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
of the
Securities Exchange Act of 1934
For the month of
May 2017
Vale S.A.
Avenida das Américas, No. 700 – Bloco 8, Sala 218
22640-100 Rio de Janeiro, RJ, Brazil
(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.)
| (Check One) Form 20-F x Form 40-F o |
(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))
| (Check One) Yes o No x |
(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))
| (Check One) Yes o No x |
(Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.)
| (Check One) Yes o No x |
(If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b). 82- .)
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Vale comments on the selection process of the Executive Board
Rio de Janeiro, May 19th 2017 — Vale’s Board of Directors reiterates that the selection process of members of its Executive Board, in particular of its new CEO, Fabio Schvarstman, was safe from any external interference and was conducted in accordance with the best market practices, following the company’s rites and governance. This process resulted in the hiring of a market professional with a reputation entirely formed in private companies.
In the selection process, the Board of Directors set up a committee, formed by representatives of its main controlling shareholders, who was responsible for conducting the process of identifying and selecting the new executive. In the entire process, the committee and the Board itself were supported by the executive recruiting firm Spencer Stuart, a company specializing in recruiting executives with a broad experience and global recognition, providing services for Vale for more than 12 years.
We also inform that, at the last meeting held by the company’s Board of Directors on May 11, the mandates of nearly all of the executive officers were renewed, except for that of Humberto Freitas, who for personal reasons decided to leave the company at the end of his mandate, expected for May 25. No other director was hired.
Vale’s Board of Directors reiterates its commitment with the ethics, transparency and management efficiency in order to meet the interests of shareholders, collaborators, suppliers, clients and communities where the company operates.
For further information, please contact:
+55-21-3485-3900
Andre Figueiredo: andre.figueiredo@vale.com
Carla Albano Miller: carla.albano@vale.com
Fernando Mascarenhas: fernando.mascarenhas@vale.com
Andrea Gutman: andrea.gutman@vale.com
Bruno Siqueira: bruno.siqueira@vale.com
Claudia Rodrigues: claudia.rodrigues@vale.com
Denise Caruncho: denise.caruncho@vale.com
Mariano Szachtman: mariano.szachtman@vale.com
Renata Capanema: renata.capanema@vale.com
This press release may include statements that present Vale’s expectations about future events or results. All statements, when based upon expectations about the future and not on historical facts, involve various risks and uncertainties. Vale cannot guarantee that such statements will prove correct. These risks and uncertainties include factors related to the following: (a) the countries where we operate, especially Brazil and Canada; (b) the global economy; (c) the capital markets; (d) the mining and metals prices and their dependence on global industrial production, which is cyclical by nature; and (e) global competition in the markets in which Vale operates. To obtain further information on factors that may lead to results different from those forecast by Vale, please consult the reports Vale files with the U.S. Securities and Exchange Commission (SEC), the Brazilian Comissão de Valores Mobiliários (CVM), the French Autorité des Marchés Financiers (AMF), and The Stock Exchange of Hong Kong Limited, and in particular the factors discussed under “Forward-Looking Statements” and “Risk Factors” in Vale’s annual report on Form 20-F.
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.
| Vale S.A. | |
| (Registrant) | |
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| By: | /s/ André Figueiredo |
Date: May 19, 2017 |
| Director of Investor Relations |