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SEC RIN: 3235-AN47 Publication ID: Spring 2025 
Title: ●Shareholder Proposal Modernization 
Abstract:

The Division is considering recommending that the Commission propose rule amendments to modernize the requirements of Exchange Act Rule 14a-8 to reduce compliance burdens for registrants and account for developments since the rule was last amended.

 
Agency: Securities and Exchange Commission(SEC)  Priority: Economically Significant 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: Undetermined  Unfunded Mandates: No 
EO 14192 Designation: Deregulatory 
CFR Citation: 17 CFR 240.14a-8   
Legal Authority: 15 U.S.C. 78c(b)    15 U.S.C. 78cn    15 U.S.C. 78w(a)    15 U.S.C. 80a-20(a)    15 U.S.C. 80a-29   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  04/00/2026 
Regulatory Flexibility Analysis Required: YES  Government Levels Affected: Undetermined 
Small Entities Affected: Businesses  Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: Yes 
Agency Contact:
Anna Abramson
Senior Special Counsel, Division of Corporation Finance
Securities and Exchange Commission
100 F Street NE,
Washington, DC 20549
Phone:202 554-4969
Email: abramsonan@sec.gov