SEC Info - Charles Schwab Corp. - ‘8-K’ for 5/18/23

Charles Schwab Corp. – ‘8-K’ for 5/18/23

On: Monday, 5/22/23, at 4:01pm ET · For: 5/18/23 · Accession #: 1193125-23-150444 · File #: 1-09700

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Current Report — Form 8-K

Filing Table of Contents

‘8-K’ — Current Report

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Dates Referenced Herein and Documents Incorporated by Reference

5 Subsequent Filings that Reference this Filing

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM i 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): i May 18, 2023

The Charles Schwab Corporation

(Exact name of registrant as specified in its charter)

i Delaware

i 1-9700

i 94-3025021

(State or other jurisdiction

of incorporation)

(Commission

File Number)

(IRS. Employer

Identification No.)


i 3000 Schwab Way
i Westlake, i Texas		i 76262
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: i (817) i 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:

i ☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

i ☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

i ☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

i ☐

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
i Common Stock - $.01 par value per share	i SCHW	i New York Stock Exchange
i Depositary Shares, each representing a 1/40th ownership interest in a share of 5.95% Non-Cumulative Preferred Stock, Series D	i SCHW PrD	i 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	i SCHW PrJ	i 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 i ☐

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 2023 Annual Meeting of Stockholders of The Charles Schwab Corporation (“CSC”) was held on May 18, 2023.

(b)

All nominees for directors were elected, and each nominee received more “for” votes than “against” votes cast for his or her election. The proposal to ratify the selection of Deloitte & Touche LLP as CSC’s independent auditors for the 2023 fiscal year was approved. The advisory vote on named executive officer (“NEO”) compensation was approved. The advisory vote on the frequency of approval of named executive officer compensation was approved as one year. The stockholder proposal requesting pay equity disclosure was not approved. The stockholder proposal requesting disclosure of discrimination risk oversight and impact was not approved. The final voting results were as follows:


		For		Against		Abstain		Broker Non-Vote
1	Election of Directors
	(a) Marianne C. Brown		1,391,923,049		77,744,557		10,504,388		65,171,953
	(b) Frank C. Herringer		1,187,522,013		276,652,237		15,997,744		65,171,953
	(c) Gerri K. Martin-Flickinger		1,398,255,689		71,370,592		10,545,713		65,171,953
	(d) Todd M. Ricketts		1,397,658,822		71,906,569		10,606,603		65,171,953
	(e) Carolyn Schwab-Pomerantz		1,386,051,905		78,347,621		15,772,468		65,171,953
2	Ratification of the selection of Deloitte & Touche LLP as independent auditors		1,466,597,288		77,187,153		1,559,506		0
3	Advisory vote to approve named executive officer (NEO) compensation		1,358,945,646		118,735,604		2,490,744		65,171,953


		One Year		Two Years		Three Years		Abstain		Broker Non-Vote
4	Frequency of advisory vote on NEO compensation		1,463,499,865		3,414,694		11,453,065		1,804,370		65,171,953


		For		Against		Abstain		Broker Non-Vote
5	Stockholder Proposal on Pay Equity Disclosure		361,505,475		1,101,320,605		17,345,914		65,171,953
6	Stockholder Proposal on Discrimination Risk Oversight and Impact		14,281,846		1,454,343,901		11,546,247		65,171,953

(d)

CSC has decided, in light of the vote of stockholders, to include a stockholder vote on the compensation of NEOs in its proxy materials annually until the next required vote on the frequency of stockholder votes on the compensation of NEOs (which would be at CSC’s 2029 Annual Meeting of Stockholders unless presented earlier).

Signature(s)

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.

This ‘8-K’ Filing	Date	Other Filings

Filed on:	5/22/23	144
For Period end:	5/18/23	FWP
		List all Filings

THE CHARLES SCHWAB CORPORATION

Date: May 22, 2023

/s/ Peter Crawford

Peter Crawford

Managing Director and Chief Financial Officer