OMB files this comment in accordance with 5 CFR 1320.11( c ). This OMB action is not an approval to conduct or sponsor an information collection under the Paperwork Reduction Act of 1995. This action has no effect on any current approvals. If OMB has assigned this ICR a new OMB Control Number, the OMB Control Number will not appear in the active inventory. For future submissions of this information collection, reference the OMB Control Number provided. Pursuant to 5 CFR 1320.11(c), OMB files this comment on this information collection request (ICR). The agency shall examine public comment in response to the NPRM and will describe in the supporting statement of its next collection any public comments received regarding the collection as well as why (or why it did not) incorporate the commenter’s recommendation. In addition, the agency shall incorporate into the final submission supporting statement a detailed discussion of the ICR burdens, including tables showing the marginal differences in responses, burden hours, and cost between the proposed and final rules. The agency shall also provide aggregate burden estimates for all activities accounted for in the package. The next submission to OMB must include the draft final rule.
Inventory as of this Action
Requested
Previously Approved
10/31/2021
36 Months From Approved
10/31/2021
5,586
0
5,586
546,333
0
546,333
72,844,312
0
72,844,312
Schedule 14A is filed by issuers of securities registered under Section 12 of the Securities Exchange Act of 1934 in connection with solicitation of a proxy.
As explained in further detail in Items 12 and 13 above, the proposed rules in Release No. 33-9723 are mandated by Section 955 of the Dodd-Frank Act.
The changes in burden of Schedule 14A relate to enhanced disclosure requirements in Regulation S-K to provide transparency to shareholders, if action is to be taken with respect to the election of directors, about whether employees or directors are permitted to engage in transactions that mitigate or avoid the incentive alignment associated with equity ownership. The change in burden of Schedule 14A corresponds to these proposed disclosure requirements. For purposes of the PRA, we estimate that the amendments to Schedule 14A will result in a net increase of 12,569 burden hours and a net increase in the cost burden of $1,675,800 for the services of outside professionals.
$100,000
No
No
No
No
Yes
No
Uncollected
Carolyn Sherman 202 551-3500 shermanc@sec.gov
No
On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control number;
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
Supporting Statement Hedging -12-18-2018.pdf
Regulation 14A (Commission Rules 14a-1 through 14a-21 and Schedule 14A)