TD Ameritrade CEO to Diversify Holdings
OMAHA, Neb.--(BUSINESS WIRE)-- TD Ameritrade Holding Corporation (NYS: AMTD) announced today that Fred Tomczyk, president and chief executive officer, intends to sell up to 200,000 shares of the company's common stock, approximately 8 percent of his 2.5 million shares. Following the transaction, which has been approved by the company's Board of Directors Compensation Committee, he will continue to exceed the company's share ownership guidelines, which are set at 10-times his base salary.
The shares will be sold between now and Mar. 15, 2013. Mr. Tomczyk plans to use the proceeds to fulfill diversification and liquidity needs within his portfolio and to satisfy charitable commitments.
For the latest news and information about TD Ameritrade, follow the Company on Twitter, @TDAmeritradePR.
About TD Ameritrade Holding Corporation
Millions of investors and independent registered investment advisors (RIAs) have turned to TD Ameritrade's (NYS: 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 37 years. TD Ameritrade has time and again been recognized as a leader in investment services. Please visit TD Ameritrade's newsroom or www.amtd.com for more information.
TD Ameritrade Holding Corporation
Kim Hillyer, 402-574-6523
Director, Communications & Public Affairs
Jeff Goeser, 402-597-8464
Director, Investor Relations & Finance
KEYWORDS: United States North America Nebraska
The article TD Ameritrade CEO to Diversify Holdings originally appeared on Fool.com.Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.