Credicorp Ltd. Form 6-K Summary
Business Context and Reporting Period
This Form 6-K reports a material event for Credicorp Ltd., a Bermuda-based foreign private issuer, regarding its Annual General Meeting of Shareholders held on March 31, 2017. The filing notifies the Superintendencia del Mercado de Valores (SMV) of resolutions passed during the meeting.
Key Financial Metrics
The filing does not provide specific revenue, profit, cash flow, margin, debt, or liquidity figures for the current or prior periods. It references the approval of audited consolidated financial statements for the year ended December 31, 2016, but does not disclose the numerical results within this document.
Material Changes and Corporate Actions
- Financial Statement Approval: Shareholders approved the audited consolidated financial statements for the fiscal year ended December 31, 2016, audited by Gaveglio, Aparicio y Asociados (PricewaterhouseCoopers).
- Board Elections: Eight directors were elected to serve until the 2020 Annual General Meeting: Benedicto Cigüeñas Guevara, Fernando Fort Marie, Patricia Lizárraga Guthertz, Raimundo Morales Dasso, Martín Pérez Monteverde, Luis Romero Belismelis, Dionisio Romero Paoletti, and Juan Carlos Verme Giannoni.
- Director Compensation:
- Annual remuneration set at US$130,000 per director.
- Session fee of US$1,500 for Executive Committee attendance (excluding directors compensated by Banco de Credito del Peru).
- Additional annual remuneration of US$40,000 for Audit Committee participation.
- Auditor Appointment: Gaveglio, Aparicio y Asociados was reappointed as independent external auditor for 2017, with fee approval delegated to the Audit Committee.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, or discussion of risks and contingencies. It is strictly a notification of shareholder meeting resolutions.
Investor Verification Checklist
- Verify the full audited financial statements for the year ended December 31, 2016, to obtain actual revenue and profit figures.
- Confirm the specific fees approved for the 2017 external auditor by the Audit Committee.
- Review the composition of the newly elected Board of Directors and their tenure terms.
- Check for any subsequent filings regarding the implementation of the new director compensation structure.