[8-K] BANK OF AMERICA CORP /DE/ Reports Material Event
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Bank of America Corporation held its 2026 Annual Meeting of Shareholders on May 4, 2026. Shareholders elected all nominated directors, each receiving over 4.98 billion votes in favor, with additional votes recorded against, abstaining, and as broker non-votes.
Investors approved the advisory Say on Pay resolution on executive compensation, with about 5.06 billion votes for and 249.9 million against, and ratified PricewaterhouseCoopers LLP as independent registered public accounting firm for 2026 with approximately 5.68 billion votes for. Two shareholder proposals—one seeking an independent board chair and another requesting a report on board oversight of animal welfare risks—did not receive shareholder approval.
Positive
- None.
Negative
- None.
8-K Event Classification
Item 5.07 — Submission of Matters to a Vote of Security Holders
1 item
Item 5.07
Submission of Matters to a Vote of Security Holders
Governance
Results of a shareholder vote on proposals at an annual or special meeting.
Key Figures
Say on Pay for votes: 5,057,118,573 votes
Say on Pay against votes: 249,905,462 votes
Auditor ratification for votes: 5,683,414,422 votes
+4 more
7 metrics
Say on Pay for votes
5,057,118,573 votes
Advisory executive compensation approval
Say on Pay against votes
249,905,462 votes
Advisory executive compensation opposition
Auditor ratification for votes
5,683,414,422 votes
Ratification of PwC for 2026
Independent chair proposal for
1,718,928,496 votes
Shareholder proposal for independent board chair
Independent chair proposal against
3,561,557,167 votes
Shareholder proposal for independent board chair
Animal welfare proposal for
341,464,001 votes
Shareholder proposal on animal welfare risk oversight
Animal welfare proposal against
4,941,586,372 votes
Shareholder proposal on animal welfare risk oversight
Key Terms
Say on Pay, independent registered public accounting firm, broker non-votes, shareholder proposal, +1 more
5 terms
Say on Pay financial
"Approving the Corporation’s executive compensation (an advisory, non-binding “Say on Pay” resolution)"
Say on pay is a shareholder vote—typically nonbinding—on a company’s executive compensation package, allowing investors to approve or reject how top managers are paid. Think of it as a public performance review: widespread disapproval can signal poor governance, prompt changes to pay practices, attract activist investors, and influence investor confidence and share value. It matters because it gives owners a direct way to influence compensation that affects company incentives and long-term performance.
independent registered public accounting firm financial
"ratified the appointment of PricewaterhouseCoopers LLP as the Corporation’s independent registered public accounting firm for 2026"
An independent registered public accounting firm is an outside accounting company officially registered with the government regulator to examine and report on a public company's financial records and controls. Investors treat its reports like an impartial inspector’s certificate — they add credibility to financial statements, help spot errors or misleading claims, and reduce the risk that shareholders are relying on unchecked or biased numbers.
broker non-votes financial
"Broker Non-Votes | 773,050,845"
Broker non-votes occur when a brokerage firm is unable to vote on a shareholder’s behalf during a company election or decision because the shareholder has not given specific voting instructions, and the broker is not allowed or chooses not to vote on certain matters. They are important because they can affect the outcome of votes, especially when the results are close, by effectively reducing the total number of votes cast.
emerging growth company regulatory
"Emerging growth company |"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.