Bank of America renews $25B buyback, declares $0.21 dividend; Borthwick appointed CFO

BANK OF AMERICA CORP /DE/

Board renewed $25B common stock repurchase program; $14B repurchased under prior program through Q3 2021.
CET1 ratio as of Sept 30, 2021 was 11.1%, above 9.5% regulatory requirement.
Regular quarterly dividend of $0.21 per common share declared, payable Dec 31, 2021 to holders of record Dec 3, 2021.
Regular quarterly dividend of $1.75 per share on 7% Cumulative Redeemable Preferred Stock, Series B declared, payable Jan 25, 2022.
Alastair Borthwick appointed CFO effective Nov 1, 2021, succeeding Paul Donofrio.

item 5.02 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Alastair M. Borthwick

Chief Financial Officer

BAC · BANK OF AMERICA CORP /DE/

Effective: 2021-11-01
Filed: October 20, 2021, 7:59 PM ET

the Corporation's Board of Directors (the "Board") appointed Mr. Borthwick as the Corporation's Chief Financial Officer, effective as of November 1, 2021.

Departed

Paul M. Donofrio

Chief Financial Officer

BAC · BANK OF AMERICA CORP /DE/

Effective: 2021-11-01
Successor: Alastair M. Borthwick
Filed: October 20, 2021, 7:59 PM ET

Paul M. Donofrio will cease to be the Corporation's Chief Financial Officer

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Alastair M. Borthwick was appointed as Chief Financial Officer at BANK OF AMERICA CORP /DE/.

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

the Corporation's Board of Directors (the "Board") appointed Mr. Borthwick as the Corporation's Chief Financial Officer, effective as of November 1, 2021.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Paul M. Donofrio departed as Chief Financial Officer at BANK OF AMERICA CORP /DE/.

Action: ceased
Role: Chief Financial Officer

Exact text from the filing

Paul M. Donofrio will cease to be the Corporation's Chief Financial Officer

View on SEC.gov

BANK OF AMERICA CORP /DE/ filing history →

Source: SEC EDGAR

accession 0000070858-21-000101

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