6-K 1 bak20240912_6k2.htm 6-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 


 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16
OR 15D-16 OF THE SECURITIES EXCHANGE ACT OF 1934


For the month of September, 2024

(Commission File No. 1-14862 )

 


 

BRASKEM S.A.

(Exact Name as Specified in its Charter)

 

N/A

(Translation of registrant's name into English)

 


 

Rua Eteno, 1561, Polo Petroquimico de Camacari
Camacari, Bahia - CEP 42810-000 Brazil

(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 ___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). _____

 

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). _____

 

Indicate by check mark whether the registrant by furnishing the information contained in this Form 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): 82- _____.

 

 
 

 

 

 

BRASKEM S.A.

National Register of Legal Entities (CNPJ) No. 42.150.391/0001-70
State Registration (NIRE) 29300006939

 

A Publicly Held Company

 

MANAGEMENT PROPOSAL

FOR THE EXTRAORDINARY GENERAL MEETING OF BRASKEM S.A.

TO BE HELD ON OCTOBER 3rd, 2024

 

Dear Shareholders,

 

The Management of Braskem S.A. (“Company” or “Braskem’”) hereby submits a proposal (“Proposal”) in relation to the matters contained in the agenda of Braskem’s Extraordinary General Meeting, to be held on October 3rd, 2024, at 11 a.m., in an exclusively digital manner, pursuant to article 5, paragraph 2, item I, and article 28, paragraphs 1, 2 and 3 of Brazilian Securities Commission (“CVM”) Ruling No. 81, of March 29, 2022 (“CVM Ruling 81”), through digital platform Webex (“Digital Platform” and “Meeting”, respectively).

 

1.               Replacement of one (1) effective member of the Company’s Board of Directors appointed by shareholder Petróleo Brasileiro S.A. – Petrobras, to conclude the remaining term of office, until the Annual General Meeting that will resolve on the Company’s financial statements for the fiscal year to end on December 31, 2025 as well as the ratification of the composition and of the independent members of the Board of Directors

 

In view of the correspondence sent by shareholder Petrobras exercising its right provided for in Item 3.2.2 (a) of Braskem’s Shareholders Agreement, entered into between Novonor S.A. – Em Recuperação Judicial (“Novonor”), NSP Investimentos S.A. – Em Recuperação Judicial (“NSP”) and Petrobras on February 8, 2010, as amended (“Shareholders Agreement”), the Management of the Company proposes that the Shareholders resolve on the election of Mr. Olavo Bentes David, appointed by shareholder Petrobras, to hold the position of Member of the Board of Directors in replacement of Mr. Paulo Roberto Britto Guimarães, also appointed by Petrobras, to conclude the remaining term of office, until the Annual General Meeting that will resolve on the Company's financial statements for the fiscal year to end on December 31, 2025.

 

The Board of Directors (“BOD”), after analyzing the classification of the candidate to the independence criteria established in Exhibit K to CVM Ruling 80 and in the Global Policy of the Company's Compliance System, attested that Mr. Olavo Bentes David does not meet the aforementioned criteria, based on the self-declaration of independence presented by said candidate and on the opinion of the Company's Statutory Compliance and Audit Committee, which also evaluated the matter.

 
 

 

 

Considering the above, the Board of Directors will have the following composition:

 

FULL MEMBERS ALTERNATES
JOSÉ MAURO METTRAU CARNEIRO DA CUNHA -
JOSÉ HENRIQUE REIS DE AZEREDO MARCOS ANTONIO ZACARIAS
OLAVO BENTES DAVID RODRIGO TIRADENTES MONTECHIARI

GESNER JOSÉ DE OLIVEIRA FILHO

(Independent Member)

-
JOÃO PINHEIRO NOGUEIRA BATISTA -
ANDRÉ AMARO DA SILVEIRA -
JULIANA SÁ VIEIRA BAIARDI -
HECTOR NUÑEZ GUILHERME SIMÕES DE ABREU

ROBERTO FALDINI

(Independent Member)

-

CARLOS PLACHTA

(Independent candidate)

DANIEL PEREIRA DE ALBUQUERQUE ENNES
DANILO FERREIRA DA SILVA LINEU FACHIN LEONARDO

 

As informed to the Company by Novonor and NSP, Board Member André Amaro da Silveira, elected at the Company's Annual General Meeting held on April 29, 2024 (“AGM 2024”) now has, under the terms of the Shareholders Agreement, linked vote in the BOD's resolutions and Board Member Roberto Faldini, also elected on AGM 2024, no longer has linked vote in the BOD's resolutions. After analyzing the abovementioned Board members' compliance with the independence criteria established in CVM Ruling 80 and in the Company's Global Compliance System Policy, the BOD certified that Mr. André Amaro da Silveira no longer meets the aforementioned criteria and Mr. Roberto Faldini now meets the aforementioned criteria, based on the new self-declarations of independence presented and the opinion of the Company's Statutory Compliance and Audit Committee, which also evaluated the matter.

 

Therefore, the Meeting is required to ratify the composition and classification of the members of the Board of Directors as independent members.

 

Exhibit I of this Proposal provides information of the candidate appointed by shareholder Petrobras, as well as his professional experiences, as per items 7.3 to 7.6 of the Reference Form, pursuant to article 11, item I, of CVM Ruling 81.

 

 
 

 

 

Impossibility of Separate Election or Multiple Vote

 

In accordance with the CVM Board of Commissioners understanding, given that the matter on the Agenda for the Extraordinary General Meeting hereby called refers only to the replacement of one (1) effective member of the Company's Board of Directors, elected in a majority vote, there shall be no possibility to adopt the separate election, as provided for in paragraphs 4 and 5 of article 141 of Law No. 6,404 of December 15, 1976 (“Brazilian Corporate Law”), nor does the possibility of adopting multiple vote apply.

 

I.Shareholders’ Participation:

 

The Meeting will be held exclusively digitally, for which reason the Shareholder's participation can only be via Digital Platform, in person or through an attorney-in-fact duly appointed pursuant to article 28, paragraphs 2 and 3 of CVM Ruling 81, in which case the Shareholders may: (i) simply take part in the Meeting; or (ii) participate and vote at the Meeting.

 

There will be no remote voting under the terms of CVM Ruling 81 for the purposes of the Meeting.

 

Documents necessary to access the Digital Platform:

 

The Shareholders that wish to take part in the Meeting must send to e-mail address braskem-ri@braskem.com, with a request for receipt confirmation, at least 2 days in advance of the date scheduled for the Meeting, that is, by October 1st, 2024, the following documents:

 

(i)evidence issued by the financial institution depositary of the book-entry shares held thereby, proving ownership of the shares at least eight (8) days prior to the Meeting;

 

(ii)if the Shareholder is (a) an individual, the Shareholder’s identity document; or (b) legal entity, instrument of incorporation, bylaws or articles of incorporation, minutes of election of the Board of Directors (if any) and minutes of election of the Executive Office that prove the powers of representation;

 

(iii)if the Shareholder is an investment fund, the fund rules with the information referred to above, pertaining to its administrator or manager, according to the representation rules foreseen in the fund’s regulation;

 

(iv)additionally, in case the Shareholder (individual, legal entity or investment fund) is represented by an attorney-in-fact, (i) the respective power of attorney, granted in compliance with article 126, paragraph 1, of the Brazilian Corporations Law; and (b) identity document of the attorney; and
 
 

 

 

(v)with respect to Shareholders participating in the fungible custody of registered shares, a statement with the respective equity interest, issued by the entity with authority.

 

Pursuant to article 6, paragraph 3, of CVM Ruling 81, access to the Digital Platform shall be forbidden to Shareholders that do not submit the necessary participation documents within the deadline set forth herein.

 

The Company explains that it shall waive the sending of the physical counterparts of the Shareholders’ representation documents to the Company’s offices, as well as the authenticity certification of the grantor’s signature on the power of attorney for representation of the Shareholder, the notarization, the consularization, the annotation and the sworn translation of all of the Shareholder’s representation documents, sufficing to send a simple copy of the original counterparts of said documents to the Company’s e-mail stated above.

 

The Company does not accept powers of attorney granted by Shareholders through electronic means (i.e., digitally signed powers of attorney without any digital certification).

 

Below we describe detailed information about the deadlines and procedures for participating in the Meeting via Digital Platform: the Shareholders that wish to take part in the Meeting must send the request to the Company through e-mail braskem-ri@braskem.com, with a request for receipt confirmation, at least 2 days in advance of the date set for the Meeting to be held, that is, by October 1st, 2024, which must also be properly accompanied by all of the Shareholder’s documents for participation in the Meeting (as detailed above, in the Meeting Call Notice and in the Manual to Participate in the Meeting), noting that access to the Digital Platform shall be forbidden for shareholders that do not submit the necessary participation documents within the deadline set herein, pursuant to article 6, paragraph 3, of CVM Ruling 81.

 

The Company shall send the individual invitations to access the Digital Platform and the respective instructions to access the Digital Platform to the Shareholders that have submitted their requests within the deadline and under the conditions above, as already stated in the Manual to Participate in the Meeting.

 

The Shareholder that participates through the Digital Platform shall be deemed present at the Meeting and may exercise its voting rights and sign the respective Meeting Minutes, pursuant to article 47, paragraph 1, of CVM Ruling 81.

 

 
 

 

If the Shareholder that has properly requested to participate does not receive from the Company the e-mail with the instructions for access and participation in the Meeting at least 24 hours in advance of its holding (that is, by 11 a.m. of October 2nd, 2024), it shall get in touch with the Company through phone numbers +55 (11) 3576-9531 – in any event, before 9 a.m. of October 3rd, 2024, so that its respective access instructions are resent (or provided over the phone).

 

The Company shall provide technical support in case the Shareholders have any problems participating in the Meeting. However, the Company takes no responsibility for any operational or connection issues the Shareholder may face, nor for any other possible matters not related to the Company, which may hinder or prevent the Shareholder from participating in and voting at the Meeting.

 

The Company also recommends that the Shareholders become familiar with the use thereof beforehand, as well as that they ensure the compatibility of their electronic devices with the use of the platform (by video and audio).

 

Additionally, the Company asks the Shareholders to, on the day of the Meeting, access the Webex Digital Platform at least 15 minutes before the time scheduled for the Meeting to start, to enable access validation and participation of all Shareholders using it.

 

Finally, all the exhibits are detailed in this Proposal in accordance with the laws and regulations.

 

The Management

* * *

 
 

 

 

 

 

 

EXHIBIT PAGE
EXHIBIT I – Information of candidate appointed by Petrobras to hold the position of Effective Member of the Board of Directors of the Company, pursuant to article 11, item I, of CVM Ruling 81. 7

 

 
 

 

 

 

RASKEM S.A.

National Register of Legal Entities (CNPJ) No. 42.150.391/0001-70
State Registration (NIRE) 29300006939

 

A Publicly Held Company

 

MANAGEMENT PROPOSAL

FOR THE EXTRAORDINARY GENERAL MEETING OF BRASKEM S.A.

TO BE HELD ON OCTOBER 3rd, 2024

 

EXHIBIT I

 

Information of the candidate appointed by Petrobras to hold the position of Effective Member of the Board of Directors of the Company, pursuant to article 11, item 1 of CVM Resolution 81.

 
 

 

7.3. In relation to each of the managers and members of the issuer's fiscal council, indicate[1]:

 

Name Management Body Elective office held Date of Election Date of Investiture
Olavo Bentes David Board of Directors

Board Member

(Effective)

10/03/2024 10/03/2024
Nationality Individual Taxpayer Registry (Cadastro de Pessoas Físicas – CPF) Term of Office

Start of

1st Term

Elected by the controlling shareholder? No. of Passport  
Brazilian 223.854.441-00 Until AGM 2026 10/03/2024 Yes N/A  
Date of Birth Profession Is part of a Committee? Name of the Committee Position on the Committee Date of election on the Committee Date of Investiture on the Committee Time Period of the Committee's Term Date of 1st Term (Committee)
04/25/1961 Lawyer/Geologist No N/A N/A N/A N/A N/A N/A
Professional Experience:

[1] Mr. Olavo Bentes David does not hold positions on Committees, reason why item 7.4. is not being presented.

 
 

 

 

Mr. Olavo Bentes David is candidate to the Company’s Board of Directors, appointed by Petróleo Brasileiro S.A. - Petrobras. Mr. Olavo Bentes is currently a Presidential Advisor in Petrobras, where he began his professional career as Geologist in 1986. He worked for over twenty years as Petroleum Prospecting Geophysicist in the areas of seismic data acquisition, seismic processing and new business. From 2006, he became a member of the Advocacia Geral da União (AGU) as Federal Prosecutor (admitted trough public examination). He was head of Litigation Coordination on Criciúma/SC section and regional Deputy Prosecutor in INSS in the 2nd Region. Working with the National Petroleum Agency/Agência Nacional do Petróleo (ANP), Mr. Olavo Bentes was Deputy General Attorney until the beginning of 2014, where he became Legal Consultant of the newly created Pré-Sal Petroleo S.A. (PPSA). At PPSA, where he stayed for over eight years, focusing on drafting and negotiating Brazilian production sharing contracts, individualization of production agreements and of the contracts of petroleum and natural gas commercialization of the Union. In April 2022, he returned to the Federal Prosecutor’s Office at AGU, where he worked in petroleum and natural gas litigation, retiring from the public service in September 2022. In the same month, Mr. Olavo Bentes joined the law office Tauil and Chequer associated to Mayer Brown (Corporate and Mergers & Acquisition) until the beginning of June 2024. Mr. Olavo Bentes holds a degree in Geology from the Universidade de Brasilia (UnB) and in Law from the Universidade Federal do Rio Grande do Norte (UFRN). He also holds a specialization in in Geophysics for Petroleum Prospecting, from the Petrobras Corporate University, and specialization in Petroleum and Natural Gas Law.
Convictions:
The Candidate hereby declares that he does not have: (a) any criminal conviction; (b) any conviction in an administrative proceeding of CVM, the Brazilian Central Bank or the Superintendence of Private Insurance; or (c) a final and unappealable conviction, legal or administrative, that suspended or disqualified him for the practice of any professional or business activity.

 

 
 

 

7.5. Existence of Marital Relationship, Civil Partnership or Family Partnership up to the 2nd Degree between a. Issuer’s Managers; b. (i) Issuer’s Managers and (ii) Managers of direct or indirect subsidiaries of the issuer; c. (i) Managers of the issuer or its direct or indirect subsidiaries (ii) direct or indirect controllers of the issuer; d. (i) Managers of the issuer; and (ii) Managers of the issuer's direct and indirect controlling companies

 

Not applicable, as there is no Marital Relationship, Civil Partnership or Family Partnership up to the 2nd Degree between the candidate and the people indicated in items ‘a’, ‘b’, ‘c’ and ‘d’ above.

 
 

 

7.6. State subordination, service, or control relationships in the last three fiscal years between the managers of the issuer and: a. a company directly or indirectly controlled by the issuer, except those in which the issuer directly or indirectly holds equity interest that is equal to or greater than ninety-nine percent (99%) of the capital stock; b. direct or indirect controlling shareholder of the issuer; and c. any relevant supplier, customer, debtor, or creditor of the issuer, its controlled company or controlling shareholders, or controlled company of any of them.

2024[2]:

Manager’s Name   Type of Person   Manager’s CPF   Nationality   No. of Passport
Olavo Bentes David   Brazilian   223.854.441-00   Brazil   N/A
                               
Position in the Company                        
Effective Member of the Board of Directors                        
                               
                               
Related Person   Type of Person   CPF/CNPJ of the Related Person   Nationality   No. of Passport
Petróleo Brasileiro S.A. - Petrobras   Legal Entity   33.000.167/0001-01   Brasil   N/A
                               
Position in the Related Person   Type of Relationship with the Related Person   Type of related person            
President’s Advisor   Subordination   Supplier            
                               

 


[2] In 2023, 2022 and 2021 the candidate did not hold any position in Related Persons to the Company, under the terms set out in this item 7.6.

 

 

 
 

 

SIGNATURES

        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: September 12, 2024

  BRASKEM S.A.
       
       
  By:      /s/     Pedro van Langendonck Teixeira de Freitas
     
    Name: Pedro van Langendonck Teixeira de Freitas
    Title: Chief Financial Officer

 

DISCLAIMER ON FORWARD-LOOKING STATEMENTS

 

This report on Form 6-K may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are statements that are not historical facts, and are based on our management’s current view and estimates of future economic and other circumstances, industry conditions, company performance and financial results, including any potential or projected impact of the geological event in Alagoas and related legal proceedings and of COVID-19 on our business, financial condition and operating results. The words “anticipates,” “believes,” “estimates,” “expects,” “plans” and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the potential outcome of legal and administrative proceedings, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting our financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of our management and are subject to a number of risks and uncertainties, many of which are outside of the our control. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors, including the projected impact of the geological event in Alagoas and related legal proceedings and the unprecedented impact of COVID-19 pandemic on our business, employees, service providers, stockholders, investors and other stakeholders, could cause actual results to differ materially from current expectations. Please refer to our annual report on Form 20-F for the year ended December 31, 2019 filed with the SEC, as well as any subsequent filings made by us pursuant to the Exchange Act, each of which is available on the SEC’s website (www.sec.gov), for a full discussion of the risks and other factors that may impact any forward-looking statements in this presentation.