Santander Brasil Board Meets, Files Routine 6-K

TL;DR

**Santander Brasil's board met, but this 6-K is just a routine update with no big news.**

AI Summary

Banco Santander (Brasil) S.A. filed a 6-K on January 11, 2024, reporting a Board of Directors meeting held on the same day. All board members attended this meeting, which was conducted via conference call. This filing is a routine disclosure for foreign private issuers and doesn't contain specific financial figures or strategic announcements. For investors, this filing primarily confirms ongoing corporate governance and operational compliance, indicating business as usual without any immediate red flags or catalysts for stock movement.

Why It Matters

This filing confirms that Banco Santander (Brasil) S.A.'s corporate governance is active and compliant, which is a foundational aspect of investor confidence, even if no major news was disclosed.

Risk Assessment

Risk Level: low — This 6-K is a standard procedural filing, indicating no immediate financial or operational risks.

Analyst Insight

Investors should view this as a routine compliance filing, indicating no immediate changes to the company's outlook. It's a non-event for stock price movement, but confirms ongoing corporate governance.

Key Players & Entities

• Banco Santander (Brasil) S.A. (company) — the registrant filing the 6-K
• Deborah Stern Vieitas (person) — a member of the Meeting Board
• 001-34476 (other) — Commission File Number for Banco Santander (Brasil) S.A.
• January 11, 2024 (date) — date of the Board of Directors meeting and filing

FAQ

Filing Documents

• bsbr20240111_6k.htm (6-K) — 17KB
• bsbr202401116k_001.jpg (GRAPHIC) — 2KB
• 0001292814-24-000074.txt ( ) — 22KB

From the Filing

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of January, 2024 Commission File Number: 001-34476 BANCO SANTANDER (BRASIL) S.A. (Exact name of registrant as specified in its charter) Avenida Presidente Juscelino Kubitschek, 2041 and 2235 Bloco A – Vila Olimpia So Paulo, SP 04543-011 Federative Republic of Brazil (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: Form 20-F ___X___ Form 40-F _______ Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): Yes _______ No ___X____ Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): Yes _______ No ___X____ Indicate by check mark whether by furnishing the information contained in this Form, the Registrant 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____ If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): N/A [Free English Translation] BANCO SANTANDER (BRASIL) S.A. Public Company with Authorized Capital Corporate Taxpayer´s Registry No. 90.400.888/0001-42 Company Registry No. 35.300.332.067 Minutes of the Board of Directors Meeting held on January 11, 2024 DATE, TIME AND PLACE: On January 11, 2024, at 5 p.m., by conference call, the Board of Directors of Banco Santander (Brasil) S.A. (“Company” or “Santander”) have met, with the attendance of all of its members. CALL NOTICE AND ATTENDANCE: The call was waived in view of the attendance of all members of the Board of Directors. MEETING BOARD: Deborah Stern Vieitas, Chairman. Daniel Pareto, Secretary. AGENDA : To approve the proposal for declaration and payment of Interest Equity, pursuant to the Company’s Executive Board proposal. RESOLUTIONS: The proposal of the Company's Board of Executive Officers was presented to the Board of Directors, as per the meeting held on this date, ad referendum of the Ordinary General Meeting of the shareholders to be held until April 30, 2025, for the declaration and payment of Interest on Company’s Equity , pursuant to articles 17, item XVIII and 37, second paragraph, of the Company's Bylaws, in the gross amount of R$ 1,500,000,000.00 (one billion and five hundred million Brazilian reais), corresponding to R$ 0.19183601029 per common share, R$ 0.21101961131 per preferred share and R$ 0.40285562160 per Unit, which, after the deduction of the amount related to the Income Tax Withheld at Source (“IRRF”), pursuant to the laws in force, result the net amount corresponding to R$ 1,275,000,000.00 (one billion and two hundred and fifty Brazilian reais), corresponding to R$ 0.16306060874 per common share, R$ 0.17936666962 per preferred share and R$ 0.34242727836 per Unit, except for immune and/or exempt shareholders. The matter was discussed and approved by all the attending Directors. It remained formalized that (i) the shareholders registered on the Company’s records by the end of January 19, 2024(including) will be entitled to the Dividends and Interest on Equity hereby approved. Therefore, as of January 22, 2024 (including), the Company’s shares shall be traded “Ex-Interest on Equity”; (ii) the Interest on Equity hereby approved (a) shall be fully considered within the amount of the mandatory dividends to be distributed by the Company for the year 2024; and (b) shall be paid on February 08, 2024, with no compensation of monetary restatement; (iii) the amount of Interest on Equity proposed in the base-year fits the limits settled in the tax legislation; (iv) the Board of Directors authorized the Executive Board to take the actions necessary for the release of the proper “Notice to Shareholders”, to disclose to market the resolution just taken; and (v) the support documents of the mentioned declaration and payment of Interest on Equity shall be kept filed at the Company’s headquarters. ADJOURNMENT : There being no further matters to be resolved, the Meeting was finalized, and these minutes have been prepared and send to be electronically signed by the attendees. 1/2 [Free English Translation] Board: Deborah Stern Vieitas, President. Daniel Pareto, Secretary. Signatures: Mrs. Deborah Stern Vieitas – President; Mr. José Antonio Alvarez Alvarez – Vice President; and Messrs. Angel Santodomingo Martell, Cristiana Almeida Pipponzi, Deborah Patricia Wright, Ede Ilson Viani, José de Paiva Ferreira, José Garcia Cantera, Marília Artimonte Rocca, Ma

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View this 6-K filing on SEC EDGAR