FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
Commission File Number: 001-14554
Banco Santander Chile
|
Santander Chile Bank
|
(Translation of Registrant’s Name into English)
|
|
Bandera 140
|
Santiago, Chile
|
(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:
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):
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):
Indicate by check mark whether by furnishing
the information contained in this Form, the Registrant is also thereby furnishing the information to the Commission pursuant to
Rule 12g3-2(b) under the Securities Exchange Act of 1934:
If “Yes” is marked, indicate below
the file number assigned to the registrant in connection with Rule 12g3-2(b):
N/A
PROPUESTAS PARA JUNTA ORDINARIA DE
ACCIONISTAS 2019 BANCO SANTANDER-CHILE
I. Resolver el destino de las utilidades
del ejercicio 2018.
Se propondrá a la Junta Ordinaria
de Accionistas la distribución de la utilidad líquida del ejercicio 2018, ascendente a $591.902.491.184, de la siguiente
forma:
a) Repartir un dividendo de $1,88457837
por acción entre el total de 188.446.126.794 acciones emitidas e inscritas en el Registro de Accionistas, lo que alcanza
a la suma total de $355.141.494.710.
b) Destinar el remanente de la utilidad
del período, ascendente a $236.760.996.474 al fondo de reservas provenientes de utilidades.
El dividendo propuesto, de aprobarse, equivale
al 60% de las utilidades del ejercicio del año 2018. El dividendo propuesto es atractivo para los accionistas en términos
de rentabilidad de su inversión. Por ejemplo, si tomamos el precio de cierre de la acción al día 29 de marzo
pasado, este dividendo representaría un retorno de 3,7% sobre dicho precio de cierre referencial.
Además, el aumento del fondo de
reservas con el saldo de la utilidad del ejercicio que se propone que no se distribuya (40%) permite al Banco aumentar su base
de capital, manteniendo una sólida posición para financiar el crecimiento previsto en el negocio. De esta forma se
busca conciliar, por un lado, el objetivo de otorgar a los accionistas una adecuada rentabilidad sobre su inversión con
el de mantener una sólida base de capital para financiar el crecimiento de los negocios del Banco a futuro.
II. Nombramiento definitivo de Directores
Titulares y Suplente.
Se propondrá a la Junta Ordinaria
de Accionistas nombrar en forma definitiva, en el cargo de directores titulares a: i) don Rodrigo Echenique Gordillo, en calidad
de director titular en reemplazo de don Andreu Plaza López; y a ii) don Rodrigo Vergara Montes quien asume el cargo de director
titular que dejó don Oscar Von Chrismar Carvajal, al pasar a ocupar éste el cargo de director suplente en reemplazo
de don Raimundo Monge quien presentó su renuncia. Don Rodrigo Vergara se propone como director titular independiente.
Se propondrá, asimismo, nombrar
en forma definitiva, como director suplente, a don Oscar Von Chrismar Carvajal, quién asume en reemplazo de don Raimundo
Monge.
El señor Rodrigo Echenique Gordillo
es licenciado en Derecho por la Universidad Complutense de Madrid. Es vicepresidente y director ejecutivo de Banco Santander S.A.
(España) y miembro de la Junta de Santander México. Tiene una importante y vasta experiencia en banca internacional.
En 1976 se incorporó al Banco Exterior de España como director general adjunto y jefe de Servicios Legales. Posteriormente
fue nombrado director general adjunto y miembro de la Comisión Ejecutiva, y se desempeñó como director ejecutivo
de Banco Santander S.A. de 1988 a 1994. Fue miembro de directorios de varias empresas industriales y financieras como Ebro Azúcares
y Alcoholes e Industrias Agrícolas S.A., y presidió el consejo asesor de Accenture. También fue presidente
no ejecutivo de NH Hotels Group, Vocento, Vallehermoso, entre otros.
El señor Rodrigo Vergara es profesor
titular del Instituto de Economía de la Pontificia Universidad Católica de Chile y economista senior del Centro de
Estudios Públicos. Fue presidente del Banco Central de Chile entre 2011 y 2016. En 2012 fue elegido como el Economista del
Año por el diario El Mercurio y un año después fue nominado por la revista Global Finance como uno de los
cinco mejores presidentes de bancos centrales en el mundo y número uno en América. En 2013 también recibió
el Premio Ingeniero Comercial, otorgado por la Fundación Facultad de Ciencias Económicas y Administrativas de la
Pontificia Universidad Católica de Chile. En mayo de 2018 fue contratado por la Escuela de Gobierno de la Universidad de
Harvard como investigador asociado del Centro Mossavar-Rahmani de la Escuela Kennedy de Gobierno. Es ingeniero comercial de la
Pontificia Universidad Católica de Chile y doctor en Economía de la Universidad de Harvard.
III. Determinación de las remuneraciones
del Directorio.
Se propondrá mantener las remuneraciones
actualmente vigentes y que fueron acordadas en Junta Ordinaria de Accionistas de 24 de abril de 2018, las que aparecen informadas
en la Memoria del Banco y disponibles en la página web.
IV. Designación de Auditores
Externos para el ejercicio 2019.
Para este efecto se han solicitado propuestas
a las firmas Deloitte, KPMG y PwC. Las 2 primeras respondieron por carta excusándose, por cuanto no tienen independencia
respecto de Santander, en razón de prestarle diferentes servicios de asesoría, lo que es incompatible con la auditoría
externa. En el caso de PwC los honorarios que eventualmente se deban pagar son los mismos que en el ejercicio 2018.
Por estas consideraciones, el Directorio
del Banco ha acordado proponer a la Junta Ordinaria de Accionistas que se mantenga a PricewaterhouseCoopers Consultores, Auditores
SpA. (PwC) como auditores externos del Banco y sus filiales, para el ejercicio del año 2019, según propuesta del
Comité de Directores y Auditoría. PricewaterhouseCoopers Consultores, Auditores SpA. ha desarrollado en buena forma
la auditoría del año 2018 y no es conveniente hacer cambios dado que esta firma lleva sólo dos ejercicios
auditados.
V. Designación de Clasificadores
Privados de Riesgo.
Se propondrá continuar con Fitch
Chile, cuyos honorarios comprenden tanto servicios de clasificación nacional como internacional, y contratar a ICR Chile
en vez de Feller, atendido que los honorarios propuestos por aquélla son más convenientes que los planteados por
esta última empresa. El 7 de noviembre de 2018, ICR se asoció con Moody’s Investor Services, por lo cual también
cuenta con estándares globales al igual que Fitch.
VI. Informe del Comité de Directores
y Auditoría, determinación de la remuneración de sus miembros y del presupuesto de gastos para su funcionamiento.
Se propondrá a la junta que el presupuesto
de funcionamiento de este Comité sea la misma cantidad acordada en la Junta Ordinaria de Accionistas del año pasado,
equivalente a 7.200 Unidades de Fomento. Esta propuesta considera la parte de la remuneración que la ley exige pagarles
a los miembros del comité por su desempeño en él.
PROPOSALS FOR THE 2019 ORDINARY SHAREHOLDER’S
MEETING BANCO SANTANDER-CHILE
I. Decide the destination of the profits
of the fiscal year 2018.
It will be proposed to the Ordinary Shareholders'
Meeting the distribution of net income for the year 2018, amounting to $ 591,902,491,184 as follows:
a) Distribute a dividend of $1.88457837
per share out of the total of 188,446,126,794 shares issued and registered in the Register of Shareholders, which amounts to a
total of $355,141,494,710.
b) Allocate the remainder of the profit
for the period to reserves, amounting to $236,760,996,474.
The proposed dividend, if approved, is
equivalent to 60% of the profits for the year 2018. The proposed dividend is attractive to shareholders in terms of return on their
investment. For example, if we take the closing price of the share as of March 29, this dividend would represent a return of 3.7%
on that referential closing price.
In addition, the proposed allocation of
the remaining profit (40%) for the year will increase the reserves allowing the Bank to increase its capital base, maintaining
a solid position to finance the expected growth in the business. In this way, we seek the balance between the objective of granting
shareholders an adequate return on their investment and the objective of maintaining a solid capital base to finance the growth
of the Bank's future business.
II. Definitive appointment of Directors
and Alternate Director.
It will be proposed at the Ordinary Shareholders
Meeting to definitively appoint as Directors: i) Mr. Rodrigo Echenique Gordillo in replacement of and Mr. Andreu Plaza López,
and ii) Mr. Rodrigo Vergara Montes as Director in replacement of Mr. Oscar Von Chrismar Carvajal, who was substituting on the Board
after Mr. Raimundo Monge presented his resignation. Mr. Rodrigo Vergara is proposed as an Independent Director.
Furthermore, it will be proposed to definitively
appoint as Alternate Director Mr. Oscar Von Chrismar Carvajal, who assumes as replacement for Mr. Raimundo Monge.
Mr. Rodrigo Echenique has been part of
the Santander Group Board of Directors since 1988. From 1973 to 1976 he held several positions in the Spanish Public Administration
(General Secretary of the Post and Telecommunications Office, Technical Advisor in the Office of the Spanish Prime Minister and
other positions in the Spanish Tax Authority offices in Pontevedra and Madrid). Mr. Echenique served as chief executive officer
of Banco Santander, S.A. from 1988 to 1994. He served on the boards of several industrial and financial companies such as Ebro
Azúcares y Alcoholes, S.A. and Industrias Agrícolas, S.A. and chaired the advisory board of Accenture, S.A. Mr Echenique
was also a non-executive chairman of NH Hotels Group, S.A., Vocento, S.A., Vallehermoso, S.A. and Merlin Properties, SOCIMI, S.A.
He has also been non-executive chairman of Banco Popular Español, S.A. He currently is non-executive director at Inditex.
Mr. Echenique has a graduate degree in Law and State Attorney from Universidad Complutense in Madrid and serves as chairman of
the board of trustees and the executive committee of the Banco Santander Foundation.
Mr. Rodrigo Vergara is a tenured professor
of the Institute of Economy in Pontificia Universidad Católica de Chile and senior economist in the Public Studies Centre.
He was President of the Central Bank of Chile between 2011 and 2016. In 2012 he was chosen Economist of the Year by the national
newspaper El Mercurio and a year later was nominated by the magazine Global Finance as one of the top five best presidents of central
banks and number one in America. In 2013, he received the Business Award from the Economic and Administrative Sciences Faculty
Foundation of the Pontificia Universidad Católica de Chile. In May 2018, Mr. Vergara was hired as an associate researcher
in Harvard’s Mossavar-Rahmani Center for Business and Government. He has a Business Degree from the Pontificia Universidad
Católica de Chile and a Doctorate Degree in Economy from Harvard University.
III. Determination of Board Remuneration.
It will be proposed to maintain the remunerations
currently in force, namely the ones agreed at the Ordinary Shareholders Meeting of April 24, 2018, which are available in the Bank's
Report and on the website.
IV. Appointment of External Auditors
for the year 2019.
For this purpose we received proposals
from the firms Deloitte, KPMG and PwC. The first two responded by letter that they were not able to participate as they were not
independent to Santander: they currently provide advisory services, which is incompatible with external auditing. For PwC, the
proposal of fees are similar to those paid for external auditing in 2018.
Taking this into consideration, the Board
of the Bank has agreed to propose to the Ordinary Shareholders Meeting to keep the appointment of PricewaterhouseCoopers Consultores,
Auditores SpA (PwC) as external auditors of the bank and its subsidiaries for the year 2019, as it was proposed by the Directors'
Committee and Audit. This committee indicated to the Board of Directors that PricewaterhouseCoopers Consultores, Auditores SpA
has performed a good and satisfactory audit of the year 2018, and that it is not convenient to make changes since this firm has
only two audited years. Therefore it suggested to the Board that the audit contract is renewed with PricewaterhouseCoopers Consultores,
Auditores SpA for the financial year 2019.
V. Designation of Private Risk Rating
Agencies.
It will be proposed to continue with Fitch
Chile, given the convenient proposal of fees which includes both national and international classifications presented, and to hire
ICR Chile instead of Feller, given that the proposal of fees was more convenient than the latter company. On November 7, 2018,
ICR became an affiliate of Moody’s Investor Services, obtaining global standards akin to Fitch Ratings.
VI. Report of the Directors and Audit
Committee, determination of the remuneration of its members and the budget of expenses for its operation.
It will be proposed to the Ordinary Shareholders
Meeting that the operating budget of this Committee continue to be the same amount agreed for the last year, equivalent to UF7,200.
This proposal considers the part of the remuneration that the law requires to pay the members of the committee for their performance
in it.
4633 Banco Santander Chile VIF Proof 6 Annual Ordinary Shareholders¡¦ Meeting of BANCO SANTANDER CHILE Date
April 23, 2019 Please make your marks like this: x Use pen only _____________________________________ __________________________
Please Sign Here Date _____________________________________ __________________________ Please Sign Here Date „´
Please separate carefully at the perforation and return just this portion in the envelope provided. „´ Authorized
Signatures - This section must be completed for your instructions to be executed. EVENT # CLIENT # Annual Ordinary Shareholders¡¦
Meeting of BANCO SANTANDER CHILE to be Held on April 23, 2019 for Holders as of March 11, 2019 All votes must be received
by 12:00 p.m. E.T. time on April 17, 2019. Copyright c 2019 Mediant Communications Inc. All Rights Reserved PROXY TABULATOR
FOR BANCO SANTANDER CHILE P.O. BOX 8016 CARY, NC 27512-9903 ¡E Mark, sign and date your Voting Instruction Form. ¡E
Detach your Voting Instruction Form. ¡E Return your Voting Instruction Form in the postage-paid envelope provided. MAIL
Agenda 1. Approval of the Annual Report, Balance Sheet and Consolidated Financial Statements of the Bank and its subsidiaries,
the Independent Report of the External Auditors, and the Notes corresponding to the financial year ending December 31st of
2018. 2. Decide the destination of the profits of the fiscal year 2018. Approve the proposed payment of a dividend of Ch$1.88457837
per share or 60% of 2018 net income attributable to shareholders as a dividend, which will be paid in Chile the day following
the Meeting. The remaining 40% of the net income attributable to shareholders will be used to increase the reserves of the
Bank. 3. Ratify the appointment of the Directors. Ratify the appointment of Mr. Rodrigo Vergara and Mr. Rodrigo Echenique
Gordillo. Mr. Rodrigo Vergara was proposed as an Independent Director. Ratify the appointment of Mr. Oscar Von Chrismar Carvajal
as Alternate Director. Further information on each candidate can be viewed at: https://santandercl.gcs-web.com/executivebios
4. Determination of Board Remuneration. The proposal consists of maintaining the remunerations currently in force, namely
the ones agreed at the Ordinary Shareholders Meeting of April 24, 2018, which are available in the Bank¡¦s Report
and on the website. The proposal consists of a monthly fee of 250 UF to each director of the Bank. In the case of the Chairman
of the Board, this fee is twice the amount mentioned above, while that of the Vice-Chairmen is increased by 50%. Also it is
proposed that if a director participates in one or more committees, excluding the Audit Committee and the Integral Risk Committee
they will receive a fee of 30 UF for each session of the respective committee attended. The president of each committee will
receive twice the amount mentioned for attending the corresponding sessions. For all, fees are limited to one session a month,
which will be paid for attendance and not on a monthly basis. In relation to the directors that make up the Integral Risk
Committee, whose frequency is two monthly sessions, a fee of 15 UF is proposed for each session attended. The president of
this committee will receive twice the amount mentioned above for each session. For all, fees are limited to two sessions per
month, which will be paid for attendance and not on a monthly basis. 5. Appointment of External Auditors for the year 2019.
The Bank proposes PricewaterhouseCoopers Consultores, Auditores y Compania Limitada. Therefore, a vote for this resolution
will be a vote for PricewaterhouseCoopers Consultores, Auditores y Compania Limitada. 6. Approval of local rating agencies.
The Bank received proposals from Feller, Fitch Rating Chile and ICR and the Bank recommends going forward with Fitch and ICR.
Therefore a vote for this resolution will be a vote for Fitch and ICR. 7. Approval of the Audit Committee¡¦s
2019 budget and remuneration for its members. The proposal consists of maintaining the same amount agreed for last year, equivalent
to UF 7,200. This proposal considers the part of the remuneration that the law requires to pay the members of the committee
for their performance in it. 8. Account of all operations with related parties as defined by Title XVI of Law 18,046. These
can be viewed in Note 35 of the Bank¡¦s 2018 Audited Financial Statements. 9. Discuss any matter of interest
that should be discussed in an Ordinary Shareholders¡¦ Meeting as defined by law and by the Bank¡¦s
bylaws. These can be viewed in English and Spanish at the following link: https://www.santander.cl/accionistas/pdf/estados_financieros_anual_consolidado/EEFF_Banco_Santander_Chile_12_2018.pdf
for Spanish, and https://www.sec.gov/Archives/edgar/data/1027552/000161577419004697/s116871_6k.htm for English. t For Against
Abstain I NON-VOTABLE NON-VOTABLE 4633 Banco Santander Chile VIF.indd 1 4/4/2019 12:23:59 PM
4633 Banco Santander Chile VIF Proof 6 PROXY TABULATOR FOR BANCO SANTANDER CHILE P.O. Box 8016 CARY, NC 27512-9903 Annual
Ordinary Shareholders’ Meeting of BANCO SANTANDER CHILE Instructions to The Bank of New York Mellon as Depositary (Must
be received prior to 12:00 p.m. E.T. on April 17, 2019) The undersigned registered holder of American Depositary Receipts
hereby requests and instructs The Bank of New York Mellon, as Depositary, to endeavor, insofar as practicable, to vote or
cause to be voted the amount of shares or other Deposited Securities represented by such Receipt of Banco Santander Chile
(the “Company”) in the name of the undersigned on the books of the Depositary as of the close of business on March
11, 2019 at the Annual Ordinary Shareholders’ Meeting of the Company to be held in 140 Bandera Street, 12th floor, Santiago,
Chile on April 23, 2019, and at any adjournment or postponement thereof, as specified on the reverse side. NOTES: 1. Please
direct the Depositary how it is to vote by placing X in the appropriate box opposite the resolutions. 2. To the extent the
Depositary is provided with Voting Instruction from any Holders of ADRs, Chilean law requires the Depositary to attend the
Meeting for quorum purposes only on behalf of all Holders of ADRs, whether or not they have given Voting Instructions to the
Depositary. (Continued and to be marked, dated and signed, on the reverse side) 4633 Banco Santander Chile VIF.indd 2 4/4/2019
12:23:59 PM
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.
|
BANCO SANTANDER-CHILE
|
|
|
|
|
|
By:
|
/s/ Cristian Florence
|
|
|
Name:
|
Cristian Florence
|
|
|
Title:
|
General Counsel
|
|
Date: April 4, 2019
Banco Santander Chile (NYSE:BSAC)
Historical Stock Chart
From Mar 2024 to Apr 2024
Banco Santander Chile (NYSE:BSAC)
Historical Stock Chart
From Apr 2023 to Apr 2024