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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)

 

 

 

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 1/40th 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 2024 Annual Meeting of Stockholders of The Charles Schwab Corporation (“CSC”) was held on May 23, 2024.

 

  (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:

 

     For      Against      Abstain      Broker
Non-Vote		  
1    Election of Directors            
  

(a)   Walter W. Bettinger II

      1,386,038,893        101,302,966        4,370,072        61,320,014  
  

(b)   Joan T. Dea

      1,368,188,579        122,383,889        1,139,463        61,320,014  
  

(c)   Christopher V. Dodds

      1,451,421,642        39,375,004        915,284        61,320,014  
  

(d)   Bharat B. Masrani

      1,418,614,548        71,717,320        1,380,063        61,320,014  
  

(e)   Charles A. Ruffel

      1,454,264,747        36,246,410        1,200,774        61,320,014  
2    Ratification of the Selection of Deloitte as Independent Auditors      1,460,968,515        91,298,653        764,778        0  
3    Advisory Vote to Approve NEO Compensation      1,352,679,636        136,965,265        2,067,030        61,320,014  
4    Stockholder Proposal Requesting Changes to the Executive Compensation Program      63,702,064        1,414,674,878        13,334,990        61,320,014  
5    Stockholder Proposal on Workforce Discrimination Risk Oversight and Impact      9,187,020        1,474,497,271        8,027,640        61,320,014  
6    Stockholder Proposal on Pay Equity Disclosure      344,578,130        1,141,063,479        6,070,322        61,320,014  

 

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 29, 2024     By:  

/s/ Peter Crawford

      Peter Crawford
      Managing Director and Chief Financial Officer