Business Context and Reporting Period
This Form 6-K filing by Banco Bradesco S.A. (Bank Bradesco) covers the month of June 2004, with a report date of June 15, 2004. The document serves as a report of foreign private issuer pursuant to Rule 13a-16 or 15d-16 under the Securities Exchange Act of 1934. The filing specifically details transactions with securities and derivatives involving the company's administration and family dependents in May 2004, in accordance with Instruction CVM No. 358/2002, Paragraph 11.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. The document is limited to reporting shareholding balances and specific trading activities of insiders and related parties.
| Entity | Share Class | Opening Balance (Qty) | Closing Balance (Qty) | Net Change |
|---|---|---|---|---|
| Banco Bradesco S.A. (Group & Family) | Common Shares | 51,610,590 | 51,610,589 | -1 |
| Banco Bradesco S.A. (Group & Family) | Non-Voting Shares | 2,111,319 | 2,111,319 | 0 |
| Banco Bradesco S.A. (Board of Directors) | Common Shares | 759,306 | 759,306 | 0 |
| Banco Bradesco S.A. (Board of Directors) | Non-Voting Shares | 781,706 | 781,706 | 0 |
| Banco Bradesco S.A. (Executive Officers) | Common Shares | 49,210 | 46,390 | -2,820 |
| Banco Bradesco S.A. (Executive Officers) | Non-Voting Shares | 123,844 | 118,672 | -5,172 |
Material Changes
The primary material change reported is the reduction in shareholdings by the Board of Executive Officers during May 2004. The filing notes that the difference between the initial and final balances for this group is due to the hiring and firing of directors. Specific transactions included:
- Common Shares: Sale of 400 shares on May 3 at R$ 97.75 per share.
- Non-Voting Shares: Net sale of 2,000 shares (500 bought, 2,500 sold) across multiple dates in May, with prices ranging from R$ 117.52 to R$ 132.00.
No operations were reported for the Board of Directors, Audit Committee, or Bradesco BCN Leasing S.A. executive groups during this period.
Guidance, Outlook, and Risks
The filing contains a standard Forward-Looking Statements disclaimer. It states that any forward-looking statements are based on management's current views and estimates of future economic circumstances, industry conditions, and company performance. These statements are subject to risks and uncertainties, including general economic and market conditions. There is no guarantee that expected events or trends will occur. The document does not provide specific guidance, outlook, or management commentary on financial results for the period.
Investor Verification Checklist
- Verify the impact of the reported insider sales by Executive Officers on market sentiment.
- Confirm the total number of shares outstanding to validate the percentage of participation figures provided.
- Review the full annual report (Form 20-F) for comprehensive financial metrics (revenue, profit, liquidity) as this filing does not contain them.
- Check for subsequent filings to see if the "hiring and firing" of directors mentioned resulted in further significant changes in ownership structure.