AXIA Energia S.A. (AXIA) SEC Filings, Mar 11-18, 2026

BRAZILIAN ELECTRIC POWER CO filed an initial Form 3 insider ownership report for Paulo Roberto Bellentani Brandao. The report identifies him as a reporting person but not as a director, officer, or ten percent owner, and shows no reportable transactions or derivative positions in the provided data.

BRAZILIAN ELECTRIC POWER CO had an initial insider ownership report filed on Form 3 by Carlos Eduardo Teixeira Taveiros

BRAZILIAN ELECTRIC POWER CO filed an initial insider ownership report on Form 3 for Cristina Fontes Doherty. This filing establishes her status as a reporting person for the company but does not list any specific share holdings or recent transactions. It is an administrative disclosure required under insider reporting rules.

Centrais Elétricas Brasileiras S.A. – Eletrobras reports shareholder nominations for its Fiscal Council ahead of the Annual and Extraordinary General Meeting scheduled for April 15, 2026. Candidates include experienced accountants, economists, lawyers and executives with long tenures on fiscal councils and boards of major Brazilian companies.

The company states that nominees already reviewed, such as Cristina Fontes Doherty and candidates proposed by Banco Clássico and Radar for certain seats, meet Brazilian corporate law, bylaws and internal nomination policy requirements. Other nominees are undergoing integrity and eligibility assessments, with results to be disclosed in a later notice. Disclosures indicate no criminal or regulatory convictions, and no family or significant related-party relationships affecting independence.

Centrais Elétricas Brasileiras S.A. – Eletrobrás outlines arrangements for an exclusively digital Extraordinary and Annual General Meeting in 2026. Shareholders will vote on the 2025 management report and complete annual financial statements, the allocation of 2025 results and dividend distribution, and the election of Fiscal Council members.

The meeting will use the Atlas AGM digital platform, with registration required by 11:59 p.m. on April 13, 2026. Remote voting ballots may be submitted via the bookkeeping agent Itaú, custody agents, the B3 Central Depositary, or directly through Atlas AGM, and shareholders will also set aggregate compensation for officers, directors, committee members and Fiscal Council for fiscal year 2026.

AXIA Energia (Eletrobras) reports weaker 2025 results while advancing a major strategic transition. Net income was R$6.56 billion, down 36.8% from 2024, as EBITDA fell 67.5% to R$8.52 billion, mainly after negative regulatory remeasurements and asset disposals. Net operating revenue grew 2.74% to R$41.28 billion, supported by higher transmission and short-term market revenues, while PMSO costs fell 12.8% to R$6.68 billion. Net debt rose to about R$46.55 billion, with leverage at 5.5x EBITDA after large dividend payments of R$8.3 billion and bond amortizations. The board proposes approving the 2025 financial statements, allocating results (including a 5% legal reserve), electing the Fiscal Council, and setting up to R$93.3 million in 2026 aggregate management compensation.

The extraordinary meeting will vote on changing the corporate name to “AXIA Energia S.A.”, amending and restating the bylaws to refine governance and executive powers, and introducing a long-term Performance Share Plan. That plan covers up to 29,154,287 shares (around 1% of capital), uses total shareholder return as the core metric, has a minimum three-year vesting plus a 12‑month lock-up, and will be funded with treasury or repurchased shares, avoiding dilution.

Centrais Elétricas Brasileiras S.A. – Eletrobras has called an Annual and Extraordinary General Meeting for April 15, 2026, to be held exclusively online via the Atlas AGM platform. Shareholders will vote on the 2025 financial statements, allocation of results and dividends, election of the Fiscal Council, and 2026 aggregate compensation for officers, directors, committee members and Fiscal Council.

The extraordinary agenda includes changing the corporate name to AXIA Energia S.A., amending and restating the bylaws to enhance executive powers and correct technical points, and approving a Performance Share Grant Plan as a long-term incentive for statutory executive officers. The notice details procedures and deadlines for remote voting ballots and digital participation, with key cutoffs on April 11 and April 13, 2026.

Centrais Elétricas Brasileiras S.A. – Eletrobras filed a report describing an upcoming extraordinary and special shareholders’ meeting to be held exclusively in digital format via the Atlas AGM platform. Shareholders can vote remotely through the bookkeeping agent Itaú, custody agents, B3’s investor area, or the Company’s chosen Atlas AGM system.

The agenda asks investors to decide on changing the corporate name to “AXIA Energia S.A.”, amending bylaws to adjust and expand executive powers, and then restating the bylaws to consolidate approved changes. Shareholders are also asked to approve a new Performance Share Grant Plan as a long-term incentive component of statutory executive officers’ compensation.

Centrais Elétricas Brasileiras S.A. – Eletrobras reports the completion of an auction of fractional Class “C” preferred shares (PNC) created by a prior bonus issue. The auction on B3 S.A. – Brasil, Bolsa, Balcão sold 108,961 PNC shares at an average price of BRL 58.53936145670 per share, net of fees.

Cash proceeds from this sale will be distributed to shareholders entitled to fractional PNC positions in proportion to their holdings, with availability as of March 19, 2026. Amounts for shareholders without updated banking details will remain available at Itaú Corretora de Valores S.A. for 365 days from that date.