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Bank of America logoBank of America BAC

Bank of America appointed Dean C. Athanasia, President, Regional Banking, and James P. DeMare, President, Global Markets, as Co-Presidents of the Corporation on September 12, 2025, effective immediately.

8-KDeparture or Appointment of Directors or Certain OfficersFiled Period of report Summary published (UTC)

Key points

AI summary
  1. Bank of America appointed Dean C. Athanasia, President, Regional Banking, and James P. DeMare, President, Global Markets, as Co-Presidents of the Corporation on September 12, 2025, effective immediately.

  2. The company appointed Alastair M. Borthwick as Executive Vice President of the Corporation on September 12, 2025, in addition to his current role as Chief Financial Officer, effective immediately.

  3. Bank of America said Athanasia, 59, has served as President, Regional Banking since October 2021, and DeMare, 56, has served as President, Global Markets since September 2020.

  4. The company said Borthwick, 57, has served as Chief Financial Officer since November 2021 and served as President of Global Commercial Banking from October 2012 to October 2021. It noted that material plans, contracts or arrangements between the Corporation and the three executives are described in the Corporation's 2025 Proxy Statement filed on March 10, 2025.

Summary

AI-written

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

2 New Co-Presidents Appointed

Bank of America appointed Dean C. Athanasia, President, Regional Banking, and James P. DeMare, President, Global Markets, as Co-Presidents of the Corporation on September 12, 2025, effective immediately.

Source · Based on the filing body and exhibits

Borthwick Named Executive Vice President in Addition to CFO Role

The company appointed Alastair M. Borthwick as Executive Vice President of the Corporation on September 12, 2025, in addition to his current role as Chief Financial Officer, effective immediately.

Source · Based on the filing body and exhibits

Athanasia and DeMare Career History

Bank of America said Athanasia, 59, has served as President, Regional Banking since October 2021, and DeMare, 56, has served as President, Global Markets since September 2020.

Source · Based on the filing body and exhibits

Borthwick Career History and Compensation Arrangements

The company said Borthwick, 57, has served as Chief Financial Officer since November 2021 and served as President of Global Commercial Banking from October 2012 to October 2021. It noted that material plans, contracts or arrangements between the Corporation and the three executives are described in the Corporation's 2025 Proxy Statement filed on March 10, 2025.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.