---
schema_version: "secwatch.filing_event.v1"
accession: "0000070858-21-000101"
form_type: "8-K"
ticker: "BAC"
cik: "0000070858"
company_name: "BANK OF AMERICA CORP /DE/"
filed_at: "2021-10-20T23:59:59+00:00"
generated_at: "2026-06-28T19:46:54.500130+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000070858-21-000101
- form_type: 8-K
- ticker: BAC
- cik: 0000070858
- company_name: BANK OF AMERICA CORP /DE/
- filed_at: 2021-10-20T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/70858/000007085821000101/0000070858-21-000101-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/70858/000007085821000101/bac-20211020.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000070858-21-000101
- JSON: https://secwatch.observer/filing/0000070858-21-000101.json
- Plain text: https://secwatch.observer/filing/0000070858-21-000101.txt

## Key facts
- Executive change
  Alastair M. Borthwick was appointed as Chief Financial Officer at BANK OF AMERICA CORP /DE/.
  - Action: appointed
  - Role: Chief Financial Officer
  source text: the Corporation's Board of Directors (the "Board") appointed Mr. Borthwick as the Corporation's Chief Financial Officer, effective as of November 1, 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/70858/000007085821000101/0000070858-21-000101-index.htm
- Executive change
  Paul M. Donofrio departed as Chief Financial Officer at BANK OF AMERICA CORP /DE/.
  - Action: ceased
  - Role: Chief Financial Officer
  source text: Paul M. Donofrio will cease to be the Corporation's Chief Financial Officer
  evidence_url: https://www.sec.gov/Archives/edgar/data/70858/000007085821000101/0000070858-21-000101-index.htm

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