Business Context and Reporting Period
This Form 8-K filing by Bank of America Corporation reports on events occurring on November 20, 2025, with the report filed on November 26, 2025. The filing addresses Item 5.02 regarding the departure of certain officers and the appointment of executive officers.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This document is a current report on corporate governance changes and does not contain financial performance data.
Material Changes
The primary material change reported is a restructuring of the executive officer designation effective December 31, 2025:
- Appointments: The Board designated several individuals as executive officers, including Dean C. Athanasia and James P. DeMare as Co-Presidents, and Alastair M. Borthwick as Chief Financial Officer.
- Departures: Effective December 31, 2025, Lindsay D. Hans, Kathleen A. Knox, Matthew M. Koder, and Eric A. Schimpf will no longer be designated as executive officers.
Guidance, Outlook, and Risks
The filing contains no financial guidance, outlook, management commentary on market conditions, or discussion of risks and contingencies. The document strictly details the administrative changes to the company's officer roster.
Investor Verification Checklist
- Verify the effective date of the executive officer changes (December 31, 2025).
- Confirm the new reporting structure under Co-Presidents Dean C. Athanasia and James P. DeMare.
- Review the 2025 Proxy Statement for prior compensation details of departing officers, specifically Matthew M. Koder.
- Check subsequent filings for any financial impact related to these leadership transitions.