BofA to allow large investors to make board nominations

• Stockholders (or groups of stockholders up to 20) who own stakes of 3% or higher for at least three years will be allowed to nominate directors, under changes to Bank of America (BAC +1.5%) bylaws announced today.
• So-called "proxy access" is a hot new trend this year, and BofA is the latest large company to come along.
• SEC Form 8-K