YDUQS PARTICIPAÇÕES S.A.
MANAGEMENT PROPOSAL FOR THE
ANNUAL AND EXTRAORDINARY SHAREHOLDERS' MEETING
TO BE HELD ON APRIL 27, 2023, AT 2:00 P.M.
March 27, 2023
MANAGEMENT PROPOSAL FOR THE
ANNUAL AND EXTRAORDINARY SHAREHOLDERS' MEETING
TO BE HELD ON APRIL 27, 2023, AT 2:00 P.M.
Proposal prepared by the Management of YDUQS Participações S.A. pursuant to and for the purposes of CVM Resolution 81, of March 29, 2022, as amended.
March 27, 2023
ANNUAL AND EXTRAORDINARY SHAREHOLDERS' MEETING
TO BE HELD ON APRIL 27, 2023
MANAGEMENT PROPOSAL
TABLE OF CONTENTS
1. PURPOSE.................................................................................................................... 4
2. DOCUMENTS AVAILABLE TO SHAREHOLDERS ............................................................. 5
3. EASM CALL ............................................................................................................... 6
4. VENUE AND TIME OF THE AESM ............................................................................... 7
5. INSTRUCTIONS FOR ATTENDING THE AESM ............................................................. 7
6. REMOTE VOTING FORM ............................................................................................. 8
7. RULES FOR HOLDING THE AESM ............................................................................ 12
8. APPROVAL OF THE MATTERS IN THE AGENDA .......................................................... 12
9. MINUTES OF THE AESM .......................................................................................... 12
10. ANALYSIS OF MATTERS IN THE AGENDA OF THE ANNUAL SHAREHOLDERS' MEETING13
10.1. FINANCIAL STATEMENTS ACCOMPANIED BY THE INDEPENDENT AUDITORS' REPORT, THE
LEGAL OPINION OF THE FISCAL COUNCIL AND THE LEGAL OPINION OF THE AUDIT AND FINANCE
COMMITTEE, FOR THE FISCAL YEAR ENDED DECEMBER 31, 2022 ......................................... 13
10.2.
MANAGEMENT REPORT AND THE MANAGEMENT ACCOUNTS FOR THE FISCAL YEAR ENDED
DECEMBER 31, 2022 .............................................................................................................. 15
10.3.
ABSORPTION OF THE LOSS RECORDED IN THE FISCAL YEAR ENDED DECEMBER 31, 2022 15
10.4. INSTATEMENT OF THE FISCAL COUNCIL ................................................................. 16
10.5. ESTABLISH THE NUMBER OF THE FISCAL COUNCIL MEMBERS FOR THE NEXT TERM OF
OFFICE OF THE COMPANY'S FISCAL COUNCIL; ..................................................................... 17
10.6. ELECTION OF SITTING AND ALTERNATE FISCAL COUNCIL MEMBERS ...................... 17
10.6.1. CANDIDATES APPOINTED BY THE COMPANY'S MANAGEMENT ................................. 18
10.6.2. APPOINTMENT OF CANDIDATES FOR THE FISCAL COUNCIL ..................................... 18
10.6.3. INCLUSION OF CANDIDATES IN THE REMOTE VOTING FORM .................................. 19
10.7. ESTABLISH THE OVERALL ANNUAL COMPENSATION OF THE MANAGEMENT AND FISCAL
COUNCIL MEMBERS FOR THE FISCAL YEAR 2023 ................................................................... 20
10.7.1. OVERALL COMPENSATION AMOUNT ......................................................................... 20
10.7.2. AMOUNTS TO BE DISTRIBUTED AMONG THE ADMINISTRATIVE BODIES .................... 21
10.7.3. COMPARISON OF THE PROPOSED COMPENSATION WITH THE PREVIOUS YEAR'S COMPENSATION .................................................................................................................... 21
10.7.4. COMPARISON BETWEEN THE AMOUNTS APPROVED IN THE PREVIOUS FISCAL YEAR AND THE AMOUNTS DISCLOSED IN THE 2022 REFERENCE FORM ......................................................... 22
10.7.5. COMPARISON BETWEEN THE AMOUNTS PROPOSED N THE PREVIOUS FISCAL YEAR AND THE
ACTUAL AMOUNTS ................................................................................................................. 22
10.7.6. ADDITIONAL COMPENSATION INFORMATION .......................................................... 23
11. ANALYSIS OF MATTERS IN THE AGENDA OF THE EXTRAORDINARY SHAREHOLDERS' MEETING 23
11.1. AMENDMENT OF ARTICLE 18, PARAGRAPH 3 OF THE COMPANY'S BYLAWS ............... 23
11.2. CREATE NEW STOCK OPTION PLAN ......................................................................... 24
12. CONCLUSION ........................................................................................................... 24
EXHIBIT I. COMMENTS FROM THE BOARD OF EXECUTIVE OFFICERS……25
EXHIBIT II. INFORMATION ON THE CANDIDATES APPOINTED BY THE
MANAGEMENT TO THE FISCAL COUNCIL ……………………………………… .57
EXHIBIT III. MANAGEMENT COMPENSATION ………………………………….... 65
EXHIBIT IV. TABLE DESCRIBING THE PROPOSED AMENDMENTS TO THE
BYLAWS …………………………………………………………………………………… .127
EXHIBIT V. COPY OF THE AMENDED BYLAWS ………………………………… 129
EXHIBIT VI. COPY AND INFORMATION OF THE STOCK OPTION PLAN……..154
MANAGEMENT PROPOSAL FOR THE ANNUAL AND EXTRAORDINARY SHAREHOLDERS' MEETING TO BE HELD ON APRIL 27, 2023
Dear shareholders,
The management of YDUQS PARTICIPAÇÕES S.A., publicly-held Company, headquartered at Avenida Venezuela, 43, 6º andar, Bairro Saúde, CEP 20081-311, in the City and State of Rio de Janeiro, with its articles of organization filed in the Registry of Commerce of the State of Rio de Janeiro, under Company Registry (NIRE) No. 33.300.282.050, and holder of Corporate Taxpayers' ID (CNPJ) No. 08.807.432/0001-10, registered in the Brazilian Securities and Exchange Commission ("CVM") as a publicly-traded company, category "A", under code 02101-6 ("Company"), whose shares are traded on the Novo Mercado Listing Segment of B3 S.A. - Brasil, Bolsa, Balcão ("Novo Mercado" and "B3", respectively) under ticker YDUQ3 pursuant to Law 6,404 of December 15, 1976, as amended ("Brazilian Corporation Law") and CVM Resolution 81, of March 29, 2022, as amended ("RCVM 81"), hereby submits to the shareholders this proposal to be analyzed and resolved at the Company's Annual and Extraordinary Shareholders' Meeting to be held, on first call, on April 27, 2023, at 2:00 p.m., at Av. Venezuela, 43, 6º andar, Bairro Saúde, in the City and State of Rio de Janeiro ("AESM"), according to the corporate law in force, CVM rulings and the provisions of the Company's Bylaws ("Proposal").
1. PURPOSE
The Company's Management, taking into consideration the Company's best interests, hereby submits to the appreciation, discussion and voting on the AESM the following matters on the agenda:
A. At the Annual Shareholders' Meeting
(i) the financial statements accompanied by the independent auditors' report, the legal opinion of the Fiscal Council and the legal opinion of the Audit and Finance Committee, for the fiscal year ended December 31, 2022;
(ii) the management report and the management accounts for the fiscal year ended
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YDUQS Participações SA published this content on 27 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 March 2023 22:28:10 UTC.