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 January 2022
Commission File Number: 001-38353
PagSeguro Digital Ltd.
(Name of Registrant)
Av. Brigadeiro Faria Lima, 1384, 4º andar, parte A
São Paulo, SP, 01451-001, Brazil
+55 (11) 3038-8127
(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 ☒
PagSeguro Announces Senior Management Changes
São Paulo, January 10, 2022
– PagSeguro Digital Ltd., or PagSeguro (NYSE: PAGS), announced that
PagSeguro’s Board of Directors has appointed Chief Operating
Officer Alexandre Magnani as co-Chief Executive Officer (co-CEO) of
the company, reporting to the newly formed Executive Committee of
PagSeguro’s Board of Directors composed of Luiz Frias, Eduardo
Alcaro and Ricardo Dutra. Mr. Dutra will maintain his role as
co-CEO during a certain period, providing support to Mr. Magnani
and leading the company’s quarterly results presentations.
PagSeguro’s Chief Financial and Investor Relations Officer and
Chief Accounting Officer, Artur Schunck, will also report to the
Executive Committee. These senior management changes are effective
as of January 10, 2022.
The Executive Committee will serve as an administrative committee
of PagSeguro’s Board of Directors to act upon and facilitate the
consideration by senior management and the Board of Directors of
certain high-level business and strategic matters.
About PagBank PagSeguro
PagBank PagSeguro is a disruptive provider of financial technology
solutions focused primarily on consumers, individual entrepreneurs,
micro-merchants, small companies, and medium-sized companies in
Brazil. Among its peers, PagBank PagSeguro is the only financial
technology provider in Brazil whose business model covers all the
following five pillars:
•Multiple
digital banking solutions
•In-person
payments via point of sale (POS) devices that PagSeguro Digital
provides to merchants
•Free
digital accounts that PagSeguro Digital provides to its consumers
and merchants with functionalities such as bill payments, top up
prepaid mobile phone credit, wire transfers, peer to peer cash
transfers, prepaid credit cards, cash cards, loans, investments, QR
code payments, and payroll portability, among other digital banking
services
•Issuer
of prepaid, cash and credit cards
•Operate
as a full acquirer
PagBank PagSeguro is an UOL Group Company that provides an easy,
safe and hassle-free way of owning a free PagBank digital account,
which is similar to a regular checking account linked to the
Brazilian Central Bank’s platform, with the feature of accepting
payments, where its clients can transact and manage their cash,
without the need to open a regular bank account. PagBank
PagSeguro’s end-to-end digital banking ecosystem enables its
customers to accept a wide range of online and in-person payment
methods, including credit cards, debit cards, meal voucher cards,
boletos, bank transfers, bank debits and cash
deposits.
PagBank PagSeguro’s mission is to disrupt and democratize financial
services in Brazil, a concentrated, underpenetrated and high
interest rate market, by providing an end-to-end digital banking
ecosystem that is safe, affordable, simple and mobile-first for
both merchants and consumers.
SOURCE: PagBank PagSeguro
Contacts:
Investor Relations
PagBank PagSeguro
+55 (11) 3914-9524
ir@pagseguro.com
investors.pagseguro.com
Forward-Looking Statements:
This press release includes “forward-looking statements” within the
meaning of the U.S. federal securities laws. Statements contained
herein that are not clearly historical in nature are
forward-looking, and the words “anticipate,” “believe,”
“continues,” “expect,” “estimate,” “intend,” “project” and similar
expressions and future or conditional verbs such as “will,”
“would,” “should,” “could,” “might,” “can,” “may,” or similar
expressions are generally intended to identify forward-looking
statements. We cannot guarantee that such statements will prove
correct. These forward-looking statements speak only as of the date
hereof and are based on our current plans, potential mergers and
acquisitions opportunities, estimates of future events,
expectations and trends (including trends related to the global and
Brazilian economies and capital markets, as well as the continuing
economic, financial, political and public health effects of the
coronavirus, or the COVID-19, pandemic.) that affect or may affect
our business, financial condition, results of operations, cash
flow, liquidity, prospects and the trading price of our Class A
common shares, and are subject to several known and unknown
uncertainties and risks, many of which are beyond our control. As a
consequence, current plans, potential mergers and acquisitions
opportunities, anticipated actions and future financial position
and results of operations may differ significantly from those
expressed in any forward-looking statements in this press release.
You are cautioned not to unduly rely on such forward-looking
statements when evaluating the information presented. In light of
the risks and uncertainties described above, the future events and
circumstances discussed in this press release might not occur and
are not guarantees of future performance. Because of these
uncertainties, you should not make any investment decision based
upon these estimates and forward-looking statements. To obtain
further information on factors that may lead to results different
from those forecast by us, please consult the reports we file with
the U.S. Securities and Exchange Commission (SEC) and in particular
the factors discussed under “Forward-Looking Statements” and “Risk
Factors” in our annual report on Form 20-F filed with the SEC on
April 27, 2021.
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: January 10, 2022
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PagSeguro Digital Ltd. |
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By: |
/s/ Artur Schunck |
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Name: |
Artur Schunck |
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Title: |
Chief Financial and Investor Relations Officer, Chief Accounting
Officer and Director |
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