TD Ameritrade Shareholders Approve Say-On-Pay Proposal On Executive Compensation

Date : 02/14/2012 @ 11:23AM
Source : Dow Jones News
Stock : TD Ameritrade Holding Corp. (MM) (AMTD)
Quote : 46.65  -0.32 (-0.68%) @ 12:25PM

TD Ameritrade Shareholders Approve Say-On-Pay Proposal On Executive Compensation

TD AmeriTrade Holding Corp. (NASDAQ:AMTD)
Historical Stock Chart

5 Years : From Jul 2012 to Jul 2017

Click Here for more TD AmeriTrade Holding Corp. Charts.

TD Ameritrade Holding Corp. (AMTD) shareholders, on an advisory basis, approved compensation for executives of the online brokerage including Chief Executive Fred Tomczyk.

At the company's annual stockholders meeting in Omaha, Neb., a majority of its shareholders voted in favor of the proposal, commonly referred to as a say-on-pay measure.

Tomczyk, who has led TD Ameritrade since late 2008, was awarded roughly $6 million in compensation for fiscal 2011, essentially flat with his payout the prior year.

TD Ameritrade stockholders also re-elected four members to the company's board including Tomczyk and Toronto-Dominion Bank (TD.T, TD) Chief Executive Edmund Clark. TD Bank is the largest shareholder of TD Ameritrade, owning 45% of its shares outstanding.

Additionally, shareholders ratified the appointment of Ernst & Young LLP as TD Ameritrade's independent registered public accounting firm for fiscal 2012.

Shares of TD Ameritrade recently traded down 0.5% at $17.21. The stock has climbed 10% year-to-date.

-By Brett Philbin, Dow Jones Newswires; 212-416-2173; brett.philbin@dowjones.com

Latest AMTD Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....


No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts


Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.


NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.