0000000000-19-014430.txt : 20191206
0000000000-19-014430.hdr.sgml : 20191206
20191009123221
ACCESSION NUMBER: 0000000000-19-014430
CONFORMED SUBMISSION TYPE: UPLOAD
PUBLIC DOCUMENT COUNT: 2
FILED AS OF DATE: 20191009
FILED FOR:
COMPANY DATA:
COMPANY CONFORMED NAME: EVERTEC, Inc.
CENTRAL INDEX KEY: 0001559865
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROCESSING & DATA PREPARATION [7374]
IRS NUMBER: 660783622
STATE OF INCORPORATION: PR
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: UPLOAD
BUSINESS ADDRESS:
STREET 1: CUPEY CENTER BUILDING
STREET 2: ROAD 176, KM 1.3
CITY: RIO PIEDRAS
STATE: PR
ZIP: 00926
BUSINESS PHONE: (787) 759-9999
MAIL ADDRESS:
STREET 1: PO BOX 364527
CITY: SAN JUAN
STATE: PR
ZIP: 00936-4527
PUBLIC REFERENCE ACCESSION NUMBER: 0001559865-19-000018
LETTER
1
filename1.pdf
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TEXT-EXTRACT
2
filename2.txt
October 9, 2019
Morgan Schuessler, Jr.
Chief Executive Officer
EVERTEC, Inc.
Cupey Center Building, Road 176, Kilometer 1.3
San Juan, Puerto Rico 00926
Re: EVERTEC, Inc.
Form 10-K for the fiscal year ended December 31, 2018
Filed February 26, 2019
File No. 001-35872
Dear Mr. Schuessler:
We have reviewed your September 20, 2019 response to our comment letter
and have the
following comment. In some of our comments, we may ask you to provide us with
information
so we may better understand your disclosure.
Please respond to this comment 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
comment applies to your facts and circumstances, please tell us why in your
response.
After reviewing your response to this comment, we may have additional
comments. Unless we note otherwise, our references to prior comments are to
comments in our
September 10, 2019 letter.
Form 10-K for the fiscal year ended December 31, 2018
Management's Discussion and Analysis of Financial Condition and Results of
Operations
Critical Accounting Policies
Revene recognition, page 34
1. It is still unclear to us how your policies regarding immaterial promises
and material
rights are consistent with the guidance. However, it does appear that the
impact of such
policies has not been material to your financial statements. If you plan
to continue to
include these policies in your disclosures, please also include their
impact. In this regard,
please disclose the impact of your policy on determining immaterial
promises has not
been material, and regarding your policy on material rights, state that
to date your
contracts have not included customer options for additional goods or
services for free or at
a discount, or renewal options, as noted in your response.
Morgan Schuessler, Jr.
EVERTEC, Inc.
October 9, 2019
Page 2
You may contact Ryan Rohn, Staff Accountant, at (202) 551-3739 or
Stephen Krikorian,
Accounting Branch Chief, at (202) 551-3488 if you have questions regarding
comments on the
financial statements and related matters.
FirstName LastNameMorgan Schuessler, Jr. Sincerely,
Comapany NameEVERTEC, Inc.
Division of
Corporation Finance
October 9, 2019 Page 2 Office of Technology
FirstName LastName