0000950123-11-035905.txt : 20110415 0000950123-11-035905.hdr.sgml : 20110415 20110415103036 ACCESSION NUMBER: 0000950123-11-035905 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20110415 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20110415 DATE AS OF CHANGE: 20110415 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BANK OF AMERICA CORP /DE/ CENTRAL INDEX KEY: 0000070858 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 560906609 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-06523 FILM NUMBER: 11761315 BUSINESS ADDRESS: STREET 1: BANK OF AMERICA CORPORATE CENTER STREET 2: 100 N TRYON ST CITY: CHARLOTTE STATE: NC ZIP: 28255 BUSINESS PHONE: 7043868486 MAIL ADDRESS: STREET 1: BANK OF AMERICA CORPORATE CENTER STREET 2: 100 N TRYON ST CITY: CHARLOTTE STATE: NC ZIP: 28255 FORMER COMPANY: FORMER CONFORMED NAME: BANKAMERICA CORP/DE/ DATE OF NAME CHANGE: 19981022 FORMER COMPANY: FORMER CONFORMED NAME: NATIONSBANK CORP DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: NCNB CORP DATE OF NAME CHANGE: 19920107 8-K 1 g26871e8vk.htm FORM 8-K e8vk
 
 
As filed with the Securities and Exchange Commission on April 15, 2011
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
April 15, 2011
BANK OF AMERICA CORPORATION
(Exact name of registrant as specified in its charter)
         
Delaware
(State or Other Jurisdiction of
Incorporation) 		  1-6523
(Commission File Number) 		  56-0906609
(IRS Employer Identification No.)
100 North Tryon Street
Charlotte, North Carolina 28255
(Address of principal executive offices)
(704) 386-5681
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 

 

 

ITEM 5.02.   DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.
     On April 15, 2011, Bank of America Corporation made announcements concerning its executive management team, which impact named executive officers Chuck Noski, Ed O’Keefe and Bruce Thompson, who all currently report to the Chief Executive Officer, to be effective after a planned transition period of several months.
     A copy of the press release announcing these events is attached hereto as Exhibit 99.1, and is incorporated herein by reference.
ITEM 9.01.   FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits.
The following exhibit is filed herewith:
         
EXHIBIT NO.   DESCRIPTION OF EXHIBIT
  99.1    
Press Release dated April 15, 2011

 

 

SIGNATURES
     Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
         
  BANK OF AMERICA CORPORATION
 		  
  By:   /s/ Neil A. Cotty    
    Neil A. Cotty   
    Chief Accounting Officer   
 
Dated: April 15, 2011

 

 

INDEX TO EXHIBITS
         
EXHIBIT NO.   DESCRIPTION OF EXHIBIT
  99.1    
Press Release dated April 15, 2011

 

EX-99.1 2 g26871exv99w1.htm EX-99.1 exv99w1
Exhibit 99.1
(Bank of America logo)
April 15, 2011
Investors May Contact:
Kevin Stitt, Bank of America, 1.980.386.5667
Lee McEntire, Bank of America, 1.980.388.6780
Reporters May Contact:
Scott Silvestri, Bank of America, 1.980.388.9921
scott.silvestri@bankofamerica.com
Bank of America Adds to Executive Management Team
Gary Lynch Appointed Global Chief of Legal, Compliance, Regulatory Relations
Chuck Noski Appointed Vice Chairman
Bruce Thompson Named CFO
CHARLOTTE — Bank of America Chief Executive Officer Brian Moynihan today made several announcements concerning the executive management team, to be effective after a planned transition period of several months.
“Our goal is to be the world’s finest financial services company,” said Moynihan. “We have — and we continue to attract — senior talent with the leadership, skill, and experience to help us reach that goal. These announcements reflect that.”
  •   Gary Lynch, 60, will serve as global chief of Legal, Compliance, and Regulatory Relations in a newly created position. Ed O’Keefe, general counsel, will report to Lynch. Lynch will be based in New York and report to Moynihan. Lynch will join the company after fulfilling the terms of his garden leave.
 
  •   Chuck Noski, 58, will become vice chairman of Bank of America. He will continue to advise Moynihan and the management team on strategic and capital management matters and on the resolution of legacy issues, including helping to shape the consumer mortgage model going forward. He also will engage in client development activities as needed. Noski will report to Moynihan and be based in Los Angeles after a transition of the CFO responsibilities to Thompson.
 
  •   Bruce Thompson, 46, will be the chief financial officer. Thompson is based in Charlotte and reports to Moynihan. He continues as chief risk officer until a successor is named following an internal and external search process that is under way. Thompson will succeed Noski as CFO by the end of the second quarter of 2011.
When appointed CFO in 2010, Noski intended to relocate to Charlotte in the summer of 2011. He has advised Moynihan that a serious illness of a close family member will prevent him from doing so.
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Page 2
“We value Chuck’s judgment, counsel, and experience,” said Moynihan. “I am very pleased he has accepted this leadership position, which also enables him to attend to important personal matters.”
Lynch joins Bank of America from Morgan Stanley, where he is Vice Chairman and based in London. He was previously chief legal officer for the firm, and held senior leadership positions at Credit Suisse, Credit Suisse First Boston, and the U.S. Securities and Exchange Commission, where he was Director of Enforcement.
“Gary’s global legal and regulatory expertise and relationships will be a valued addition to our leadership,” Moynihan said. “We are delighted he has chosen to join Bank of America and help guide the execution of our customer-focused strategy.”
Before serving as chief risk officer, Thompson was head of Global Capital Markets at Bank of America Merrill Lynch. Previously, he was co-head of Global Credit Products and head of Global Leveraged Finance. During his tenure as chief risk officer, Thompson oversaw the development and implementation of the company’s enterprise risk framework and improved the international risk governance programs.
“Bruce has proven leadership in the global financial and capital markets,” said Moynihan. “These skills, together with his insights into risk management, prepare him to be an outstanding chief financial officer.”
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Page 3
Bank of America
Bank of America is one of the world’s largest financial institutions, serving individual consumers, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 58 million consumer and small business relationships with approximately 5,800 retail banking offices and approximately 18,000 ATMs and award-winning online banking with 30 million active users. Bank of America is among the world’s leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 4 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients through operations in more than 40 countries. Bank of America Corporation stock (NYSE: BAC) is a component of the Dow Jones Industrial Average and is listed on the New York Stock Exchange.
www.bankofamerica.com
###

 

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