TD Ameritrade CEO signs new contract

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Posted: Saturday, August 3, 2013 12:00 am

TD Ameritrade said in a regulatory filing that Chief Executive Fred Tomczyk has signed a new contract worth $900,000 a year in salary and $5.6 million a year in cash and stock if company performance goals are met.

The Omaha-based online stock brokerage said in a filing with the Securities and Exchange Commission Thursday that the contract takes effect Oct. 1 and runs through September 2017. It replaces the five-year agreement set to run out in September that Tomczyk signed when he became CEO in 2008.

Tomczyk's 2012 pay package totaled $6.5 million, including base salary of $700,000, and stock and incentive awards of $5.8 million, Reuters reported. He was also granted $4.8 million worth of restricted future stock for his fiscal 2012 performance, Reuters said.

TD Ameritrade employs about 2,000 people in the metro area. Shares have risen about 88 percent in the past year.

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