TD Ameritrade Shareholders Approve Say-On-Pay Proposal On Executive Compensation
February 14 2012 - 11:23AM
Dow Jones News
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
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