SEC Wants More Paperwork for Shareholder Director Nominations
Published Date: 4/17/2026
Notice
Summary
The SEC is asking to keep collecting info from shareholders who want to nominate directors for companies, helping everyone vote smarter. This paperwork usually takes about 30 hours and costs around $6,000 per filing, but only happens once a year per filer. If you’re a shareholder planning to nominate someone, this affects you, and the SEC wants your feedback before extending the rules.
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
Filing Requirement for Shareholder Nominees
If you are a shareholder planning to nominate someone for a company’s board, you must file Schedule 14N with the SEC. The filing is estimated to take about 30 hours and cost around $6,000 per filing, and is typically done once per year per filer.
Information to Help Shareholder Voting
Schedule 14N requires information that lets shareholders see a nominating shareholder’s interest in the company, how long they’ve owned shares, and their intent about continued ownership. This information is intended to help shareholders make more informed voting decisions about nominees.
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Key Dates
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