secwatch.observer — SEC 8-K summary
======================================

Issuer:     SCHWAB CHARLES CORP (SCHW)
CIK:        0000316709
Form:       8-K
Filed at:   2022-10-28T23:59:59+00:00
Accession:  0001193125-22-271662
Event type: leadership
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Charles Schwab appoints Carolyn 'Carrie' Schwab-Pomerantz to Board of Directors
-------------------------------------------------------------------------------

- Board expanded from 17 to 18 directors; Schwab-Pomerantz elected effective Oct 26, 2022.
- She is daughter of founder Chuck Schwab, 39-year employee, currently Managing Director of Consumer Education.
- 2021 total compensation ~$915k including 3,451 RSUs; no extra board pay while management.
- Will serve on Risk Committee; term expires at 2023 annual meeting.
- Plans to retire from executive role and foundation chair by mid-2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/316709/000119312522271662/0001193125-22-271662-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/316709/000119312522271662/d159542d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-271662

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer