Schwab Files DEFA14A, Cites Soliciting Material

TL;DR

Schwab filed a DEFA14A, looks like they're sending out soliciting material. Keep an eye on it.

AI Summary

The Charles Schwab Corporation filed a DEFA14A form on May 16, 2024, indicating a report date of May 16, 2024. This filing is related to soliciting material under Rule 14a-12 of the Exchange Act. The company's principal executive offices are located at 3000 Schwab Way, Westlake, Texas.

Why It Matters

This filing provides important information for shareholders regarding soliciting materials, which could influence voting decisions or corporate actions.

Risk Assessment

Risk Level: low — This filing is a routine disclosure and does not appear to contain immediate financial risks or significant new information.

Key Players & Entities

• SCHWAB CHARLES CORP (company) — Filer
• 3000 SCHWAB WAY (company) — Business Address
• WESTLAKE (company) — Business Address City
• TX (company) — Business Address State
• 76262 (company) — Business Address Zip
• 817-859-5000 (company) — Business Phone
• May 16, 2024 (date) — Report Date
• Rule 14a-12 (regulation) — Soliciting Material Provision

FAQ

Key Financial Figures

• $8.52 — unts, 1.8 million banking accounts, and $8.52 trillion in client assets. Through its

Filing Documents

• d832948ddefa14a.htm (DEFA14A) — 35KB
• g832948g0514144856149.jpg (GRAPHIC) — 5KB
• 0001193125-24-140552.txt ( ) — 43KB

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description of Exhibit 99.1 Press Release of The Charles Schwab Corporation dated May 16, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: May 16, 2024 THE CHARLES SCHWAB CORPORATION /s/ Peter J. Morgan III Peter J. Morgan III Managing Director, General Counsel and Corporate Secretary Exhibit 99.1 News Release Contacts: MEDIA: Mayura Hooper Charles Schwab Phone: 415-667-1525 INVESTORS/ANALYSTS: Jeff Edwards Charles Schwab Phone: 415-667-1524 SCHWAB ANNOUNCES EXECUTIVE TRANSITIONS WESTLAKE, Texas, May 16, 2024 The Charles Schwab Corporation today announced several executive transitions as part of the firms long-term succession planning strategy. Peter Crawford, after a distinguished 22-year career with the firm, including serving as Chief Financial Officer since 2017, has decided to retire from Schwab following a planned transition period. Crawford will be succeeded by Mike Verdeschi who will join the firm on May 20 as a Managing Director and Deputy Chief Financial Officer. The firm expects to appoint Verdeschi as Chief Financial Officer (CFO) following the transition period with Crawford. Effective June 28, 2024, Joe Martinetto will transition from his role as Chief Operating Officer to assume the role of Executive Chairperson of the Schwab Banks. Martinetto has served the firm, employees, and clients in multiple roles over the past 25-plus years, including roles as CFO and Treasurer. Most recently, he has successfully overseen the integration and conversion of former Ameritrade clients to Schwab the largest integration in the history of the investment brokerage industry. Martinettos role will not be replaced

Forward-Looking Statements

Forward-Looking Statements This press release contains forward-looking statements, which reflect managements expectations as of the date hereof. Achievement of these expectations and objectives is subject to risks and uncertainties that could cause actual results to differ materially. Important factors that may cause such differences are described in the companys most recent reports on Form 10-K and Form 10-Q, which have been filed with the Securities and Exchange Commission and are available on the companys website (https://www.aboutschwab.com/financial-reports) and on the Securities and Exchange Commissions website (https://www.sec.gov). The company makes no commitment to update any forward-looking statements. About Charles Schwab The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of financial services, with 34.8 million active brokerage accounts, 5.2 million workplace plan participant accounts, 1.8 million banking accounts, and $8.52 trillion in client assets. Through its operating subsidiaries, the company provides a full range of wealth management, securities brokerage, banking, asset management, custody, and financial advisory services to individual investors and independent investment advisors. Its broker-dealer subsidiaries, Charles Schwab & Co., Inc., TD Ameritrade, Inc., and TD Ameritrade Clearing, Inc., (members SIPC, https://www.sipc.org ), and their affiliates offer a complete range of investment services and products including an extensive selection of mutual funds; financial planning and investment advice; retirement plan and equity compensation plan services; referrals to independent, fee-based investment advisors; and custodial, operational and trading support for independent, fee-based investment advisors through Schwab Advisor Services. Its primary banking subsidiary, Charles Schwab Bank, SSB (member FDIC and an Equal Housing Lender), provides banking and lending services and products. More information is available at https://

View Full Filing

View this DEFA14A filing on SEC EDGAR