Enhanced Investments - Financial Portal

Published: 2022-03-17 08:40:28 ET

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6-K 1 elp20220317_6k.htm FORM 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 March, 2022

Commission File Number 1-14668

COMPANHIA PARANAENSE DE ENERGIA

(Exact name of registrant as specified in its charter)

Energy Company of Paraná

(Translation of Registrant's name into English)

José Izidoro Biazetto, 158
81200-240 Curitiba, Paraná
Federative Republic of Brazil
+55 (41) 3331-4011

(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 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____

COMPANHIA PARANAENSE DE ENERGIA - COPEL

Corporate Taxpayer’s ID (CNPJ): 76.483.817/0001-20

PUBLICLY HELD COMPANY

CVM Registration 1431-1

SUMMARY OF THE TWO HUNDRED AND TWENTY-FOURTH

ORDINARY BOARD OF DIRECTORS’ MEETING

1. VENUE: Rua José Izidoro Biazetto, 158 - Bloco A, in the City of Curitiba, State of Paraná, with attendance of the Board members via video conferencing. The justified absence of the Board member Marco Antonio Bologna was duly registered. 2. DATE: March 16, 2022 - 8:30 a.m. 3. PRESIDING: MARCEL MARTINS MALCZEWSKI, Chair; and DENISE TEIXEIRA GOMES, Secretary. 4. MATTERS DISCUSSED AND RESOLUTIONS:

The Board of Directors:

received and analyzed the preliminary version of the Annual Management Report, the Balance Sheet, and the other Financial Statements for the fiscal year 2021, and noted that the matters will be once again analyzed and resolved, after the receipt of the final report of the external auditor Deloitte Touche Tohmatsu Auditores Independentes, at an upcoming meeting of the Board of Directors;

II.

analyzed the preliminary version of the Executive Board’s Proposal for the Allocation of Net Income for the Fiscal Year 2021 and Payment of Profit Sharing Related to the Integration of Capital and Work and Incentive to Productivity, and noted that it will be once again analyzed and resolved on at an upcoming meeting of the Board of Directors;

III.

analyzed and discussed the technical projection study of realization of deferred taxes, and noted that the matter will be once again analyzed and resolved on at an upcoming meeting of the Board of Directors;

IV.

received and analyzed information related to the disclosure of estimates and judgments made during the preparation of the Financial Statements as of December 31, 2020;

analyzed and discussed the matter related to the accounting practices used by the Company;

VI.

received and discussed information on critical accounting policies related to the 20-F Form;

VII.

acknowledged and discussed the Company’s procedure relating to the new accounting standards and their effects on the 2021 Financial Statements;

VIII.

analyzed and discussed preliminary information on Risk Factors for the 20-F Form;

IX.

acknowledged and discussed the information received from the external auditor Deloitte Touche Tohmatsu Auditores Independentes on the work related to the 2021 Financial Statements and Internal Controls;

unanimously approved the proposal to renew the Civil Liability Insurance for Board Members, Executive Officers, and Managers (Director and Officer - D&O), effective from March 28, 2022 to March 28, 2023, according to the premium, coverages, and limits described in the Technical Specification filed at the Company;

XI.

analyzed and discussed preliminary information on the results of the “Performance-Based Award – PPD” Program, cycle of 2021, and presented its opinion;

XII.

unanimously approved the indicators and metrics for the “Performance-Based Award - PPD” Program, cycle of 2022;

XIII.

unanimously authorized that the proposal of the Indemnification Policy, as well as the Indemnification Agreement Model, be submitted for approval at the Extraordinary Shareholders' Meeting (ESM), the call notice of which is hereby authorized;

XIV.

unanimously approved the Internal Regulations of the Board of Directors of Copel (Holding Company) and its Wholly-Owned Subsidiaries;

XV.

unanimously approved the Company’s People Management Policy - NPC 0401;

XVI.

unanimously approved the Annual Report of the Statutory Audit Committee of 2021, after hearing the members of such advisory Committee;

XVII.

received a report from the Statutory Audit Committee about various matters, and discussed the topics presented;

XVIII.

received a report from the Investment and Innovation Committee and the Sustainable Development Committee, and discussed the matters presented;

XIX.

received a report from the Chief Executive Officer on several corporate subjects and discussed the matters; and

XX.

held the Executive Session.

5. SIGNATURES: MARCEL MARTINS MALCZEWSKI - Chair; DANIEL PIMENTEL SLAVIERO - Executive Secretary; ANDRIEI JOSÉ BEBER; CARLOS BIEDERMANN; FAUSTO AUGUSTO DE SOUZA; GUSTAVO BONINI GUEDES; LEILA ABRAHAM LORIA; MARCO ANTÔNIO BARBOSA CÂNDIDO; and DENISE TEIXEIRA GOMES - Secretary.

This is a free English translation of the summary of the minutes of Copel’s 224th Ordinary Board of Directors’ Meeting drawn up in Company’s Book no. 12.

DENISE TEIXEIRA GOMES

Secretary

SIGNATURE

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 March 17, 2022

COMPANHIA PARANAENSE DE ENERGIA – COPEL

By:	/S/ Daniel Pimentel Slaviero
	Daniel Pimentel Slaviero Chief Executive Officer

FORWARD-LOOKING STATEMENTS

This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates of future economic circumstances, industry conditions, company performance and financial 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 declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. 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 could cause actual results to differ materially from current expectations.

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

Important disclosures

Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.

Nothing on this website should be considered an offer, solicitation of an offer, or advice to buy or sell securities.
Past performance is no guarantee of future results. Any historical returns, expected returns [or probability projections] are hypothetical in nature and may not reflect actual future performance.
All the strategies assume investments in equity invstrumenta only and are more relevant for "agressive investment profile". Eastern European flagship strategy assumes using up to 20% leverage of total portfolio. GlobalCommodities and US Growth strategy currently assume no leverage.
Results for the Enhanced Investments strategies as compared to the performance of Illustrative Benchmarks is for informational purposes only. Our investment program does not mirror that of the Illustrative Benchmarks and the volatility may be materially different from the volatility of Illustrative Benchmarks. Reference or comparison to an Illustrative Benchmark does not imply that strategies of Enhanced Investments will be constructed in the same way as the Illustrative Benchmark or achieve returns, volatility, or other results similar to those of the Illustrative Benchmark. The S&P 500 is an unmanaged market capitalization-weighted index of 500 common stocks chosen for market size, liquidity, and industry group representation to represent U.S. equity performance.
Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.