CORRESP 1 filename1.htm corresp
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November 3, 2008
 
VIA EDGAR CORRESPONDENCE
 
Larry M. Spirgel
Assistant Director
Division of Corporation Finance
Securities and Exchange Commission
100 F Street N.E.
Washington, DC 20549
  Re:   Checkpoint Systems, Inc.
Form 10-K for period ending 12/30/2007
Filed on February 28, 2008
File No. 001-11257
Dear Mr. Spirgel:
     On behalf of our client, Checkpoint Systems, Inc. (the “Company”), this letter sets forth the Company’s responses to the comments of the staff (the “Staff”) of the Securities and Exchange Commission (the “Commission”), received by letter on October 7, 2008, to the above-referenced filings. For your convenience, we have set forth each of the Staff’s original comments immediately preceding our response.
Compensation Discussion and Analysis, page 17
1.     We have considered your response to comment two in our letter dated July 23, 2008 and are unable to agree. Public disclosure of each company-level performance target for the last completed fiscal year should not result in competitive harm when disclosure of the performance target will occur after the fiscal year has ended and actual company results will have been disclosed. Please advise or indicate that you intend to disclose such metrics, if a material element of your executive compensation policies or decisions, in the future.

 

 

      Response:
      In future filings, we will comply with the Staff’s comment by disclosing company-level performance targets for the last completed fiscal year, to the extent such performance targets are a material element of our executive compensation.
* * * * *
     If you have any questions or comments with regard to these responses or other matters, please call Joel Trotter at (202) 637-2165 or the undersigned at (202) 637-1070.
         
  Very truly yours,
 		  
  /s/ Alison K. Keith    
  Alison K. Keith
LATHAM & WATKINS LLP 		  
 
cc:     Robert P. van der Merwe
      President & Chief Executive Officer
Checkpoint Systems, Inc.
      Raymond D. Andrews
      Senior Vice President & Chief Financial Officer
Checkpoint Systems, Inc.
      John Van Zile
      Senior Vice President, General Counsel & Secretary
Checkpoint Systems, Inc.
      Joel H. Trotter
      Latham & Watkins LLP