Business Context and Reporting Period
This Form 6-K filing by Embraer S.A. covers the period ending January 24, 2019. The report discloses a material fact regarding a strategic partnership with The Boeing Company involving Embraer's commercial aviation business and the creation of a joint venture for the KC-390 multi-mission airplane.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This document is a disclosure of a material event rather than a financial results report.
Material Changes
- Strategic Partnership: Embraer and The Boeing Company entered into a Master Transaction Agreement and a Contribution Agreement.
- Scope: The agreements cover the commercial aviation business and a joint venture for the KC-390 airplane.
- Shareholder Approval: The transaction requires approval at an Extraordinary Shareholders' Meeting scheduled for February 26, 2019.
Outlook, Risks, and Contingencies
The consummation of the transaction is contingent upon several conditions:
- Approval by Embraer's shareholders.
- Approval by antitrust authorities in Brazil, the United States, and other applicable jurisdictions.
- Satisfaction of other customary conditions for similar transactions.
Management has committed to keeping shareholders and the market informed of new material information regarding the transaction.
Investor Verification Checklist
- Verify the outcome of the Extraordinary Shareholders' Meeting scheduled for February 26, 2019.
- Monitor regulatory filings for antitrust approval status in Brazil and the United States.
- Review the full text of the Master Transaction Agreement and Contribution Agreement for specific financial terms and asset transfers.
- Check for subsequent filings regarding the final consummation date of the transaction.