Micro Imaging Technology Inc (MMTC)

[Helter Skelter]

SEC Approval of the Proxy

Once a company has assembled all materials for the proxy mailing, it sends the materials to the SEC for approval, but only if the materials involve voting for issues other than the election of directors, the appointment of auditors, or the approval of a plan or related amendments. The SEC has 10 days to respond that it plans to comment; if so, the SEC usually issues a comment letter within 30 days. If the SEC does not respond within 10 days, then the company can proceed with printing and mailing the proxy materials to its stockholders. If there is no need to submit the information to the SEC in advance, then the company can print and mail the proxy materials, and file them with the SEC at the same time.