Business Context and Reporting Period
Company: Macro Bank Inc.
Filing Type: Form 6-K (Report of Foreign Private Issuer)
Date: April 3, 2019
Context: The filing discloses a relevant event regarding the upcoming General and Special Shareholders' Meeting. The Board of Directors received a formal letter from shareholders Jorge Horacio Brito and Delfín Jorge Ezequiel Carballo detailing their intent to nominate new candidates for the Board of Directors.
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 governance event and does not contain financial performance data.
Material Changes
There are no financial material changes reported in this filing. The material event is the notification of shareholder nominations for the Board of Directors, which may alter the composition of the Board at the upcoming meeting.
Guidance, Outlook, and Management Commentary
- Shareholder Nominations: Shareholders Brito and Carballo intend to nominate the following individuals for the Board of Directors for a three-year term:
- Regular Directors: Jorge Pablo Brito, Carlos Alberto Giovanelli, Nelson Damián Pozzoli, and José Alfredo Sánchez.
- Alternate Directors: Santiago Horacio Seeber and Fabián Alejandro de Paul.
- Contingency Plan: The shareholders stated that if the Argentine Securities Exchange Commission (CNV) issues a negative resolution regarding the independence of Mr. José Alfredo Sánchez prior to the meeting, they will:
- Nominate Mr. Fabián Alejandro de Paul as a regular director to replace Mr. Sánchez.
- Nominate Mr. Alan Whamond as an alternate director to replace Mr. de Paul.
Investor Verification Checklist
- Verify the date and agenda of the upcoming General and Special Shareholders' Meeting.
- Monitor the Argentine Securities Exchange Commission (CNV) for any resolution regarding the independence of Mr. José Alfredo Sánchez.
- Confirm the final list of director nominees once the CNV decision (if applicable) is rendered.
- Review the voting results of the upcoming shareholders' meeting to determine the final Board composition.