Business Context and Reporting Period
This Form 8-K Current Report was filed by Bank of America Corporation on September 15, 2025, covering events that occurred on September 12, 2025. The filing addresses significant changes to the company's executive leadership structure.
Key Financial Metrics
This filing is a current report regarding corporate governance and does not contain financial performance data. Consequently, there are no reported figures for revenue, profit, cash flow, margins, debt, or liquidity in this document.
Material Changes
The primary material change reported is the appointment of new executive officers effective immediately on September 12, 2025:
- Dean C. Athanasia (President, Regional Banking) appointed as Co-President of the Corporation.
- James P. DeMare (President, Global Markets) appointed as Co-President of the Corporation.
- Alastair M. Borthwick appointed as Executive Vice President of the Corporation, in addition to his existing role as Chief Financial Officer.
Guidance, Outlook, and Risks
The filing does not provide financial guidance, outlook, or discuss specific risks or contingencies. It notes that material plans, contracts, or arrangements regarding the appointed officers are detailed in the Corporation's 2025 Proxy Statement filed on March 10, 2025.
Investor Verification Checklist
- Verify the specific compensation terms and employment contracts for the newly appointed Co-Presidents and Executive Vice President in the 2025 Proxy Statement.
- Confirm the reporting structure and division of responsibilities between the two Co-Presidents.
- Review subsequent filings for any impact of this leadership change on strategic direction or operational execution.