Business Context and Reporting Period
This Form 6-K filing by Banco Bradesco S.A. (Bank Bradesco) covers the month of March 2021. The report is a consolidated disclosure of transactions involving securities and derivatives by the company's administration, family dependents, and various controlled or related entities, in accordance with Instruction CVM No. 358/2002, Paragraph 11. The filing was signed on April 12, 2021.
Key Financial Metrics and Shareholdings
The filing does not provide consolidated revenue, profit, cash flow, or debt metrics. It focuses exclusively on equity holdings and specific trading activities.
- Group and Family Dependents: Held 3,150,068,135 Common Shares (35.51% total participation) and 100,055,459 Non-Voting Shares (1.13% total participation). No changes occurred in March 2021.
- Board of Executive Officers: Held 111,872 Common Shares and 1,440,436 Non-Voting Shares at the start of the month. By month-end, holdings decreased to 55,849 Common Shares and 1,363,787 Non-Voting Shares.
- Audit Committee: Held 2,396 Common Shares and 140,095 Non-Voting Shares at the start of the month. By month-end, holdings decreased to 1,407 Common Shares and 35,345 Non-Voting Shares.
- Treasury: Held 7,307,259 Common Shares and 27,378,542 Non-Voting Shares. No changes occurred in March 2021.
Material Changes and Trading Activity
While most entities reported no operations, the Board of Executive Officers and Audit Committee executed several transactions in March 2021:
- Executive Officers Net Activity:
- Common Shares: Net sale of 53,416 shares. Total value of sales was approximately R$ 1,227,473.76.
- Non-Voting Shares: Net sale of 58,079 shares (one purchase of 4 shares, multiple sales). Total value of sales was approximately R$ 1,509,358.16.
- Audit Committee Net Activity:
- Common Shares: Net decrease of 989 shares (from 2,396 to 1,407).
- Non-Voting Shares: Net decrease of 104,750 shares (from 140,095 to 35,345).
- Personnel Changes:
- Executive Officers: Cristina Coelho de Abreu Pinna joined; Renato Ejnisman and Marcelo Santos Dall'Occo left.
- Audit Committee: Renaud Roberto Teixeira, Reginaldo Ferreira Alexandre, Nilson Pinhal, and Genival Francisco da Silva left.
All other listed controlled and related companies (e.g., Bradesco Leasing, Cielo, Paggo, various Holdings) reported zero operations with securities or derivatives for the period.
Guidance, Outlook, and Risks
The filing contains a standard forward-looking statements disclaimer. It notes that statements regarding future economic circumstances, industry conditions, company performance, dividend declarations, and capital expenditure plans are based on management's current views and estimates. The document explicitly states there is no guarantee that expected events or trends will occur, as actual results may differ materially due to risks and uncertainties.
Investor Verification Checklist
- Verify the specific dates and prices of the share sales by Executive Officers to assess potential insider trading patterns or alignment with market movements in March 2021.
- Confirm the impact of the personnel changes in the Executive Officers and Audit Committee on corporate governance and strategic direction.
- Review the consolidated financial statements (Form 20-F) for the full fiscal year to obtain actual revenue, profit, and liquidity data, as this Form 6-K does not contain them.
- Monitor future filings to see if the reduced shareholdings of the Audit Committee and Executive Officers stabilize or continue to decline.