8-KThe WireRoutine
Shareholder Vote
Filed May 23, 2025 · 1y ago · Accession 0001193125-25-125853
Plain English
Material event — a significant development the company must disclose promptly.
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Filing text
View original ↗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 22, 2025
The Charles Schwab Corporation
(Exact name of registrant as specified in its charter)
Delaware
1-9700
94-3025021
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
3000 Schwab Way
Westlake , Texas
76262
(Address of principal executive offices)
(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:
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
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:
Title of each class
Trading
Symbol(s)
Name of each exchange
on which registered
Common Stock - $.01 par value per share
SCHW
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
SCHW PrD
New York Stock Exchange
Depositary Shares, each representing a 1/40 th ownership interest in a share of 4.450% Non-Cumulative Preferred Stock, Series J
SCHW PrJ
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.
(a)
The 2025 Annual Meeting of Stockholders of The Charles Schwab Corporation (“CSC”) was held on May 22, 2025.
(b)
All nominees for director 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 2025 fiscal year was approved. The advisory vote on named executive officer (“NEO”) compensation was approved. The stockholder proposal requesting declassification of the board of directors (the “Board”) to elect each director annually was approved. The final voting results were as follows:
For
Against
Abstain
Broker
Non-Vote
1 Election of Directors
(a) John K. Adams Jr.
1,372,916,585
123,583,815
1,097,008
71,026,692
(b) Stephen A. Ellis
1,330,678,070
165,823,399
1,095,940
71,026,692
(c) Arun Sarin
1,291,772,746
203,860,457
1,964,206
71,026,692
(d) Charles R. Schwab
1,424,198,356
71,056,124
2,342,928
71,026,692
(e) Paula A. Sneed
1,316,423,016
180,134,830
1,039,562
71,026,692
2 Ratification of the Selection of Deloitte as Independent Auditors
1,474,620,681
93,491,681
511,738
0
3 Advisory Vote to Approve NEO Compensation
1,279,066,568
216,675,361
1,855,479
71,026,692
4 Stockholder Proposal Requesting Declassification of the Board to Elect Each Director Annually
1,257,131,866
238,836,436
1,629,107
71,026,692
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.
THE CHARLES SCHWAB CORPORATION
Date: May 23, 2025
By:
/s/ Peter J. Morgan III
Peter J. Morgan III
Managing Director, General Counsel and Corporate Secretary
Filing details
- Company
- SCHWAB CHARLES CORP
- Ticker
- SCHW-PJ
- CIK
- 316709
- Form type
- 8-K
- Filing date
- May 23, 2025
- Report date
- May 22, 2025
- Document
- d934610d8k.htm
- Size
- 190 KB