0001193125-19-135413.txt : 20190605 0001193125-19-135413.hdr.sgml : 20190605 20190502194002 ACCESSION NUMBER: 0001193125-19-135413 CONFORMED SUBMISSION TYPE: CORRESP PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 20190502 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PARSONS CORP CENTRAL INDEX KEY: 0000275880 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN [7373] IRS NUMBER: 953232481 STATE OF INCORPORATION: DE FISCAL YEAR END: 1226 FILING VALUES: FORM TYPE: CORRESP BUSINESS ADDRESS: STREET 1: 5875 TRINITY PKWY #300 CITY: CENTREVILLE STATE: VA ZIP: 20120 BUSINESS PHONE: 703-988-8500 MAIL ADDRESS: STREET 1: 5875 TRINITY PKWY #300 CITY: CENTREVILLE STATE: VA ZIP: 20120 FORMER COMPANY: FORMER CONFORMED NAME: PARSON CORP DATE OF NAME CHANGE: 20000101 CORRESP 1 filename1.htm CORRESP

 

 

LOGO

 

May 2, 2019

  

355 South Grand Avenue, Suite 100

Los Angeles, California 90071-1560

Tel: +1.213.485.1234 Fax: +1.213.891.8763

www.lw.com

 

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Washington, D.C.

VIA EDGAR

United States Securities and Exchange Commission

Division of Corporation Finance

100 F Street, NE

Washington, D.C. 20549

 

Attention:    Mitchell Austin
   Staff Attorney
   AD Office 3—Information Technologies and Services
  

Re:  Parsons Corporation Registration Statement on Form S-1/A

    (Registration No. 333- 230833)

Ladies and Gentlemen:

On behalf of our client, Parsons Corporation (the “Company”), we are hereby filing this letter with the Securities and Exchange Commission (the “Commission”) in response to questions posited to us by the Commission via telephone on May 2, 2019 relating to the Engagement Letter by and between the Company and Newport Trust Company (the “Engagement Letter”), filed as Exhibit 10.25 with the Company’s Form S-1/A Registration Statement (No. 333-230833) on April 29, 2019 in connection with the Company’s proposed initial public offering of common stock (the “IPO”).

As a follow up to our conversation regarding the Engagement Letter, Newport Trust Company (the “ESOP Trustee”), the trustee of the Company’s Employee Stock Ownership Plan (the “ESOP”), has confirmed to the Company that it will not be receiving a fairness opinion in connection with the IPO. In addition, the ESOP will not be receiving any consideration in the IPO and the ESOP Trustee does not have approval rights over the pricing or closing of the IPO. Finally, the Company confirms that Sections 8 and 12 of the Engagement Letter do not apply to any claims under federal securities laws.

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May 2, 2019

Page 2

 

LOGO

 

Please do not hesitate to contact me by telephone at (213) 891-7421 or by fax at (213) 891-8763 with any questions or comments regarding this correspondence.

Very truly yours,

/s/ Steven B. Stokdyk

of LATHAM & WATKINS LLP

 

cc:

Charles Harrington, Parsons Corporation

George Ball, Parsons Corporation

Michael Kolloway, Parsons Corporation

Cathy Birkeland, Latham & Watkins LLP

Stewart McDowell, Gibson, Dunn & Crutcher LLP

Peter Wardle, Gibson, Dunn & Crutcher LLP

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