Schedule 14C is filed by issuers of
securities that are registered under Section 12 of the Securities
Exchange Act of 1934 in connection with a consent
solicitation.
As explained in further detail
in Items 12 and 13 above, the rules adopted in Release No. 33-10593
are mandated by Section 955 of the Dodd-Frank Act. The changes in
burden of 14C relate to enhanced disclosure requirements in
Regulation S-K to provide transparency to shareholders, if action
is to be taken with respect to the election of directors, about
whether employees or directors are permitted to engage in
transactions that mitigate or avoid the incentive alignment
associated with equity ownership. The change in burden of Schedule
14C corresponds to these amended disclosure requirements. For
purposes of the PRA, we estimate that the amendments to Schedule
14C will result in a net increase of 486 burden hours and a net
increase in the cost burden of $64,760 for the services of outside
professionals.
$100,000
No
No
No
No
Yes
No
Uncollected
Carolyn Sherman 202 551-3500
shermanc@sec.gov
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.