Banco Santander (Brasil) S.A. filed a Form 6-K on October 30, 2026, reporting that its Board of Directors unanimously elected Daniel Bassan as a new Executive Vice-President Officer at a meeting held that same day.

Key Highlights

  • New Officer Elected: Daniel Bassan was elected as Executive Vice-President Officer by a unanimous vote of the Board of Directors.
  • Term of Office: The appointment is for a complementary term, entering in force until the investiture of those elected at the first Board of Directors' Meeting following the 2027 Annual Shareholders' Meeting.
  • Planned Start Date: Bassan is expected to assume office on January 26, 2027, subject to approval by the Central Bank of Brazil by that date.
  • Central Bank Condition: If Central Bank of Brazil approval is granted after January 26, 2027, Bassan shall assume office on the date of the respective approval.
  • Committee Recommendation: The election was recommended by the Company's Nomination and Governance Committee, according to the filing.
  • Regulatory Compliance: The filing states that Bassan declared he is not forbidden by law to perform the activities of the office and fulfills all conditions set forth in Resolution CMN 4.970/2021.

Board Action and Conditions Surrounding the Bassan Appointment

According to the Form 6-K filed with the U.S. Securities and Exchange Commission, Banco Santander (Brasil) S.A. (NYSE:BSBR) convened a Board of Directors' meeting on October 30, 2026, at 5 p.m. via videoconference, with all board members in attendance. The sole agenda item was the election of a new Executive Vice-President Officer. The board, chaired by Deborah Stern Vieitas, unanimously approved the election of Daniel Bassan, described in the filing as Brazilian, married, and a civil engineer.

The filing records that the election was recommended by the Company's Nomination and Governance Committee. Bassan's term is described as complementary, running until the investiture of officers elected at the first Board of Directors' Meeting to follow the 2027 Annual Shareholders' Meeting. The filing further notes that Bassan presented the representations and authorizations required by Resolution CMN 4.970/2021 and declared that he meets all conditions necessary to hold the office.

A key condition attached to the appointment, as stated in the filing, is regulatory approval from the Central Bank of Brazil. If that approval is received on or before January 26, 2027, Bassan will assume office on that date. If approval comes later, he assumes office on the date the approval is granted. The filing was signed on behalf of the registrant by Reginaldo Antonio Ribeiro and Carlos Ignacio Muniz Gonzalez Blanch.

What Was Disclosed

Banco Santander (Brasil) S.A. disclosed the unanimous election of Daniel Bassan as Executive Vice-President Officer, with an anticipated start date of January 26, 2027, contingent on Central Bank of Brazil approval, in a Form 6-K covering October 2026.