Business Context and Reporting Period
This Form 6-K filing by Embraer S.A. covers the month of January 2019, specifically dated January 10, 2019. The report addresses a material fact regarding a strategic partnership between Embraer and The Boeing Co.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This document is a disclosure of a corporate event rather than a financial performance report.
Material Changes
The primary material change disclosed is the approval by the Brazilian Federal Government of the strategic partnership (the "Transaction") between Embraer and The Boeing Co., previously disclosed on December 17, 2018.
Guidance, Outlook, and Risks
The consummation of the Transaction is subject to several conditions, including:
- Ratification by Embraer's Board of Directors of resolutions taken on December 17, 2018, and authorization to execute the Master Transaction Agreement and Contribution Agreement.
- Approval by Embraer's shareholders at an Extraordinary Shareholders' Meeting.
- Approval by antitrust authorities in Brazil, the United States, and other applicable jurisdictions.
- Satisfaction of other customary conditions for similar transactions.
Management stated the company will keep shareholders and the market informed of new material information regarding the Transaction.
Investor Verification Checklist
- Confirm the status of the Board of Directors' ratification of the December 17, 2018 resolutions.
- Verify the scheduling and outcome of the Extraordinary Shareholders' Meeting.
- Monitor regulatory approvals from antitrust authorities in Brazil and the United States.
- Review the terms of the Master Transaction Agreement and Contribution Agreement once executed.