from a non-GAAP liquidity measure. Please revise your disclosures in future filings. Alternatively, if you present Adjusted EBITDA because it is a material term identified in a material credit agreement, please revise your disclosures in future filings to comply with our response to Question 102.09 of the C&DIs related to Non-GAAP Financial Measures.

 

In future filings we will not exclude transactions that require cash settlements from adjusted EBIDTA.

 

If you have any questions regarding anything set forth above, please do not hesitate to contact the undersigned.

 

 

Sincerely,

 

/s/ Rose Sparks

 

Rose Sparks,

Chief Financial Officer

 

 

 

 

 

 

FutureFuel Corp.

8235 Forsyth Blvd., 4th Floor, Clayton, Missouri 63105

 

Direct Line: (314) 854-8351     Fax: (314) 889-9603     e-mail: jordyfederko@ffcmail.com 

 

 

 

 

 

 

 

 

 

 

 

 

 

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