Azul S.A. (AZLUY) adds independent audit member, names financial experts
Filing Impact
Filing Sentiment
Form Type
6-K
Rhea-AI Filing Summary
Azul S.A. reported changes to its Statutory Audit Committee. Following the resignation of independent member James Jason Grant, the board appointed Sérgio Eraldo de Salles Pinto as an independent member, effective May 5, 2026, with a term running through May 2, 2027.
The board also determined that Sérgio Eraldo de Salles Pinto and Gilberto de Almeida Peralta each qualify as an audit committee financial expert for purposes of U.S. and NYSE rules governing audit committee expertise.
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Key Terms
Statutory Audit Committee, Independent Member, audit committee financial expert, Item 407(d)(5) of Regulation S-K, +2 more
6 terms
Statutory Audit Committee financial
"In view of the resignation of Mr. James Jason Grant from the position of an Independent Member of the Company's Statutory Audit Committee"
Independent Member financial
"approved the appointment of Mr. Sérgio Eraldo de Salles Pinto as an Independent Member of the Statutory Audit Committee"
audit committee financial expert financial
"resolved that Mr. Sérgio Eraldo de Salles Pinto and Mr. Gilberto de Almeida Peralta each qualify as an audit committee financial expert"
A person on a company’s board who has deep knowledge of accounting, financial reporting and auditing, able to understand and question the books, controls and audit work like a trained mechanic inspecting an engine. Investors care because that expertise helps spot errors, weaknesses or misleading statements early, improving the likelihood that financial reports are accurate and reducing the risk of surprises that can hurt a company’s value.
Item 407(d)(5) of Regulation S-K regulatory
"for the purposes of Item 407(d)(5) of Regulation S-K under the U.S. Securities Act of 1933"
NYSE American Company Guide regulatory
"Rule 803B(2)(iii) of the NYSE American Company Guide"
A handbook of rules and requirements that govern companies listed on the NYSE American market, covering eligibility to list, ongoing disclosure duties, corporate governance expectations, and trading practices. It matters to investors because it sets the minimum standards companies must meet to join and remain on that exchange — like a routine safety inspection that signals basic reliability and transparency — helping investors judge regulatory compliance, quality of public information, and potential risks to a stock’s value.
NYSE Listed Company Manual regulatory
"Section 303A.07 of the NYSE Listed Company Manual"
A NYSE Listed Company Manual is the rulebook that sets the standards and obligations companies must meet to trade on the New York Stock Exchange, covering eligibility, ongoing disclosure, corporate governance and trading procedures. For investors it matters because the manual enforces transparency and minimum safeguards—like a building code for markets—so shareholders can trust that listed companies provide timely information and meet basic financial and governance standards.
FAQ
What governance change did Azul S.A. (AZLUY) disclose in this 6-K?
Azul S.A. disclosed a change in its Statutory Audit Committee. After James Jason Grant resigned as an independent member, the board appointed Sérgio Eraldo de Salles Pinto as a new independent member, effective May 5, 2026, with a term ending May 2, 2027.
Who was appointed to Azul S.A. (AZLUY)’s Statutory Audit Committee?
The board appointed Sérgio Eraldo de Salles Pinto as an independent member of the Statutory Audit Committee. His term runs until May 2, 2027, aligning with the terms of current committee members and taking effect from May 5, 2026.
Which members of Azul S.A. (AZLUY)’s audit committee qualify as financial experts?
The board determined that Sérgio Eraldo de Salles Pinto and Gilberto de Almeida Peralta each qualify as audit committee financial experts. This designation is for purposes of Item 407(d)(5) of Regulation S-K, NYSE American Rule 803B(2)(iii), and NYSE Section 303A.07.
Why is the audit committee financial expert designation important for Azul S.A. (AZLUY)?
The audit committee financial expert designation signals that certain committee members have advanced financial and accounting expertise. For Azul S.A., this helps meet U.S. and NYSE governance requirements and supports the audit committee’s oversight of financial reporting and internal controls.
When did the changes to Azul S.A. (AZLUY)’s Statutory Audit Committee take effect?
The changes took effect on May 5, 2026. On that date, Sérgio Eraldo de Salles Pinto officially joined the Statutory Audit Committee as an independent member, with his term scheduled to end on May 2, 2027, alongside other members’ terms.