optionsXpress Holdings, Inc. – optionsXpress Announces Second Quarter Results (July 26th, 2011)For the second quarter, Retail DARTs were 32,200, 2% lower than the second quarter of 2010, and down 12% from the first quarter of 2011. Total net revenues decreased 10% from the second quarter of 2010 and were down 10% when compared to the first quarter of 2011. Resulting net income was $8.8 million, or $0.15 per diluted share, a 43% decrease from the $15.6 million reported in the second quarter of 2010.
optionsXpress Holdings, Inc. – optionsXpress Announces First Quarter Results (April 26th, 2011)For the first quarter, Retail DARTs were 36,500, 20% higher than the first quarter of 2010, and up 20% from the fourth quarter of 2010. Total net revenues increased 16% from the first quarter of 2010 and were up 19% when compared to the fourth quarter of 2010. Resulting net income was $14.2 million, or $0.25 per diluted share, a 20% increase from the $11.9 million reported in the first quarter of 2010.
optionsXpress Holdings, Inc. – VOTING AGREEMENT BY AND AMONG THE CHARLES SCHWAB CORPORATION, G-BAR LIMITED PARTNERSHIP, JG 2002 DELTA TRUST AND (SOLELY FOR PURPOSES OF SECTION 5.2 HEREOF) OPTIONSXPRESS HOLDINGS, INC. DATED AS OF MARCH 18, 2011 (March 21st, 2011)VOTING AGREEMENT, dated as of March 18, 2011 (this “Agreement”), by and among The Charles Schwab Corporation, a Delaware corporation (“Acquiror”), G-Bar Limited Partnership (“G-Bar”), JG 2002 Delta Trust (“Trust”) (each of G-Bar and Trust, a “Stockholder” and, collectively, the “Stockholders”) and, solely for the purposes of Section 5.2 hereof, optionsXpress Holdings, Inc., a Delaware corporation (the “Company”).
optionsXpress Holdings, Inc. – AGREEMENT AND PLAN OF MERGER BY AND AMONG THE CHARLES SCHWAB CORPORATION, NEON ACQUISITION CORP. AND OPTIONSXPRESS HOLDINGS, INC. DATED AS OF MARCH 18, 2011 (March 21st, 2011)This AGREEMENT AND PLAN OF MERGER, dated as of March 18, 2011 (as amended, supplemented or otherwise modified from time to time, this “Agreement”), is entered into by and among THE CHARLES SCHWAB CORPORATION, a Delaware corporation (“Acquiror”), NEON ACQUISITION CORP., a Delaware corporation and a wholly owned subsidiary of Acquiror (“Merger Sub”), and OPTIONSXPRESS HOLDINGS, INC., a Delaware corporation (the “Company”).
optionsXpress Holdings, Inc. – VOTING AGREEMENT BY AND AMONG THE CHARLES SCHWAB CORPORATION, G-BAR LIMITED PARTNERSHIP, JG 2002 DELTA TRUST AND (SOLELY FOR PURPOSES OF SECTION 5.2 HEREOF) OPTIONSXPRESS HOLDINGS, INC. DATED AS OF MARCH 18, 2011 (March 21st, 2011)VOTING AGREEMENT, dated as of March 18, 2011 (this “Agreement”), by and among The Charles Schwab Corporation, a Delaware corporation (“Acquiror”), G-Bar Limited Partnership (“G-Bar”), JG 2002 Delta Trust (“Trust”) (each of G-Bar and Trust, a “Stockholder” and, collectively, the “Stockholders”) and, solely for the purposes of Section 5.2 hereof, optionsXpress Holdings, Inc., a Delaware corporation (the “Company”).
optionsXpress Holdings, Inc. – News Release (March 21st, 2011)SAN FRANCISCO, March 21, 2011 — The Charles Schwab Corporation (NYSE: SCHW) and optionsXpress Holdings, Inc., (NASDAQ-GS:OXPS) today announced they have signed a definitive agreement under which Schwab will acquire optionsXpress. Under the terms of the agreement, optionsXpress stockholders will receive 1.02 shares of Schwab stock for each share of optionsXpress stock. Based on Schwab’s closing stock price as of March 18, 2011, the transaction values each optionsXpress share at $17.91, resulting in a total transaction value of approximately $1.0 billion. Both companies will initially retain their separate brand identities, while benefitting from significant synergies and capabilities across their complementary business lines. The deal is expected to close during the third quarter, subject to optionsXpress stockholder approval and regulatory approvals, along with customary closing conditions.
optionsXpress Holdings, Inc. – optionsXpress Announces Fourth Quarter and Full Year 2010 Results (January 27th, 2011)CHICAGO, IL, January 27, 2011 — optionsXpress Holdings, Inc. (NasdaqGS: OXPS) today reported results for the three months and full year ended December 31, 2010.
optionsXpress Holdings, Inc. – CREDIT AGREEMENT Dated as of November 22, 2010 among OPTIONSXPRESS HOLDINGS, INC. as the Borrower, CERTAIN DOMESTIC SUBSIDIARIES OF THE BORROWER, as the Guarantors, BANK OF AMERICA, N.A., as Administrative Agent, and THE OTHER LENDERS PARTY HERETO MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED, as Sole Lead Arranger and Sole Book Manager (November 29th, 2010)This CREDIT AGREEMENT is entered into as of November 22, 2010 among OPTIONSXPRESS HOLDINGS, INC., a Delaware corporation (the “Borrower”), the Guarantors (defined herein), the Lenders (defined herein) and BANK OF AMERICA, N.A., as Administrative Agent.
optionsXpress Holdings, Inc. – optionsXpress Announces Third Quarter 2010 Results (October 26th, 2010)CHICAGO, IL, October 26, 2010 — optionsXpress Holdings, Inc. (NasdaqGS: OXPS) today reported results for the three months ended September 30, 2010. Highlights from the third quarter 2010 included:
optionsXpress Holdings, Inc. – optionsXpress Announces Second Quarter 2010 Results (July 28th, 2010)CHICAGO, IL, July 27, 2010 — optionsXpress Holdings, Inc. (NasdaqGS: OXPS) today reported results for the three months ended June 30, 2010. Highlights from the second quarter 2010 included:
optionsXpress Holdings, Inc. – Re: Employment Letter Agreement (July 23rd, 2010)In keeping with our discussions, this letter agreement memorializes the terms of your employment with optionsXpress Holdings, Inc. (the “Company”).
optionsXpress Holdings, Inc. – optionsXpress Announces First Quarter 2010 Results (April 28th, 2010)CHICAGO, IL, April 27, 2010 — optionsXpress Holdings, Inc. (NasdaqGS: OXPS) today reported results for the three months ended March 31, 2010. Highlights from the first quarter 2010 included:
optionsXpress Holdings, Inc. – AMENDMENT TO OPTIONSXPRESS HOLDINGS, INC. 2005 EMPLOYEE STOCK PURCHASE PLAN (March 1st, 2010)THIS AMENDMENT TO THE OPTIONSXPRESS HOLDINGS, INC. 2005 EMPLOYEE STOCK PURCHASE PLAN (as amended and restated May 12, 2005) (this “Amendment”) is effective as of December 31, 2009.
optionsXpress Holdings, Inc. – optionsXpress Announces Fourth Quarter and Full Year 2009 Results (January 28th, 2010)CHICAGO, IL, January 28, 2010 – optionsXpress Holdings, Inc. (NasdaqGS: OXPS) today reported results for the three months and full year ended December 31, 2009.
optionsXpress Holdings, Inc. – Re: Separation Agreement (January 28th, 2010)In keeping with our discussions, this letter agreement memorializes the terms of your separation from optionsXpress Holdings, Inc. (the “Company”).
optionsXpress Holdings, Inc. – optionsXpress Announces Third Quarter 2009 Results (October 21st, 2009)CHICAGO, IL, October 20, 2009 — optionsXpress Holdings, Inc. (NasdaqGS: OXPS) today reported results for the three months ended September 30, 2009. Highlights from the third quarter 2009 included:
optionsXpress Holdings, Inc. – optionsXpress Announces Second Quarter 2009 Results (July 24th, 2009)CHICAGO, IL, July 24, 2009 – optionsXpress Holdings, Inc. (NasdaqGS: OXPS) today reported results for the three months ended June 30, 2009. Highlights from the second quarter 2009 included:
optionsXpress Holdings, Inc. – Notice of Grant of Stock Options and Option Agreement (June 9th, 2009)Effective GRANT DATE, you have been granted a(n) Non-Qualified Stock Option to buy XXX shares of optionsXpress Holdings, Inc. (the Company) stock at $XXX per share.
optionsXpress Holdings, Inc. – optionsXpress Announces First Quarter 2009 Results (April 29th, 2009)CHICAGO, IL, April 28, 2009 – optionsXpress Holdings, Inc. (NasdaqGS: OXPS) today reported results for the three months ended March 31, 2009. Highlights from the first quarter 2009 included:
optionsXpress Holdings, Inc. – March 9, 2009 (March 12th, 2009)In keeping with our discussions, this letter agreement memorializes the terms of your separation from optionsXpress Holdings, Inc. (the “Company”).
optionsXpress Holdings, Inc. – Re: Employment Letter Agreement (April 22nd, 2008)In keeping with our discussions, this letter agreement amends, restates and supersedes the letter agreement (the “Prior Agreement”) dated July 15, 2004 between you and optionsXpress Holdings, Inc. (the “Company”) and memorializes the terms of your employment with Company.
optionsXpress Holdings, Inc. – Re: Employment Letter Agreement (April 22nd, 2008)In keeping with our discussions, this letter agreement memorializes the terms of your employment with optionsXpress Holdings, Inc. (the “Company”).
optionsXpress Holdings, Inc. – Re: Amended and Restated Retention Letter Agreement (February 29th, 2008)In keeping with our discussions, this letter agreement memorializes the terms of your continued retention by optionsXpress Holdings, Inc. (the “Company”). This letter amends and restates that certain Retention Letter Agreement, dated as of January 5, 2005, which shall continue is full force and effect from the date hereof as amended hereby.
optionsXpress Holdings, Inc. – STOCK PURCHASE AGREEMENT (February 14th, 2008)THIS OPTIONSXPRESS HOLDINGS, INC. STOCK PURCHASE AGREEMENT (the “Agreement”) is made as of the 13th day of February, 2008, by and among Ned W. Bennett (“Seller”) and optionsXpress Holdings, Inc., a Delaware corporation (the “Purchaser”).
optionsXpress Holdings, Inc. – optionsXpress Announces Record Second Quarter 2005 Results (July 21st, 2005)CHICAGO, IL, July 21, 2005 – optionsXpress Holdings, Inc. (Nasdaq: OXPS) today reported record results for the three months ended June 30, 2005. Highlights of the second quarter include:
optionsXpress Holdings, Inc. – OPTIONSXPRESS HOLDINGS, INC. 2005 EMPLOYEE STOCK PURCHASE PLAN (as amended and restated May 12, 2005) (May 17th, 2005)
optionsXpress Holdings, Inc. – optionsXpress Announces First Quarter 2005 Results; Delivers Record Revenues, Earnings, DARTs, and New Accounts (April 21st, 2005)CHICAGO, IL, April 21, 2005 – optionsXpress Holdings, Inc. (Nasdaq: OXPS) today reported record results for the three months ended March 31, 2005. Highlights of the first quarter include:
optionsXpress Holdings, Inc. – EMPLOYEE OPTION GRANT AGREEMENT (February 9th, 2005)THIS OPTION GRANT AGREEMENT (this “Agreement”), dated as of (the “Grant Date”), is entered into between optionsXpress Holdings, Inc., a Delaware corporation (the “Company”), and (the “Participant”).
optionsXpress Holdings, Inc. – AMENDED AND RESTATED RESTRICTED STOCK AGREEMENT (January 7th, 2005)Exhibit 10.4 AMENDED AND RESTATED RESTRICTED STOCK AGREEMENT THIS AMENDED AND RESTATED RESTRICTED STOCK AGREEMENT (this "AGREEMENT"), dated as of January 15, 2004, is entered into by and among optionsXpress, Inc., a Delaware corporation (the "CORPORATION"), James Gray, as trustee of the AVRUM GRAY DELTA TRUST FOR JIM U/A/D JUNE 7, 2002 (the "TRUST"), and James Gray individually ("EXECUTIVE"). WHEREAS, Executive and the Corporation are parties to that certain Restricted Stock Agreement dated as of November 13, 2000 (the "PRIOR AGREEMENT"); WHEREAS, as permitted by the terms of the Prior Agreement, on or about June 10, 2002, Executive transferred 700,000 shares (the "SHARES") of common stock ("COMMON STOCK") of the Corporation to the Trust; WHEREAS, the Shares are subject to certain contractual restrictions set forth in the Prior Agreement; WHEREAS,
optionsXpress Holdings, Inc. – FORM OF INDEMNIFICATION AGREEMENT (January 7th, 2005)Exhibit 10.17 FORM OF INDEMNIFICATION AGREEMENT THIS INDEMNIFICATION AGREEMENT (this "Agreement") is entered into as of the 15th day of January, 2004, by and between optionsXpress, Inc., a Delaware corporation (the "Company") and DIRECTOR ("Indemnitee"). RECITALS A. The Company is aware that competent and experienced persons are increasingly reluctant to serve or continue serving as directors or officers of companies unless they are protected by comprehensive liability insurance and adequate indemnification due to the increased exposure to litigation costs and risks resulting from service to such companies that often bear no relationship to the compensation of such directors or officers. B. The statutes and judicial decisions regarding the duties of directors and officers often fail to provide directors and officers with adequate, relia
optionsXpress Holdings, Inc. – STOCKHOLDERS AGREEMENT (January 7th, 2005)Exhibit 10.2 OPTIONSXPRESS, INC. STOCKHOLDERS AGREEMENT THIS STOCKHOLDERS AGREEMENT (this "AGREEMENT") is made and entered into as of January 15, 2004 by and among optionsXpress, Inc., a Delaware corporation (the "COMPANY"), each of the Persons listed on the SCHEDULE OF INVESTORS attached hereto (each, an "INVESTOR" and collectively, the "INVESTORS") and each of the Persons listed on the SCHEDULE OF OTHER STOCKHOLDERS attached hereto (each, an "OTHER STOCKHOLDER" and collectively, the "OTHER STOCKHOLDERS"). The Investors and the Other Stockholders are collectively referred to herein as the "STOCKHOLDERS" and individually as a "STOCKHOLDER." Except as otherwise provided herein, capitalized terms used herein are defined in paragraph 8 hereof. WHEREAS, the Investors shall purchase shares of the Company's Series A Convertible Preferred Sto
optionsXpress Holdings, Inc. – 2005 EQUITY INCENTIVE PLAN (January 7th, 2005)EXHIBIT 10.10 OPTIONSXPRESS HOLDINGS, INC. 2005 EQUITY INCENTIVE PLAN 1. PURPOSE. This plan shall be known as the optionsXpress Holdings, Inc. 2005 Equity Incentive Plan (the "Plan"). The purpose of the Plan shall be to promote the long-term growth and profitability of optionsXpress Holdings, Inc. (the "Company") and its Subsidiaries by (i) providing certain directors, officers and employees of, and certain other individuals who perform services for, or to whom an offer of employment has been extended by, the Company and its Subsidiaries with incentives to maximize stockholder value and otherwise contribute to the success of the Company and (ii) enabling the Company to attract, retain and reward the best available persons for positions of responsibility. Grants of incentive or non-qualified stock options, restricted stock, performance awards or any combina
optionsXpress Holdings, Inc. – Re: Employment Letter Agreement (January 7th, 2005)Exhibit 10.14 January 15, 2004 Mr. Ned W. Bennett 200 Granada Avenue El Paso, Texas 79912 Re: Employment Letter Agreement --------------------------- Dear Ned: In keeping with our discussions, this letter agreement memorializes the terms of your continued employment with optionsXpress, Inc. (the "Company"). 1. TITLES AND DUTIES. Your title will be Chief Executive Officer, and you will report directly to the Board of Directors of the Company (the "Board"). As such, you will be responsible for performing such duties and responsibilities as are customarily assigned to such position, and to perform such other services as assigned from time to time by the Board, not inconsistent with your position. You will be expected to devote your full business time and attention to the business of the Company and the performance of your duties.
optionsXpress Holdings, Inc. – Re: Employment Letter Agreement (January 7th, 2005)Exhibit 10.15 July 15, 2004 Mr. David Fisher c/o optionsXpress Holdings, Inc. 39 S. LaSalle St., Suite 220 Chicago, Illinois 60603 Re: Employment Letter Agreement --------------------------- Dear David: In keeping with our discussions, this letter agreement memorializes the terms of your employment with optionsXpress Holdings, Inc. (the "Company"). 1. TITLES AND DUTIES. Your title will be Chief Financial Officer, and you will report to the Chairman and the Chief Executive Officer of the Company. As such, you will be responsible for performing such duties and responsibilities as are customarily assigned to such position, and to perform such other services as assigned from time to time by the Chairman and/or the Chief Executive Officer, not inconsistent with your position. You will be expected to devote your full business time and attention t
optionsXpress Holdings, Inc. – Re: RETENTION LETTER AGREEMENT (January 7th, 2005)EXHIBIT 10.12 January 5, 2005 Mr. James Gray 769 Greenwood Avenue Glencoe, Illinois 60022 Re: RETENTION LETTER AGREEMENT Dear Jim: In keeping with our discussions, this letter agreement memorializes the terms of your continued retention by optionsXpress Holdings, Inc. (the "Company"). 1. TITLES AND DUTIES. Your title will be Chairman of the Board, and you will report directly to the Board of Directors of the Company (the "Board"). As such, you will be responsible for performing such duties and responsibilities as are customarily assigned to such position, and to perform such other services as assigned from time to time by the Board, not inconsistent with your position. You will be expected to devote such business time and attention to the business of the Company as you deem appropriate for your position as Chairman of the Board and acting as such in a non-executive cap
