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8-K filed April 26, 2024, 7:59 PM ET ticker BAC CIK 0000070858

other confidence high sentiment neutral materiality 0.55

Bank of America shareholders approve 100M share increase for equity plan at 2024 annual meeting

BANK OF AMERICA CORP /DE/

All 13 director nominees elected; say-on-pay approved with ~91% of votes cast in favor.
Equity Plan amendment to add 100M shares approved with ~78% of votes cast in favor.
All six shareholder proposals (de-banking, climate lobbying, clean energy ratio, written consent, independent chair, exec comp) defeated.
Plan terms otherwise unchanged; additional shares expected to support current grant practices for about one year.

item 5.02 item 5.07 item 9.01

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 changes to executive compensation program at the 2024-04-24 meeting.

Outcome: failed
Meeting: 2024-04-24

Exact text from the filing

10. Shareholder proposal - requesting changes to executive compensation program: For 396,134,656 Against 5,195,465,828 Abstain 51,786,424 Broker Non-Votes 932,046,642

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

BANK OF AMERICA CORP /DE/ shareholders rejected Shareholder proposal - requesting right to act by written consent at the 2024-04-24 meeting.

Outcome: failed
Meeting: 2024-04-24

Exact text from the filing

8. Shareholder proposal - requesting right to act by written consent: For 747,953,440 Against 4,846,373,678 Abstain 49,059,790 Broker Non-Votes 932,046,642

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

BANK OF AMERICA CORP /DE/ shareholders approved Ratification of PricewaterhouseCoopers LLP as independent auditor for 2024 at the 2024-04-24 meeting.

Proposal: auditor ratification
Outcome: passed
Meeting: 2024-04-24

Exact text from the filing

ratified the appointment of PricewaterhouseCoopers LLP as the Corporation’s independent registered public accounting firm for 2024

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

BANK OF AMERICA CORP /DE/ shareholders rejected Shareholder proposal - requesting report on risks of politicized de-banking at the 2024-04-24 meeting.

Outcome: failed
Meeting: 2024-04-24

Exact text from the filing

5. Shareholder proposal - requesting report on risks of politicized de-banking: For 178,001,752 Against 5,399,078,323 Abstain 66,306,833 Broker Non-Votes 932,046,642

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

BANK OF AMERICA CORP /DE/ shareholders approved Amendment and restatement of the Bank of America Corporation Equity Plan at the 2024-04-24 meeting.

Proposal: equity plan
Outcome: passed
Meeting: 2024-04-24

Exact text from the filing

approved the amendment and restatement of the Plan

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

BANK OF AMERICA CORP /DE/ shareholders rejected Shareholder proposal - requesting independent board chair at the 2024-04-24 meeting.

Outcome: failed
Meeting: 2024-04-24

Exact text from the filing

9. Shareholder proposal - requesting independent board chair: For 1,735,122,833 Against 3,814,260,675 Abstain 94,003,400 Broker Non-Votes 932,046,642

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

BANK OF AMERICA CORP /DE/ shareholders rejected Shareholder proposal - requesting disclosure of clean energy financing ratio at the 2024-04-24 meeting.

Outcome: failed
Meeting: 2024-04-24

Exact text from the filing

7. Shareholder proposal - requesting disclosure of clean energy financing ratio: For 1,451,986,553 Against 4,138,376,010 Abstain 53,024,345 Broker Non-Votes 932,046,642

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

BANK OF AMERICA CORP /DE/ shareholders approved Election of Directors at the 2024-04-24 meeting.

Proposal: director election
Outcome: passed
Meeting: 2024-04-24

Exact text from the filing

elected all of the nominees for director

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

BANK OF AMERICA CORP /DE/ shareholders rejected Shareholder proposal - requesting report on lobbying alignment with Bank of America’s climate goals at the 2024-04-24 meeting.

Outcome: failed
Meeting: 2024-04-24

Exact text from the filing

6. Shareholder proposal - requesting report on lobbying alignment with Bank of America’s climate goals: For 1,520,064,772 Against 4,009,159,756 Abstain 114,162,380 Broker Non-Votes 932,046,642

View on SEC.gov

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

BANK OF AMERICA CORP /DE/ shareholders approved Advisory vote on executive compensation at the 2024-04-24 meeting.

Proposal: say on pay
Outcome: passed
Meeting: 2024-04-24

Exact text from the filing

approved the advisory vote on executive compensation

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220 shareholder votes filed in the last 30 days. Browse all shareholder votes →

BANK OF AMERICA CORP /DE/ filing history →

Source: SEC EDGAR

accession 0000070858-24-000149

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