As
filed with the Securities and Exchange Commission on October 3, 2008.
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):
October 3, 2008
BANK OF AMERICA CORPORATION
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation)
1-6523
(Commission File Number)
56-0906609
(IRS Employer Identification No.)
100 North Tryon Street
Charlotte, North Carolina 28255
(Address of principal executive offices)
(704) 386-5681
(Registrants 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:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
ITEM
8.01. OTHER EVENTS
On September 15, 2008, Bank of America Corporation (Bank of America) and Merrill Lynch &
Co., Inc. (Merrill Lynch) entered into an Agreement and Plan of Merger, dated as of September 15,
2008 (the Merger Agreement), pursuant to which a wholly-owned merger subsidiary of Bank of
America (Merger Sub) will, subject to the terms and conditions of the Merger Agreement, merge
(the Merger) with and into Merrill Lynch, with Merrill Lynch continuing as the surviving company
and a subsidiary of Bank of America.
Subject to the terms and conditions to the Merger Agreement, which has been approved by the
Boards of Directors of both companies, if the Merger is completed, each share of Merrill Lynch
common stock will be converted into 0.8595 (the Exchange Ratio) of a share of Bank of America
common stock. Non-convertible preferred stock of Merrill Lynch will be exchanged for preferred
stock issued by Bank of America having substantially identical terms. Convertible preferred stock
of Merrill Lynch will remain outstanding after the Merger and will thereafter be convertible in
accordance with its terms into shares of Bank of America common stock based on the Exchange Ratio.
In addition, as of consummation of the Merger, outstanding Merrill Lynch stock options and other
stock-based awards will be converted into stock options and other stock-based awards with respect
to shares of Bank of America common stock, with adjustments to reflect the Exchange Ratio.
Consummation of the Merger is subject to certain customary conditions, including, among
others, approval of stockholders of both Bank of America and Merrill Lynch, governmental filings
and regulatory approvals and expiration of applicable waiting periods, accuracy of the
representations and warranties of the other party (generally subject to a material adverse effect
standard), and material compliance by the other party with its obligations under the Merger
Agreement.
Preliminary unaudited pro forma condensed combined financial data reflecting
the Merger and certain historical financial statements of Merrill Lynch are attached hereto as Exhibits 99.1 and 99.2.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
This document contains or incorporates by reference a number of
forward-looking statements, including statements about the
financial conditions, results of operations, earnings outlook
and prospects of Bank of America, Merrill Lynch and the
potential combined company and may include statements for the
period following the completion of the merger.
The forward-looking statements involve certain risks and
uncertainties. The ability of either Bank of America or Merrill
Lynch to predict results or the actual effects of its plans and
strategies, or those of the combined company, is subject to
inherent uncertainty. Factors that may cause actual results or
earnings to differ materially from such forward-looking
statements include those set forth below:
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those discussed and identified in public filings with the SEC
made by Bank of America or Merrill Lynch;
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completion of the merger is dependent on, among other things,
receipt of stockholder and regulatory approvals, the timing of
which cannot be predicted with precision and which may not be
received at all;
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the extent and duration of continued economic and market
disruptions and governmental regulatory proposals to address
these disruptions;
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the merger may be more expensive to complete than anticipated,
including as a result of unexpected factors or events;
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the integration of Merrill Lynchs business and operations
with those of Bank of America may take longer than anticipated,
may be more costly than anticipated and may have unanticipated
adverse results relating to Merrill Lynchs or Bank of
Americas existing businesses;
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the anticipated cost savings and other synergies of the merger
may take longer to be realized or may not be achieved in their
entirety, and attrition in key client, partner and other
relationships relating to the merger may be greater than
expected;
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decisions to restructure, divest or eliminate business units or
otherwise change the business mix of either company;
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the risk of new and changing regulation
and/or
regulatory actions in the U.S. and internationally; and
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the exposure to litigation, including the possibility that
litigation relating to the merger agreement and related
transactions could delay or impede the completion of the merger.
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Because these forward-looking statements are subject to
assumptions and uncertainties, actual results may differ
materially from those expressed or implied by these
forward-looking statements. You are cautioned not to place undue
reliance on these statements, which speak only as of the date of
this document.
All subsequent written and oral forward-looking statements
concerning the merger or other matters addressed in this
document and attributable to Bank of America or Merrill Lynch or
any person acting on their behalf are expressly qualified in
their entirety by the cautionary statements contained or
referred to in this document. Except to the extent required by
applicable law or regulation, Bank of America and Merrill Lynch
undertake no obligation to update these forward-looking
statements to reflect events or circumstances after the date of
this document or to reflect the occurrence of unanticipated
events.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits.
The
following exhibits are filed herewith:
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EXHIBIT NO. |
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DESCRIPTION OF EXHIBIT |
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15.1 |
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Letter of Deloitte & Touche LLP regarding Unaudited Interim Financial Information
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23.1 |
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Consent of Independent Registered Public Accounting Firm
of Merrill Lynch & Co., Inc., Deloitte & Touche LLP
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99.1 |
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Preliminary Unaudited Pro Forma Condensed Combined Financial Data |
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99.2 |
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Financial Statements of Merrill
Lynch & Co., Inc.
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