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SEC Regulation 14N Paperwork Reduction Act 60-Day Comment Request

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Summary

The SEC published a 60-Day Paperwork Reduction Act notice soliciting comments on Regulation 14N and Schedule 14N, which govern the filing of information by shareholders submitting director nominees pursuant to state law or company governing documents. The SEC estimates one response annually with 30 burden hours and $6,000 cost burden per response. Comments on this 60-Day Notice are due by June 16, 2026, with a second opportunity to comment following the Federal Register publication of a 30-Day Submission Notice.

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What changed

The SEC is soliciting public comments on the existing information collection requirements under Regulation 14N (17 CFR 240.14n-1 through 240.14n-3) and Schedule 14N (17 CFR 240.14n-101), which require shareholders submitting director nominees to file certain information with the Commission. The collection provides shareholders with information to make informed voting decisions on director nominees by disclosing the nominating shareholder's interest, ownership history, and intent regarding continued ownership.

Public companies and shareholders utilizing the shareholder nomination process should review the existing collection requirements and consider submitting comments on burden estimates, practical utility, and potential ways to enhance quality or minimize burden. The comment deadline is June 16, 2026, directed to Austin Gerig, Director/Chief Data Officer, via email to PaperworkReductionAct@sec.gov.

Archived snapshot

Apr 18, 2026

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Content

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

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.

Regulation 14N (17 CFR 240.14n-1 through 240.14n-3) and 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 or shareholder group's intent to have
the company include the shareholder's or shareholder group's 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
TO is filed once per year by one respondent, for an estimated total of one response annually. We estimate that Schedule 14N
requires approximately 30 burden hours per response and approximately $6,000 cost burden per response, for an estimated total
annual reporting burden of 30 hours (30 burden hours per response × one response) and an estimated total annual cost burden
of $6,000 (one response × $6,000 per response).

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 OMB control number.

Written comments are invited on: (a) whether this proposed 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.

Please direct your written comments on this 60-Day Collection Notice to Austin Gerig, Director/Chief Data Officer, Securities
and Exchange Commission, c/o Tanya Ruttenberg via email to PaperworkReductionAct@sec.gov by June 16, 2026. There will be a second opportunity to comment on this SEC request following the
Federal Register
publishing a 30-Day Submission Notice.

Dated: April 15, 2026. Sherry R. Haywood, Assistant Secretary. [FR Doc. 2026-07554 Filed 4-16-26; 8:45 am] BILLING CODE 8011-01-P

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CFR references

17 CFR 240.14n-1 17 CFR 240.14n-2 17 CFR 240.14n-3 17 CFR 240.14n-101

Named provisions

Regulation 14N Schedule 14N

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Last updated

Classification

Agency
SEC
Published
April 15th, 2026
Comment period closes
June 16th, 2026 (59 days)
Compliance deadline
June 16th, 2026 (59 days)
Instrument
Consultation
Legal weight
Non-binding
Stage
Consultation
Change scope
Minor
Document ID
FR Doc. 2026-07554
Docket
SEC-2026-2391-0001

Who this affects

Applies to
Public companies Investors Shareholders
Industry sector
5231 Securities & Investments
Activity scope
Proxy nomination filings Shareholder director nominations Information collection
Geographic scope
United States US

Taxonomy

Primary area
Securities
Operational domain
Compliance
Topics
Corporate Governance Securities

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