Regulation 14C (Commission Rules 14c-1 through 14c-7 and Schedule 14C)

ICR 201102-3235-033

OMB: 3235-0057

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2011-03-01
IC Document Collections
ICR Details
3235-0057 201102-3235-033
Historical Active 201009-3235-010
SEC CF 270-57
Regulation 14C (Commission Rules 14c-1 through 14c-7 and Schedule 14C)
Revision of a currently approved collection   No
Regular
Approved without change 03/24/2011
Retrieve Notice of Action (NOA) 03/03/2011
  Inventory as of this Action Requested Previously Approved
03/31/2014 36 Months From Approved 12/31/2013
680 0 680
65,764 0 64,971
7,816,549 0 7,636,149

Schedule 14C is filed by issuers of securities that are registered under Section 12 of the Securities Exchange Act of 1934 in connection with a consent solicitation.

US Code: 15 USC 77c(b), 77f, 77g, 77j, 77s(a) Name of Law: Securities Act of 1933
   US Code: 15 USC 78m, 78n(a), 78n-1, 78w(a) Name of Law: Securities Exchange Act of 1934
   US Code: 15 USC 78mm Name of Law: Securities Exchange Act of 1934
  
PL: Pub.L. 111 - 203 951 Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act

3235-AK68 Final or interim final rulemaking 76 FR 6010 02/02/2011

Yes

1
IC Title Form No. Form Name
Regulation 14C (Commission Rules 14c-1 through 14c-7 and Schedule 14C)

  Total Approved Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 680 680 0 0 0 0
Annual Time Burden (Hours) 65,764 64,971 793 0 0 0
Annual Cost Burden (Dollars) 7,816,549 7,636,149 180,400 0 0 0
No
No
We anticipate that the amendments will increase the burdens and costs for U.S. companies. The amendments will increase existing burdens by requiring companies to make additional disclosures of the following: • the shareholder say-on-pay votes and frequency and the general effect of such votes, such as whether the vote is non-binding; • whether and, if so, how companies have taken into account the results of shareholder advisory votes on executive compensation; • decision regarding how frequently it will conduct say-on-pay votes in light of the results of the shareholder vote on frequency; and • disclosure of golden parachute compensation arrangements in connection with mergers, acquisitions, tender offers and going-private transactions. With respect to reporting companies, portions of the new disclosure will be required in Schedules 14A, 14C, 14D-9, and 13E-3. Additional disclosure will also be required in Forms 10, 8-K, S-1, S-4, F-4, S-11 and N-2. With respect to Schedule 14C we estimate an increase of 793 annual burden hours and an increase of $180,400 in costs.

$100,000
No
No
No
Yes
No
Uncollected
Scott Hodgdon 202 551-3273

  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.
03/03/2011


© 2024 OMB.report | Privacy Policy