Schwab Corp. Files 8-K: Agreements, Officer Changes
Ticker: SCHW-PJ · Form: 8-K · Filed: Feb 12, 2025 · CIK: 316709
Sentiment: neutral
Topics: material-agreement, officer-changes, director-changes
Related Tickers: SCHW
TL;DR
Schwab filed an 8-K detailing new agreements, terminations, and executive/director changes.
AI Summary
On February 10, 2025, The Charles Schwab Corporation entered into a material definitive agreement and also terminated a material definitive agreement. The company also reported on the departure of directors or certain officers, the election of directors, the appointment of certain officers, and compensatory arrangements of certain officers. The filing also includes other events and financial statements and exhibits.
Why It Matters
This 8-K filing indicates significant corporate actions at Charles Schwab, including changes in agreements and personnel, which could impact the company's operations and strategic direction.
Risk Assessment
Risk Level: medium — The filing covers multiple significant corporate events including material agreements and officer changes, which inherently carry some level of risk and uncertainty.
Key Players & Entities
- SCHWAB CHARLES CORP (company) — Registrant
- February 10, 2025 (date) — Earliest event reported
- February 12, 2025 (date) — Date of report
FAQ
What specific material definitive agreements were entered into by The Charles Schwab Corporation on February 10, 2025?
The filing states that a material definitive agreement was entered into, but does not provide specific details about the agreement itself within the provided text.
What specific material definitive agreements were terminated by The Charles Schwab Corporation on February 10, 2025?
The filing indicates the termination of a material definitive agreement, but does not specify which agreement was terminated in the provided text.
Were there any changes in directors or officers reported in this 8-K filing?
Yes, the filing reports on the departure of directors or certain officers, the election of directors, the appointment of certain officers, and compensatory arrangements of certain officers.
What is the Commission File Number for The Charles Schwab Corporation?
The Commission File Number for The Charles Schwab Corporation is 1-9700.
What is the date of the earliest event reported in this 8-K filing?
The date of the earliest event reported in this 8-K filing is February 10, 2025.
Filing Stats: 1,290 words · 5 min read · ~4 pages · Grade level 10.9 · Accepted 2025-02-12 16:54:11
Key Financial Figures
- $0.01 — he "shares") of common stock, par value $0.01 per share (the "common stock") of The C
- $79.25 — poration (the "Company"), at a price of $79.25 per share. The Company did not receive
- $1.5 billion — the Company completed its repurchase of $1.5 billion of its nonvoting common stock directly
- $13.1 billion — re, for an aggregate purchase amount of $13.1 billion. Following the completion of the second
Filing Documents
- d927847d8k.htm (8-K) — 39KB
- d927847dex11.htm (EX-1.1) — 196KB
- d927847dex51.htm (EX-5.1) — 8KB
- d927847dex101.htm (EX-10.1) — 17KB
- d927847dex991.htm (EX-99.1) — 8KB
- d927847dex992.htm (EX-99.2) — 8KB
- 0001193125-25-025166.txt ( ) — 497KB
- schw-20250210.xsd (EX-101.SCH) — 4KB
- schw-20250210_def.xml (EX-101.DEF) — 13KB
- schw-20250210_lab.xml (EX-101.LAB) — 22KB
- schw-20250210_pre.xml (EX-101.PRE) — 14KB
- d927847d8k_htm.xml (XML) — 7KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits 1.1 Underwriting Agreement, dated February 10, 2025, among The Charles Schwab Corporation, TD Group US Holdings LLC and TD Securities (USA) LLC and Goldman Sachs & Co. LLC, as representatives of the several underwriters named therein. 5.1 Opinion Letter of Wachtell, Lipton, Rosen & Katz regarding the validity of the shares. 10.1 Repurchase Agreement, dated February 9, 2025, between The Charles Schwab Corporation and TD Group US Holdings LLC. 23.1 Consent of Wachtell, Lipton, Rosen & Katz (included as part of Exhibit 5.1). 99.1 Pricing Press Release dated February 11, 2025 99.2 Closing Press Release dated February 12, 2025 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) -2-
SIGNATURES
SIGNATURES 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 (Registrant) Date: February 12, 2025 By /s/ Michael Verdeschi Michael Verdeschi Managing Director and Chief Financial Officer -3-