--- schema_version: "secwatch.filing_event.v1" accession: "0000070858-23-000137" form_type: "8-K" ticker: "BAC" cik: "0000070858" company_name: "BANK OF AMERICA CORP /DE/" filed_at: "2023-04-28T23:59:59+00:00" generated_at: "2026-06-16T06:56:24.155972+00:00" event_type: "other_material" sentiment: "positive" materiality_score: 0.6 calibrated_materiality_score: 0.6 confidence: "high" source: SEC EDGAR --- # Shareholders approve equity plan amendment with 75M share increase; all directors elected ## Summary - 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. ## SEC filing metadata - accession: 0000070858-23-000137 - form_type: 8-K - ticker: BAC - cik: 0000070858 - company_name: BANK OF AMERICA CORP /DE/ - filed_at: 2023-04-28T23:59:59+00:00 - event_type: other_material - sentiment: positive - materiality_score: 0.6 - calibrated_materiality_score: 0.6 - confidence: high - sec_items: 5.02, 5.07, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/70858/000007085823000137/0000070858-23-000137-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/70858/000007085823000137/bac-20230425.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0000070858-23-000137 - JSON: https://secwatch.observer/filing/0000070858-23-000137.json - Plain text: https://secwatch.observer/filing/0000070858-23-000137.txt ## Key facts - Shareholder Votes 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 source text: 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 evidence_url: https://www.sec.gov/Archives/edgar/data/70858/000007085823000137/0000070858-23-000137-index.htm - Shareholder Votes 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 source text: elected all of the nominees for director evidence_url: https://www.sec.gov/Archives/edgar/data/70858/000007085823000137/0000070858-23-000137-index.htm - Shareholder Votes 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 source text: voted, on an advisory basis, in favor of holding future advisory votes on executive compensation every year evidence_url: https://www.sec.gov/Archives/edgar/data/70858/000007085823000137/0000070858-23-000137-index.htm - Shareholder Votes 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 source text: 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 evidence_url: https://www.sec.gov/Archives/edgar/data/70858/000007085823000137/0000070858-23-000137-index.htm - Shareholder Votes 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 source text: 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 evidence_url: https://www.sec.gov/Archives/edgar/data/70858/000007085823000137/0000070858-23-000137-index.htm - Shareholder Votes 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 source text: 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 evidence_url: https://www.sec.gov/Archives/edgar/data/70858/000007085823000137/0000070858-23-000137-index.htm - Shareholder Votes 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 source text: 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 evidence_url: https://www.sec.gov/Archives/edgar/data/70858/000007085823000137/0000070858-23-000137-index.htm - Shareholder Votes 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 source text: approved the advisory vote on executive compensation evidence_url: https://www.sec.gov/Archives/edgar/data/70858/000007085823000137/0000070858-23-000137-index.htm - Shareholder Votes 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 source text: approved the amendment and restatement of the Plan evidence_url: https://www.sec.gov/Archives/edgar/data/70858/000007085823000137/0000070858-23-000137-index.htm - Shareholder Votes 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 source text: 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 evidence_url: https://www.sec.gov/Archives/edgar/data/70858/000007085823000137/0000070858-23-000137-index.htm - Shareholder Votes 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 source text: ratified the appointment of PricewaterhouseCoopers LLP as the Corporation's independent registered public accounting firm for 2023 evidence_url: https://www.sec.gov/Archives/edgar/data/70858/000007085823000137/0000070858-23-000137-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.