---
schema_version: "secwatch.filing_event.v1"
accession: "0000070858-21-000093"
form_type: "8-K"
ticker: "BAC"
cik: "0000070858"
company_name: "BANK OF AMERICA CORP /DE/"
filed_at: "2021-09-14T23:59:59+00:00"
generated_at: "2026-06-29T03:58:30.109023+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Bank of America CFO Paul Donofrio to become vice chair; Alastair Borthwick named new CFO

## Summary
- Paul M. Donofrio will become vice chair in Q4 2021 and cease as CFO.
- Alastair Borthwick appointed CFO effective Q4 2021; previously president of Global Commercial Banking since 2012.
- Borthwick's annual base salary as CFO set at $1,000,000.
- Borthwick will participate in annual incentive compensation, common stock grants, and other executive programs.

## SEC filing metadata
- accession: 0000070858-21-000093
- form_type: 8-K
- ticker: BAC
- cik: 0000070858
- company_name: BANK OF AMERICA CORP /DE/
- filed_at: 2021-09-14T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/70858/000007085821000093/0000070858-21-000093-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/70858/000007085821000093/bac-20210910.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000070858-21-000093
- JSON: https://secwatch.observer/filing/0000070858-21-000093.json
- Plain text: https://secwatch.observer/filing/0000070858-21-000093.txt

## Key facts
- Executive change
  Alastair Borthwick was appointed as Chief Financial Officer at BANK OF AMERICA CORP /DE/.
  - Action: appointed
  - Role: Chief Financial Officer
  source text: On September 10, 2021, the Corporation announced that Alastair Borthwick will become the Corporation’s Chief Financial Officer effective in the fourth quarter of 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/70858/000007085821000093/0000070858-21-000093-index.htm
- Executive change
  Paul M. Donofrio was appointed as vice chair at BANK OF AMERICA CORP /DE/.
  - Action: appointed
  - Role: vice chair
  source text: On September 10, 2021, Bank of America Corporation (the “Corporation”) announced that Paul M. Donofrio, the Corporation’s Chief Financial Officer and a named executive officer in the Corporation’s 2021 Proxy Statement, will become vice chair of the Corporation in the fourth quarter of 2021 and will cease to be the Corporation’s Chief Financial Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/70858/000007085821000093/0000070858-21-000093-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.