Telefonica Brasil Files 6-K Report

TL;DR

Telefonica Brasil filed its monthly 6-K, confirming its reporting status and address in Brazil.

AI Summary

On April 4, 2024, Telefonica Brasil S.A. filed a Form 6-K with the SEC, reporting for the month of April 2024. The filing confirms their status as a foreign private issuer and provides their principal executive office address in Sao Paulo, Brazil. Telefonica Brasil S.A. is registered with the SEC under file number 001-14475.

Why It Matters

This filing provides routine updates and confirms the company's reporting status to the SEC, which is important for investors tracking the company's compliance and disclosures.

Risk Assessment

Risk Level: low — This is a routine filing that does not contain new material financial information or significant operational updates.

Key Players & Entities

• TELEFONICA BRASIL S.A. (company) — Registrant
• 001-14475 (dollar_amount) — SEC File Number
• April 4, 2024 (date) — Filing Date
• Sao Paulo, Brazil (location) — Principal Executive Office

FAQ

Key Financial Figures

• $0.90766944153 — s, in local currency, of the amount of R$0.90766944153 per common share issued by the Company,
• $5,000,000.00 — of Capital Gains that does not exceed R$5,000,000.00 (five million reals). a.2) 17.5% (sev
• $10,000,000.00 — ive million reals) and does not exceed R$10,000,000.00 (ten million reals) a.3) 20% (twenty
• $30,000,000.00 — ten million reals) and does not exceed R$30,000,000.00 (thirty million reals); and a.4) 22.5
• $0.00 — on cost of the shareholder to be zero (R$0.00) , in such a way that the value of the

Filing Documents

• viv20240404_6k.htm (6-K) — 40KB
• viv202404046k_001.jpg (GRAPHIC) — 3KB
• 0001292814-24-001198.txt ( ) — 46KB

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 April, 2024 Commission File Number: 001-14475 TELEFNICA BRASIL S.A. (Exact name of registrant as specified in its charter) TELEFONICA BRAZIL S.A. (Translation of registrant's name into English) Av. Eng Lus Carlos Berrini, 1376 - 28 andar So Paulo, S.P. 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 TELEFÔNICA BRASIL S.A. Publicly held Company CNPJ No. 02.558.157/0001-62 – NIRE 35.3.0015881-4 MATERIAL FACT Telefônica Brasil S.A. (B3: VIVT3; NYSE: VIV) (“ Company ”), in the form and for the purposes of Article 157, paragraph 4, of Law No. 6,404, of December 15 th , 1976, as amended (“ Corporate Law ”), and pursuant to CVM Resolution No. 44, of August 23 rd , 2021, hereby informs its shareholders and the market in general that in continuity to the Material Fact disclosed on January 24 th , 2024, once the deadline for the period of opposition by creditors, as provided for in Article 174 of the Corporations Law, regarding the Company's capital reduction approved at the Extraordinary Shareholders’ Meeting held on January 24 th , 2024 (“ ESM ” and “ Reduction ”), and all applicable legal requirements have been fulfilled, the Company informs that said Reduction has become fully effective. Therefore, the Company will proceed with the restitution to the shareholders, in local currency, of the amount of R$0.90766944153 per common share issued by the Company, considering the number of common shares outstanding on this date, which already reflects the cancellation of certain shares held in treasury on December 22 nd , 2023, as mentioned in the Material Fact disclosed on December 26 th , 2023. Due to the Company's Share Buyback Program, the aforementioned value per common share may change considering the Company's shareholding base to be verified on April 10 th , 2024. Thus, shareholders listed on the Company's records at the end of April 10 th , 2024 (including) (“ Record Date ”) will be entitled to receive the capital reimbursement, and after this date, the shares issued by the Company will be considered ex-reimbursement rights. The resources resulting from the Reduction will be paid in a single installment on July 10 th , 2024, to each shareholder individually and in proportion to their respective participation in the Company's share capital, in accordance with the liquidation procedures established by B3 S.A. – Brasil, Bolsa, Balcão (“B3”) and the bookkeeper institution of the Company's shares, as applicable. Payment to shareholders who have a banking option in the shareholder register with Banco Bradesco S.A. will be made directly into the indicated accounts. For shareholders with shares in Fiduciary Custody of the Stock Exchanges, payment will be made through Brokerage Firms. The remaining shareholders must go to any branch of Banco Bradesco S.A., carrying their identification documents. Additionally, the Company informs below the applicable tax treatment for the Capital Reduction, as well as the procedures to be observed and the documents to be submitted by shareholders for tax purposes, including in relation to eventual withholding income tax on capital gains: Resident Shareholders (in Brazil) Potential gains obtained by the Company’s shareholders who are residents in Brazil, including individuals, legal entities, investment funds and other entities, as a result of the Reduction, may be subject to income tax and other taxes, in accordance with the legal and regulatory rules applicable to each category of shareholder. The shareholders shall consult their advisors regarding the applicable taxation and be directly responsible for the eventual payment of the applicable taxes. Non-Resident Shareholders (in Brazil) The Company will withhold income tax (" IRRF "), in accordance with applicable laws, on capital gains realized by non-resident shareholders in Brazil as a result of the Reduction. The capital gain will correspond to the positive difference between (i) the amount of the capital reimbursement resulting from the Reduction; and (ii) the acquisition cost (in Brazilian reals) of the shares issued by the Company held by each non-resident shareholder (" Capital Gain "). The income tax rates to be appli

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View this 6-K filing on SEC EDGAR