Bank of America 8-K 2014
As filed with the Securities and Exchange Commission on September 9, 2014
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
September 9, 2014
BANK OF AMERICA CORPORATION
(Exact name of registrant as specified in its charter)
(Registrant's telephone number, including area code)
(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:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
ITEM 3.03. Material Modification to Rights of Security Holders.
On September 9, 2014, Bank of America Corporation (the “Corporation”) issued 40,000 shares of Series W Preferred Stock (as defined in Item 5.03 below).
Under the terms of the Series W Preferred Stock, the ability of the Corporation to declare or pay dividends on, declare or make distributions with respect to, or repurchase, redeem or otherwise acquire for consideration, shares of its common stock or any preferred stock ranking on a parity with or junior to the Series W Preferred Stock, will be subject to certain restrictions in the event that the Corporation fails to declare and pay full dividends (or declare and set aside a sum sufficient for payment thereof) on its Series W Preferred Stock. The restrictions are set forth in the Certificate of Designations described in Item 5.03 below.
On September 9, 2014, the Corporation filed a Certificate of Designations (the “Certificate of Designations”) with the Secretary of State of the State of Delaware for the purpose of amending its Amended and Restated Certificate of Incorporation to fix the designations, preferences, limitations and relative rights of its 6.625% Non-Cumulative Preferred Stock, Series W, $0.01 par value per share (the “Series W Preferred Stock”). The Series W Preferred Stock has a liquidation preference of $25,000 per share. The Certificate of Designations is attached hereto as Exhibit 3.1 and is incorporated by reference herein.
ITEM 8.01. Other Events.
On September 9, 2014, the Corporation closed the sale of 40,000,000 Depositary Shares, each representing a 1/1,000th interest in a share of the Series W Preferred Stock (the “Depositary Shares”). In addition, the Corporation granted the underwriters an over-allotment option to purchase up to an additional 6,000,000 Depositary Shares. The terms of the offering of the Depositary Shares are described in the Corporation’s Prospectus dated March 30, 2012 constituting a part of the Registration Statement (Registration No. 333-180488), as supplemented by a Prospectus Supplement dated September 2, 2014. Additional exhibits are filed herewith in connection with the offering, issuance and sale of the Depositary Shares.
ITEM 9.01. Financial Statements and Exhibits.
The following exhibits are filed herewith:
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/ ROSS E. JEFFRIES, JR.
Ross E. Jeffries, Jr.
Deputy General Counsel and Corporate
Dated: September 9, 2014
Index To Exhibits