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PagSeguro (NYSE: PAGS) founder steps down from board leadership

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

PagSeguro Digital Ltd. (PAGS) reported changes to its board leadership. Founder and indirect controlling shareholder Luis Frias resigned as Director and Chairman of the board effective August 21, 2026, after serving in these roles for nine years, and will remain the Company’s indirect controlling shareholder.

The board appointed existing director Maria Judith de Brito as Chairman and reaffirmed Eduardo Alcaro as Vice-Chairman, each effective immediately upon Mr. Frias’s resignation. The board now consists of seven members, including three independent directors: Marcia Nogueira de Mello, Maria Carolina Ferreira Lacerda, and Cleveland Prates Teixeira.

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Years as Director and Chairman nine years Period that Luis Frias served as Director and Chairman of the Board
Resignation notice date August 20, 2026 Date Luis Frias notified the Board of his resignation
Resignation effective date August 21, 2026 Effective date of Luis Frias’s resignation as Director and Chairman
Number of board members seven Total members of PagSeguro’s Board after the leadership changes
Independent directors three Number of independent directors on the Board after the changes
foreign private issuer regulatory
"FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16"
A foreign private issuer is a company organized outside the United States that meets tests showing it is primarily foreign-controlled and therefore qualifies for a different set of U.S. reporting rules. For investors, that means the company files less frequent or differently formatted disclosures with U.S. regulators and may follow home-country accounting and governance practices, so buying its stock is like dining at a well-reviewed restaurant that follows its home kitchen’s rules instead of the local menu — you get access but should check what standards apply.
indirect controlling shareholder financial
"its founder and indirect controlling shareholder, Mr. Luis Frias, is stepping down"
independent director financial
"Marcia Nogueira de Mello – (Independent) Director"
An independent director is a member of a company's board of directors who is not involved in the company's day-to-day operations and has no significant relationships with the company that could influence their judgment. Their role is to provide unbiased oversight and ensure the company is managed in the best interests of all shareholders. This helps build trust and confidence among investors by promoting transparency and accountability.
forward-looking statements regulatory
"This press release contains certain “forward-looking statements” within the meaning"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
Private Securities Litigation Reform Act of 1995 regulatory
"within the meaning of the U.S. Private Securities Litigation Reform Act of 1995"

FAQ

What board leadership change did PagSeguro Digital Ltd. (PAGS) announce?
PagSeguro announced that Luis Frias resigned as Director and Chairman of the board effective August 21, 2026. The board appointed existing director Maria Judith de Brito as Chairman and reconfirmed Eduardo Alcaro as Vice-Chairman, effective upon Mr. Frias’s resignation.

Does PagSeguro (PAGS) founder Luis Frias remain involved with the company?
Yes. Although Luis Frias resigned as Director and Chairman of the board, he remains the Company’s indirect controlling shareholder and is described as remaining committed to PagSeguro’s growth.

Who are the new Chairman and Vice-Chairman of PagSeguro (PAGS)?
PagSeguro’s board appointed Maria Judith de Brito as Chairman of the Board and reconfirmed Eduardo Alcaro as Vice-Chairman of the Board, each effective immediately upon the resignation of Luis Frias on August 21, 2026.

How is the board of PagSeguro (PAGS) composed after the announced changes?
After the changes, PagSeguro’s board has seven members: Maria Judith de Brito (Chairman), Eduardo Alcaro (Vice-Chairman), Artur Gaulke Schunck, Alexandre Magnani, and three independent directors: Marcia Nogueira de Mello, Maria Carolina Ferreira Lacerda, and Cleveland Prates Teixeira.

When did PagSeguro (PAGS) receive Luis Frias’s resignation from the board?
On August 20, 2026, Luis Frias notified the board of his resignation as Director and Chairman. The resignation became effective on August 21, 2026.

What is PagSeguro Digital Ltd.'s (PAGS) core business focus?
PagSeguro Digital Ltd. is described as a leading provider of financial technology and software solutions, primarily focused on consumers, individual entrepreneurs, micro-merchants, and small to medium-sized companies in Brazil, offering a comprehensive mobile-first digital banking ecosystem.

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Form 6-K: How Foreign Companies Report to the SEC →

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

For the month of August 2026

Commission File Number: 001-38353

 

PagSeguro Digital Ltd.
(Name of Registrant)

Conyers Trust Company (Cayman) Limited,
Cricket Square, Hutchins Drive, P.O. Box 2681,
Grand Cayman, KY1-1111, Cayman Islands
(Address of Principal Executive Office)

 

 

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 ☒ Form 40-F ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

Yes ☐ No ☒

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):

Yes ☐ No ☒

Graphics

 

PagSeguro Digital Ltd. Announces Changes to its Board of Directors and Chairman

 

São Paulo, August 21, 2026 – PagSeguro Digital Ltd. (NYSE: PAGS) (“PagSeguro” or the “Company”) today announced that, after nine years serving as Director and Chairman of the Company’s board of directors (“Board”), its founder and indirect controlling shareholder, Mr. Luis Frias, is stepping down from the Board. On August 20, 2026, Mr. Luis Frias notified the Board of his resignation as Director and Chairman of the Board, effective as of August 21, 2026. Mr. Frias remains committed to the Company’s growth and will continue as the Company’s indirect controlling shareholder. The Company thanks Mr. Frias for his vision, leadership, and contributions to PagSeguro’s growth over the past nine years as Director and Chairman of the Board.

The Board appointed existing director Ms. Maria Judith de Brito as Chairman of the Board and reconfirmed existing director Mr. Eduardo Alcaro as Vice-Chairman of the Board, in each case, effective immediately upon the resignation of Mr. Luis Frias.

Following the above changes, the Board will consist of the following:

•                      Maria Judith de Brito – Chairman and Director

•                      Eduardo Alcaro – Vice-Chairman and Director

•                      Artur Gaulke Schunck – Director

•                      Alexandre Magnani – Director

•                      Marcia Nogueira de Mello – (Independent) Director

•                      Maria Carolina Ferreira Lacerda – (Independent) Director

•                      Cleveland Prates Teixeira – (Independent) Director

About PagSeguro

PagSeguro Digital Ltd. is a leading provider of financial technology and software solutions primarily focused on consumers, individual entrepreneurs, micro-merchants, and small to medium-sized companies in Brazil. PagSeguro’s mission is to transform and democratize the financial services industry in Brazil by offering merchants and consumers a comprehensive mobile-first digital banking ecosystem that is secure, affordable, and easy to use.

Forward-Looking Statements

This press release contains certain “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements reflect the current views of management and are subject to a number of risks and uncertainties. These statements are based on various 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. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by applicable law.

 

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: August 21, 2026

 

PagSeguro Digital Ltd.

 

 

 

By:

/s/ Gustavo Sechin

 

Name:

Gustavo Sechin

 

Title:

Chief Financial and Accounting Officer

Source: View Original Filing on SEC EDGAR