Form S-8 is the simplified form
for the Securities Act registration of securities transactions
involving an issuance to a registrant’s employees, as defined by
the form, in a compensatory or incentive context and for a
non-capital-raising purpose. The proposed amendments would amend
Form S-8 to permit compensatory issuances to an issuer’s platform
workers. For purposes of the Paperwork Reduction Act, we estimate
that the proposed amendments would result in: an increase of 17
additional Form S-8 responses per year, which would increase the
average annual number of responses for Form S-8 from 2,140 to
2,157; an average annual increase in internal burden hours of 247
hours, which would increase the total number of annual internal
burden hours from 28,890 hours to 29,137 hours; and an increase in
professional costs of $98,600, which would increase the total
annual outside cost burden from $11,556,000 to $11,654,600.
$103,479,690
No
Yes
No
No
No
No
No
Elliot Staffin 202
551-3243
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.