Bank of America Announces Preliminary Voting Results of 2016 Annual Meeting of Stockholders
April 27 2016 - 11:56AM
Business Wire
Bank of America Corporation today announced preliminary results
of matters voted upon during the company’s 2016 annual meeting of
stockholders.
The 13 board of director nominees were elected, with at least 94
percent of the vote cast in favor of each. The management advisory
proposal on executive compensation and the appointment of the
company’s independent accounting firm proposal both were approved,
with approximately 93 percent and 98 percent of the vote in favor,
respectively. The lone shareholder proposal, which sought to amend
the clawback feature of the company's executive compensation
program, was not approved, with approximately 94 percent of the
vote opposed to the measure.
Results are considered preliminary, with final figures reported
on a Form 8-K to be filed with the Securities and Exchange
Commission.
Bank of AmericaBank of America is one of the world's leading
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
47 million consumer and small business relationships with
approximately 4,700 retail financial centers, approximately 16,000
ATMs, and award-winning online banking with approximately 33
million active users and approximately 20 million mobile users.
Bank of America is a global leader in wealth management, 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 3 million small business
owners through a suite of innovative, easy-to-use online products
and services. The company serves clients through operations in all
50 states, the District of Columbia, the U.S. Virgin Islands,
Puerto Rico and more than 35 countries. Bank of America Corporation
stock (NYSE: BAC) is listed on the New York Stock Exchange.
Visit the Bank of America newsroom for more Bank of America
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www.bankofamerica.com
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version on businesswire.com: http://www.businesswire.com/news/home/20160427006264/en/
Investors May Contact:Lee McEntire, Bank of America,
1.980.388.6780Reporters May Contact:Lawrence Grayson, Bank of
America, 1.704.995.5825lawrence.grayson@bankofamerica.com
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