[Federal Register Volume 85, Number 48 (Wednesday, March 11, 2020)]
[Notices]
[Page 14286]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-04950]


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SECURITIES AND EXCHANGE COMMISSION

[SEC File No. 270-598, OMB Control No. 3235-0655]


Proposed Collection; Comment Request

Upon Written Request Copies Available From: Securities and Exchange 
Commission, Office of FOIA Services, 100 F Street NE, Washington, DC 
20549-2736.

Extension:
    Regulation 14N and Schedule 14N.

    Notice is hereby given that, pursuant to the Paperwork Reduction 
Act of 1995 (44 U.S.C. 3501 et seq.), the Securities and Exchange 
Commission (``Commission'') is soliciting comments on the collection of 
information summarized below. The Commission plans to submit this 
existing collection of information to the Office of Management and 
Budget for extension and approval.
    Schedule 14N (17 CFR 240.14n-101) requires the filing of certain 
information with the Commission by shareholders who submit a nominee or 
nominees for director pursuant to applicable state law, or a company's 
governing documents. Schedule 14N provides notice to the company of the 
shareholder's intent to have the company include the shareholder's or 
shareholder groups' nominee or nominees for director in the company's 
proxy materials. This information is intended to assist shareholders in 
making an informed voting decision with regards to any nominee or 
nominees put forth by a nominating shareholder or group, by allowing 
shareholders to gauge the nominating shareholder's interest in the 
company, longevity of ownership, and intent with regard to continued 
ownership in the company. We estimate that Schedule 14N takes 
approximately 40 hours per response and will be filed by approximately 
42 issuers annually. In addition, we estimate that 75% of the 40 hours 
per response (30 hours per response) is prepared by the issuer for an 
annual reporting burden of 1,260 hours (30 hours per response x 42 
responses).
    Written comments are invited on: (a) Whether this collection of 
information is necessary for the proper performance of the functions of 
the agency, including whether the information will have practical 
utility; (b) the accuracy of the agency's estimate of the burden 
imposed by the collection of information; (c) ways to enhance the 
quality, utility, and clarity of the information collected; and (d) 
ways to minimize the burden of the collection of information on 
respondents, including through the use of automated collection 
techniques or other forms of information technology. Consideration will 
be given to comments and suggestions submitted in writing within 60 
days of this publication.
    An agency may not conduct or sponsor, and a person is not required 
to respond to, a collection of information unless it displays a 
currently valid control number.
    Please direct your written comments to David Bottom, Director/Chief 
Information Officer, Securities and Exchange Commission, c/o Cynthia 
Roscoe, 100 F Street NE, Washington, DC 20549 or send and an email to: 
[email protected].

    Dated: March 6, 2020.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020-04950 Filed 3-10-20; 8:45 am]
BILLING CODE 8011-01-P