Credicorp Ltd. Form 6-K Summary
Business Context and Reporting Period
This Form 6-K filing by Credicorp Ltd. (Credicorp) reports a material event for the month of October 2023. The registrant is a foreign private issuer with its principal executive office in Lima, Peru, operating primarily through its subsidiary, Banco de Credito del Peru.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance and does not contain financial performance data.
Material Changes
On October 26, 2023, the Board of Directors adopted a new Clawback Policy. This policy aligns with Rule 10D-1 of the Securities Exchange Act of 1934 and Section 303A.14 of the New York Stock Exchange Listed Company Manual. A corresponding notice (Hecho de Importancia) was published in the Peruvian market.
Guidance, Outlook, and Risks
The Clawback Policy mandates the recovery of incentive compensation from executive officers in the event of an accounting restatement caused by material noncompliance with U.S. financial reporting requirements. Compensation will be recovered to the extent it would not have been entitled based on restated amounts. The policy is scheduled to become effective on December 1, 2023. The filing contains no specific guidance, outlook, or discussion of unusual financial items.
Key Facts for Investor Verification
- The Clawback Policy was adopted on October 26, 2023, and becomes effective December 1, 2023.
- The policy applies to executive officers of Credicorp and its subsidiaries.
- Recovery is triggered specifically by accounting restatements due to material noncompliance with financial reporting requirements.
- No financial results or operational metrics are included in this specific filing.