Bank Of America Corporation · NYSE:BAC
Bank Of America — Bank of America Corp /De/ (Bac, Bac-Pb, Bac-Pe, Bac-Pk, Bac-Pl, Bac-Pm, Bac-Pn, Bac-Po, Bac-Pp, Bml-Pg, Bml-Ph, Bml-Pj, Bml-Pl) — Shareholder Meeting (March 2025)
15 slides from Bank Of America's shareholder meeting presentation, Mar 25, 2025
Slide 1: Additional Solicitation Materials 2025 Annual Meeting of Shareholders
Additional Solicitation Materials 2025 Annual Meeting of Shareholders Bank of America Corporation For more details about the information in these additional solicitation materials, please see our 2025 proxy statement
Slide 2: What would you like the power to do?
What would you like the power to do?® At Bank of America, we ask this question every day of all those we serve. It is at the core of how we live our values, deliver our purpose, and achieve Responsible Growth. Our values Deliver together Act responsibly Realize the power of our people Trust the team
Slide 3: Executive Summary
Executive Summary At Bank of America, we continued to drive strong results in 2024 through our focus on Responsible Growth, and our Board, governance, and compensation practices reflect our commitment to deliver consistent, long-term results, informed by input from our shareholders. The Board asks t
Slide 4: We Drove Strong Earnings in 2024
We Drove Strong Earnings in 2024… Solid earnings Strong balance sheet Healthy returns Revenue1 $101.9 billion Net income $27.1 billion Diluted earnings per share $3.21 Deposits $1.97 trillion increased 2% YoY CET1 11.9%2 well above reg. min.3 Robust liquidity GLS $953 billion4 Return on average comm
Slide 5: Enabled by our Organic Growth Engine
… Enabled by our Organic Growth Engine Note: Reflects 2024 results unless otherwise noted. Balance sheet metrics are end of period unless otherwise noted. 1 Includes credit cards across Consumer Banking, Small Business, and Global Wealth & Investment Management (GWIM). 2 Consumer investment assets i
Slide 6: Track Record of Delivering Consistent, Long-Term Results for Shareholders
$29.32 One of only four U.S. companies to deliver 10 consecutive years of net income over $15B as of 20241 $258B $131B Track Record of Delivering Consistent, Long-Term Results for Shareholders Bank of America has delivered $15B+ Net Income for 10 consecutive years, with over $250B net income since 2
Slide 7: Shareholder Input Inform Executive Compensation Actions
Shareholder Input Inform Executive Compensation Actions Overall, investors expressed support for our compensation program and structure, its alignment with the four tenets of Responsible Growth, and the program enhancements implemented in 2023 and early 2024. As a result, the CHCC retained these enh
Slide 8: Performance Evaluation and Pay Decision Process
Stock retention requirements reinforce strong alignment between executives and shareholders Performance Evaluation and Pay Decision Process Each year, the CHCC undertakes a balanced and disciplined approach to evaluate NEO performance and determine compensation, including a review of market compensa
Slide 9: 2024 CEO Performance and Pay Rationale Highlights
2024 CEO Performance and Pay Rationale Highlights The CHCC and our Board undertook a robust performance evaluation and decision process, which included a detailed review of performance results under the four tenets of Responsible Growth. Market compensation benchmarks were also considered in relatio
Slide 10: The Bank of America Corporation Equity Plan (BACEP)
The Bank of America Corporation Equity Plan (BACEP) is a Critical Component of our Pay-for-Performance Compensation Program and our Drive for Responsible Growth We are seeking shareholder approval to amend and restate the BACEP, including to increase the number of shares available under the plan Bro
Slide 11: Lead Independent Director and Director Nominees
Mr. Nowell, as our Lead Independent Director provides robust independent Board leadership and oversight through empowered role with well-defined duties, including: Regularly convenes and presides over executive sessions of our independent directors outside the presence of management and our CEO, and
Slide 12: Our Board Requests your Support For the Following Management Proposals
Our Board Requests your Support For the Following Management Proposals Proposal Our Board’s Perspective Item 1: Election of directors Our Board regularly reviews and renews its composition through thoughtful evaluation, and continues to enhance its director succession planning and selection process
Slide 13: Our Board Recommends a Vote Against the Following Shareholder Proposals
Our Board Recommends a Vote Against the Following Shareholder Proposals Bank of America’s Approach to Shareholder Proposals For more information, see pp. 89-96 of our proxy statement Proposal Primary Filer(s) Our Board’s Perspective Item 5: Requesting the nomination of more director candidates than
Slide 14: Our Board Recommends a Vote Against the Following Shareholder Proposals
Our Board Recommends a Vote Against the Following Shareholder Proposals Proposal Primary Filer(s) Our Board’s Perspective Item 6: Requesting report on Board oversight of risks related to animal welfare Harrington Investments Our Board’s Corporate Governance Committee oversees the management of our s
Slide 15: Endnotes
Endnotes A. Return on average tangible common shareholders' equity measures our net income applicable to common shareholders as a percentage of adjusted average common shareholders' equity. Return on average tangible common shareholders' equity is calculated as net income applicable to common shareh