[Federal Register Volume 78, Number 178 (Friday, September 13, 2013)]
[Pages 56758-56759]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-22258]



Proposed Collection; Comment Request

Upon Written Request Copies Available From: Securities and Exchange 
Commission, Office of Investor Education and Advocacy, Washington, DC 

    Schedule 14N; OMB Control No. 3235-0655, SEC File No. 270-598.

    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.

[[Page 56759]]

    Schedule 14N (17 CFR 240.14n-101) will require 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 64.77 hours per response and will be filed by 
approximately 162 issuers annually. In addition, we estimate that 75% 
of the 64.77 hours per response (48.58 hours) is prepared by the issuer 
for an annual reporting burden of 7,870 hours (48.58 hours per response 
x 162 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 Thomas Bayer, Director/Chief 
Information Officer, and Securities and Exchange Commission, c/o Remi 
Pavlik-Simon, 100 F Street NE., Washington, DC 20549 or send and an 
email to: PRA_Mailbox@sec.gov.

    Dated: September 9, 2013.
Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2013-22258 Filed 9-12-13; 8:45 am]