SEC Proposes Keeping Shareholder Nomination Info Rules Alive
Published Date: 4/17/2026
Notice
Summary
The SEC is asking to keep collecting info from shareholders who want to nominate directors for company boards. This helps everyone understand who’s behind the nominations and their plans, making voting clearer and smarter. It usually takes about 30 hours and costs around $6,000 per filing, with just one filing expected each year.
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Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
Filers Must Submit Schedule 14N
If you are a shareholder who wants to nominate a company director, you must file Schedule 14N with the SEC. The SEC estimates each Schedule 14N filing requires about 30 hours of work and costs about $6,000 per filing, with an estimated one filing per year.
Shareholder Voting Transparency Improves
You, as a shareholder, get more information about people or groups who nominate directors because the filer must disclose their interest in the company, how long they have owned shares, and their intentions. The SEC says this information is intended to help shareholders make informed voting decisions about nominees.
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