Business Context and Reporting Period
Embraer S.A., a Brazilian aerospace company, filed this Form 6-K on June 14, 2013. The filing announces a corporate action approved by the Board of Directors regarding the distribution of Interest on Shareholders' Equity (JCP) for the Second Quarter of 2013.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, margins, debt, or liquidity metrics. The only specific financial figure disclosed is the total distribution amount:
- Total Interest on Shareholders' Equity: R$29,133,165.76
- Per Share Distribution: R$0.04 per common share
- Per ADS Distribution: R$0.16 per American Depositary Share (ADS)
Material Changes
The filing does not contain comparative financial data or discuss material changes in operating results versus prior periods. It solely reports the approval of the current quarter's shareholder distribution.
Guidance, Outlook, and Management Commentary
There is no forward-looking guidance, outlook, or management commentary on operational performance in this document. The filing details the mechanics of the distribution:
- Taxation: Subject to 15% withholding tax (25% for tax haven residents), unless exempt.
- Dividend Calculation: This distribution counts toward the mandatory dividend requirement for the fiscal year under Brazilian corporate legislation.
- Record Dates: June 24, 2013 (BM&FBovespa) and June 27, 2013 (NYSE).
- Ex-Dividend Dates: June 25, 2013 for both exchanges.
- Payment Dates: July 18, 2013 (Brazil) and July 25, 2013 (ADS holders).
Investor Verification Checklist
- Verify the total distribution amount of R$29,133,165.76 against the number of outstanding shares to confirm the per-share calculation.
- Confirm the applicable withholding tax rate based on the investor's residency status (15% vs. 25%).
- Check the record date (June 24/27, 2013) to ensure share ownership eligibility.
- Review the company's full Q2 2013 earnings release for comprehensive revenue and profit data, as this filing does not contain them.