E*TRADE (ETFC) Shareholders Approve Increase in Outstanding Shares from 600M to 1.2B

May 16, 2008 12:10 PM EDT

At E*TRADE's (Nasdaq: ETFC) Annual Shareholder Meeting today, shareholders approved an increase in the number of authorized shares of common stock from 600 million to 1.2 billion.

Additionally, shareholders approved the election of four new members of the Board of Directors.

E*TRADE Financial Corporation, through its subsidiaries, offers financial solutions to retail and institutional customers worldwide.


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