Business Context and Reporting Period
This Form 6-K filing by Banco Bradesco S.A. covers the month of August 2020, with the report signed on September 11, 2020. The document serves as a regulatory disclosure pursuant to Brazilian Instruction CVM No. 358/2002, Paragraph 11. It details transactions involving securities and derivatives conducted by the company's administration, family dependents, board members, and controlled entities.
Key Financial Metrics and Shareholder Activity
The filing does not provide consolidated financial statements, revenue, profit, or cash flow data for the period. Instead, it reports specific shareholding movements and balances for related parties:
- Group and Family Dependents: Held a total of 3,150,068,135 Common Shares (35.51% of total) and 100,055,459 Non-Voting Shares (1.13% of total) with no change in balance during August 2020.
- Board of Directors: Sold a net total of 111,784 Non-Voting Shares. The total value of these sales was approximately R$ 2,346,071.42. The closing balance for Non-Voting Shares was 43,770,792.
- Board of Executive Officers: Engaged in both buying and selling activities. They purchased 67,700 Non-Voting Shares (approx. R$ 1,486,058.00) and sold 10,722 Non-Voting Shares (approx. R$ 235,393.65). The net result was an increase in holdings, with a closing balance of 1,706,693 Non-Voting Shares.
- Audit Committee: Purchased 300 Non-Voting Shares for a total value of R$ 6,606.79. Closing balance was 140,395 Non-Voting Shares.
- Treasury: Held 7,307,259 Common Shares and 27,378,542 Non-Voting Shares with no movement reported.
Material Changes
Material changes were limited to the trading activities of the Board of Directors and Executive Officers. The Board of Directors reduced their Non-Voting shareholding by 111,784 units. Conversely, the Board of Executive Officers increased their Non-Voting shareholding by a net of 56,978 units. No operations were reported for the Audit Committee, Technical and Advisory Agencies, or the numerous controlled and related companies listed in the filing.
Guidance, Outlook, and Risks
The filing contains a standard forward-looking statements disclaimer. It notes that any statements regarding future economic circumstances, industry conditions, company performance, dividend declarations, or capital expenditure plans are based on management's current views and estimates. The document explicitly states that there is no guarantee that expected events or trends will occur and that actual results may differ materially due to risks and uncertainties.
Investor Verification Checklist
- Verify the net reduction in shareholding by the Board of Directors (111,784 Non-Voting shares sold).
- Confirm the net increase in shareholding by the Board of Executive Officers (56,978 Non-Voting shares net bought).
- Note that the controlling Group and Family Dependents maintained a static position with no trades in August 2020.
- Understand that this filing does not contain operational financial results (revenue, net income) for the period.