01—Abstract
Summary
Summary of the 8-K filed November 26, 2025. Cited figures are marked; the original filing is the authoritative source.
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.
02—Key points
Key Highlights
- Bank of America Corporation (BAC) is updating its list of designated "executive officers" as defined by SEC rules.
- Effective December 31, 2025, Lindsay D. Hans, Kathleen A. Knox, Matthew M. Koder, and Eric A. Schimpf will cease to be designated as executive officers.
- This 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.
- The individuals no longer designated as executive officers will continue in their current leadership roles within the company.
- Matthew M. Koder, previously a named executive officer, is among those whose designation is changing.
- The filing clarifies reporting structure and aligns with the new Co-President responsibilities.
- This is primarily an administrative update for regulatory compliance and does not signify departures from the company.
03—Questions
Frequently Asked Questions
Why are certain individuals no longer designated as executive officers?
The Board of Directors has determined that effective December 31, 2025, these individuals will no longer hold the "executive officer" designation. This decision appears to be related to the new structure where Co-Presidents Dean C. Athanasia and James P. DeMare are responsible for the Corporation's lines of business.
Does this mean Lindsay D. Hans, Kathleen A. Knox, Matthew M. Koder, or Eric A. Schimpf are leaving Bank of America?
No, the filing explicitly states that these individuals will continue in their current leadership positions. This is a change in their designation for regulatory purposes, not a change in their employment status or roles within the company.
What is the significance of being an "executive officer" under SEC rules?
Under Rule 3b-7 of the Securities Exchange Act of 1934, an "executive officer" generally refers to a president, vice president in charge of a principal business unit, division, or function, and any other officer who performs similar policy-making functions. This designation is important for disclosure requirements in SEC filings, particularly regarding compensation and corporate governance.
How does this change affect Matthew M. Koder, who was a named executive officer?
While Matthew M. Koder will no longer be designated as an "executive officer" for the purposes of this filing, he remains President of Global Corporate & Investment Banking. His compensation and performance will still be disclosed as required, potentially through other sections of the company's filings if he falls under other disclosure categories.
04—Continue