February 13, 2006
These comments are in response to the proposed rule changes on File No. S7-10-05.
While it would be nice to believe that all Americans are part of the information age and computer literate, they aren't. Many Americans who are stockholders do not have readily available access to computers or the internet and do a detail analysis while on-line.
Have companies asked their stockholders whether they want to continue receiving their proxy material in writing or via electronic media before coming to the SEC? Isn't this between the stockholders and the company? For that reason and the fact that many stockholders do not have or want electronic access, the SEC should not approve any changes at this time.