Subject: File Number S7-23-19
From: Marcella Calabi

Mar. 5, 2020

Hon. Jay Clayton 
Chairman, U.S. Securities and Exchange Commission 

RE: File Number S7-23-19 

Dear Mr. Clayton: 

I am aware that the official comment period is over but I hope you will nonetheless count me among the citizens who are concerned about the proposed changes to Rule 14a8. 

The changes would effectively limit my right to file shareholder proposals and interfere with my ability to delegate the filing of shareholder proposals. 

I delegate filing shareholder proposals to a professional not because I cannot do it myself, but because that way I can band together with other shareholders efficiently. Our stake is still small compared to the behemoths! 

Please do not further disenfranchise the “little guys” any more than we already are. 

Marcella Calabi