Business Context and Reporting Period
This Form 6-K filing by Companhia de Saneamento Básico do Estado de São Paulo - SABESP (SABESP) was submitted on August 28, 2009. The document primarily contains excerpts from the minutes of the 699th Board of Directors meeting held on June 18, 2009. The filing does not cover a specific financial reporting period for operational results but rather reports on corporate governance actions and executive appointments.
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 report of a Board meeting and does not contain financial statements or operational data.
Material Changes
The primary material change reported is the re-election of the Company's Joint Committee (Executive Officers) for a two-year term. The Board approved the following appointments:
- CEO: Gesner José de Oliveira Filho
- Technology, Enterprises and Environment Officer: Marcelo Salles Holanda de Freitas
- Corporate Management Officer: Marcio Saba Abud
- Metropolitan Officer: Paulo Massato Yoshimoto
- Chief Financial Officer and Investor Relations Officer: Rui de Britto Álvares Affonso
- Regional Systems Officer: Umberto Cidade Semeghini
The meeting also noted the absence of Board member Mr. Francisco Vidal Luna.
Guidance, Outlook, and Risks
The filing includes a standard "Forward-Looking Statements" disclaimer. It states that any forward-looking statements regarding dividends, operating strategies, capital expenditure plans, or future financial conditions are based on management's current views and estimates. These statements are subject to risks and uncertainties, including general economic and market conditions, industry conditions, and operating factors. There is no guarantee that expected events or trends will occur.
Investor Verification Checklist
- Verify the official registration of the new Joint Committee members with the Brazilian Trade Board (Registry number 233.114/09 -9).
- Confirm the effective date of the two-year term for the newly appointed executive officers.
- Review subsequent filings (e.g., Form 20-F) for the actual financial performance and operational metrics for the period ending September 30, 2009, as this 6-K does not contain them.
- Monitor for any changes in the Board composition following the noted absence of Mr. Francisco Vidal Luna.