UNITED STATES
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): November 1, 2010
Merrill Lynch & Co., Inc.
(Exact Name of Registrant as Specified in its Charter)
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| Delaware
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1-7182
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13-2740599 |
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(State or Other
Jurisdiction of
Incorporation)
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(Commission
File Number)
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(I.R.S. Employer
Identification No.) |
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| Bank of America Corporate Center |
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| 100 N. Tryon Street |
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| Charlotte, North Carolina
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28255 |
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(Zip Code) |
Registrant’s telephone number, including area code: (704) 386-5681
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:
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))
TABLE OF CONTENTS
Item 1.01 — Entry into a Material Definitive Agreement
On November 1, 2010, Merrill Lynch & Co., Inc. (“Merrill Lynch”) entered into an Agreement and Plan
of Merger dated November 1, 2010 (the “Merger Agreement”) with Banc of America Securities Holdings
Corporation (“BASH”). Each of Merrill Lynch and BASH is a wholly-owned subsidiary of Bank
of America Corporation (“Bank of America”) and certain of the officers and directors of Merrill
Lynch are also officers and directors of BASH. Pursuant to the Merger Agreement, Merrill Lynch and
BASH have agreed to the merger of BASH into Merrill Lynch (the “BASH Merger”), with Merrill Lynch
as the surviving corporation in the BASH Merger, and the Certificate of Incorporation and the
Bylaws of Merrill Lynch continuing as the Certificate of Incorporation and Bylaws of Merrill Lynch
following the BASH Merger. As a result of the BASH Merger, pursuant to the Merger Agreement, all
of the issued and outstanding capital stock of Merrill Lynch will remain outstanding and all of the
issued and outstanding capital stock of BASH will be cancelled with no consideration to be paid
with respect thereto. In addition, as a result of the BASH Merger, Banc of America Securities LLC
(“BAS”), a direct wholly-owned broker-dealer subsidiary of BASH, will become a direct wholly-owned
broker-dealer subsidiary of Merrill Lynch.
As described in Item 2.01 below, on November 1, 2010, pursuant to the Merger Agreement, Merrill
Lynch and BASH completed the BASH Merger.
The foregoing summary of the Merger Agreement is not complete and is qualified in its entirety by
reference to the full text of the Merger Agreement, which is filed herewith as Exhibit 10.1 and is
incorporated herein by reference.
Item 2.01 — Completion of Acquisition or Disposition of Assets
On November 1, 2010, pursuant to the Merger Agreement, BASH merged into Merrill Lynch, with Merrill
Lynch as the surviving corporation in the BASH Merger. As a result of the BASH Merger, pursuant to
the Merger Agreement, all of the issued and outstanding capital stock of Merrill Lynch remained
outstanding and all issued and outstanding capital stock of BASH was cancelled with no
consideration paid with respect thereto. In addition, as a result of the BASH Merger, BAS became a
direct wholly-owned broker-dealer subsidiary of Merrill Lynch. Subsequently, BAS was merged into
Merrill Lynch, Pierce, Fenner & Smith Incorporated (“MLPF&S”), a direct wholly-owned broker-dealer
subsidiary of Merrill Lynch, with MLPF&S as the surviving corporation in this merger (the “MLPF&S
Merger”). As a result of the MLPF&S Merger, all of the issued and outstanding capital stock of
MLPF&S remained outstanding and all of the issued and outstanding membership interests of BAS were
cancelled with no consideration paid with respect thereto. In addition, as a result of the MLPF&S
Merger, MLPF&S, as the surviving corporation, remained a direct wholly-owned broker-dealer
subsidiary of Merrill Lynch and an indirect wholly-owned broker-dealer subsidiary of Bank of
America.
In addition, the information set forth in Item 1.01 above is incorporated by reference into this
Item 2.01.
Item 9.01 — Financial Statements and Exhibits
(a) Financial Statements of Business Acquired
The
following consolidated financial statements of BASH and subsidiaries are filed as Exhibit 99.2 and are incorporated herein by
reference:
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Unaudited Consolidated Financial Statements of BASH
and Subsidiaries as of and for the six months ended June 30, 2010. |
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Audited Consolidated Financial Statements of BASH and
Subsidiaries for the years ended December 31, 2009, 2008 and 2007. |
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