We noted recently that the Bank of America (NYSE: BAC) annual shareholder meeting went pretty well. Brian Moynihan (Brian Moynihan news) was spared the howls and anger that befell former CEO Ken Lewis (Ken Lewis news) a year ago. A new chairman, Chad Holliday, was also elected.

But somewhat lost amid the good feelings was the news that Bank of America shareholders passed a resolution that would give them the right to call a special shareholder meeting if at least 10 percent of total shares vote for it. That lowers the threshold from 25 percent. Fortune notes that Bank of America management had urged shareholders to vote against the resolution, but it passed anyway. After what Bank of America shareholders have been through, this is hardly a surprise. Hopefully, management will not give shareholders the need to call such a meeting. 

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