AXIA Energia S.A NT 20-F, filed Apr 30, 2021
AXIA Energia S.A. (AXIAY)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
SEC FILE NUMBER
001-34129
CUSIP NUMBER
15234Q207
15234Q108
(Check One) ¨ Form 10-K x Form 20-F ¨ Form 11-K ¨ Form 10-Q ¨ Form 10-D ¨ Form N-SAR ¨Form N-CSR
For Period Ended: December 31, 2020
¨ Transition Report on Form 10-K
¨ Transition Report on Form 20-F
¨ Transition Report on Form 11-K
¨ Transition Report on Form 10-Q
¨ Transition Report on Form N-SAR
For the Transition Period Ended:
Nothing in this form shall be construed to imply that the Commission has verified any information contained herein.
If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates:
PART I—REGISTRANT INFORMATION
Centrais Elétricas Brasileiras S.A. – ELETROBRAS (Brazilian Electric Power Company)
Full Name of Registrant
N/A
Former Name if Applicable
Rua da Quitanda 196, 9th floor, Centro
Address of Principal Executive Office (Street and Number)
Rio de Janeiro, RJ, Brazil. CEP: 20091-005
City, State and Zip Code
PART II—RULES 12b-25(b) AND (c)
If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check box if appropriate)
| ¨ | a) | The reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense; |
| x | b) | The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-SAR or Form N-CSR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q or subject distribution report on Form 10-D, or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date; and |
| ¨ | c) | The accountant’s statement or other exhibit required by Rule 12b-25(c) has been attached if applicable. |
PART III—NARRATIVE
State below in reasonable detail why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-SAR, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period.
Centrais Elétricas Brasileiras S.A. – ELETROBRAS (the “Company”) has been working diligently to complete all the required information for its annual report on Form 20-F for the year ended December 31, 2020 (the “2020 Form 20-F”), however, the Company concluded that it needs to revise its financial statements for 2019 and 2018 to accurately reflect the actuarial calculations relating to its retirement plan. The effect of the adjustment is to reduce comprehensive income in 2019 and 2018. The Company needs additional time to prepare its financial statements to reflect these adjustments. The Company does not believe that the adjustments are material to the financial statements for 2019 and 2018.
The Company anticipates filing its 2020 Form 20-F on or before May 15, 2021.
PART IV—OTHER INFORMATION
| (1) | Name and telephone number of person to contact in regard to this notification |
Elvira Baracuhy Cavalcanti Presta (Name)
| +55 21 | 2514-6435 | |
| (Area Code) | (Telephone Number) |
| (2) | Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed? If answer is no, identify report(s). x Yes ¨ No |
| (3) | Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof. ¨ Yes x No |
If so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.
For the reasons described above, the Company is currently unable to make a quantitative estimate of the effects, if any, resulting from the ultimate resolution of these matters.
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Centrais Elétricas Brasileiras S.A. – ELETROBRAS
(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.
| Date | April 30, 2021 | By | /s/ Elvira Baracuhy Cavalcanti Presta | ||
| Name: | Elvira Baracuhy Cavalcanti Presta | ||||
| Title: | Interim Chief Executive Officer, Chief Financial and Investor Relations Officer | ||||
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