LATAM Airlines Group refreshes board, committees
LATAM Airlines Group S.A. reported governance changes following its Ordinary Shareholders’ Meeting.
Rhea-AI Filing Summary
LATAM Airlines Group S.A. reported governance changes following its Ordinary Shareholders’ Meeting. Shareholders elected a nine-member Board of Directors that will serve for two years, including Enrique Cueto Plaza, Ignacio Cueto Plaza and three independent directors: Frederico F. Curado, Luis Felipe Cerón Cerón and Marcos Büchi Buc.
After the meeting, the Board appointed Ignacio Cueto Plaza as Chairman and Bornah Moghbel as Vice Chairman. The independent directors Curado, Cerón and Büchi will form the Directors’ Committee under Chilean law, and this committee will also act as the company’s Audit Committee for Sarbanes-Oxley compliance.
Positive
- None.
Negative
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Key Figures
Board size: 9 directors
Board term length: Two years
Independent directors: 3 directors
3 metrics
Board size
9 directors
Elected at Ordinary Shareholders’ Meeting
Board term length
Two years
Newly elected LATAM Airlines Group board
Independent directors
3 directors
Members of Directors’ Committee and Audit Committee
Key Terms
Ordinary Shareholders’ Meeting, Directors’ Committee, Audit Committee, Sarbanes-Oxley Act
4 terms
Directors’ Committee financial
"the Directors Frederico F. Curado, Luis Felipe Cerón Cerón and Marcos Büchi Buc will form the Directors’ Committee"
Audit Committee financial
"the aforementioned Directors’ Committee will also perform the functions of the Audit Committee required by the Sarbanes-Oxley Act"
A company's audit committee is a small group of board members who act like independent inspectors for the firm's finances, overseeing how financial reports are prepared, monitoring internal controls, and managing the relationship with external auditors. Investors care because a strong audit committee reduces the risk of accounting errors, fraud, or misleading statements, making financial statements more trustworthy and helping protect shareholder value.
Sarbanes-Oxley Act regulatory
"perform the functions of the Audit Committee required by the Sarbanes-Oxley Act of the United States of America"
A federal law that requires publicly traded companies to follow strict procedures for keeping accurate financial records, performing internal checks, and keeping auditors independent so financial statements can be trusted. It matters to investors because it lowers the chance of fraud or misleading reports—like adding an extra set of locks and routine inspections to a safe—making it easier to judge a company's true financial health and investment risk.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What governance changes did LATAM (LTM) announce in this 6-K filing?
LATAM announced the election of a new nine-member Board of Directors for a two-year term and the appointment of a Directors’ Committee that will also serve as the Audit Committee under Sarbanes-Oxley requirements.
Who are the new Chairman and Vice Chairman of LATAM Airlines Group (LTM)?
The Board appointed Ignacio Cueto Plaza as Chairman and Bornah Moghbel as Vice Chairman at a meeting held immediately after the Ordinary Shareholders’ Meeting, formalizing the leadership structure of LATAM’s Board for the new two-year term.
How many independent directors serve on LATAM Airlines Group’s new board?
Three independent directors serve on the new board: Frederico F. Curado, Luis Felipe Cerón Cerón and Marcos Büchi Buc. All three also sit on the Directors’ Committee, which has been designated to perform the functions of the Audit Committee.
What is the role of LATAM’s Directors’ Committee mentioned in the filing?
The Directors’ Committee, composed of Curado, Cerón and Büchi, fulfills the committee requirements under Chilean Corporations Act No. 18,046. The Board also agreed that this committee will perform the Audit Committee functions required by the U.S. Sarbanes-Oxley Act.
How long will the newly elected LATAM board members serve?
The newly elected directors will remain in office for two years. This term was set at the Ordinary Shareholders’ Meeting, which elected the full nine-member Board to oversee LATAM’s governance during this period.
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_________________________________________________________________
FORM 6-K
_________________________________________________________________
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
April 2026
Commission File Number 1-14728
_________________________________________________________________
LATAM Airlines Group S.A.
(Translation of Registrant’s Name Into English)
_________________________________________________________________
Presidente Riesco 5711, 20th floor
Las Condes
Santiago, Chile
(Address of principal executive offices)
_________________________________________________________________
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Form 20-F x Form 40-F o
LATAM AIRLINES GROUP S.A.
The following exhibit is attached:
| EXHIBIT NO. | DESCRIPTION | |||||||
| 99.1 | Material Fact | |||||||
SIGNATURES
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: April 23, 2026 | LATAM AIRLINES GROUP S.A. | |||||||
| By: | /s/ Juan Carlos Menció | |||||||
| Name: | Juan Carlos Menció | |||||||
| Title: | Legal and Compliance Vice President | |||||||
MATERIAL FACT
LATAM AIRLINES GROUP S.A.
Issuer of securities registered in the Securities Registry
Santiago, April 23, 2026
Mrs.
Catherine Tornel
President
Commission for the Financial Market
Av. Libertador Bernardo O´Higgins 1449
Present
Ref.: Communicate MATERIAL FACT
____________________________________________
To Whom It May Concern:
In accordance with the provisions of article 9 and article 10 of Law No. 18,045, as well as General Rule No. 30 of this Commission, I inform you of the following Material Fact regarding LATAM Airlines Group S.A. (“LATAM”):
I.- Election of Board of Directors, Chairman and Vice Chairman.-
At the Ordinary Shareholders’ Meeting of LATAM held on this date, the members of the Board of Directors of LATAM were elected, who will remain in office for two years. The following persons were elected as Directors:
i. Enrique Cueto Plaza
ii. Ignacio Cueto Plaza
iii. Bornah Moghbel
iv. Michael Neruda
v. Sonia Villalobos
vi. Alexander D. Wilcox
vii. Frederico F. Curado (independent)
viii. Luis Felipe Cerón Cerón (independent)
ix. Marcos Büchi Buc (independent)
At the Board of Directors Meeting held immediately after the Shareholders’ Meeting, Mr. Ignacio Cueto Plaza and Mr. Bornah Moghbel were appointed as Chairman and Vice Chairman of the Board of Directors, respectively.
II.- Directors’ Committee.-
By unanimous agreement of the Directors adopted at the same Meeting, the Directors Frederico F. Curado, Luis Felipe Cerón Cerón and Marcos Büchi Buc will form the Directors’ Committee referred to in Article 50 bis of the Corporations Act No. 18,046, of which all are independent.
Likewise, by agreement of the Board of Directors also adopted at the same Meeting, the aforementioned Directors’ Committee will also perform the functions of the Audit Committee required by the Sarbanes-Oxley Act of the United States of America.
Yours sincerely,
Juan Carlos Menció
Legal & Compliance Vice President
LATAM Airlines Group S.A.
c.c.:
Santiago Stock Exchange
Santiago Chile Electronic Stock Exchange