8-K
filed April 28, 2023, 7:59 PM ET
ticker BAC
CIK 0000070858
other material
confidence high
sentiment positive
materiality 0.60
Shareholders approve equity plan amendment with 75M share increase; all directors elected
BANK OF AMERICA CORP /DE/
- Equity Plan amended: +75M shares, term extended to Apr 24, 2033, tax-share reuse allowed, dividends only on vesting.
- All 14 director nominees elected with >90% support; CEO Moynihan received 5.51B votes for, 258M against.
- Say-on-pay passed (3.97B for vs 1.78B against); frequency set to every year based on shareholder preference.
- All six shareholder proposals (e.g., independent chair, GHG targets) defeated by >80% opposition.
Key facts
Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
BANK OF AMERICA CORP /DE/ shareholders rejected Shareholder proposal - requesting greenhouse gas reduction targets at the 2023-04-25 meeting.
- Outcome
- failed
- Meeting
- 2023-04-25
Exact text from the filing
8. Shareholder proposal - requesting greenhouse gas reduction targets: For 659,616,493 Against 5,088,422,504 Abstain 57,966,990 Broker Non-Votes 930,135,646
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
BANK OF AMERICA CORP /DE/ shareholders approved Election of directors at the 2023-04-25 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-04-25
Exact text from the filing
elected all of the nominees for director
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
BANK OF AMERICA CORP /DE/ shareholders approved A vote on the frequency of future 'Say on Pay' resolutions (an advisory, non-binding 'Say on Frequency' resolution) at the 2023-04-25 meeting.
- Proposal
- say on pay frequency
- Outcome
- passed
- Meeting
- 2023-04-25
Exact text from the filing
voted, on an advisory basis, in favor of holding future advisory votes on executive compensation every year
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
BANK OF AMERICA CORP /DE/ shareholders rejected Shareholder proposal - requesting shareholder ratification of termination pay at the 2023-04-25 meeting.
- Proposal
- auditor ratification
- Outcome
- failed
- Meeting
- 2023-04-25
Exact text from the filing
7. Shareholder proposal - requesting shareholder ratification of termination pay: For 442,010,498 Against 5,319,267,654 Abstain 44,727,834 Broker Non-Votes 930,135,647
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
BANK OF AMERICA CORP /DE/ shareholders rejected Shareholder proposal - requesting adoption of policy to cease financing new fossil fuel supplies at the 2023-04-25 meeting.
- Outcome
- failed
- Meeting
- 2023-04-25
Exact text from the filing
10. Shareholder proposal - requesting adoption of policy to cease financing new fossil fuel supplies: For 403,488,698 Against 5,329,248,085 Abstain 73,269,204 Broker Non-Votes 930,135,646
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
BANK OF AMERICA CORP /DE/ shareholders rejected Shareholder proposal - requesting an independent board chair at the 2023-04-25 meeting.
- Outcome
- failed
- Meeting
- 2023-04-25
Exact text from the filing
6. Shareholder proposal - requesting an independent board chair: For 1,497,695,632 Against 4,198,834,981 Abstain 109,475,374 Broker Non-Votes 930,135,646
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
BANK OF AMERICA CORP /DE/ shareholders rejected Shareholder proposal - requesting report on transition planning at the 2023-04-25 meeting.
- Outcome
- failed
- Meeting
- 2023-04-25
Exact text from the filing
9. Shareholder proposal - requesting report on transition planning: For 1,629,306,837 Against 4,095,983,034 Abstain 80,716,115 Broker Non-Votes 930,135,647
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
BANK OF AMERICA CORP /DE/ shareholders approved Approving the Corporation's executive compensation (an advisory, non-binding "Say on Pay" resolution) at the 2023-04-25 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2023-04-25
Exact text from the filing
approved the advisory vote on executive compensation
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
BANK OF AMERICA CORP /DE/ shareholders approved Amending and restating the Bank of America Corporation Equity Plan at the 2023-04-25 meeting.
- Proposal
- equity plan
- Outcome
- passed
- Meeting
- 2023-04-25
Exact text from the filing
approved the amendment and restatement of the Plan
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
BANK OF AMERICA CORP /DE/ shareholders rejected Shareholder proposal - requesting a racial equity audit at the 2023-04-25 meeting.
- Outcome
- failed
- Meeting
- 2023-04-25
Exact text from the filing
11. Shareholder proposal - requesting a racial equity audit: For 876,395,673 Against 4,875,358,102 Abstain 54,252,211 Broker Non-Votes 930,135,647
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
BANK OF AMERICA CORP /DE/ shareholders approved Ratifying the appointment of the Corporation's independent registered public accounting firm for 2023 at the 2023-04-25 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2023-04-25
Exact text from the filing
ratified the appointment of PricewaterhouseCoopers LLP as the Corporation's independent registered public accounting firm for 2023
View on SEC.gov
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