C. Kevin Landry Resigns from Ameritrade Board of Directors; Silver Lake Partners to Designate Replacement.OMAHA Omaha, city, United States Omaha (ō`məhä, –hô), city (1990 pop. 335,795), seat of Douglas co., E Nebr., on the west bank of the Missouri River; inc. 1857. , Neb. -- Ameritrade Holding Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :AMTD AMTD Arithmetic Mean Temperature Difference AMTD Automatic Magnetic Tape Distribution AMTD Affordability and Manufacturing Technology Demonstration ) today announced that C. Kevin Landry, chief executive officer of TA Associates, Inc., has submitted his letter of resignation, effective immediately, to the Company's Board of Directors, citing professional commitments, including near term fundraising efforts for his firm. Landry has served on the Ameritrade Board of Directors since the Company's acquisition of Datek Online Holdings in September 2002. In his time on the Board, Landry has helped guide the Company's growth through a merger and acquisition strategy that has resulted in five completed transactions. He also served on the Board's audit committee. Under the Stockholders Agreement entered into in connection with the September 2002 Datek merger, the remaining Datek Director, Glenn Hutchins, who is a managing director of Silver Lake Partners Silver Lake Partners is a notable American private equity firm founded in 1999 and headquartered on Sand Hill Road in Menlo Park, California. It focuses its activities in the information technology industry. , has the right to designate des·ig·nate tr.v. des·ig·nat·ed, des·ig·nat·ing, des·ig·nates 1. To indicate or specify; point out. 2. To give a name or title to; characterize. 3. a director to replace Kevin Landry. Mr. Hutchins has submitted a designee des·ig·nee n. A person who has been designated. , which will be reviewed shortly by the Company's Board. About Ameritrade Holding Corporation For 30 years, Ameritrade Holding Corporation has provided investment services to self-directed individuals through its brokerage subsidiaries. Ameritrade develops and provides innovative products and services tailored to meet the varying investing and portfolio management needs of individual investors and institutional distribution partners. A brokerage industry leader, Ameritrade, Inc.,(1) a subsidiary of Ameritrade Holding Corporation, recently received a four-star rating in the 2005 Barron's Review of Online Brokers for its Apex active trader program. For more information, please visit www.amtd.com. (1) Ameritrade, Inc., member NASD/SIPC |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion