Business Context and Reporting Period
This Form 6-K filing by Companhia de Saneamento Básico do Estado de São Paulo (SABESP) reports on corporate governance actions taken during an extraordinary Board of Directors meeting held on June 14, 2013. The filing was submitted to the SEC on June 19, 2013. SABESP is a Brazilian state-owned enterprise responsible for basic sanitation services.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This document is a report of a Board meeting and does not contain financial statements or operational performance data.
Material Changes
The primary material change reported is the unanimous re-election of the Executive Board for a two-year term. This action was approved pursuant to Article 142 of Law n° 6,404/76 and required authorization from the State Capital Defense Council (CODEC) Opinion n° 081/2013. The new composition of the Executive Board includes:
- Chief Executive Officer: Dilma Seli Pena
- Technology, Projects and Environment Officer: João Paulo Tavares Papa
- Corporate Management Officer: Manuelito Pereira Magalhães Júnior
- Metropolitan Officer: Paulo Massato Yoshimoto
- Chief Financial and Investor Relations Officer: Rui de Britto Álvares Affonso
- Regional Systems Officer: Luiz Paulo de Almeida Neto
Guidance, Outlook, and Risks
The filing includes a standard Forward-Looking Statements disclaimer. It notes that any statements regarding future economic circumstances, industry conditions, company performance, dividend declarations, or 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 they are subject to risks including general economic and market conditions.
Key Facts for Investor Verification
- Verify the official appointment of Dilma Seli Pena as the new Chief Executive Officer.
- Confirm the two-year term duration for the newly elected Executive Board.
- Review the specific requirements of CODEC Opinion n° 081/2013 regarding the board's investiture.
- Note that this filing contains no financial performance data; investors should refer to the most recent Form 20-F or quarterly reports for financial metrics.