OREANDA-NEWS. Bank of America shareholders today approved a proposal to ratify the 2014 amendments to the company’s bylaws that permitted the board of directors to determine its leadership structure, including appointing an independent chairman or appointing a lead independent director when the chairman is not an independent director.

 

At a special meeting of shareholders held today, the company announced preliminary results of the shareholder vote. Approximately 63 percent of shares voted were cast in favor of the proposal. The vote results announced at the meeting are considered preliminary; final results will be reported on a Form 8-K filed with the Securities and Exchange Commission this week.

"We held today's vote in direct response to extensive shareholder engagement,” said Lead Independent Director Jack Bovender. “We appreciate the opportunity so many of our shareholders gave us to discuss this issue, and our board looks forward to continuing this constructive engagement.”

Chairman and CEO Brian Moynihan said, “We are pleased our shareholders had the chance to express their views, and we appreciate their support to continue driving our company forward for them and for our customers and clients.”