Bank of America Announces Preliminary Voting Results of 2017 Annual Meeting of Stockholders
April 26 2017 - 11:46AM
Business Wire
Bank of America Corporation today announced preliminary results
of matters voted upon during the company’s 2017 annual meeting of
stockholders. Stockholders:
- Elected the 14 board of director
nominees (preliminary percentages below).
- Approved the “Say on Pay” executive
compensation resolution with approximately 96 percent of the vote
cast in favor.
- Approved the “Say on Frequency”
resolution with approximately 89 percent of the vote cast in favor
of annual future advisory votes on executive compensation.
- Ratified the appointment of
PricewaterhouseCoopers LLP as the company’s independent registered
public accounting firm for 2017 with approximately 99 percent of
the votes cast in favor.
Further, stockholders did not approve any of the stockholder
proposals, with:
- Approximately 6 percent of the vote
cast in favor of a proposal that the board amend the company’s
general clawback policy.
- Approximately 3 percent of the vote
cast in favor of a proposal that the board analyze divestiture of
non-core assets.
- Approximately 33 percent of the vote
cast in favor of the proposal that the board amend governing
documents to require the chair, whenever possible, to be an
independent member of the board.
- Approximately 15 percent of the vote
cast in favor of a proposal that the board prepare a gender pay gap
report.
The approximate percentage of votes cast in favor of each
director:
- Sharon L. Allen: 99 percent
- Susan S. Bies: 99 percent
- Jack O. Bovender, Jr.: 98 percent
- Frank P. Bramble, Sr.: 99 percent
- Pierre J.P. de Weck: 99 percent
- Arnold W. Donald: 90 percent
- Linda P. Hudson: 99 percent
- Monica C. Lozano: 99 percent
- Thomas J. May: 97 percent
- Brian T. Moynihan: 97 percent
- Lionel L. Nowell, III: 99 percent
- Michael D. White: 99 percent
- Thomas D. Woods: 99 percent
- R. David Yost: 99 percent
Results are considered preliminary, with final figures reported
on a Form 8-K to be filed with the Securities and Exchange
Commission.
Bank of AmericaBank of America is one of the world's leading
financial institutions, serving individual consumers, small and
middle-market businesses and large corporations with a full range
of banking, investing, asset management and other financial and
risk management products and services. The company provides
unmatched convenience in the United States, serving approximately
47 million consumer and small business relationships with
approximately 4,600 retail financial centers, approximately 15,900
ATMs, and award-winning digital banking with approximately 35
million active users and more than 22 million mobile users. Bank of
America is a global leader in wealth management, corporate and
investment banking and trading across a broad range of asset
classes, serving corporations, governments, institutions and
individuals around the world. Bank of America offers
industry-leading support to approximately 3 million small business
owners through a suite of innovative, easy-to-use online products
and services. The company serves clients through operations in all
50 states, the District of Columbia, the U.S. Virgin Islands,
Puerto Rico and more than 35 countries. Bank of America Corporation
stock (NYSE: BAC) is listed on the New York Stock Exchange.
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www.bankofamerica.com
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version on businesswire.com: http://www.businesswire.com/news/home/20170426006103/en/
Investors May Contact:Lee McEntire, Bank of America,
1.980.388.6780Reporters May Contact:Lawrence Grayson, Bank of
America, 1.704.995.5825lawrence.grayson@bankofamerica.com
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