Bank of America Corp. Files Definitive Proxy Statement

Ticker: BACRP · Form: DEF 14A · Filed: Mar 11, 2024 · CIK: 70858

Bank Of America CORP /De/ DEF 14A Filing Summary
FieldDetail
CompanyBank Of America CORP /De/ (BACRP)
Form TypeDEF 14A
Filed DateMar 11, 2024
Risk Levellow
Pages15
Reading Time17 min
Key Dollar Amounts$1, $7.7 million, $98.6B, $1.9, $26.5B
Sentimentneutral

Sentiment: neutral

Topics: Proxy Statement, DEF 14A, Bank of America, Shareholder Meeting, Corporate Governance

TL;DR

<b>Bank of America Corp. has filed its Definitive Proxy Statement for the upcoming shareholder meeting.</b>

AI Summary

BANK OF AMERICA CORP /DE/ (BACRP) filed a Proxy Statement (DEF 14A) with the SEC on March 11, 2024. Bank of America Corp. filed a Definitive Proxy Statement (DEF 14A) on March 11, 2024. The filing covers the period ending April 24, 2024. The company's fiscal year ends on December 31. Bank of America Corporation is incorporated in Delaware. The filing is related to the company's annual meeting and shareholder matters.

Why It Matters

For investors and stakeholders tracking BANK OF AMERICA CORP /DE/, this filing contains several important signals. This filing is a standard requirement for publicly traded companies to inform shareholders about upcoming meetings, proposals, and executive compensation. Shareholders will use this document to make informed decisions regarding voting on company matters and electing directors.

Risk Assessment

Risk Level: low — BANK OF AMERICA CORP /DE/ shows low risk based on this filing. The filing is a routine DEF 14A, indicating no immediate significant financial or operational changes are being disclosed beyond standard corporate governance procedures.

Analyst Insight

Review the proxy statement for details on executive compensation, board nominations, and any shareholder proposals to understand management's strategy and potential areas of shareholder interest.

Key Numbers

Key Players & Entities

FAQ

When did BANK OF AMERICA CORP /DE/ file this DEF 14A?

BANK OF AMERICA CORP /DE/ filed this Proxy Statement (DEF 14A) with the SEC on March 11, 2024.

What is a DEF 14A filing?

A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by BANK OF AMERICA CORP /DE/ (BACRP).

Where can I read the original DEF 14A filing from BANK OF AMERICA CORP /DE/?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by BANK OF AMERICA CORP /DE/.

What are the key takeaways from BANK OF AMERICA CORP /DE/'s DEF 14A?

BANK OF AMERICA CORP /DE/ filed this DEF 14A on March 11, 2024. Key takeaways: Bank of America Corp. filed a Definitive Proxy Statement (DEF 14A) on March 11, 2024.. The filing covers the period ending April 24, 2024.. The company's fiscal year ends on December 31..

Is BANK OF AMERICA CORP /DE/ a risky investment based on this filing?

Based on this DEF 14A, BANK OF AMERICA CORP /DE/ presents a relatively low-risk profile. The filing is a routine DEF 14A, indicating no immediate significant financial or operational changes are being disclosed beyond standard corporate governance procedures.

What should investors do after reading BANK OF AMERICA CORP /DE/'s DEF 14A?

Review the proxy statement for details on executive compensation, board nominations, and any shareholder proposals to understand management's strategy and potential areas of shareholder interest. The overall sentiment from this filing is neutral.

How does BANK OF AMERICA CORP /DE/ compare to its industry peers?

Bank of America operates within the national commercial banking industry, a sector characterized by significant regulatory oversight and sensitivity to economic conditions.

Are there regulatory concerns for BANK OF AMERICA CORP /DE/?

As a major financial institution, Bank of America is subject to extensive regulation by federal and state authorities, including the SEC, Federal Reserve, and OCC, impacting its operations and reporting requirements.

Industry Context

Bank of America operates within the national commercial banking industry, a sector characterized by significant regulatory oversight and sensitivity to economic conditions.

Regulatory Implications

As a major financial institution, Bank of America is subject to extensive regulation by federal and state authorities, including the SEC, Federal Reserve, and OCC, impacting its operations and reporting requirements.

What Investors Should Do

  1. Review the executive compensation details to assess alignment with company performance.
  2. Examine director nominations and qualifications for board effectiveness.
  3. Analyze any shareholder proposals and management's recommendations for voting.

Key Dates

Year-Over-Year Comparison

This is a DEF 14A filing, which is a routine disclosure for annual shareholder meetings and does not represent a change from previous filings of the same type.

Filing Stats: 4,362 words · 17 min read · ~15 pages · Grade level 16 · Accepted 2024-03-11 10:58:55

Key Financial Figures

Filing Documents

Executive compensation

Executive compensation program features 67 Other compensation topics 71 Compensation and Human Capital Committee Report 73

Executive compensation

Executive compensation 74 Summary compensation table 74 Grants of plan-based awards table 76 Year-end equity values and equity exercised or vested table 79 Pension benefits table 81 Nonqualified deferred compensation table 82 Potential payments upon termination or change in control 83 CEO pay ratio 85 Pay versus performance table 86 Proposal 3: Ratifying the appointment of our independent registered public accounting firm for 2024 88 Audit committee pre-approval policies and procedures 89 Audit Committee Report 89 Proposal 4: Proposal to amend and restate the Bank of America Corporation Equity Plan 90 Proposals 5-10: Shareholder proposals 97 Voting, attending the annual meeting, and other information 110 Appendix A: Reconciliation of GAAP and non-GAAP financial measures A-1 Appendix B: Amended and Restated Bank of America Corporation Equity Plan B-1 Cautionary information and forward-looking statements. This proxy statement contains certain statements regarding Responsible Growth and environmental, social, and governance information and opinions, including metrics, aspirations, targets, goals, commitments, cumulative values and sustainability objectives (collectively, the Sustainability Information). Such statements regarding Sustainability Information may be based on current or historic aspirations, goals, targets, commitments, estimates, assumptions, standards, metrics, methodologies and internal control frameworks, and currently available data, which continue to evolve and develop, and any statements made in connection with Bank of America Corporation's aspirations, goals, targets or commitments are not guarantees or promises that they will be met. Additionally, certain statements contained in this proxy statement may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including statements about our future financial performance a

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