As filed with the Securities and Exchange Commission on June 25, 2019

 

 

 

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): June 25, 2019

 

 

BANK OF AMERICA CORPORATION

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   1-6523   56-0906609

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(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:

 

  ☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

  ☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

  ☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

  ☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)    

Name of each exchange

on which registered

     

Common Stock, par value $0.01 per share

 

 

BAC

 

 

New York Stock Exchange

 

     

Depositary Shares, each representing 1/1,000th interest in a share of Floating Rate Non-Cumulative Preferred Stock, Series E

 

 

BAC PrE

 

 

New York Stock Exchange

 

     

Depositary Shares, each representing 1/1,000th interest in a share of 6.625% Non-Cumulative Preferred Stock, Series W

 

 

BAC PrW

 

 

New York Stock Exchange

 

     

Depositary Shares, each representing 1/1,000th interest in a share of 6.500% Non-Cumulative Preferred Stock, Series Y

 

 

BAC PrY

 

 

New York Stock Exchange

 

     

Depositary Shares, each representing 1/1,000th interest in a share of 6.200% Non-Cumulative Preferred Stock, Series CC

 

 

BAC PrC

 

 

New York Stock Exchange

 

     

Depositary Shares, each representing 1/1,000th interest in a share of 6.000% Non-Cumulative Preferred Stock, Series EE

 

 

BAC PrA

 

 

New York Stock Exchange

 

     

Depositary Shares, each representing 1/1,000th interest in a share of 6.000% Non-Cumulative Preferred Stock, Series GG

 

 

BAC PrB

 

 

New York Stock Exchange

 

     

Depositary Shares, each representing 1/1,000th interest in a share of 5.875% Non-Cumulative Preferred Stock, Series HH

 

 

BAC PrK

 

 

New York Stock Exchange

 

     

7.25% Non-Cumulative Perpetual Convertible Preferred Stock, Series L

 

 

BAC PrL

 

 

New York Stock Exchange

 

     

Depositary Shares, each representing 1/2,000th interest in a share of Bank of America Corporation Floating Rate Non-Cumulative Preferred Stock, Series 1

 

 

BML PrG

 

 

New York Stock Exchange

 

     

Depositary Shares, each representing 1/2,000th interest in a share of Bank of America Corporation Floating Rate Non-Cumulative Preferred Stock, Series 2

 

 

BML PrH

 

 

New York Stock Exchange

 

     

Depositary Shares, each representing 1/2,000th interest in a share of Bank of America Corporation Floating Rate Non-Cumulative Preferred Stock, Series 4

 

 

BML PrJ

 

 

New York Stock Exchange

 

     

Depositary Shares, each representing 1/2,000th interest in a share of Bank of America Corporation Floating Rate Non-Cumulative Preferred Stock, Series 5

 

 

BML PrL

 

 

New York Stock Exchange

 

     

Floating Rate Preferred Hybrid Income Term Securities of BAC Capital Trust XIII (and the guarantee related thereto)

 

 

BAC/PF

 

 

New York Stock Exchange

 

     

5.63% Fixed to Floating Rate Preferred Hybrid Income Term Securities of BAC Capital Trust XIV (and the guarantee related thereto)

 

 

BAC/PG

 

 

New York Stock Exchange

 

     

Income Capital Obligation Notes initially due December 15, 2066 of Bank of America Corporation

 

 

MER PrK

 

 

New York Stock Exchange

 

     

Senior Medium-Term Notes, Series A, Step Up Callable Notes, due November 28, 2031 of BofA Finance LLC (and the guarantee of the Registrant with respect thereto)

 

 

BAC/31B

 

 

New York Stock Exchange

 

     

Depositary Shares, each representing 1/1,000th interest in a share of 5.375% Non-Cumulative Preferred Stock, Series KK

 

 

BAC PrM

 

 

New York Stock Exchange

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2).

Emerging growth company  ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

 

 

 

ITEM 3.03.

Material Modification to Rights of Security Holders.

On June 25, 2019, Bank of America Corporation (the “Corporation”) issued 55,900 shares of Series KK Preferred Stock (as defined in Item 5.03 below).

Under the terms of the Series KK Preferred Stock, the ability of the Corporation to declare or pay dividends on, declare or make distributions with respect to, or repurchase, redeem or otherwise acquire for consideration, shares of its common stock or any preferred stock ranking on a parity with or junior to the Series KK Preferred Stock, will be subject to certain restrictions in the event that the Corporation fails to declare and pay full dividends (or declare and set aside a sum sufficient for payment thereof) on its Series KK Preferred Stock. The restrictions are set forth in the Certificate of Designations described in Item 5.03 below.

 

ITEM 5.03.

Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.

On June 25, 2019, the Corporation filed a Certificate of Designations (the “Certificate of Designations”) with the Secretary of State of the State of Delaware to amend its Amended and Restated Certificate of Incorporation. The Certificate of Designations fixes the designations, preferences, limitations and relative rights of the Corporation’s 5.375% Non-Cumulative Preferred Stock, Series KK, $0.01 par value per share (the “Series KK Preferred Stock”). The Series KK Preferred Stock has a liquidation preference of $25,000 per share. The Certificate of Designations is attached hereto as Exhibit 3.1 and is incorporated by reference herein.

 

ITEM 8.01.

Other Events.

On June 25, 2019, the Corporation sold 55,900,000 Depositary Shares (the “Depositary Shares”), each representing a 1/1,000 th interest in a share of the Series KK Preferred Stock. The terms of the offering of the Depositary Shares are described in the Corporation’s Prospectus dated June 29, 2018, constituting a part of the Registration Statement on Form S-3 (Registration No. 333-224523), as supplemented by a Prospectus Supplement dated June 18, 2019. Additional exhibits are filed herewith in connection with the offering, issuance and sale of the Depositary Shares.

 

2

ITEM 9.01.

Financial Statements and Exhibits.

 

(d)

Exhibits.

The following exhibits are filed herewith:

 

Exhibit
No.

  

Description of Exhibit

1.1    Underwriting Agreement, dated June  18, 2019 with respect to the offering of 55,900,000 Depositary Shares, each representing a 1/1,000 th interest in a share of Series KK Preferred Stock
3.1    Certificate of Designations for the Series KK Preferred Stock, incorporated by reference to Exhibit 3.1 of the Corporation’s Registration Statement on Form 8-A, filed on June 25, 2019
4.1    Deposit Agreement related to the Depositary Shares, dated June  24, 2019, among the Corporation, Computershare Inc., Computershare Trust Company, N.A. and the Holders from time to time of the Depositary Receipts, incorporated by reference to Exhibit 4.1 of the Corporation’s Registration Statement on Form 8-A, filed on June 25, 2019
4.2    Form of Depositary Receipt for the Depositary Shares (included in Exhibit 4.1)
5.1    Opinion of McGuireWoods LLP, regarding legality of the Series KK Preferred Stock and the Depositary Shares

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, 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/ Ross E. Jeffries, Jr.

  Ross E. Jeffries, Jr.
  Deputy General Counsel and Corporate Secretary

Dated: June 25, 2019

Bank of America Corp. Prfd L (NYSE:BMLPL)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Bank of America Corp. Prfd L Charts.
Bank of America Corp. Prfd L (NYSE:BMLPL)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Bank of America Corp. Prfd L Charts.