Business Context and Reporting Period
This Form 6-K filing by Embraer S.A. covers the month of May 2012. The report discloses a corporate governance update resulting from an extraordinary Board of Directors meeting held virtually on May 29, 2012.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is limited to personnel announcements and contains no financial performance data.
Material Changes
The primary material change disclosed is the appointment of new executive leadership. The Board elected Mr. José Antonio de Almeida Filippo to the position of Executive Vice-President and Chief Financial and Investor Relations Officer.
Guidance, Outlook, and Management Commentary
- Appointment Details: Mr. Filippo's mandate begins on June 4, 2012.
- Term Duration: The term concludes upon the first Board meeting following the Annual Shareholder Meeting that approves the financial statements for the period ending December 31, 2012.
- Compensation: Remuneration will be in line with values informed during the meeting.
- Compliance: The appointee has declared no involvement in criminal actions prohibiting the activity and meets requirements under Brazilian law (Law 6.404) and CVM Instruction 367.
Key Facts for Investor Verification
- Confirmation of Mr. José Antonio de Almeida Filippo's start date of June 4, 2012.
- Verification of the specific remuneration package agreed upon during the Board meeting.
- Monitoring of the upcoming Annual Shareholder Meeting to determine the exact end date of the executive mandate.