On April 2, 2021, The Charles Schwab Corporation filed a definitive proxy statement soliciting proxies and urged the shareholders to vote against a shareholder proposal, requesting the preparation of a report, updated annually, disclosing the Company’s direct and indirect lobbying activities and expenditures to assess whether its lobbying is consistent with its expressed goals and in the best interests of stockholders, submitted by Friends Fiduciary Corporation at the Company’s annual shareholders meeting scheduled to be held on May 13, 2021.