On July 22, 2019, Tim Hockey and the Board of Directors of the TD Ameritrade Holding Corporation agreed that Mr. Hockey will step down as President, Chief Executive Offer and director, effective upon the date his successor commences employment, but in no event later than February 29, 2020. Until his successor commences employment, Mr. Hockey will continue to serve as the President, Chief Executive Officer and a director of the Company, and Mr. Hockey will serve as a senior advisor to the Company and will act as a special advisor to the incoming President and Chief Executive Officer through February 29, 2020 if a successor commences employment before that date.

The company has declared a $0.30 per share quarterly cash dividend, payable on August 20, 2019 to all holders of record of common stock as of August 6, 2019.