Telefonica Brasil Files August 2024 6-K Report

TL;DR

Telefonica Brasil filed its August 6-K, standard foreign issuer update.

AI Summary

On August 30, 2024, Telefonica Brasil S.A. filed a Form 6-K report for the month of August 2024. The filing indicates that the company is a foreign private issuer and is submitting its report under Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934. The report is being filed as of September 30, 2024, with the filing date being September 3, 2024.

Why It Matters

This filing provides routine updates for investors regarding Telefonica Brasil S.A.'s status as a foreign private issuer, which is important for understanding regulatory compliance and reporting requirements.

Risk Assessment

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

Key Players & Entities

• TELEFONICA BRASIL S.A. (company) — Filer
• 0001292814-24-003281 (accession_number) — Filing identifier
• 20240930 (date) — Period of report
• 20240830 (date) — Date of change
• 20240903 (date) — Filing date
• 0001066119 (central_index_key) — Company identifier
• 4813 (sic_code) — Standard Industrial Classification
• 001-14475 (sec_file_number) — SEC file number

FAQ

Key Financial Figures

• $1.0 billion — at may be used for share buybacks from R$1.0 billion to R$1.5 billion, while maintaining all
• $1.5 b — r share buybacks from R$1.0 billion to R$1.5 billion, while maintaining all other term

Filing Documents

• viv20240830_6k.htm (6-K) — 46KB
• viv202408306k_001.jpg (GRAPHIC) — 3KB
• 0001292814-24-003281.txt ( ) — 51KB

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 August, 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 MINUTES OF THE 476th MEETING OF THE BOARD OF DIRECTORS OF TELEFÔNICA BRASIL S.A., HELD ON AUGUST 30th, 2024 1. DATE, TIME AND VENUE: On August 30 th , 2024, at 04:00 p.m. (São Paulo local time), held remotely, as provided for in Article 19, First Paragraph of the Internal Regulations of the Board of Directors and Technical and Consultant Committees (“ Regulations ”) da Telefônica Brasil S.A. (“ Company ”). 2. CALL NOTICE AND ATTENDANCE: The call notice was waived, given the presence of all members of the Board of Directors, who subscribe these minutes, as provided for in Article 15, Second Paragraph of the Company’s Regulations, establishing, therefore, quorum in accordance with the Article 18 of the Company’s Regulations. The General-Secretary and Legal Officer, Mr. Breno Rodrigo Pacheco de Oliveira was also present, as the Meeting Secretary. 3. PRESIDING BOARD: Eduardo Navarro de Carvalho – Chairman of the Board of Directors; Breno Rodrigo Pacheco de Oliveira – Meeting Secretary. 4. AGENDA AND RESOLUTION: After examining the matters on the Agenda, the members of the Board of Directors unanimously decided as follows: 4.1. Amendment to the Buyback Program of Shares issued by the Company: An amendment proposal has been presented to the 2024-2025 common buyback of shares Program approved in a Board of Directors meeting held on March 4 th , 2024, and disclosed in the material fact of March 5 th , 2024 ("Program"), in order to increase the maximum amount of resources that may be used for share buybacks from R$1.0 billion to R$1.5 billion, while maintaining all other terms and conditions of the Program, except for the number of shares (i) in circulation, (ii) held in treasury and (iii) to be acquired, which have been updated due to the time elapse since the approval of the Program ("Amendment"). Thus, the Program, as amended, includes the following: (i) Program objective: Acquisition of common shares issued by the Company for treasury purposes, future cancellation or alienation, without reduction of the capital stock, to increment the value to the shareholders by the efficient investment of the funds available in cash, optimizing the allocation of the Company’s capital; TELEFÔNICA BRASIL S.A. Publicly Held Company CNPJ No. 02.558.157/0001-62 NIRE 35.3.0015881-4 MINUTES OF THE 476th MEETING OF THE BOARD OF DIRECTORS OF TELEFÔNICA BRASIL S.A., HELD ON AUGUST 30th, 2024 (ii) Funds: the share buybacks will be carried out utilizing the available funds in the statutory reserve of income, and the income for the current fiscal year may also be used, in accordance with Article 8, paragraph 1, items I and II, of RCVM 77/2022, of March 29 th , 2022. The maximum amount to be used in the Program is R$ 1.5 billion; (iii) Term: The Program will begin on March 5 th , 2024, and end on March 4 th , 2025; (iv) Price and acquisition method: The acquisitions shall be made in the Stock Exchange (B3 – Brasil, Bolsa e Balcão), at market prices; (v) Number of shares to be acquired: Considering the record date of July 31 st , 2024, the maximum number of shares that may be acquired, according to the legal limit, is 30,332,692 common shares already deducted by the 10,499,456 shares held in treasury; (vi) Intermediary Financial Institutions: the buyback operations carried out under the Program will be intermediated by the following financial institutions: (i) Ágora Corretora de Títulos e Valores Mobiliários S.A. ( current trade name of Bradesco S.A. CTVM); (ii) BTG Pactual Corretora de Títulos e Valores Mobiliários S.A.; (iii) Itaú Corretora de Valores S.A.; (iv) Santander Corretora de Câmbio e Valores Mobiliários S.A.; and (v) XP Investimentos CCTVM S.A. Lastly, in accordance with artic

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