Form 8-K - Current report
29 Mai 2024 - 10:10PM
Edgar (US Regulatory)
SCHWAB CHARLES CORP Depositary Shares, each representing a 1/40th ownership interest in a share of 4.450% Non-Cumulative Preferred Stock, Series J false 0000316709 0000316709 2024-05-23 2024-05-23 0000316709 us-gaap:CommonStockMember 2024-05-23 2024-05-23 0000316709 schw:DepositarySharesEachRepresentingA140thOwnershipInterestInAShareOf5.95NonCumulativePreferredStockSeriesD2Member 2024-05-23 2024-05-23 0000316709 us-gaap:SeriesAPreferredStockMember 2024-05-23 2024-05-23
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d)
of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 23, 2024
The Charles Schwab Corporation
(Exact name of registrant as specified in its charter)
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Delaware |
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1-9700 |
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94-3025021 |
(State or other jurisdiction of incorporation) |
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(Commission File Number) |
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(IRS Employer Identification No.) |
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3000 Schwab Way Westlake, Texas |
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76262 |
(Address of principal executive offices) |
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(Zip Code) |
Registrant’s telephone number, including area code: (817) 859-5000
N/A
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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☐ |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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☐ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
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Title of each class |
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Trading Symbol(s) |
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Name of each exchange on which registered |
Common Stock - $.01 par value per share |
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SCHW |
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New York Stock Exchange |
Depositary Shares, each representing a 1/40th ownership interest in a share of 5.95% Non-Cumulative Preferred Stock, Series D |
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SCHW PrD |
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New York Stock Exchange |
Depositary Shares, each representing a 1/40th ownership interest in a share of 4.450% Non-Cumulative Preferred Stock, Series J |
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SCHW PrJ |
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New York Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.07 |
Submission of Matters to a Vote of Security Holders. |
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(a) |
The 2024 Annual Meeting of Stockholders of The Charles Schwab Corporation (“CSC”) was held on May 23, 2024. |
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(b) |
All nominees for directors were elected, and each nominee received more “for” votes than “against” votes cast for the nominee’s election. The proposal to ratify the selection of Deloitte & Touche LLP (“Deloitte”) as CSC’s independent auditors for the 2024 fiscal year was approved. The advisory vote on named executive officer (“NEO”) compensation was approved. The stockholder proposal requesting changes to the executive compensation program was not approved. The stockholder proposal on workforce discrimination risk oversight and impact was not approved. The stockholder proposal on pay equity disclosure was not approved. The final voting results were as follows: |
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For |
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Against |
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Abstain |
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Broker Non-Vote |
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1 |
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Election of Directors |
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(a) Walter W. Bettinger II |
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1,386,038,893 |
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101,302,966 |
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4,370,072 |
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61,320,014 |
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(b) Joan T. Dea |
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1,368,188,579 |
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122,383,889 |
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1,139,463 |
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61,320,014 |
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(c) Christopher V. Dodds |
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1,451,421,642 |
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39,375,004 |
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915,284 |
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61,320,014 |
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(d) Bharat B. Masrani |
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1,418,614,548 |
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71,717,320 |
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1,380,063 |
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61,320,014 |
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(e) Charles A. Ruffel |
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1,454,264,747 |
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36,246,410 |
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1,200,774 |
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61,320,014 |
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2 |
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Ratification of the Selection of Deloitte as Independent Auditors |
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1,460,968,515 |
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91,298,653 |
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764,778 |
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0 |
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3 |
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Advisory Vote to Approve NEO Compensation |
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1,352,679,636 |
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136,965,265 |
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2,067,030 |
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61,320,014 |
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4 |
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Stockholder Proposal Requesting Changes to the Executive Compensation Program |
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63,702,064 |
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1,414,674,878 |
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13,334,990 |
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61,320,014 |
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5 |
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Stockholder Proposal on Workforce Discrimination Risk Oversight and Impact |
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9,187,020 |
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1,474,497,271 |
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8,027,640 |
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61,320,014 |
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6 |
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Stockholder Proposal on Pay Equity Disclosure |
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344,578,130 |
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1,141,063,479 |
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6,070,322 |
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61,320,014 |
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Signature
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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THE CHARLES SCHWAB CORPORATION
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Date: May 29, 2024 |
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By: |
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/s/ Peter Crawford |
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Peter Crawford |
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Managing Director and Chief Financial Officer |
v3.24.1.1.u2
Document and Entity Information
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May 23, 2024 |
Document And Entity Information [Line Items] |
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Entity Registrant Name |
SCHWAB CHARLES CORP
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Amendment Flag |
false
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Entity Central Index Key |
0000316709
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Document Type |
8-K
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Document Period End Date |
May 23, 2024
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Entity Incorporation State Country Code |
DE
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Entity File Number |
1-9700
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Entity Tax Identification Number |
94-3025021
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Entity Address, Address Line One |
3000 Schwab Way
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Entity Address, City or Town |
Westlake
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Entity Address, State or Province |
TX
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Entity Address, Postal Zip Code |
76262
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City Area Code |
(817)
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Local Phone Number |
859-5000
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Written Communications |
false
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Soliciting Material |
false
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Pre Commencement Tender Offer |
false
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Pre Commencement Issuer Tender Offer |
false
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Entity Emerging Growth Company |
false
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Common Stock [Member] |
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Document And Entity Information [Line Items] |
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Security 12b Title |
Common Stock - $.01 par value per share
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Trading Symbol |
SCHW
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Security Exchange Name |
NYSE
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Depositary Shares Each Representing A 140th Ownership Interest In A Share Of 5.95 Not Cumulative Preferred Stock Series D 2 [Member] |
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Document And Entity Information [Line Items] |
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Security 12b Title |
Depositary Shares, each representing a 1/40th ownership interest in a share of 5.95% Non-Cumulative Preferred Stock, Series D
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Trading Symbol |
SCHW PrD
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Security Exchange Name |
NYSE
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Series A Preferred Stock [Member] |
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Document And Entity Information [Line Items] |
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Security 12b Title |
Depositary Shares, each representing a 1/40th ownership interest in a share of 4.450% Non-Cumulative Preferred Stock, Series J
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Trading Symbol |
SCHW PrJ
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Security Exchange Name |
NYSE
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