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Petroleo Brasileiro SA Petrobras | 6-K/A: Petrobras informs about decision in popular action

SEC announcement ·  Apr 10 04:00
Summary by Futu AI
On April 5, 2024, Petroleo Brasileiro SA Petrobras (Petrobras) announced that the 21st Federal Court of São Paulo issued a precautionary decision to suspend Mr. Sérgio Machado Rezende from his position as a Board Member of the company. The court's decision cited alleged non-compliance with the company's Bylaws during the appointment process. Petrobras has stated its intention to appeal the decision, emphasizing its commitment to maintaining the integrity of its internal governance procedures. The company has assured that it will keep the market informed of any material facts regarding the ongoing legal proceedings, which are being monitored by its internal bodies.
On April 5, 2024, Petroleo Brasileiro SA Petrobras (Petrobras) announced that the 21st Federal Court of São Paulo issued a precautionary decision to suspend Mr. Sérgio Machado Rezende from his position as a Board Member of the company. The court's decision cited alleged non-compliance with the company's Bylaws during the appointment process. Petrobras has stated its intention to appeal the decision, emphasizing its commitment to maintaining the integrity of its internal governance procedures. The company has assured that it will keep the market informed of any material facts regarding the ongoing legal proceedings, which are being monitored by its internal bodies.
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