Ambev S.A. Files March 2024 6-K Report

TL;DR

Ambev S.A. (ABEV) filed its March 6-K, standard foreign issuer report, no surprises here.

AI Summary

Ambev S.A. filed a Form 6-K on March 29, 2024, for the month of March 2024. The filing is a report of a foreign private issuer and does not indicate furnishing information under Rule 12g3-2(b). Ambev S.A. is incorporated in Brazil and its fiscal year ends on December 31.

Why It Matters

This filing provides routine updates for Ambev S.A. as a foreign private issuer, informing investors about their ongoing reporting status with the SEC.

Risk Assessment

Risk Level: low — This is a routine filing for a foreign private issuer and does not contain new financial information or material events.

Key Players & Entities

• AMBEV S.A. (company) — Registrant
• 0001292814-24-001080 (other) — Accession Number
• 20240329 (date) — Filing Date
• 20240331 (date) — Period of Report
• 0001565025 (other) — Central Index Key
• Rua Dr. Renato Paes de Barros, 1017 (address) — Principal Executive Office
• São Paulo, SP (location) — City, State
• 2080 (other) — Standard Industrial Classification Code for Beverages

FAQ

Filing Documents

• abev20240328_6k.htm (6-K) — 56KB
• 0001292814-24-001080.txt ( ) — 57KB

From the Filing

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of March, 2024 Commission File Number 1565025 AMBEV S.A. (Exact name of registrant as specified in its charter) AMBEV S.A. (Translation of Registrant's name into English) Rua Dr. Renato Paes de Barros, 1017 - 3rd Floor 04530-000 São Paulo, SP Federative Republic of Brazil (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. Form 20-F ___X___ Form 40-F _______ Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934. Yes _______ No ___X____ AMBEV S.A. CNPJ [National Register of Legal Entities] No. 07.526.557/0001-00 NIRE [Corporate Registration Identification Number] 35.300.368.941 (" Company ") Extract of the Minutes of the Meeting of the Board of Directors of Ambev S.A. held on March 28, 2024, drawn up in summary form 1. Date, Time and Venue . On March 28, 2024, starting at 10:00 a.m., in the Company's headquarters, located at Rua Dr. Renato Paes de Barros, 1.017, 4th floor, São Paulo/SP, Brazil. 2. Call and Attendance . Call notice duly made pursuant to the Company's Bylaws. Meeting with attendance of Mr. Michel Dimitrios Doukeris, president, and Messrs. Victorio Carlos De Marchi, Carlos Eduardo Klutzenschell Lisboa, Claudia Quintella Woods, Fabio Colletti Barbosa, Fernando Mommensohn Tennenbaum, Lia Machado de Matos, Luciana Pires Dias, Marcos de Barros Lisboa, Milton Seligman and Nelson José Jamel. 3. Board . Chairman: Michel Dimitrios Doukeris; Secretary: Letícia Rudge Barbosa Kina. 4. Resolutions . It was unanimously and unrestrictedly resolved by the Directors: 4.1. Proposal for the Allocation of Net Profits – FY 2023 . To approve the submission to the Company's shareholders on the next Ordinary Shareholders' Meeting of the Company the following proposal on the net profit allocation for the fiscal year ended on December 31, 2023: Net Profits R$ 14,501,943,640.79 Amount allocated to the Tax Incentives Reserve R$ 2,552,742,772.26 Amount allocated to payment of interest on own capital (gross), declared based on the net profit relating to the fiscal year ended December 31, 2023 R$ 11,500,204,792.68 Amount allocated to the Investments Reserve (1) R$ 3,730,197,243.38 (1) Including values relating to (i) reversion of effects of the revaluation of fixed assets in the amount of R$ 11,823,167.53; and (ii) effect of application of IAS 29/CPC 42 (hyperinflation) in the amount of R$ 3,269,378,000.00, as detailed in Exhibit A.II to the Management Proposal made available to the Directors. 4.2. Compensation of Management and Members of the Fiscal Council - 2024 . To approve the submission to the Company's shareholders in the next Ordinary Shareholders' Meeting the following proposal on maximum limit for the overall compensation of the Company's management and members of the Fiscal Council for the fiscal year of 2024 ( i.e. , between January 1, 2024 and December 31, 2024): - Overall compensation of the managers in the total amount of up to R$ 183,982,172.00 ; and - Overall compensation of the Fiscal Council in the annual amount of up to R$ 2,316,015.00 , being the compensation due to the alternates equivalent to half of the amount received by the effective members, in accordance with Law No. 6,404/76. Forecast 2024* Board of Directors Board of Officers Fiscal Council Total No. of Members 13,00 13,00 6,00 32,00 No. of members receiving compensation 7,00 13,00 6,00 26,00 Annual Fixed Compensation - - - - Salary/fees 8,814,030 20,886,960 2,316,015 32,017,005 Direct and Indirect Benefits - 1,630,561 - 1,630,561 Variable Compensation - - - - Profit Sharing - 31,179,036 - 31,179,036 Post-Employment Benefits - 1,735,566 - 1,735,566 Share-based compensation, including stock options 13,198,509 106,537,510 - 119,736,019 Total compensation 22,012,539 161,969,633 2,316,015 186,298,187 (*) According to CVM's guidance (Circular-Notice/Annual-2024-CVM/SEP), the global compensation of the management must be net of employer's payroll charges. 4.3. Amendment to the Bylaws . To approve the submission to the Company's shareholders in the next Extraordinary General Meeting of the following proposals to amend the Company's Bylaws: (i) amend the heading of article 5, in order to reflect the capital increases approved by the Board of Directors up to the date of the Ordinary and Extraordinary General Meetings, within the authorized capital limit; (ii) rectify article 15, §5º, item "h", to include the word "no", expre

View Full Filing

View this 6-K filing on SEC EDGAR