Banco de Chile Amends Trademark License Agreement with Citigroup
Ticker: BCH · Form: 6-K · Filed: Dec 11, 2024 · CIK: 1161125
| Field | Detail |
|---|---|
| Company | Bank Of Chile (BCH) |
| Form Type | 6-K |
| Filed Date | Dec 11, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: licensing, amendment, international
TL;DR
Banco de Chile and Citigroup tweaked their trademark deal from 2019.
AI Summary
On December 11, 2024, Banco de Chile announced an amendment to its Amended and Restated Trademark License Agreement with Citigroup Inc., originally dated November 29, 2019. This filing is a Report of Foreign Private Issuer submitted to the SEC.
Why It Matters
This amendment could impact the terms under which Banco de Chile uses Citigroup's trademarks, potentially affecting brand recognition and licensing fees.
Risk Assessment
Risk Level: low — The filing is a routine update on a trademark license agreement amendment and does not indicate significant financial distress or operational changes.
Key Players & Entities
- Banco de Chile (company) — Filer and party to agreement
- Citigroup Inc. (company) — Party to agreement
- November 29, 2019 (date) — Original agreement date
- December 11, 2024 (date) — Filing date
- Solange Berstein Jáuregui (person) — President of the Financial Market Commission
FAQ
What specific changes were made to the Trademark License Agreement?
The filing states that the Amended and Restated Trademark License Agreement has been amended, but does not provide specific details of the changes within this report.
When was the original Trademark License Agreement entered into?
The original Amended and Restated Trademark License Agreement was dated November 29, 2019.
Who is the other party to the Trademark License Agreement?
The other party to the Trademark License Agreement is Citigroup Inc.
What type of filing is this with the SEC?
This is a Report of Foreign Private Issuer on Form 6-K.
What regulatory body in Chile was informed of this amendment?
Banco de Chile informed the Chilean Financial Market Commission (CMF) and local stock exchanges.
Filing Stats: 384 words · 2 min read · ~1 pages · Grade level 13.1 · Accepted 2024-12-11 16:16:30
Filing Documents
- ea0224486-6k_bankofchile.htm (6-K) — 12KB
- 0001213900-24-107902.txt ( ) — 13KB
From the Filing
OF FOREIGN PRIVATE ISSUER FORM 6-K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of December, 2024 Commission File Number 001-15266 BANK OF CHILE (Translation of registrant’s name into English) Ahumada 251 Santiago, Chile (Address of principal executive offices) 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 Form 40-F BANCO DE CHILE REPORT ON FORM 6-K Attached is an English translation of a letter filed by Banco de Chile with the Chilean Financial Market Commission and local stock exchanges, informing that Banco de Chile and Citigroup Inc. have amended the Amended and Restated Trademark License Agreement dated November 29, 2019. 1 Santiago, December 11, 2024 Mrs. Solange Berstein Jáuregui President Financial Market Commission Present Ref : ESSENTIAL INFORMATION. Mrs. President: Pursuant to Articles 9 and 10 of Law No. 18,045, Chapter 18-10 of the Restated Regulations of Banks of the Financial Market Commission (CMF) and General Rule No. 30 of the CMF, I hereby inform you as an essential information that, on this date, Banco de Chile and Citigroup Inc. have amended the Amended and Restated Trademark License Agreement dated November 29, 2019, whereby a license to use certain brands was granted to Banco de Chile. The amendment is referred to the scope of use of such brands, having been the authorization and possibility for the Bank to use them circumscribed to certain products and services of enterprise and corporate banking, investment banking and other businesses, as well as outside the offices of the Banco Edwards network of Banco de Chile. The Banco de Chile’s Board, in meeting No. BCH 3,021 of November 28, 2024, approved the amendment to the aforementioned agreement, in the terms provided by articles 146 et seq . of the Chilean Corporations Act ( Ley de Sociedades Anónimas ). Sincerely, Eduardo Ebensperger Orrego CEO Banco de Chile 2 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Date: December 11, 2024 Banco de Chile /s/ Eduardo Ebensperger Orrego By: Eduardo Ebensperger Orrego CEO 3