Business Context and Reporting Period
Company: Energy Company of Minas Gerais (CEMIG)
Filing Type: Form 6-K (Report of Foreign Private Issuer)
Date: April 15, 2003
Context: This filing serves as a corporate announcement summoning shareholders to the Annual General Shareholders' Meeting scheduled for April 30, 2003. The meeting will address matters related to the fiscal year ended December 31, 2002.
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 examination of Financial Statements for the year ended December 31, 2002, but does not include the data within this document.
Capital Distribution: The Board of Directors has approved a distribution of Interest on Capital in the amount of R$220 million. This payment will be made in lieu of the annual dividend.
Material Changes
No material changes in financial performance or operational status are detailed in this filing. The document focuses on corporate governance procedures and the upcoming shareholder vote.
Guidance, Outlook, and Management Commentary
Shareholder Meeting Agenda: The upcoming meeting will deliberate on the following items:
- Examination and voting on the Management Report and Financial Statements for the year ended December 31, 2002.
- Approval of the R$220 million Interest on Capital distribution (in lieu of dividends).
- Determination of the payment method and date for the Interest on Capital.
- Election of Board of Directors members and alternates.
- Election of Fiscal Council members and alternates, including remuneration.
- Establishment of management remuneration.
Voting Rights: A minimum of 5% of the voting capital is required to adopt a cumulative vote for the election of Board of Directors members.
Investor Verification Checklist
- Verify the final approval of the R$220 million Interest on Capital distribution at the April 30, 2003 meeting.
- Review the full Financial Statements and Management Report for the year ended December 31, 2002, which are not included in this filing.
- Confirm the election results for the Board of Directors and Fiscal Council.
- Check for the specific payment date and method for the Interest on Capital once determined by shareholders.