This Day On The Street
Continue to site right-arrow
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

TD Ameritrade Extends Stockholders Agreement With TD Bank Group

Stocks in this article: AMTD TD

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

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,356.87 +288.00 1.69%
S&P 500 2,012.89 +40.15 2.04%
NASDAQ 4,644.3120 +96.4780 2.12%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs