Telefónica S.A. Files 6-K on Chairmanship Agreement

TL;DR

Telefónica filed a 6-K on Jan 21, 2025, regarding a chairmanship agreement.

AI Summary

Telefónica, S.A. filed a Form 6-K on January 21, 2025, reporting on an agreement related to its chairmanship. The filing is for the month of January 2025 and is submitted under Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934. Telefónica is a foreign private issuer and files annual reports under Form 20-F.

Why It Matters

This filing provides an update on Telefónica's corporate governance, specifically concerning its chairmanship, which could impact investor confidence and strategic direction.

Risk Assessment

Risk Level: low — The filing is a routine report of foreign private issuer information and does not appear to contain significant new financial or operational risks.

Key Players & Entities

• Telefónica, S.A. (company) — Registrant
• 0000814052-25-000006 (filing_id) — Accession Number
• 20250121 (date) — Filing Date
• 20250118 (date) — Period of Report
• 001-09531 (sec_file_number) — Commission File Number

FAQ

Filing Documents

• form6krenewalchairmanship.htm (6-K) — 22KB
• image_0.jpg (GRAPHIC) — 4KB
• 0000814052-25-000006.txt ( ) — 28KB

From the Filing

Document 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, 2025 Commission File Number 001-09531 Telefnica, S.A. (Translation of registrant's name into English) Distrito Telefnica, Ronda de la Comunicacin sn, 28050 Madrid, Spain +34 91-482 87 00 (Address of principal executive offices) 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 Telefnica, S.A. TABLE OF CONTENTS Item Sequential Page Number 1. Telefnica agrees on the renewal of the Chairmanship. 2 TELEFNICA, S.A. ("Telefnica" or the "Company") in compliance with the Securities Market legislation, hereby communicates the following INSIDE INFORMATION In view of the Company's new shareholding structure and that some of its relevant shareholders have expressed the convenience of embarking on a new stage in the executive chairmanship, Telefnica's Board of Directors, which met today to assess the situation, under the chairmanship of Mr. Jos Mara lvarez-Pallete, has adopted, following a favorable report from the Nominating, Compensation and Corporate Governance Committee, the following resolutions 1.- To agree on the orderly renewal of the Company's chairmanship, in order to adapt it to its new shareholding structure. 2.- To approve the termination of the contract signed with Mr. Jos Mara lvarez-Pallete as Executive Chairman of Telefnica's Board of Directors, and to request him, in accordance with the provisions of Article 12.2.a) of the Regulations of the Board of Directors, the resignation from his position as Director. Mr. lvarez-Pallete, in response to said request, tendered his resignation as a Director, which was accepted by the Board of Directors. The Board of Directors has unanimously expressed its deepest gratitude to Mr. Jos Mara lvarez-Pallete for the years of work and collaboration with the Telefnica Group and, specially, for the many services rendered and for his extraordinary effort, dedication and contribution during his long professional career in the Group. 3.- In order to guarantee an adequate replacement in the executive chairmanship of the Company, to approve the appointment by cooptation of Mr. Marc Thomas Murtra Millar, as Executive Director of the Company, also appointing him as Executive Chairman of the Board of Directors and delegating to him all the powers that may be delegated by the Board of Directors, to be exercised jointly and severally. Mr. Murtra has accepted his appointment has Executive Chairman of Telefnica, on this same date. Madrid, January 18, 2025. 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. Telefnica, S.A. Date January 18, 2025 By s Pablo de Carvajal Gonzlez Name Pablo de Carvajal Gonzlez Title Secretary to the Board of Directors

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View this 6-K filing on SEC EDGAR