As filed with the Securities and Exchange Commission on February 2, 2010
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
January 27, 2010
BANK OF AMERICA CORPORATION
(Exact name of registrant as specified in its charter)
| | | | |
| Delaware | | 1-6523 | | 56-0906609 |
(State or Other Jurisdiction of Incorporation) | | (Commission File Number) | | (IRS Employer Identification No.) |
| | |
100 North Tryon Street Charlotte, North Carolina | | 28255 |
| (Address of principal executive offices) | | (Zip Code) |
(704) 386-5681
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
| ITEM 5.02. | DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS |
On January 27, 2010, the Compensation and Benefits Committee of the Board of Directors of Bank of America Corporation (and, with respect to Mr. Moynihan, the full Board of Directors) approved increases to the annual base salaries, payable in cash, of the executive officers listed in the table below. The base salary increases are effective as of January 1, 2010.
| | | | | | |
Name | | Current Base Salary | | New Base Salary |
Brian T. Moynihan
Chief Executive Officer and President | | $ | 800,000 | | $ | 950,000 |
Joe L. Price
President, Consumer, Small Business and Card Banking | | $ | 500,000 | | $ | 800,000 |
Barbara J. Desoer
President, Bank of America Home Loans and Insurance | | $ | 500,000 | | $ | 800,000 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| | |
| BANK OF AMERICA CORPORATION |
| |
| By: | | /S/ TERESA M. BRENNER |
| | Teresa M. Brenner |
| | Associate General Counsel |
Dated: February 2, 2010
