Credicorp Ltd. Form 6-K Summary
Business Context and Reporting Period
This Form 6-K reports a Material Event for Credicorp Ltd., a Bermuda-based foreign private issuer, regarding its Annual General Meeting of Shareholders held on March 29, 2019. The filing covers corporate governance actions taken during this session.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. It confirms that the audited consolidated financial statements for the year ended December 31, 2018, were approved by shareholders, but the numerical data from those statements is not included in this document.
Material Changes and Corporate Actions
- Financial Statement Approval: Shareholders approved the audited consolidated financial statements for the fiscal year ended December 31, 2018, audited by Gaveglio, Aparicio y Asociados (a member firm of PricewaterhouseCoopers).
- Auditor Appointment: Gaveglio, Aparicio y Asociados was reappointed as the external independent auditor for the 2019 financial year. The Audit Committee was authorized to approve auditor fees.
- Board Remuneration: The meeting approved the following compensation structure for the Board of Directors:
- US$50,000 annual remuneration per Director.
- US$40,000 annual remuneration for Directors serving on the Audit Committee or as advisors to the Audit Committee of subsidiaries.
- US$1,500 per session for Directors serving on the Executive Committee.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, risk factors, or discussion of contingencies. It is strictly a notification of shareholder resolutions.
Key Facts for Investor Verification
- Verify the full audited financial statements for the year ended December 31, 2018, in the company's Form 20-F or annual report to obtain actual financial performance metrics.
- Confirm the total number of directors and committee members to calculate the total annual board compensation expense based on the approved rates.
- Review the 2019 Form 20-F for the final approved auditor fees, as the specific amount was delegated to the Audit Committee.