Chart Industries, Inc. | |
One Infinity Corporate Centre Drive, Suite 300 | |
Garfield Heights, Ohio 44125 | |
Phone: 440-753-1490 Fax: 440-753-1491 | |
www.chart-ind.com |
Attention: | Cecilia Blye | |
Office of Global Security Risk Chief |
Re: | Chart Industries, Inc. | |
Form 10-K for Fiscal Year Ended December 31, 2013 | ||
Filed February 25, 2014 | ||
File No. 1-11442 |
1. | You state on page 20 of the 10-K that your export activities are subject to the Treasury Department’s Office of Foreign Asset Control’s regulations, and that you “may currently or may in the future be in violation of these regulations.” You state on page 14 that expansion into the Middle East and Latin America may cause you difficulty, and that conditions in North Africa and the Middle East could negatively impact your order levels and sales in those regions. Cuba, Sudan and Syria, countries located in those regions, are designated by the Department of State as state sponsors of terrorism, and are subject to U.S. economic sanctions and export controls. |
2. | Please discuss the materiality of any contacts with Cuba, Sudan and Syria described in response to the comment above, and whether those contacts constitute a material investment risk for your security holders. You should address materiality in quantitative terms, including the approximate dollar amounts of any associated revenues, assets, and liabilities for the last three fiscal years and the subsequent interim period. Also, address materiality in terms of qualitative factors that a reasonable investor would deem important in making an investment decision, |
3. | You state on page 3 that you have a long standing relationship with PetroChina. We are aware of recent state government and retirement system divestment or other initiatives regarding PetroChina, due to its contacts with Iran and Sudan. Please discuss for us the potential for your relationship with PetroChina to have an adverse impact upon your reputation and share value. |
• | The Company is responsible for the adequacy and accuracy of the disclosure in its filings; |
• | Staff comments or changes to disclosure in response to staff comments do not foreclose the Commission from taking any action with respect to the filing; and |
• | The Company may not assert staff comments as a defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States. |
By: | /s/ Michael F. Biehl | |
Michael F. Biehl | ||
Executive Vice President and Chief | ||
Financial Officer |
cc: | Matthew J. Klaben | |
Kenneth J. Webster | ||
David Maraldo, Ernst & Young LLP | ||
Arthur C. Hall III, Calfee, Halter & Griswold LLP |
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