Summary
This 8-K filing from Bank of America Corporation (BAC) announces a change in the designation of certain senior management personnel. Effective December 31, 2025, four individuals – Lindsay D. Hans, Kathleen A. Knox, Matthew M. Koder, and Eric A. Schimpf – will no longer be designated as "executive officers" as defined by SEC rules. This change follows the earlier announcement of Dean C. Athanasia and James P. DeMare's appointment as Co-Presidents, responsible for the Corporation's business lines. While not an indication of departure from the company, this reclassification streamlines the reporting structure and may align with the new Co-President roles. Investors should note that these individuals, including Matthew M. Koder who was a named executive officer in the prior proxy statement, will maintain their current leadership positions. The filing primarily serves to update the Corporation's list of official executive officers for regulatory purposes, ensuring transparency in reporting key management personnel.
Key Highlights
- 1Bank of America Corporation (BAC) is updating its list of designated "executive officers" as defined by SEC rules.
- 2Effective December 31, 2025, Lindsay D. Hans, Kathleen A. Knox, Matthew M. Koder, and Eric A. Schimpf will cease to be designated as executive officers.
- 3This change is a result of the Board's determination and follows the prior appointment of Dean C. Athanasia and James P. DeMare as Co-Presidents overseeing business lines.
- 4The individuals no longer designated as executive officers will continue in their current leadership roles within the company.
- 5Matthew M. Koder, previously a named executive officer, is among those whose designation is changing.
- 6The filing clarifies reporting structure and aligns with the new Co-President responsibilities.
- 7This is primarily an administrative update for regulatory compliance and does not signify departures from the company.