SEC Filing Summary: Companhia de Saneamento Básico do Estado de São Paulo - SABESP
Business Context and Reporting Period
This Form 6-K filing, dated March 24, 2005, reports on an Extraordinary General Meeting of Shareholders held on March 21, 2005, in São Paulo, Brazil. The registrant, SABESP, is a publicly-held corporation providing basic sanitation services. The filing documents corporate governance actions rather than periodic financial results.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity for the period ending March 31, 2005. The only financial figure disclosed is the company's subscribed and paid-up capital, which stands at R$ 3,403,688,565.23.
Material Changes
The primary material change reported is a modification to the Board of Directors composition:
- Resignation: Board Member Andrea Sandro Calabi resigned.
- Appointment: Mr. Martus Antonio Rodrigues Tavares was elected to fill the vacant position for the remaining term of office.
- Compensation: The new board member's monthly compensation is set at 0.2 times the CEO's stipulated compensation, with an obligation to attend one meeting per month.
Guidance, Outlook, and Risks
The filing contains a standard "Forward-Looking Statements" disclaimer. It notes that statements regarding future dividends, operating strategies, capital expenditure plans, and financial conditions are based on management's current estimates and are subject to risks and uncertainties. No specific operational guidance or new risk factors were introduced in this document.
Investor Verification Checklist
- Verify the official appointment of Martus Antonio Rodrigues Tavares to the Board of Directors.
- Confirm the resignation of Andrea Sandro Calabi and the effective date of the vacancy.
- Review the voting records of minority shareholders, noting abstentions by Gard P&I (Bermuda) Ltd, HSBC Investor International Equity Fund, and Alliance Collective Investment Trust regarding the board election.
- Check subsequent filings for the first quarterly financial results, as this 6-K does not contain performance data.