Summary
This 8-K filing from Bank of America Corporation (BAC) dated November 12, 2015, primarily announces a significant leadership change within its legal department. Gary G. Lynch, currently serving as Vice Chairman and Global General Counsel, will step down from his role as Global General Counsel effective January 1, 2016. Mr. Lynch will continue his tenure as Vice Chairman, indicating a continued involvement with the company in a different capacity. This transition is accompanied by the appointment of David G. Leitch as the new Global General Counsel, also effective January 1, 2016. The company issued a press release on November 12, 2015, to formally announce Mr. Leitch's hiring for this critical role.
Key Highlights
- 1Gary G. Lynch is stepping down as Global General Counsel, effective January 1, 2016.
- 2Gary G. Lynch will continue to serve as Vice Chairman of Bank of America Corporation.
- 3David G. Leitch has been appointed as the new Global General Counsel, effective January 1, 2016.
- 4The filing includes a press release announcing Mr. Leitch's appointment.
- 5This represents a key executive transition in the company's legal leadership.
Frequently Asked Questions
The main purpose of this 8-K filing is to announce a change in executive leadership within Bank of America Corporation, specifically the transition of the Global General Counsel role and the appointment of a new General Counsel.
No, Gary G. Lynch will no longer serve as the Global General Counsel but will continue his role as Vice Chairman of the Corporation.
David G. Leitch has been appointed as the new Global General Counsel, with his appointment effective January 1, 2016.
Both Gary G. Lynch's transition from Global General Counsel and David G. Leitch's appointment as Global General Counsel are effective January 1, 2016.