[Federal Register Volume 62, Number 227 (Tuesday, November 25, 1997)]
[Proposed Rules]
[Page 62732]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-30922]


=======================================================================
-----------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION

17 CFR Part 240

[Release No. 34-39336; IC-22896; File No. S7-25-97]
RIN 3235-AH20


Amendments to Rules on Shareholder Proposals

AGENCY: Securities and Exchange Commission.

ACTION: Proposed rule; Extension of comment period.

-----------------------------------------------------------------------

SUMMARY: The Securities and Exchange Commission (``we'' or 
``Commission'') is extending the comment period for its proposals to 
amend rule 14a-8, and related rules, set forth in Securities Exchange 
Act Release No. 39093 (9/18/97), 62 FR 50682 (9/26/97) (the 
``Release''). The original deadline established by the Release was 
November 25, 1997. The new deadline is January 2, 1998.

DATES: Public comments are due on or before January 2, 1998.

ADDRESSES: Please send three copies of the comment letter to Jonathan 
G. Katz, Secretary, U.S. Securities and Exchange Commission, 450 Fifth 
Street, N.W., Washington, D.C. 20549. Comment letters can be sent 
electronically to the following e-mail address: [email protected]. 
The comment letter should refer to File No. S7-25-97; if e-mail is used 
please include the file number in the subject line. Anyone can inspect 
and copy the comment letters in the SEC's Public Reference Room, 450 
Fifth Street, N.W., Washington, D.C. 20549. We will post comment 
letters submitted electronically on our Internet site (http://
www.sec.gov).

FOR FURTHER INFORMATION CONTACT: Frank G. Zarb, Jr., Special Counsel, 
Office of Chief Counsel, Division of Corporation Finance, at (202) 942-
2900, or Doretha M. VanSlyke, Division of Investment Management, at 
(202) 942-0721, Securities and Exchange Commission, 450 Fifth Street 
N.W., Washington, D.C. 20549.

SUPPLEMENTARY INFORMATION: On September 18, 1997, the Commission issued 
the Release, proposing amendments to rule 14a-8,\1\ the shareholder 
proposal rule, and related amendments to rules 14a-4,\2\ 14a-5,\3\ 14a-
2,\4\ and 13d-5.\5\ The deadline for submitting public comments 
established by the Release was November 25, 1997. The Commission has 
received requests to extend the deadline. We are therefore extending 
the comment period to January 2, 1998, so that commenters are ensured 
of adequate time to fully address the issues raised by the Release.

    \1\ 17 CFR 240.14a-8.
    \2\ 17 CFR 240.14a-4.
    \3\ 17 CFR 240.14a-5.
    \4\ 17 CFR 240.14a-2.
    \5\ 17 CFR 240.13d-5.
---------------------------------------------------------------------------

    Dated: November 19, 1997.

    By the Commission.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 97-30922 Filed 11-24-97; 8:45 am]
BILLING CODE 8010-01-M