Summary
This 8-K filing from Bank of America Corporation, dated August 3, 2009, primarily announces senior management changes. The most significant event reported is the retirement of Liam E. McGee, who headed the Consumer and Small Business Banking division. Mr. McGee's resignation from this role is effective August 3, 2009, though he will remain with the company until his formal retirement later in the year. The filing indicates that a press release detailing these and other senior management adjustments was issued on the same date.
Key Highlights
- 1Announcement of senior management changes by Bank of America.
- 2Retirement of Liam E. McGee, head of Consumer and Small Business Banking, effective August 3, 2009.
- 3Mr. McGee will continue with the Corporation in a transitional role until his formal retirement later in 2009.
- 4A press release detailing these management changes was issued on August 3, 2009.
- 5The filing incorporates the news release as Exhibit 99.1.
Frequently Asked Questions
The main purpose of this 8-K filing is to announce significant changes in Bank of America's senior management team, specifically the retirement of a key executive.
Liam E. McGee was the head of Consumer and Small Business Banking at Bank of America. His retirement from this position was announced in this filing.
No, while his resignation from his executive role is effective August 3, 2009, Mr. McGee will continue to work for Bank of America until his official retirement later in the year, suggesting a transition period.
The filing states that a news release was issued on August 3, 2009, detailing these senior management changes. This news release is included as Exhibit 99.1 in the 8-K filing for further reference.