optionsXpress Holdings Inc. (OXPS)

[Stock]

4:30PM OptionsXpress announces CEO, David Kalt to step down (OXPS) 23.57 +0.46 : Co announces that David Kalt has elected to step down as CEO effective September 30, 2007. Upon Mr. Kalt's departure David Fisher, currently President of optionsXpress, will assume the role of CEO and Mr. Kalt's seat on the Board of Directors. Mr. Kalt, along with Chairman of the Board James Gray and Executive Vice Chairman Ned Bennett, founded optionsXpress in 2000. James Gray will remain non-executive Chairman and Ned Bennett will continue to play a significant role in setting the Co's strategic direction while remaining Executive Vice Chairman. Mr. Bennett will also remain CEO of optionsXpress, the Co's broker-dealer subsidiary. After Mr. Kalt transitions out of his day-to-day role, he expects to pursue other, earlier-stage entrepreneurial business opportunities, while remaining one of the Co's largest shareholders.