other material
confidence high
sentiment neutral
materiality 0.40
Schwab stockholders approve 2022 Stock Incentive Plan; board declassification fails
SCHWAB CHARLES CORP
- 2022 Stock Incentive Plan approved with 1.56B votes for, 51.9M against.
- Proposal to declassify board failed (1.43B for, 182M against; required 80% outstanding).
- All 6 director nominees elected; vote tallies provided for each.
- Board proposal for proxy access approved; stockholder proxy access and lobbying disclosure proposals rejected.
- Deloitte & Touche ratified as auditor for 2022; advisory vote on executive compensation approved.