SEC Makes Proxy Form Reusable Across Agencies
Published Date: 6/17/2026
Notice
Summary
The SEC is asking to keep using and extend a paperwork form that helps companies share important voting info with shareholders. This form will now be a 'common form,' meaning other agencies like the Federal Reserve can use it too, saving time and effort. No big changes or costs are expected, but companies and agencies should keep an eye on the approval timeline to stay in the loop.
Analyzed Economic Effects
1 provisions identified: 0 benefits, 1 costs, 0 mixed.
Annual Schedule 14C Paperwork Burden
Issuers that file Schedule 14C must continue to provide the mandatory information statement once per year. The SEC estimates each Schedule 14C takes about 149.74 hours per filing, with roughly 75% (39,756 hours total) borne internally across about 354 filers and 25% handled by outside professionals at $600 per hour, producing an annual external cost of $7,951,194. Schedule 14C filings are publicly available on the SEC’s EDGAR system.
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Key Dates
Department and Agencies
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Previous: 2026-12195 — Agency Information Collection Activities; Submission for OMB Review; Comment Request; Extension: Regulation 14A (Commission Rules 14a-1 Through 14a-21 and Schedule 14A)
The SEC is asking to keep using and extend a set of rules (Regulation 14A) that help companies share important info with shareholders before big votes. This update also lets the Federal Reserve use the same forms, making things simpler for both agencies. No new costs or big changes for companies, but the paperwork approval is up for renewal soon.
Next: 2026-12197 — Information Collections Being Submitted for Review and Approval to Office of Management and Budget
The Federal Communications Commission (FCC) is asking the public and small businesses to share their thoughts on how to make paperwork easier and less time-consuming. They’re reviewing some information collection rules and want comments by July 17, 2026. This effort aims to cut down hassle, especially for small businesses with fewer than 25 employees, without costing extra time or money.