secwatch.observer — SEC 8-K summary
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Issuer:     BANK OF AMERICA CORP /DE/ (BAC)
CIK:        0000070858
Form:       8-K
Filed at:   2026-10-21T21:07:03+00:00
Accession:  0000070858-26-000494
Event type: leadership
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Bank of America expands board to 14, adds ex-Dow CEO Jim Fitterling and ex-KPMG global CEO Bill Thomas
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- Board size increased from 12 to 14 directors; both appointments effective October 21, 2026.
- Fitterling, 65, was Dow CEO from 2018 to 2026 and is now Dow Executive Chairman; also lead director of 3M since 2024.
- Fitterling joins Enterprise Risk and Compensation & Human Capital committees; Thomas joins Audit and Corporate Governance committees.
- Thomas, 58, was Global Chairman and CEO of KPMG International 2017-2026, leading 265,000 professionals across 143 countries.
- Both receive non-employee director compensation under the program in the March 23, 2026 proxy, with restricted stock and cash prorated to the next annual meeting.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/70858/000007085826000494/0000070858-26-000494-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/70858/000007085826000494/bac-20261021.htm
  HTML page:      https://secwatch.observer/filing/0000070858-26-000494

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer