8-K
filed May 22, 2026, 4:30 PM ET
ticker SCHW
CIK 0000316709
other material
confidence high
sentiment neutral
materiality 0.15
Charles Schwab annual meeting: board declassification proposal fails
SCHWAB CHARLES CORP
- All four director nominees elected; Marianne C. Brown received 1.41B for, 29.4M against.
- Ratification of Deloitte & Touche as independent auditor approved: 1.43B for, 94.1M against.
- Advisory vote on executive compensation passed: 1.33B for, 103.0M against.
- Proposal to declassify board failed (needed 80% of outstanding shares); 1.32B for, 114.9M against not enough.
Key facts
Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
SCHWAB CHARLES CORP shareholders approved Election of Directors at the 2026-05-21 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2026-05-21
Exact text from the filing
All nominees for director were elected, and each nominee received more "for" votes than "against" votes cast for the nominee’s election.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
SCHWAB CHARLES CORP shareholders rejected Approval of Amendments to Certificate of Incorporation and Bylaws to Declassify the Board of Directors at the 2026-05-21 meeting.
- Proposal
- charter amendment
- Outcome
- failed
- Meeting
- 2026-05-21
Exact text from the filing
The proposal to amend CSC’s Fifth Restated Certificate of Incorporation, as amended (the “Certificate of Incorporation”), and to make conforming amendments to CSC’s Amended and Restated Bylaws (the “Bylaws”) to declassify the Board, which required the affirmative vote of 80% of all outstanding shares of CSC’s common stock, was not approved.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
SCHWAB CHARLES CORP shareholders approved Ratification of the Selection of Deloitte as Independent Auditors at the 2026-05-21 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2026-05-21
Exact text from the filing
The proposal to ratify the selection of Deloitte & Touche LLP ("Deloitte") as CSC’s independent auditors for the 2026 fiscal year was approved.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
SCHWAB CHARLES CORP shareholders approved Advisory Vote to Approve NEO Compensation at the 2026-05-21 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2026-05-21
Exact text from the filing
The advisory vote on named executive officer ("NEO") compensation was approved.
View on SEC.gov
This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice.
See methodology for how this pipeline works.