Schwab shareholders reject board declassification despite 80% voting support

Filed May 22, 2026 · Period ending May 21, 2026 · ~1 min read

Key Changes

• medium

  Proposal to declassify Schwab's board failed to meet 80% supermajority threshold required by charter, despite strong shareholder support. Board will remain staggered with directors serving multi-year terms rather than annual elections.

  Item 5.07 verify on EDGAR →
• low

  All four director nominees elected to board: Marianne Brown, Frank Herringer, Richard Wurster, and Carolyn Schwab-Pomerantz. Each received majority shareholder approval.

  Item 5.07 verify on EDGAR →
• low

  Shareholders approved executive compensation with 1.33 billion votes in favor in non-binding say-on-pay vote, indicating support for current pay practices.

  Item 5.07 verify on EDGAR →