Company: PBR
Filing Date: 2025-04-03
Form Type: 20-F
Source: 0001292814-25-001352
Chunk: 181

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-04-03
Form: 20-F
Item: Item 17
Chunk 181
---
, shareholders representing at least one-fourth of our issued and outstanding common shares must attend our shareholders’ meeting, except when the matter to be decided aims to amend our Bylaws. In this case, a valid meeting requires the attendance of shareholders representing at least two-thirds of our issued and outstanding common shares. If the required quorum is not reached, our Board of Directors may call a second meeting by sending a notice at least eight calendar days prior to the new scheduled meeting. The attendance quorum requirements will not apply to such second meeting, but the voting quorum requirements described below shall be observed.
 Voting quorum. Matters to be approved at our shareholders’ meeting must be approved by the quorums specified below.
  
Annual Report and Form 20-F 2024 |

Matter approved by majority vote (of holders of common shares attending the meeting):
 
–      amend   
    our Bylaws;
---------------

–         approve      
    any capital change;
-----------------------

–                                                elect                                              
    or dismiss members of our Board of Directors and Fiscal Council (and its respective alternates),
        subject to the right of our preferred shareholders to elect or dismiss one member of our    
    Board of Directors and to elect one member of our Fiscal Council (and its respective alternates)
      and to the right of our employees to elect or dismiss one member of our Board of Directors;   
----------------------------------------------------------------------------------------------------

–                                             receive                                           
    the yearly financial statements prepared by our management and accept or reject management’s
     financial statements, including the allocation of net income for payment of the mandatory  
                      dividend and allocation to the various reserve accounts;                  
------------------------------------------------------------------------------------------------

–                                               authorize                                            
       the issuance of debentures, except for the issuance of non-convertible unsecured debentures   
    or the sale of such debentures when in treasury, which may be approved by our Board of Directors;
-----------------------------------------------------------------------------------------------------

–                                              accept                                           
    or reject the valuation of assets contributed by a shareholder in consideration for increase
                                         of capital stock;                                      
------------------------------------------------------------------------------------------------

–                                            approve                                          
    the disposal of convertible debentures issued by our wholly-owned subsidiaries and held by
                                               us;                                            
----------------------------------------------------------------------------------------------

–                                              establish                                            
       the compensation of the former members of our Executive Officers, our Board of Directors,    
    our Fiscal Council, including the compensation due during the period of six months of forfeiture
           provided for in our Bylaws, and of advisory committees to our Board of Directors;        
----------------------------------------------------------------------------------------------------

–                                approve                              
    the cancellation of