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[8-K] BANK OF AMERICA CORP /DE/ Reports Material Event

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Bank of America Corporation filed an update on its leadership structure, formally designating certain managers as executive officers under U.S. securities rules. The filing confirms that Chair and Chief Executive Officer Brian T. Moynihan is an executive officer, along with other senior leaders who report directly to him.

The Board’s decision on November 20, 2025 reflects the company’s earlier move to appoint Dean C. Athanasia and James P. DeMare as Co-Presidents responsible for the lines of business. As a result, effective December 31, 2025, several current leaders, including Lindsay D. Hans, Kathleen A. Knox, Matthew M. Koder, and Eric A. Schimpf, will no longer be designated as executive officers, although they remain identified with their business roles in the disclosure.

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BANK OF AMERICA CORP /DE/ Depositary Shares, each representing a 1/1,200th interest in a share of Bank of America Corporation Floating Rate Non-Cumulative Preferred Stock Depositary Shares, each representing a 1/1,200th interest in a share of Bank of America Corporation Floating Rate Non-Cumulative Preferred Stock Depositary Shares, each representing a 1/1,200th interest in a share of Bank of America Corporation Floating Rate Non-Cumulative Preferred Stock Depositary Shares, each representing a 1/1,200th interest in a share of Bank of America Corporation Floating Rate Non-Cumulative Bank of America Senior Medium-Term Notes, Series A, Step Up Callable Notes, due November 28, 2031 of BofA Finance LLC (and the guarantee of the Registrant with false 0000070858 0000070858 2025-11-20 2025-11-20 0000070858 us-gaap:CommonStockMember 2025-11-20 2025-11-20 0000070858 us-gaap:SeriesEPreferredStockMember 2025-11-20 2025-11-20 0000070858 bac:SeriesGGPreferredStockMember 2025-11-20 2025-11-20 0000070858 bac:SeriesHHPreferredStockMember 2025-11-20 2025-11-20 0000070858 bac:SeriesLPreferredStockMember 2025-11-20 2025-11-20 0000070858 bac:DepositarySharesEachRepresentingA11200thInterestInAShareOfBankOfAmericaCorporationFloatingRateNonCumulativePreferredStockSeries14Member 2025-11-20 2025-11-20 0000070858 bac:DepositarySharesEachRepresentingA11200thInterestInAShareOfBankOfAmericaCorporationFloatingRateNonCumulativePreferredStockSeries21Member 2025-11-20 2025-11-20 0000070858 bac:DepositarySharesEachRepresentingA11200thInterestInAShareOfBankOfAmericaCorporationFloatingRateNonCumulativePreferredStockSeries42Member 2025-11-20 2025-11-20 0000070858 bac:DepositarySharesEachRepresentingA11200thInterestInAShareOfBankOfAmericaCorporationFloatingRateNonCumulativeBankOfAmericaCorporationFloatingRateNonCumulativePreferredStockSeries53Member 2025-11-20 2025-11-20 0000070858 bac:FloatingRatePreferredHybridIncomeTermSecuritiesMember 2025-11-20 2025-11-20 0000070858 bac:A5.63FixedtoFloatingRatePreferredHybridIncomeTermSecuritiesMember 2025-11-20 2025-11-20 0000070858 bac:IncomeCapitalObligationNotesMember 2025-11-20 2025-11-20 0000070858 bac:SeniorMediumTermNotesSeriesAStepUpCallableNotesMember 2025-11-20 2025-11-20 0000070858 bac:SeriesKKPreferredStockMember 2025-11-20 2025-11-20 0000070858 bac:SeriesLLPreferredStockMember 2025-11-20 2025-11-20 0000070858 bac:SeriesNNPreferredStockMember 2025-11-20 2025-11-20 0000070858 bac:SeriesPPPreferredStockMember 2025-11-20 2025-11-20 0000070858 bac:SeriesQQPreferredStockMember 2025-11-20 2025-11-20 0000070858 bac:DepositarySharesEachRepresentingA11000thInterestInAShareOf4750NonCumulativePreferredStockSeriesSSMember 2025-11-20 2025-11-20

As filed with the Securities and Exchange Commission on November 26, 2025

 

 
 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported):

November 20, 2025

 

 

BANK OF AMERICA CORPORATION

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   1-6523   56-0906609

(State or Other Jurisdiction

of Incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

100 North Tryon Street

Charlotte, North Carolina 28255

(Address of principal executive offices)

(704) 386-5681

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

 

Trading

Symbol(s)

 

Name of each exchange

on which registered

Common Stock, par value $0.01 per share   BAC   New York Stock Exchange
Depositary Shares, each representing a 1/1,000th interest in a share of Floating Rate Non-Cumulative Preferred Stock, Series E   BAC PrE   New York Stock Exchange
Depositary Shares, each representing a 1/1,000th interest in a share of 6.000% Non-Cumulative Preferred Stock, Series GG   BAC PrB   New York Stock Exchange
Depositary Shares, each representing a 1/1,000th interest in a share of 5.875% Non-Cumulative Preferred Stock, Series HH   BAC PrK   New York Stock Exchange
7.25% Non-Cumulative Perpetual Convertible Preferred Stock, Series L   BAC PrL   New York Stock Exchange
Depositary Shares, each representing a 1/1,200th interest in a share of Bank of America Corporation Floating Rate Non-Cumulative Preferred Stock, Series 1   BML PrG   New York Stock Exchange
Depositary Shares, each representing a 1/1,200th interest in a share of Bank of America Corporation Floating Rate Non-Cumulative Preferred Stock, Series 2   BML PrH   New York Stock Exchange
Depositary Shares, each representing a 1/1,200th interest in a share of Bank of America Corporation Floating Rate Non-Cumulative Preferred Stock, Series 4   BML PrJ   New York Stock Exchange
Depositary Shares, each representing a 1/1,200th interest in a share of Bank of America Corporation Floating Rate Non-Cumulative Bank of America Corporation Floating Rate Non-Cumulative Preferred Stock, Series 5   BML PrL   New York Stock Exchange
Floating Rate Preferred Hybrid Income Term Securities of BAC Capital Trust XIII (and the guarantee related thereto)   BAC/PF   New York Stock Exchange
5.63% Fixed to Floating Rate Preferred Hybrid Income Term Securities of BAC Capital Trust XIV (and the guarantee related thereto)   BAC/PG   New York Stock Exchange
Income Capital Obligation Notes initially due December 15, 2066 of Bank of America Corporation   MER PrK   New York Stock Exchange
Senior Medium-Term Notes, Series A, Step Up Callable Notes, due November 28, 2031 of BofA Finance LLC (and the guarantee of the Registrant with respect thereto)   BAC/31B   New York Stock Exchange
Depositary Shares, each representing a 1/1,000th interest in a share of 5.375% Non-Cumulative Preferred Stock, Series KK   BAC PrM   New York Stock Exchange
Depositary Shares, each representing a 1/1,000th interest in a share of 5.000% Non-Cumulative Preferred Stock, Series LL   BAC PrN   New York Stock Exchange
Depositary Shares, each representing a 1/1,000th interest in a share of 4.375% Non-Cumulative Preferred Stock, Series NN   BAC PrO   New York Stock Exchange
Depositary Shares, each representing a 1/1,000th interest in a share of 4.125% Non-Cumulative Preferred Stock, Series PP   BAC PrP   New York Stock Exchange
Depositary Shares, each representing a 1/1,000th interest in a share of 4.250% Non-Cumulative Preferred Stock, Series QQ   BAC PrQ   New York Stock Exchange
Depositary Shares, each representing a 1/1,000th interest in a share of 4.750% Non-Cumulative Preferred Stock, Series SS   BAC PrS   New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2).

Emerging growth company 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 
 


Item 5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On November 20, 2025, the Board of Directors (the “Board”) of Bank of America Corporation (the “Corporation”) designated certain members of management as “executive officers” of the Corporation, as that term is defined in Rule 3b-7 under the Securities Exchange Act of 1934, as amended.

The Corporation’s executive officers are Brian T. Moynihan, Chair and Chief Executive Officer, and the following officers who report directly to Mr. Moynihan:

 

   

Dean C. Athanasia, Co-President

 

   

Alastair M. Borthwick, Executive Vice President and Chief Financial Officer

 

   

Sheri Bronstein, Chief People Officer

 

   

James P. DeMare, Co-President

 

   

Hari Gopalkrishnan, Chief Technology & Information Officer

 

   

Geoffrey S. Greener, Chief Risk Officer

 

   

Bernard A. Mensah, President, International

 

   

Lauren A. Mogensen, Global General Counsel

 

   

Thong Nguyen, Vice Chair, Head of Global Strategy & Enterprise Platforms

 

   

Thomas M. Scrivener, Chief Operations Executive

 

   

Bruce R. Thompson, Vice Chair, Head of Enterprise Credit

On September 12, 2025, the Corporation announced the appointment of Dean C. Athanasia and James P. DeMare as Co-Presidents, with responsibility for the Corporation’s lines of business. Therefore, the Board has determined that effective December 31, 2025, the following members of management will no longer be designated as executive officers: Lindsay D. Hans, President, Co-Head Merrill Wealth Management; Kathleen A. Knox, President, The Private Bank; Matthew M. Koder, President, Global Corporate & Investment Banking (a named executive officer in the Corporation’s 2025 Proxy Statement); and Eric A. Schimpf, President, Co-Head Merrill Wealth Management.


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

BANK OF AMERICA CORPORATION
By:  

/s/ Ross E. Jeffries, Jr.

  Ross E. Jeffries, Jr.
  Deputy General Counsel and Corporate Secretary

Dated: November 26, 2025

Bank of America

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