Which of the following statements is not correct concerning summary annual reports? A. A summary annual report omits much of the financial information included in an annual report. B. When a company issues a summary annual report, the proxy materials it sends to shareholders must include a set of fully audited statements and other required financial disclosures. C. A summary annual report generally has more nonfinancial pages than financial pages. D. A summary annual report is adequate for reasonable analysis. E. The concept of a summary annual report was approved by the Securities and Exchange Commission