On September 6, 2011, the Securities and Exchange Commission announced, in a statement by Chairman Mary L. Schapiro, that the SEC will not seek a rehearing of the decision by the U.S. Court of Appeals for the District of Columbia vacating SEC Rule 14a-11 under the Securities Exchange Act of 1934, as amended, and will not seek Supreme Court review. However, the SEC will implement amendments to Rule 14a-8(i)(8) under the Exchange Act, which will permit eligible shareholders to require companies to include shareholder proposals regarding proxy access procedures in company proxy materials.