- Bank of America (NYSE:BAC) is likely to put shareholders to a vote this year to decide whether CEO Brian Moynihan keeps his title as chairman of the board, Reuters reports.
- The bank had said that a vote wouldn't take place any later than its 2016 annual meeting, but didn't set specifics. Today's proxy filing sets a special meeting that a source says will come this year.
- The date isn't set in pen yet because the SEC must review the proxy first, the source said.
Reuters: Vote on Moynihan's BofA chairmanship coming this year
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