SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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):
July 26, 2000
BANK OF AMERICA CORPORATION
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation or organization)
1-6523
(Commission File Number)
56-0906609
(IRS Employer Identification No.)
100 North Tryon Street
Charlotte, North Carolina
(Address of principal executive offices)
28255
(Zip Code)
(888) 279-3457
(Registrant's telephone number, including area code)
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ITEM 5. OTHER EVENTS.
A. Stock Buyback Program
On July 26, 2000, Bank of America (the "Registrant") announced
its approval of a new stock buyback program to purchase from time to time up to
100 million shares of its common stock in open market or private transactions,
including accelerated and put option buyback programs. A copy of the press
release announcing the new program is filed as Exhibit 99.1 to this Current
Report on Form 8-K.
B. Productivity and Investment Initiatives
On July 28, 2000, the Registrant announced a series of
productivity and investment initiatives designed to strengthen revenue growth,
support earnings momentum and improve the customer experience. As part of these
initiatives, the Registrant expects to eliminate between 9,000 and 10,000
positions. A copy of the press release announcing these initiatives is filed as
Exhibit 99.2 to this Current Report on Form 8-K.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits.
The following exhibits are filed herewith:
EXHIBIT NO. DESCRIPTION OF EXHIBIT
99.1 Press Release dated July 26, 2000 with
respect to the Registrant's new stock
buyback program.
99.2 Press Release dated July 28, 2000 with
respect to the Registrant's productivity
and investment initiatives.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, 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/ Charles M. Berger
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Charles M. Berger
Deputy General Counsel
Dated: July 31, 2000
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EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION OF EXHIBIT
99.1 Press Release dated July 26, 2000 with
respect to the Registrant's new stock
buyback program.
99.2 Press Release dated July 28, 2000 with
respect to the Registrant's productivity
and investment initiatives.
