Business Context and Reporting Period
This Form 6-K filing by Banco Bradesco S.A. (Bank Bradesco) covers the month of October 2020, with the report signed on November 12, 2020. The document serves as a regulatory disclosure pursuant to Instruction CVM No. 358/2002, Paragraph 11, detailing transactions involving securities and derivatives by the company's administration, family dependents, and related entities.
Key Financial Metrics and Shareholdings
The filing does not provide consolidated financial statements, revenue, profit, or cash flow data. Instead, it reports on shareholding balances and specific trading activities for October 2020:
- 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 trading activity occurred in October 2020.
- Board of Executive Officers: Held 113,479 Common Shares and 1,664,175 Non-Voting Shares at month-end. Executed sell transactions totaling 1,915 Non-Voting Shares for approximately R$39,422.30.
- Treasury: Held 7,307,259 Common Shares and 27,378,542 Non-Voting Shares. No trading activity occurred.
- Controlled and Related Entities: Numerous subsidiaries (e.g., Bradesco Leasing, Cielo, Bradesco Seguros) reported zero holdings of Banco Bradesco S.A. securities or no trading activity for the period.
Material Changes
The only material change reported in the filing is the reduction in shareholding by the Board of Executive Officers:
- October 9, 2020: Sale of 950 Non-Voting Shares at R$20.45 per share.
- October 29, 2020: Sale of 965 Non-Voting Shares at R$20.72 per share.
- Net Result: A decrease of 1,915 Non-Voting Shares in the Executive Officers' portfolio.
- All other reporting groups (Group/Family, Board of Directors, Audit Committee, Treasury, and subsidiaries) reported no changes in share quantities between the opening and closing balances for October 2020.
Guidance, Outlook, and Risks
The filing contains 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 that there is no guarantee that expected events or trends will occur and that actual results may differ materially due to risks and uncertainties.
Investor Verification Checklist
- Verify the specific identity of the Executive Officer(s) who executed the share sales on October 9 and October 29, 2020, as the filing aggregates this group.
- Confirm the total number of outstanding shares for Banco Bradesco S.A. to validate the percentage participation figures (e.g., 35.51% for the controlling group).
- Review the company's quarterly or annual reports (Form 20-F) for comprehensive financial performance data, as this Form 6-K is limited to insider trading disclosures.
- Monitor subsequent filings for any further changes in the shareholding structure of the controlling family group or executive officers.