0000000000-22-009630.txt : 20230117 0000000000-22-009630.hdr.sgml : 20230117 20220906103004 ACCESSION NUMBER: 0000000000-22-009630 CONFORMED SUBMISSION TYPE: UPLOAD PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20220906 FILED FOR: COMPANY DATA: COMPANY CONFORMED NAME: KAISER ALUMINUM CORP CENTRAL INDEX KEY: 0000811596 STANDARD INDUSTRIAL CLASSIFICATION: ROLLING DRAWING & EXTRUDING OF NONFERROUS METALS [3350] IRS NUMBER: 943030279 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: UPLOAD BUSINESS ADDRESS: STREET 1: 27422 PORTOLA PARKWAY, SUITE 200 CITY: FOOTHILL RANCH STATE: CA ZIP: 92610-2831 BUSINESS PHONE: 949-614-1740 MAIL ADDRESS: STREET 1: 27422 PORTOLA PARKWAY, SUITE 200 CITY: FOOTHILL RANCH STATE: CA ZIP: 92610-2831 FORMER COMPANY: FORMER CONFORMED NAME: KAISERTECH LTD DATE OF NAME CHANGE: 19901122 LETTER 1 filename1.pdf begin 644 filename1 M)5!$1BTQ+C4*)>+CS],*,2 P(&]B:@H\/"]#;VQO7!E+UA/8FIE8W0O5VED=&@@,30R."],96YG=&@@,S8U+T)I='-097)# M;VUP;VYE;G0@.#X^7M0Q1$1$1$1$1&3"Q\<'QA6_?__&K *98K_? 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AULUJEB=F+>%W6*R1-7:9R_8=/R7]8G0]F"F5N9'-T7!E+T]B:E-T;2],96YG=&@@,C(U+T9IN(K*G M30CD7N[A.^?1]I#&&E-IH$+6-[[@5&DC7XN-ZSB^5*&S M7LU]'1KG6[5U?N:CN_=/HG=-W.4273X*U_ZQ><2;#-C,0/H#3.V) M>PIE;F1S=')E86T*96YD;V)J"C$S(# @;V)J"CP\+TEN9F\@,3(@,"!2+T9I M;'1E7!E+UA2968O5ULQ(#(@,ETO26YD97A;," Q M-%TO240@6SPU-#AC-#8V-&9D8S4S,S S9&8V8C4X-F8X-CAC8S!A83X\-30X M8S0V-C1F9&,U,S,P,V1F-F(U.#9F.#8X8V,P86$^72]2;V]T(#$Q(# @4B], M96YG=&@@-C O4VEZ92 Q-#X^ TEXT-EXTRACT 2 filename2.txt United States securities and exchange commission logo September 6, 2022 Neal West Executive Vice President and Chief Financial Officer Kaiser Aluminum Corp. 27422 Portola Parkway, Suite 200 Foothill Ranch , California 92610-2831 Re: Kaiser Aluminum Corp Form 10-K for the year ended December 31, 2021 Form 10-Q for the quarter ended June 30, 2022 Response letter dated August 2, 2022 File No. 1-09447 Dear Mr. West: We have reviewed your August 2, 2022 response to our comment letter and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. Please respond to these comments 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 comments apply to your facts and circumstances, please tell us why in your response. After reviewing your response to these comments, we may have additional comments. Unless we note otherwise, our references to prior comments are to comments in our July 21, 2022 letter. Response letter dated August 2, 2022 Selected Operational and Financial Information, page 33 1. We note your response to our comment number 2. To help us better understand your Hedged Cost of Alloyed Metal non-GAAP adjustment please provide us with the inputs, such as the total cost of alloying elements, that make up this adjustment and which line item in the income statement the amounts are recognized in. Please also tell us when an input is based on an estimate, how such estimate is developed and why an estimate is used instead of the actual costs in the financial statements. Last, describe how gains and losses on settled hedges are reflected in the adjustment and how the amounts in your (Gain) Loss footnote on page 77 relate to this input. Neal West Kaiser Aluminum Corp. September 6, 2022 Page 2 Form 10-Q for the Quarter Ended June 30, 2022 Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations Selected Operational and Financial Information, page 25 2. We note that one of your adjustments in your Adjusted EBITDA measure is titled "Adjustments to plant-level LIFO" and appears to convert from GAAP LIFO applied on a consolidated basis to monthly LIFO applied on a plant-by-plant basis. Please explain to us how the amount of this adjustment is calculated or determined and explain to us why you believe it is an appropriate adjustment to your Non-GAAP performance measure. You may contact Charles Eastman at (202) 551-3794 or Claire Erlanger at (202) 551- 3301 with any questions. FirstName LastNameNeal West Sincerely, Comapany NameKaiser Aluminum Corp. Division of Corporation Finance September 6, 2022 Page 2 Office of Manufacturing FirstName LastName