This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

TD Ameritrade Extends Stockholders Agreement With TD Bank Group

TD Ameritrade Holding Corporation (NYSE:AMTD) today announced a further amendment to its existing Stockholders Agreement (“Agreement”) with TD Bank Group (NYSE and TSX:TD) (“TD”) and the Ricketts Family dated June 22, 2005, as amended. This amendment extends the term of the Agreement from Jan. 24, 2016 to Jan. 24, 2021.

TD has also advised TD Ameritrade that, subject to market conditions, it plans to sell approximately 5.5 million TD Ameritrade shares that it currently holds. This will allow TD Ameritrade additional flexibility on possible future share repurchases. TD's voting power will remain limited to 45 percent of the outstanding shares.

The Ricketts Family’s participation as a party to the Agreement will end at the original termination date of Jan. 24, 2016. After that date, the composition of the 12-member TD Ameritrade board of directors will include five directors designated by TD, the CEO of TD Ameritrade, and six (non-affiliated) independent directors.

TD Ameritrade and TD also agreed to implement mutual informational access and operational protocols to assist each other with their respective regulatory compliance obligations.

TD Ameritrade’s outside independent directors committee unanimously approved the amendment to the Agreement.

“Our outside independent directors committee worked to amend our current Stockholders Agreement in order to provide certainty, not just for the parties to the Agreement, but for all TD Ameritrade stockholders. We were pleased to see those efforts come together in such a beneficial way,” said Fred Tomczyk, chief executive officer, TD Ameritrade. “While we are an independent company, we have had a good relationship with TD for many years, and that relationship has worked for the benefit of both companies. This Agreement helps to extend that relationship.”

TD Ameritrade has filed a current report on Form 8-K, which includes a copy of the amendment to the Agreement. The filing can be found by visiting the Financials & reports section of the company’s corporate web site,, and selecting “SEC filings”.

About TD Ameritrade Holding Corporation

Millions of investors and independent registered investment advisors (RIAs) have turned to TD Ameritrade’s (NYSE:AMTD) technology, people and education to help make investing and trading easier to understand and do. Online or over the phone. In a branch or with an independent RIA. First-timer or sophisticated trader. Our clients want to take control, and we help them decide how - bringing Wall Street to Main Street for more than 38 years. An official sponsor of the 2014 and 2016 U.S. Olympic and Paralympic Teams, TD Ameritrade has time and again been recognized as a leader in investment services. Please visit TD Ameritrade's newsroom or for more information.

Brokerage services provided by TD Ameritrade, Inc., member FINRA ( /SIPC ( /NFA (

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%
TSLA $240.76 0.00%
YHOO $36.60 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs