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United States securities and exchange commission logo
April 15, 2024
Jacob Sayer
Chief Financial Officer
Form 10-K for the year ended December 31, 2023
2000 Center Drive, Suite East A401
Hoffman Estates, Illinois 60192
Re: Form 10-K for the
year ended December 31, 2023
File No. 001-38952
Dear Jacob Sayer:
We have limited our review of your filing to the financial
statements and related
disclosures and have the following comment.
Please respond to this letter 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 a
comment applies to your facts and circumstances, please tell us why in
your response.
After reviewing your
response to this letter, we may have additional comments.
Form 10-K for the year ended 12/31/23
Controls and Procedures
Management's Report on Internal Control over Financial Reporting, page
58
1. We note your disclosure
regarding the identification of control deficiencies which
"resulted in material
errors to our inventory excess and obsolescence reserve and deferred
tax asset valuation
allowance that have been corrected in the consolidated financial
statements as of and
for the year ended December 31, 2023." To help us better understand
your disclosure, please
quantify the errors and disclose the reporting periods impacted.
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.
Please contact Charles Eastman at 202-551-3794 or Melissa Gilmore
at 202-551-3777
with any questions.
Jacob Sayer
Form 10-K for the year ended December 31, 2023
April 15, 2024
Page 2
FirstName LastNameJacob Sayer Sincerely,
Comapany NameForm 10-K for the year ended December 31, 2023
Division of Corporation
Finance
April 15, 2024 Page 2 Office of Manufacturing
FirstName LastName