BRASKEM SA (BAK) Braskem S.A., along with its affiliated companies, specializes in the production and global distribution of thermoplastic resins. The enterprise structures its operations into three primary geographical divisions: Brazil; the United States and Europe; and Mexico. Within the Brazil segment, the company manufactures and offers a broad spectrum of chemicals, including ethylene, various grades of polymer and chemical propylene, butadiene, butene-1, benzene, toluene, and xylenes. This division also supplies fuels such as automotive gasoline, liquefied petroleum gas (LPG), ethyl tertiary-butyl ether (ETBE), and methyl tertiary-butyl ether (MTBE), alongside intermediates like cumene. Its portfolio further extends to aliphatics, aromatics, hydrogenated solvents, and a range of specialty chemicals, including isoprene, dicyclopentadiene, piperylene, nonene, tetramer, polyisobutylene, and hydrocarbon resins. Additionally, it undertakes the manufacturing and sale of both polyethylene (PE) and polypropylene (PP), provides electricity and other essential inputs to second-generation producers, and is notable for its production of green PE derived from renewable sources. Polyvinyl chloride (PVC) and caustic soda are also among the products generated and marketed by this segment. The United States and Europe segment focuses specifically on the manufacture and sale of polypropylene (PP) across these regions, particularly within the U.S. and Germany. In Mexico, the company is responsible for the production and distribution of ethylene, high-density PE, and low-density PE. Beyond these segmented activities, Braskem engages broadly in the manufacturing, selling, importing, and exporting of chemicals, petrochemicals, and various fuels. It also plays a role in generating and supplying crucial utilities like steam, water, compressed air, and industrial gases, in addition to providing a suite of industrial services. Established in 1972, the company initially traded as Copene Petroquímica do Nordeste S.A. before rebranding as Braskem S.A. in 2002. Its principal corporate office is situated in Camaçari, Brazil.
Sector: Industrial Organic Chemicals
Industry: Chemicals
Braskem S.A. NYSE:BAK Basic Materials · Chemicals
AH Close $1.14 vs close AH Close $1.14 +3.64% vs close
All Press Release SEC Filings News
SEC Filing ● Major ⚠ 6
BAK: 6-K · bankruptcy
Braskem disclosed that negotiations over its out-of-court reorganization (Extrajudicial Reorganization) have not produced an agreement: both the company's October 23 proposal and the creditors' October 24 counterproposal were rejected, with talks continuing under a milestone deadline extended to October 30, 2026.
The cleansing materials reveal the competing terms: Braskem proposes a US$2.25 billion equity rights offering (US$1.2 billion backstopped), a US$2.8 billion upfront debt-to-equity conversion, and secured takeback debt of up to ~US$6.8 billion covering ~US$10.9 billion of subject claims; investors counter with a larger US$1.85 billion backstop, a smaller US$1.85 billion equity conversion, ~US$7.3 billion of secured takeback debt at ~76 cents, and US$450 million of convertible debt at R$2.00/share.
Status-quo cash flow projections show the company burning cash heavily, with unrestricted cash balances turning negative (approximately -US$3.2 billion in 2027 and -US$7.8 billion by 2031) absent a restructuring. Signatory creditors now represent 40.3% of the financial debt subject to the plan, and failure to reach agreement by the October 30 milestone raises the risk of a harder restructuring path.
SEC 6-K • 18h ago AI analysis › SEC Filing
BAK: 6-K · other
Braskem S.A. furnished its updated Code of Conduct (October 2026) via Form 6-K, signed by CFO Carlos Brandão. The document outlines the company's ethics, anti-corruption, human rights, and compliance standards for employees and third parties.
The Code reaffirms zero tolerance for corruption, prohibits facilitation payments and political contributions, and references compliance with Brazilian anti-corruption law, the US FCPA, and the UK Bribery Act.
The filing contains no financial figures, transactions, or operational developments and has no direct bearing on Braskem's near-term financial performance.
SEC 6-K • 5d ago AI analysis › SEC Filing ⚠ 1
BAK: 6-K · ownership disclosure
Braskem disclosed that NSP Investimentos S.A., currently in judicial reorganization, has sold down its stake to 7,152,113 Class A preferred shares, or about 2.07% of that share class, as of October 19, 2026, falling below the 5% disclosure threshold under CVM Resolution 44/21.
NSP stated the holding is for investment purposes only and it does not intend to change Braskem's control or administrative structure, and holds no other Braskem securities or derivatives.
The filing is a routine regulatory notification; however, successive sales by a distressed (judicial-reorganization) holder can create modest overhang pressure on Braskem's Class A preferred shares.
SEC 6-K • 5d ago AI analysis › SEC Filing ● Major ⚠ 4
BAK: 6-K · bankruptcy
Creditors FFI Fund Ltd., FYI Ltd. and Olifant Fund Ltd. filed an involuntary Chapter 11 petition on October 21, 2026 against Braskem America Finance Company, an indirect financing subsidiary of Braskem S.A., in the US Bankruptcy Court for the Southern District of New York.
The petitioning creditors hold about US$272 million of Braskem America Finance's 7.125% Notes due 2041, roughly 47% of the ~US$589 million outstanding. The subsidiary's debt consists exclusively of these notes.
Braskem stresses that the parent and its other subsidiaries — including entities in the Brazilian extrajudicial reorganization and US Chapter 15 cases — are not debtors in the petition. Still, the involuntary filing marks a material escalation in the company's debt restructuring and raises pressure on the broader reorganization process.
SEC 6-K • 5d ago AI analysis › SEC Filing
BAK: 6-K · other
Braskem S.A. filed a Form 6-K on October 13, 2026 furnishing its monthly report of management and related-person securities trading for September 2026 under Article 11 of CVM Resolution 44/2021.
The consolidated forms indicate no securities or derivative transactions were executed in the month, with closing balances unchanged at 438,761,574 Class A preferred shares and 123,055,912 common shares.
The filing is a routine Brazilian regulatory disclosure with no financial, operational, or strategic implications; Petrobras is referenced as a related party within the trading forms.
SEC 6-K • 17d ago AI analysis › SEC Filing ● Major ⚠ 4
BAK: 6-K · litigation
Braskem filed a Form 6-K responding to a B3 request for clarification about media reports that the São Paulo Public Prosecutor's Office (MPSP) recommended suspending the financial restructuring of its Mexican subsidiary Braskem Idesa and appointing a judicial administrator for Braskem. The Idesa restructuring involves US$415 million in financing plus a US$71 million capital contribution, and creditors challenge the Chapter 11 structure over roughly US$800 million in potential funds. On September 22, 2026, the MPSP submitted its opinion in the extrajudicial reorganization proceeding; the Company notes this is an opinion, not a decision. The Company acknowledged a court decision addressing the Prosecutor's submission, but says it remains pending official publication and it is evaluating consequences and next steps.
SEC 6-K • 1mo ago AI analysis › SEC Filing ● Major ⚠ 3
BAK: 6-K · bankruptcy
Braskem S.A. disclosed that the 2nd Bankruptcy and Judicial Reorganization Court of São Paulo issued a decision in the extrajudicial reorganization proceeding of the company and certain subsidiaries.
The company has not yet been formally served notice, and the decision remains pending official publication. This follows earlier Material Facts disclosed on August 18, 24 and 28, 2026.
Braskem says it is assessing the consequences and next steps and will keep the market informed of material developments; the ruling is a key milestone in the restructuring tied to the Alagoas geological event and related liabilities.
SEC 6-K • 1mo ago AI analysis › SEC Filing ⚠ 1
BAK: 6-K · ownership disclosure
Braskem S.A. filed a Form 6-K containing its monthly consolidated disclosure of management and related persons' trading in company securities for August 2026, as required under Article 11 of Brazilian CVM Resolution 44/2021.
The filing shows consolidated balances of approximately 438.8 million common shares and 123.1 million Class A preferred shares, and the forms state that no transactions involving securities or derivatives were executed during the month by the covered groups.
The report is signed by CFO Carlos Augusto Machado Pereira de Almeida Brandão and carries Braskem's standing forward-looking-statement disclaimer, which continues to reference the geological event in Alagoas and related legal proceedings as risk factors.
This is a routine compliance filing with no new financial, strategic, or operational information and no market-moving content.
SEC 6-K • 1mo ago AI analysis › SEC Filing ⚠ 4
BAK: 6-K · material agreement
Braskem S.A. disclosed a related-party transaction in which its wholly owned subsidiary Voqen Energia amended its natural gas supply agreement with Petróleo Brasileiro S.A. (Petrobras), Braskem's co-controlling shareholder, with the amendment dated August 28, 2026. The gas is designated for preferential supply of Braskem's facilities in Brazil or for adjustments to its portfolio.
The amendment extends the contract term from December 31, 2026 to December 31, 2029 and increases the contractual daily quantity from 300,000 cubic meters per day to 1,000,000 cubic meters per day on a firm and non-flexible basis, with delivery at the entrance of the TBG, TAG, and NTS transportation networks.
The estimated contract value after the amendment is BRL 1.85 billion. The transaction was reviewed by Voqen's bodies and Braskem's statutory audit and finance and investment committees, approved by Braskem's Board of Directors with Petrobras-affiliated board members participating, and management states it was conducted on arm's length terms under Braskem's Related Party Transactions Policy.
For investors, the deal secures long-term feedstock supply for Braskem's Brazilian petrochemical operations through 2029, though it is a routine compliance disclosure under CVM Resolution 80/2022 rather than an earnings event.
SEC 6-K • 1mo ago AI analysis › SEC Filing ● Critical ⚠ 4
BAK: 6-K · bankruptcy
Braskem S.A. disclosed that the 2nd Bankruptcy and Judicial Reorganization Court of São Paulo has granted processing of the extrajudicial reorganization proceeding of the company and certain of its subsidiaries.
The court decision ratified a 120-day suspension of all ongoing enforcement proceedings against the reorganizing companies, covering lawsuits, bankruptcy petitions, and orders of attachment, seizure, and judicial constriction over assets.
Braskem now has 90 days to demonstrate that the creditor quorum required for confirmation of its extrajudicial reorganization plan has been reached, and the company says it will keep the market informed of material developments under the process.
SEC 6-K • 1mo ago AI analysis › SEC Filing ⚠ 5
BAK: 6-K · material agreement
Braskem entered into a related-party transaction with Petrobras, its co-controlling shareholder, raising the commercial credit limit for feedstock purchases from R$ 350 million to R$ 2.35 billion, effective through December 31, 2026. The transaction date was August 24, 2026.
The expanded facility is heavily collateralized: Braskem assigns fiduciary rights over approximately R$ 1 billion per month of client receivables, must maintain an escrow account with a minimum balance of R$ 150 million and a R$ 300 million minimum retention, and pledges CIDE tax credits as additional security. Petrobras may suspend the limit at its sole discretion if required receivable flows are not met.
The deal was reviewed by the Statutory Compliance and Audit Committee and the Finance and Investment Committee and approved by the Board of Directors, with Petrobras-affiliated board members participating. Braskem assessed the terms under its Related Party Transactions Policy and deemed them consistent with arm's-length market conditions.
The arrangement materially expands working-capital flexibility with Braskem's largest supplier and controlling shareholder, though the acceleration triggers tied to reorganization or insolvency events and the discretionary suspension rights warrant ongoing monitoring.
SEC 6-K • 2mo ago AI analysis › SEC Filing ● Critical ⚠ 6
BAK: 6-K · bankruptcy
Braskem S.A. and five of its financing and trading subsidiaries jointly filed an Extrajudicial Restructuring Plan dated August 24, 2026 under Brazilian bankruptcy law, executed with signatory creditors holding more than one-third of the company's unsecured financial claims. The plan suspends enforceability and maturities of those claims for 90 days while the parties negotiate an Updated Plan for judicial confirmation.
The filing states the Braskem Group is experiencing a significant liquidity crisis driven primarily by the prolonged global petrochemical downcycle, compounded by obligations from the Alagoas geological event, higher operating costs, and geopolitical volatility. The company says operations continue in the ordinary course and that activities have been carried out in a sound and profitable manner.
Negotiation parameters include maturity extensions, payment-in-kind interest relief, potential liquidity support from main shareholders Petrobras and Shine I, a backstop equity commitment if minimum financial metrics are not met, and the potential equitization of part of the subject claims. Failure to reach the statutory creditor quorum within 90 days of filing is a termination event.
Separately, Mexican subsidiary Braskem Idesa filed a Chapter 11 plan in the Southern District of Texas on August 18, 2026 alongside a restructuring support agreement, and the Braskem debtors obtained Chapter 15 recognition relief from the U.S. Bankruptcy Court for the Southern District of New York on June 26, 2026.
SEC 6-K • 2mo ago AI analysis › SEC Filing ● Critical ⚠ 5
BAK: 6-K · bankruptcy
Braskem S.A. and five affiliated financing and trading entities filed a petition for extrajudicial recovery (recuperação extrajudicial) with the 2nd Bankruptcy and Judicial Reorganization Court of São Paulo, seeking to restructure R$56.5 billion of financial credits out of a total case value of R$187.1 billion that includes R$130.6 billion of intercompany obligations.
The accompanying recovery plan is already signed by creditors holding 39.6% of the subject credits, above the one-third threshold required under Brazilian insolvency law. Braskem committed to securing consent from a majority of subject credits within an irrevocable 90-day window before asking the court to homologate the plan.
The restructuring covers only chirographary financial debt; obligations to customers, suppliers, distributors and other commercial partners are unaffected. Roughly 70% of the subject credits are intercompany, and the filing warns that contractual offsetting clauses could otherwise let lender banks appropriate more than R$400 million of group deposits.
A precautionary injunction granted on June 26, 2026, together with the statutory stay period, suspends all actions, executions and asset constraints tied to the subject credits, which the company describes as essential to preserving cash and maintaining a stable negotiating environment.
SEC 6-K • 2mo ago AI analysis › SEC Filing ● Critical ⚠ 4
BAK: 6-K · bankruptcy
Braskem S.A.'s board of directors unanimously approved the filing of an Out-of-Court Restructuring Proceeding (Recuperação Extrajudicial) in Brazil, together with a restructuring plan, covering the company and five subsidiaries designated as Debtors, including Braskem Netherlands B.V., Braskem Netherlands Finance B.V. and Braskem America Finance Company.
The board also authorized seeking recognition of the Brazilian protective proceeding abroad, including commencement of a Chapter 15 proceeding in the United States with respect to the Debtors, and approved filing any additional protective measures deemed necessary in other jurisdictions.
The move is a formal debt-protection measure signaling significant financial distress at the Brazilian petrochemical producer, and management was granted broad authority to implement, formalize and consummate the restructuring across jurisdictions.
SEC 6-K • 2mo ago AI analysis › SEC Filing ● Critical ⚠ 4
BAK: 6-K · bankruptcy
Braskem S.A. disclosed in a Form 6-K that it entered into confidentiality agreements in August 2026 with certain holders and investment managers of its Senior Notes and Debentures, sharing non-public company information as part of negotiations over its extrajudicial reorganization plan.
The disclosure follows a Material Fact issued the same day announcing that Braskem and certain of its subsidiaries filed a request for out-of-court reorganization, a Brazilian court-recognized debt restructuring proceeding, placing the company's senior debt in active creditor negotiation.
Under the confidentiality agreements, Braskem committed to publicly disclose the shared information once the agreed confidentiality term expires, and the company says it will keep the market informed of material developments in the restructuring.
SEC 6-K • 2mo ago AI analysis › SEC Filing ● Critical ⚠ 6
BAK: 6-K · bankruptcy
Braskem S.A. and certain subsidiaries filed a petition for extrajudicial reorganization with the 2nd Bankruptcy and Judicial Reorganization Court of São Paulo on August 24, 2026, covering approximately US$10.9 billion of unsecured financial obligations known as Subject Claims. The filing takes effect immediately and suspends the enforceability of the Debtors' obligations on those claims.
Unsecured creditors representing 39.6% of the Subject Claims have signed on to the Plan, the percentage sufficient to file the petition. Braskem now has 90 days to obtain the approvals required to bind 100% of the Subject Claims to an Updated Plan.
The Plan contemplates extended maturities and interest capitalization during a relief period, potential liquidity support and an equity backstop from main shareholders, and possible equitization of a portion of the debt — a material dilution risk for existing shareholders. Signatory Creditors also hold rights to early terminate the Plan if milestones are missed.
Main shareholders Petrobras and Shine I Fundo de Investimento em Participações support the Plan, and Braskem stressed that the restructuring is strictly financial: obligations to suppliers, customers and other stakeholders remain unaffected and continue to be fulfilled as usual.
SEC 6-K • 2mo ago AI analysis › SEC Filing ● Critical ⚠ 4
BAK: 6-K · bankruptcy
Braskem's Board of Directors approved on August 24, 2026 the filing of a petition for extrajudicial reorganization of the company and certain subsidiaries under Brazilian Law 11,101/05, aimed at restructuring approximately US$10.9 billion of unsecured financial obligations.
The company stresses the process has a limited, strictly financial scope: obligations to suppliers, customers, and other stakeholders are not covered and will continue to be fulfilled as usual under existing contracts.
The filing follows prior restructuring-related Material Facts in September 2025 and June 2026, and Braskem's disclosures reference the geological event in Alagoas and related legal proceedings as key uncertainties. The company says it will keep the market informed via its investor relations site, the CVM, and B3.
SEC 6-K • 2mo ago AI analysis › SEC Filing ● Major ⚠ 5
BAK: 6-K · bankruptcy
Braskem S.A. filed a 6-K responding to a B3 inquiry about an O Globo report claiming the company is preparing to file for an out-of-court reorganization next week to restructure US$10.3 billion in debt. The company did not confirm the filing timeline but reiterated previously disclosed restructuring efforts, including advisors retained in September 2025 and non-binding indicative creditor proposals received since June 2026.
The filing confirms a Brazilian court granted a 60-day stay of creditor enforcement actions in late June 2026, and that the company filed a Chapter 15 petition in the U.S. on June 26 seeking recognition, with a preliminary automatic stay granted June 30 pending a final decision. Creditor proposals under review reportedly include a possible capitalization and the granting of security interests over assets as collateral.
Critically, Braskem stated it is evaluating potential measures for protection against creditors as the stay period nears expiration, while noting no decision has been reached on restructuring terms — language that effectively validates reports of an imminent reorganization filing and signals severe balance-sheet distress.
SEC 6-K • 2mo ago AI analysis › SEC Filing ⚠ 2
BAK: 6-K · auditor change
Braskem S.A. announced that its Board of Directors approved hiring Deloitte Touche Tohmatsu Auditores Independentes Ltda. as the company's independent auditor for fiscal years 2026 through 2028, replacing KPMG Auditores Independentes. The engagement covers audit of Braskem's consolidated financial statements and quarterly information for compliance with both Brazilian and U.S. requirements.
KPMG expressed its agreement with the rationale for the change and no disagreement was disclosed. Braskem frames the switch as part of implementing its new arrangement of control and governance following a change in its shareholding structure.
Deloitte will begin its work with Braskem's quarterly financial information for the third quarter of 2026. The cooperative handoff points to an orderly transition rather than an audit-quality dispute, though auditor switches during control changes are worth monitoring.
SEC 6-K • 2mo ago AI analysis › SEC Filing ● Major ⚠ 4
BAK: 6-K · bankruptcy
Braskem Idesa, the Mexican subsidiary of Braskem S.A., has commenced voluntary prepackaged Chapter 11 proceedings in the U.S. Bankruptcy Court for the Southern District of Texas after reaching a comprehensive consensual restructuring agreement with its shareholders, a substantial majority of its noteholders, and its term loan lender, with completion expected in approximately 60 to 90 days.
The restructuring significantly deleverages Braskem Idesa, cutting its senior debt from approximately US$2.5 billion to approximately US$1.6 billion while also enabling the raising of new funds — an implied debt reduction of roughly US$900 million.
As controlling shareholder, Braskem will contribute a total of US$476 million (of which about US$126 million was already made available prior to the filing), reinforcing its commitment to Braskem Idesa as a strategic asset. Braskem expects to retain a majority stake after completion, and Braskem Idesa's operations will continue normally during the process.
SEC 6-K • 2mo ago AI analysis › SEC Filing ● Critical ⚠ 4
BAK: 6-K · bankruptcy
Fitch Ratings has revised Braskem's global corporate credit rating to RD (restricted default) after the company did not pay certain financial obligations when the contractually agreed cure period expired, a milestone previously disclosed in its Q2 2026 quarterly information.
In parallel, the 2nd Bankruptcy and Judicial Reorganization Court of São Paulo granted Precautionary Injunctive Relief requested by Braskem and certain subsidiaries, staying all enforcement actions and attachments by creditors invited into the company-initiated mediation proceeding for 60 days.
Braskem reiterated that it remains fully committed to negotiating a consensual, structural and orderly solution for its capital structure with financial creditors, while stating that operations continue in the ordinary course of business.
SEC 6-K • 2mo ago AI analysis › SEC Filing ● Major ⚠ 5
BAK: 6-K · earnings release
Braskem reported 2Q26 consolidated recurring EBITDA of US$1,043 million, up from US$192 million in 1Q26 and US$74 million in 2Q25, with the EBITDA margin expanding to 24.2% from 6.5% in the prior quarter.
The surge was driven by Middle East disruptions that rerouted naphtha and petrochemical trade flows and pushed international spreads far above averages: the US PE spread used for Brazil reached US$773/ton (+39% vs the 2016-2025 average) and the US PE-ethane spread for Mexico hit US$1,425/ton (+55%). Segment EBITDA was US$869 million in Brazil/South America, US$147 million in USA & Europe, and US$57 million in Mexico, which swung from a US$15 million loss in 1Q26.
Management cautioned that the 2Q26 scenario is a tactical value capture opportunity rather than a structural change: consulting-firm base cases see the Brazil PE-naphtha spread falling to US$316/ton in 3Q26 versus US$773 in 2Q26, amid global overcapacity with PE and PP operating rates projected at only 72-77%.
Overhangs persist: the Alagoas geological-event provision totals R$18.2 billion with R$14.6 billion disbursed and about R$3.2 billion remaining, while Braskem Idesa continues liquidity preservation measures that helped cut Mexican PE plant utilization 12 percentage points to 43%.
SEC 6-K • 2mo ago AI analysis › SEC Filing ● Major ⚠ 9
BAK: 6-K · earnings release
Braskem reported 2Q26 Recurring EBITDA of US$1,043 million (R$5,253 million), up US$852 million from 1Q26, with net income attributable to shareholders of US$664 million (R$3.3 billion) and operating cash flow of R$1,928 million, driven by sharply higher chemical and petrochemical spreads tied to the Middle East conflict.
The quarter's strength is overshadowed by a distressed capital structure: gross debt stands at US$10.3 billion (92% foreign-currency denominated), adjusted net debt rose 3% to US$9.5 billion, leverage hit 6.74x, and the company was in default under certain financial instruments in July 2026, prompting S&P to rate it D and Fitch C.
Braskem obtained a 60-day Brazilian emergency injunction and a preliminary US Chapter 15 stay suspending creditor enforcement while it reviews non-binding creditor proposals for a restructuring; no terms have been agreed, and its Mexican unit Braskem Idesa is separately considering Chapter 11 after missing interest payments on its 2029 and 2032 senior secured notes.
Management cautioned that international resin spreads had already returned to pre-conflict levels by quarter-end, meaning the earnings tailwind may not repeat while the restructuring outcome remains undefined.
SEC 6-K • 2mo ago AI analysis › SEC Filing ● Critical ⚠ 9
BAK: 6-K · periodic report
Braskem's 6-K furnishes its reviewed Q2 2026 quarterly information, in which KPMG issued an emphasis of material uncertainty related to going concern: consolidated shareholders' equity is negative by R$13,087 million, net working capital is negative by R$8,701 million, and the auditor states these conditions may cast significant doubt on the Company's ability to continue as a going concern.
The operating quarter itself was strong — consolidated net revenue of R$21,715 million (2Q25: R$17,857 million) drove net profit of R$3,323 million versus a R$390 million loss a year earlier, with first-half EPS of R$5.9882 — but consolidated cash fell to R$3,931 million from R$10,501 million at year-end 2025.
Braskem is in active court-supervised restructuring: a São Paulo court granted a 60-day protective injunction suspending creditor enforcement, a Chapter 15 petition won a preliminary US automatic stay, Fitch and S&P cut global ratings to C and D, and the company was in default on R$507 million (US$98 million) of obligations in July 2026.
Subsidiary Braskem Idesa, which defaulted on its 2029 and 2032 bond interest (R$765 million/US$148 million outstanding), also carries substantial going-concern doubt and may pursue US Chapter 11; meanwhile Shine Fund's June 3, 2026 purchase of Novonor's 34.32% stake placed Braskem under joint control with Petrobras.
SEC 6-K • 2mo ago AI analysis › SEC Filing
BAK: 6-K · other
Braskem S.A. filed a Form 6-K on August 10, 2026 furnishing its monthly disclosure of securities and derivatives transactions for July 2026, as required under Article 11 of Brazil's CVM Resolution 44/2021.
The report relates to shares held in the company's treasury, showing a Class "A" Preferred Share treasury position with a reported quantity of 27 shares, and states that the month's operations were conducted in compliance with the CVM rule.
The filing is a routine regulatory submission signed by CFO Carlos Augusto Machado Pereira de Almeida Brandão and contains no new financial results, strategic announcements, or capital markets events relevant to investors.
SEC 6-K • 2mo ago AI analysis › SEC Filing ⚠ 1
BAK: 6-K/A · ownership disclosure
Braskem S.A. filed a Form 6-K/A furnishing consolidated insider trading disclosures required under Article 11 of CVM Instruction 44/2021, covering June 2026 activity by management and related persons, controlling shareholders, the board of directors, fiscal council, and technical or advisory bodies.
The forms report opening and closing balances of common shares and Class A preferred shares, along with small transactions in shares, debentures, American depositary receipts, and receivables certificates, including filings submitted by related parties at controlling shareholder Petrobras.
No financial results, guidance, or corporate transactions were disclosed, and the filing carries Braskem's standard forward-looking disclaimer referencing the geological event in Alagoas and related legal proceedings.
This is a routine compliance report with no direct impact on the company's fundamentals or outlook.
SEC 6-K/A • 2mo ago SEC Filing ● Major ⚠ 2
BAK: 6-K · other
Braskem S.A. responded to inquiries from the B3 stock exchange and CVM regarding media reports suggesting the company is nearing a judicial reorganization due to failed negotiations. The company stated that while it is evaluating economic and financial alternatives to optimize its capital structure, no decision has been reached regarding the terms of a potential restructuring or any judicial measures.
Management confirmed that a 60-day stay of enforcement actions granted by the Court of the 2nd Bankruptcy and Judicial Reorganization Court of São Paulo remains in effect. The company continues to engage with creditors, receiving indicative and non-binding proposals that include potential capitalization and the granting of security interests over assets.
Braskem reiterated its commitment to pursuing a consensual solution with financial creditors to ensure the continuity of its operations. The company emphasized that it remains fully dedicated to finding a structural and orderly solution for its capital structure.
SEC 6-K • 2mo ago AI analysis › SEC Filing ⚠ 3
BAK: 6-K · other
Braskem released its Q2 2026 production and sales report, highlighting that higher international resin and chemical prices positively impacted operating results despite global macroeconomic volatility. The company noted that the conflict in the Middle East constrained global feedstock supply and increased oil prices, driving up international petrochemical spreads.
The company faced mixed volume trends across its segments, with Brazil/South America resin sales down 2% sequentially due to import competition and the U.S./Europe segment maintaining flat PP sales despite scheduled maintenance. The Mexico segment experienced a sharp 12 percentage point drop in PE plant utilization compared to the prior quarter due to liquidity preservation measures adopted by Braskem Idesa.
Petrochemical spreads widened significantly during the quarter, with the Brazil PE spread soaring 101% quarter-over-quarter and the main chemicals spread increasing 98%. Green PE sales volume surged 49% from the first quarter, driven by commercial opportunities in Europe and seasonal demand adjustments following the Chinese New Year.
SEC 6-K • 2mo ago AI analysis › SEC Filing ⚠ 3
BAK: 6-K · other
Braskem S.A. responded to a request from the Brazilian Securities and Exchange Commission (CVM) regarding news reports of a deadlock with creditors over its capital structure. The company confirmed it is exchanging non-binding proposals with holders of its Senior Notes and Debentures regarding a potential restructuring.
The proposals received from creditors include a possible capitalization and the granting of security interests over the company's assets. Braskem stated that these terms remain under analysis and that no decision has been reached regarding the restructuring.
The company reiterated its commitment to continuing discussions to find a consensual and orderly solution while ensuring the continuity of its operations.
SEC 6-K • 2mo ago AI analysis › Press Release
Lallemand Biofuels & Distilled Spirits and Braskem Announce Bio-Acetone as a Coproduction Opportunity in Ethanol Facilities
businesswire.com • 2mo ago SEC Filing ⚠ 5
BAK: 6-K · debt financing
Braskem confirmed it has received and rejected restructuring proposals from bondholders, including U.S. fund Elliott, regarding its approximately R$50 billion debt load. The rejected terms included a debtor-in-possession financing facility that would have significantly diluted controlling shareholders to less than 10% and a proposal to pledge all company assets as collateral in exchange for a maturity extension.
The company reiterated that negotiations are ongoing as it seeks a consensual solution to optimize its capital structure. The confirmation follows a request for clarification from Brazilian exchange B3 after a press report detailed the creditors' proposals.
Braskem noted it continues to operate in the ordinary course of business while discussions proceed, supported by a court-granted 60-day stay on enforcement actions from invited creditors participating in mediation proceedings.
SEC 6-K • 3mo ago AI analysis › SEC Filing
BAK: 6-K/A · other
Braskem S.A. filed an amended Form 6-K on July 20, 2026, providing an updated annual calendar of corporate events for 2026. The document outlines the scheduled dates for periodic and sporadic disclosures of information throughout the year.
Key dates include the release of the annual financial statements for 2025 on March 26, 2026, and the Annual Shareholders' Meeting on April 29, 2026. Quarterly financial statements are slated for release in May, August, and November.
Rosana Cristina Avolio is listed as the responsible party in the Investor Relations Area. The report was signed by Chief Financial Officer Carlos Augusto Machado Pereira de Almeida Brandão.
SEC 6-K/A • 3mo ago SEC Filing
BAK: 6-K · ownership disclosure
Braskem S.A. filed a Form 6-K to report on securities trading and holdings by management and related persons during June 2026. The filing discloses closing balances for common and Class A preferred shares held by these groups.
The report includes details on transactions involving American depositary receipts and structured transaction certificates, as well as holdings in Petroleo Brasileiro S.A. Petrobras. CFO Carlos Augusto Machado Pereira de Almeida Brandão signed the report.
SEC 6-K • 3mo ago AI analysis › SEC Filing
BAK: 6-K · other
Braskem S.A. filed a Form 6-K report regarding its securities and derivatives holdings for the month of June 2026. The filing was submitted to comply with Article 11 of CVM Resolution No. 44/2021.
The company disclosed that no operations with securities and derivatives were conducted during the period. Specifically, there were no trades involving Class “A” Preferred Shares held in treasury.
Carlos Augusto Machado Pereira de Almeida Brandão, Chief Financial Officer, signed the report on behalf of the company. The confirmation of the absence of treasury share activity provides transparency into the company's monthly capital management.
SEC 6-K • 3mo ago AI analysis › SEC Filing
BAK: 6-K · leadership change
Braskem S.A. elected Alessandro de Castro Melo to the position of Chief Engineering, Technology and Innovation Officer effective immediately. The election took place during an extraordinary Board of Directors meeting on July 10, 2026, and was unanimously approved following a recommendation by the People and Organization Committee.
Mr. Melo will serve in this role until the first Board of Directors meeting after the Annual Shareholders Meeting to be held in 2028. He joins the existing executive team, which includes CEO Helcio Tokeshi and CFO Carlos Augusto Machado Pereira de Almeida Brandão.
SEC 6-K • 3mo ago AI analysis › News
Down 29.6% in 4 Weeks, Here's Why Braskem (BAK) Looks Ripe for a Turnaround
zacks.com • 3mo ago SEC Filing ● Major ⚠ 3
BAK: 6-K · bankruptcy
The 2nd Bankruptcy and Judicial Reorganization Court in São Paulo has granted Braskem S.A. precautionary injunctive relief. The court order stays all enforcement actions and attachments by creditors invited to participate in the company's mediation proceeding.
This stay of enforcement will remain in effect for 60 days, providing a temporary shield against creditor claims while negotiations proceed. Braskem emphasized that this relief is strictly financial in scope and does not affect its obligations to suppliers and customers.
The company continues to operate in the ordinary course regarding trade partners while engaging with financial creditors through the Wind Mediation Chamber. Braskem will disclose the full text of the court decision once available.
SEC 6-K • 4mo ago AI analysis › SEC Filing ● Critical ⚠ 3
BAK: 6-K · bankruptcy
Braskem S.A.'s Board of Directors unanimously approved a resolution to request protective measures for the company and its controlled entities. This includes the institution of mediation with financial creditors and the commencement of judicial proceedings for Emergency Precautionary Relief under Article 20-B of Brazilian Law No. 11.101/2005.
The company intends to adopt protective measures abroad, including ancillary proceedings under Chapter 15 of the United States Bankruptcy Code. These actions are aimed at seeking a consensual and orderly solution with financial creditors and other stakeholders to address the company's financial situation.
Mr. Antonio Reinaldo Rabelo Filho was appointed as the foreign representative to act on behalf of the Braskem Group in the U.S. proceedings. The authorization extends to management taking all necessary steps to implement these resolutions.
SEC 6-K • 4mo ago AI analysis › SEC Filing ● Major ⚠ 4
BAK: 6-K · other
Braskem S.A. informed the market that it has exchanged proposals with investors regarding a possible reorganization of its capital structure under confidentiality agreements. The company shared non-public information and received terms from investors for the restructuring framework on June 19, 2026.
The company stated that the Investors' Proposal was received in terms unacceptable to Braskem and indicated it would not agree to it. Braskem emphasized its need to negotiate under a stable environment, potentially via an extrajudicial reorganization proceeding in Brazil, to address short-term needs.
No agreement has been reached on any proposal or transaction to date. The company clarified that financial projections shared up to 2035 are hypothetical and should not be interpreted as guidance.
SEC 6-K • 4mo ago AI analysis › SEC Filing ● Major ⚠ 3
BAK: 6-K · debt financing
Braskem S.A. has initiated a mediation proceeding and filed a request for Precautionary Injunctive Relief (PTU) before the 2nd Bankruptcy and Judicial Reorganization Court in São Paulo. These measures were approved by the Board of Directors to facilitate negotiations with financial creditors aimed at a consensual restructuring of the Company's capital structure.
The Company clarified that these actions are strictly limited to financial creditors and do not impact obligations to suppliers, customers, or other stakeholders, which remain in full force and effect. Braskem stated the goal is to preserve a stable environment aligned with its liquidity position and global industry conditions.
SEC 6-K • 4mo ago AI analysis › Press Release
Braskem's Commitment to Safety Recognized with Six Texas Chemistry Council (TCC) Awards
businesswire.com • 4mo ago SEC Filing ⚠ 3
BAK: 6-K · regulatory action
Braskem responded to a request from the Brazilian Securities and Exchange Commission (CVM) regarding a news report alleging the company knew of subsidence risks in Maceió since the 1980s. The company stated that the report refers to the unfolding of a criminal complaint by the Federal Public Ministry (MPF) and an investigation by the Federal Police (PF) related to the geological incident.
Braskem asserted that the existence of the inquiry and the filing of the complaint are widely known and have been repeatedly disclosed in its periodic reports since May 2024. The company argued that because the filing of the complaint was previously reported in its quarterly financial information, the specific content or acceptance of the complaint did not constitute a new material fact.
The news article cited by the CVM reported that PF investigations concluded that Braskem's predecessor, Salgema, knew of the risks as early as 1986 and that Braskem allegedly omitted monitoring data showing significant terrain changes in 2003. The crisis became public in 2018, leading to the evacuation of five neighborhoods, and the PF has classified the damage as irreversible.
SEC 6-K • 4mo ago AI analysis › News
Braskem (BAK) Loses 38.6% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner
zacks.com • 4mo ago Press Release
Blooming Future Launches Operations as Part of Braskem's Expanding Sustainable Fleet
businesswire.com • 4mo ago SEC Filing ● Major ⚠ 1
BAK: 6-K · leadership change
Braskem S.A. announced a significant restructuring of its leadership, electing Magda Maria de Regina Chambriard as the new Chairperson of the Board of Directors and Helio Baptista Novaes as Vice-Chairperson for a two-year term. The decisions were made following a Shareholders' Agreement between Shine I Fundo de Investimento em Participações Multiestratégia Responsabilidade Limitada and Petróleo Brasileiro S.A. – Petrobras.
The Board approved the anticipation of the termination of the current Statutory Officers' terms and appointed a new executive team. Helcio Tokeshi was appointed Chief Executive Officer, and Carlos Augusto Machado Pereira de Almeida Brandão was named Chief Financial Officer and Investor Relations Officer, while several officers nominated by Petrobras were re-elected to their positions.
Additionally, the Board established temporary delegation limits for the Statutory Officers for a 90-day period. These limits authorize individual officers to approve loans up to $150 million or R$600 million, and settlements up to R$80 million, subject to the Company’s gross debt limit of US$10.3 billion.
SEC 6-K • 4mo ago AI analysis › SEC Filing ⚠ 1
BAK: 6-K · other
Braskem S.A. has approved the Internal Rules of the Executive Board to govern the operation and powers of its executive officers, effective June 8, 2026.
The Executive Board is composed of eight statutory officers, including the CEO, CFO, and heads of corporate affairs and operations, serving two-year terms with the possibility of reelection.
The rules outline meeting protocols, decision-making competencies, and conflict of interest policies, ensuring alignment with the company's Bylaws and Shareholders' Agreement.
SEC 6-K • 4mo ago AI analysis › SEC Filing
BAK: 6-K · other
Braskem S.A. has disclosed the Internal Rules of its Compliance and Audit Committee, which were approved by the Board of Directors on June 8, 2026. The document establishes the committee as a permanent statutory body advising the Board on matters including compliance, internal audit, risk management, and financial reporting integrity.
The rules stipulate that the committee will be composed of five members serving two-year terms, with a maximum tenure of ten years, and must include a majority of independent members. Key responsibilities defined include the oversight of independent auditors, the review of financial statements, and the monitoring of related party transactions.
This governance update ensures the company's alignment with the Sarbanes-Oxley Act, NYSE listing standards, and Brazilian regulations such as CVM Resolution 23/21. The filing confirms the committee's operational autonomy and budget allocation to effectively execute its oversight duties.
SEC 6-K • 4mo ago AI analysis › SEC Filing
BAK: 6-K · leadership change
Braskem S.A. announced the election of members to its statutory advisory committees, including the Compliance and Audit Committee, following the recent election of its Board of Directors. The appointments are part of the execution of the Shareholders’ Agreement between Petrobras and Shine I FIP, with terms lasting until the first Board meeting after the 2028 Annual General Meeting.
The Compliance and Audit Committee is chaired by independent financial expert Maria Helena Pettersson, with members appointed by both Petrobras and Shine I FIP. Other committees, such as Finance and Investment and Strategy, Sustainability and Communication, were also populated with directors nominated by the respective shareholders, reflecting the governance structure established in the new agreement.
SEC 6-K • 4mo ago AI analysis › SEC Filing
BAK: 6-K · other
Braskem S.A. filed a Form 6-K reporting insider trading activity for May 2026, pursuant to Brazilian CVM regulations. The filing details the sale of approximately 94,770 common shares and 100 preferred shares by management, along with sales by the Fiscal Council and Technical Advisory Bodies.
The total volume of shares traded is immaterial to the company's overall capitalization. The filing contains standard forward-looking statement disclaimers referencing historical risks such as the geological event in Alagoas and the COVID-19 pandemic, but no new operational or financial data is disclosed.
SEC 6-K • 4mo ago AI analysis › SEC Filing
BAK: 6-K · other
Braskem S.A. filed a Form 6-K on June 9, 2026, to comply with Brazilian securities regulations (CVM Instruction 358/2002). The filing discloses that the company held 42,150,391 Class A Preferred shares in its treasury as of the end of May 2026.
The report confirms there were no operations involving securities or derivatives during the month of May 2026. This is a routine administrative disclosure required for foreign private issuers listed in Brazil and does not signal any new strategic or financial developments.
SEC 6-K • 4mo ago AI analysis › SEC Filing ⚠ 2
BAK: 6-K · leadership change
Braskem S.A. announced the election of a new Board of Directors and Statutory Board of Officers following an Extraordinary General Meeting held on June 8, 2026. Helcio Tokeshi, a Managing Director at IG4 Capital and former CEO of CLI, was elected as the new Chief Executive Officer, replacing the previous leadership team.
The new governance structure includes Magda Maria de Regina Chambriard as Chairman and Hélio Baptista Novaes as Vice-Chairman of the Board. Carlos Brandão, also from IG4 Capital, was appointed as Chief Financial and Investor Relations Officer, signaling a significant infusion of IG4-linked executives into Braskem's top management roles.
Several other key positions were filled or re-elected, including Nir Lander as Corporate Affairs Officer and Luiz Rossato as Transformation Officer. The filing notes that previous officers, including Roberto Prisco Paraiso Ramos and Stefan Lanna Lepecki, have left their positions as a result of these changes.
SEC 6-K • 4mo ago AI analysis › SEC Filing
BAK: 6-K · amendment
Braskem S.A. filed a Form 6-K on June 9, 2026, submitting its updated Bylaws to the SEC. The document outlines the company's corporate governance structure, including the composition of the Board of Directors, Executive Board, and Fiscal Board.
The Bylaws confirm a share capital of R$ 8.04 billion divided into approximately 797 million shares, comprising common, Class A preferred, and Class B preferred shares. The company is authorized to increase its capital up to approximately 1.15 billion shares.
Key governance provisions include a mandatory dividend policy of 25% of net income for common shareholders and a 6% minimum dividend for preferred shares. The filing also details authority limits for the Executive Board and Board of Directors regarding investments, asset disposals, and related-party transactions.
SEC 6-K • 4mo ago AI analysis › SEC Filing
BAK: 6-K · proxy statement
Braskem S.A. filed a Form 6-K disclosing the detailed final voting map from its Ordinary General Meeting held on June 8, 2026. The meeting addressed several resolutions, including amendments to the company's bylaws to reflect a new Shareholders' Agreement and improved governance practices.
Shareholders approved the bylaw amendments, which incorporated new statutory committees such as Finance and Investment, Strategy, Sustainability and Communication, People and Organization, and Safety, Environment and Health. The voting results show broad support from major shareholders, with significant blocks of common and preferred shares voting in favor of the proposals.
The filing also notes that certain remote voting instructions were disregarded due to adjustments in the management proposals regarding the bylaw amendments and the nomination of Fiscal Council members by shareholder FIP. This procedural clarification ensures the final vote count accurately reflects the approved resolutions.
SEC 6-K • 4mo ago AI analysis › SEC Filing
BAK: 6-K · amendment
Braskem SA reported the results of its Extraordinary General Meeting held on June 8, 2026, where shareholders approved amendments to the company's bylaws. The primary change aligns the term of office for the Executive Board with the Board of Directors, setting a new two-year term starting from the April 2026 AGM election.
Shareholders overwhelmingly approved the bylaw amendments with 87.6% of votes in favor. The meeting also addressed procedural voting rights, with minimal support for requests regarding cumulative voting (0.9%) and separate director elections (0.0% and 4.6% respectively), indicating stable shareholder relations and no significant governance disputes.
The filing includes detailed excerpts of the updated bylaws, outlining authority limits for the Board of Directors and Executive Board regarding asset disposals, investments, and related-party transactions. These thresholds, such as the R$ 350 million limit for asset encumbrances, remain unchanged and serve as standard governance disclosures.
SEC 6-K • 4mo ago AI analysis › SEC Filing ⚠ 2
BAK: 6-K · leadership change
Braskem S.A. announced changes to its Board of Directors and Fiscal Council nominees ahead of an Extraordinary Shareholders’ Meeting. Marcelo Weick Pogliese replaces Olavo Bentes David on the Board, while Felipe Rath Fingerl replaces Ivan Apsan Frediani on the Fiscal Council, with Audrey Cruz e Silva Saad added as an alternate.
The company also disclosed proposed amendments to its Bylaws to align with the First Amendment to the Shareholders’ Agreement between Braskem, Petrobras, and Shine I Fund. These changes primarily adjust governance thresholds and authority limits for the Board and Executive Board, including provisions for related-party transactions and asset disposals.
The bylaw updates reflect a shift in governance structure, granting the Board of Directors authority over matters previously reserved for the General Meeting, such as bankruptcy filing and extrajudicial reorganization, to enable more urgent decision-making.
SEC 6-K • 4mo ago AI analysis › SEC Filing
BAK: 6-K · proxy statement
Braskem S.A. disclosed the consolidated voting results for its Extraordinary General Meeting, which was postponed from May 28 to June 8, 2026. Shareholders approved amendments to the company’s bylaws to improve wording, renumber articles, and align with a new Shareholders Agreement and updated governance practices.
The voting results show strong support for the bylaw consolidation and the nomination of the Board of Directors slate, with over 17 million shares voting in favor of the primary governance resolutions. The meeting also authorized the Board of Directors to adjust the term of office for the Executive Board to coincide with the newly elected Board of Directors.
The filing confirms the election of 11 board candidates, including independent directors, and the replacement of the Fiscal Council. No significant dissent or activist opposition was evident in the voting data, indicating routine corporate governance proceedings.
SEC 6-K • 4mo ago AI analysis › SEC Filing ⚠ 3
BAK: 6-K · material agreement
Braskem S.A. filed a 6-K disclosing the First Amendment to its Shareholders’ Agreement with Petrobras and Shine I Fund. The amendment refines governance terms following Shine I Fund’s acquisition of approximately 34.3% of Braskem’s total capital from NSP Investimentos S.A.
The agreement establishes shared control between Petrobras (36.1% stake) and Shine I Fund (34.3% stake), which together hold 70.4% of the company. Key provisions include a two-year lock-up period for the Fund’s shares and a financial target requiring Braskem to achieve a Net Debt/EBITDA ratio of 2.5 or lower within three consecutive quarters.
The Fund is managed by Vórtx Capital and advised by IG4 Sol., with strict obligations to maintain key personnel and adhere to anti-corruption laws. The agreement remains in effect for 30 years, providing a stable governance framework for the new ownership structure.
SEC 6-K • 4mo ago AI analysis › SEC Filing ⚠ 2
BAK: 6-K · material agreement
Braskem S.A. disclosed the execution of the First Amendment to the Shareholders’ Agreement between Petrobras and Shine I Fundo de Investimento em Participações (FIP), which governs the shared control of the company. The amendment, effective upon the FIP's acquisition of approximately 34.3% of Braskem's capital, refines governance provisions, including shifting the authority to file for extrajudicial recovery or bankruptcy from the General Meeting to the Board of Directors in cases of urgency.
The agreement also restructures the Executive Board, elevating the Transformation Officer to a statutory role while demoting the Governance and Compliance Officer to a non-statutory position reporting to the Board and CEO. Petrobras and FIP will maintain equal representation on the Board and Executive Board, with specific nomination rights assigned to each party for key officer positions, ensuring balanced oversight during Braskem's financial transformation.
SEC 6-K • 4mo ago AI analysis › SEC Filing ● Major ⚠ 5
BAK: 6-K · debt financing
Braskem S.A. responded to a regulatory inquiry from Brazil’s CVM regarding reports that the company may default on $150 million in bond interest payments due in July. The company clarified that while it is engaged in discussions with creditors about capital structure optimization and potential rescheduling, no formal decision on a restructuring path has been made.
The filing acknowledges the risk of judicial reorganization if creditor support is not obtained, noting that a non-payment could trigger debt acceleration after a 30-day default period. Sources cited in the original report indicated that major shareholder Petrobras is not expected to provide capital or collateral to prevent this outcome.
This disclosure highlights significant liquidity pressure and the potential for a near-term credit event, as the company navigates complex debt maturities extending through 2050 without a finalized resolution plan.
SEC 6-K • 4mo ago AI analysis › SEC Filing ● Major ⚠ 4
BAK: 6-K · ownership disclosure
Braskem S.A. confirmed the closing of a transaction in which Shine I FIP, managed by Vórtx Capital, acquired approximately 34.3% of its total capital stock, including over 50% of its voting shares, from NSP Investimentos. The acquisition was paid for via the delivery of NSP’s own distressed debentures, effectively swapping equity for debt obligations of the seller’s parent company.
Shine I FIP now exercises joint control of Braskem alongside Petrobras under a new Shareholders’ Agreement that entered into full force on June 3, 2026. The new controller has committed to leading a financial and operational restructuring of Braskem to restore value generation and has announced its intent to file a mandatory tender offer (OPA) for the remaining shares in the near future.
NSP Investimentos retains a 4% stake in Braskem consisting of preferred shares, which it holds for purely equity purposes without governance rights or voting agreements. The filing signals a definitive end to the previous ownership structure and the beginning of a turnaround phase under new private equity management.
SEC 6-K • 4mo ago AI analysis › SEC Filing ● Critical ⚠ 4
BAK: 6-K · acquisition merger
Braskem S.A. confirmed the consummation of a transaction in which Shine I Fundo de Investimento em Participações (FIP) acquired approximately 34.3% of its total capital stock and 50.1% of its voting capital from Novonor S.A. and NSP Investimentos S.A., both of which are under judicial reorganization.
The acquisition was completed through the delivery of NSP Investimentos debentures (Series 1 and Series 2) rather than cash, marking a definitive change of control for the Brazilian chemical producer.
As a result of the transaction, the FIP is required to file a registration request for a mandatory tender offer for all remaining outstanding common and preferred shares, and a new Shareholders' Agreement with Petrobras enters into full force.
An Extraordinary General Meeting is scheduled for June 8, 2026, to approve bylaw reforms and elect a new Board of Directors, signaling a complete leadership overhaul.
SEC 6-K • 4mo ago AI analysis › News
Has Braskem (BAK) Outpaced Other Basic Materials Stocks This Year?
zacks.com • 4mo ago SEC Filing ⚠ 3
BAK: 6-K · amendment
Braskem S.A. has published a management proposal for an Extraordinary General Meeting on June 8, 2026, to approve bylaw amendments and elect a new Board of Directors. These changes reflect a new governance structure established by a Shareholders' Agreement between Petrobras and Shine I FIP, following the sale of approximately 34.3% of Braskem's capital by Novonor and NSP Investimentos to the FIP.
The proposed bylaw reforms include extending the notice period for general meetings to 30 days, establishing a minimum of three independent directors, and increasing Board of Directors meetings from quarterly to monthly. The proposal also seeks to align the term of office for the Executive Board with the Board of Directors, reducing the executive term from three to two years.
Shareholders will vote on a slate of 11 board members nominated jointly by Petrobras and the FIP, including three independent directors. The transaction remains subject to judicial authorizations and other conditions precedent, but the governance shift signals a balanced control structure between the new majority shareholder (FIP) and Petrobras.
SEC 6-K • 4mo ago AI analysis › SEC Filing
BAK: 6-K · periodic report
Braskem S.A. announced on May 27, 2026, that it has filed its Reference Form for the fiscal year ended December 31, 2025, with the Brazilian Securities and Exchange Commission (CVM). This filing serves as the company's annual report equivalent for foreign private issuers, corresponding to a Form 20-F in the United States.
The document is now available on Braskem’s Investor Relations website for public review. The 6-K filing itself contains no new financial metrics, operational updates, or forward-looking guidance, acting solely as a procedural notice of the annual report's submission.
SEC 6-K • 4mo ago AI analysis › SEC Filing ⚠ 3
BAK: 6-K · proxy statement
Braskem S.A. disclosed the consolidated remote voting results for its Extraordinary General Meeting, which was postponed from May 28, 2026, to June 8, 2026. The voting instructions received via Itaú Corretora, B3, and directly by the company remain valid for the rescheduled date.
Shareholders overwhelmingly approved the amendment of numerous articles in the company’s bylaws to improve wording, clarify cross-references, and renumber sections. Approximately 18.7 million shares voted in favor of these technical bylaw adjustments, while only about 1,600 shares voted against.
However, a significant portion of shareholders rejected the proposal to amend bylaws to reflect a new Shareholders Agreement and new governance practices, including changes to Board of Directors and Executive Board competencies. About 11.9 million shares voted against this governance overhaul, compared to 6.7 million shares in favor, suggesting potential friction regarding the new governance structure despite the approval of routine bylaw cleanups.
The filing also details voting on board nominations and the replacement of the Fiscal Council. The slate of board candidates received mixed results, with approximately 6.3 million shares approving the slate and 11.8 million shares rejecting it, indicating a divided shareholder base on the proposed board composition.
SEC 6-K • 4mo ago AI analysis › SEC Filing
BAK: 6-K · proxy statement
Braskem S.A. has postponed its Extraordinary General Meeting, originally scheduled for May 28, 2026, to June 8, 2026. The meeting will be held exclusively via the Webex digital platform to address governance matters related to a recent shareholding transaction.
The agenda includes reformulating the company's bylaws to reflect a new Shareholders' Agreement and implementing new governance practices, such as the incorporation of statutory committees for Finance, Strategy, Sustainability, and Safety. Shareholders will also vote on the election of the Board of Directors and the Fiscal Council, as well as the anticipation of the Executive Board's term end to align with the new Board of Directors' term.
This filing serves as a notice of the new date and voting procedures, requiring shareholders to submit participation documents by June 6, 2026. The changes are part of broader corporate governance improvements following the material facts disclosed in April 2026 regarding the shareholding transaction.
SEC 6-K • 5mo ago AI analysis › SEC Filing
BAK: 6-K · leadership change
Braskem S.A. announced the re-election and appointment of members to its Statutory Compliance and Audit Committee (CCAE). The Board of Directors approved the composition of the committee, which will serve until the first meeting after the 2028 Annual General Meeting.
The committee includes independent board members Gesner José de Oliveira Filho, Paulo Roberto Britto Guimarães, and José Mauro M. Carneiro da Cunha. It also includes external independent financial experts Gustavo Raldi Tancini and Maria Helena Pettersson.
Gesner José de Oliveira Filho continues to serve as the Coordinator of the CCAE. This is a routine corporate governance update with no material impact on operations or financial condition.
SEC 6-K • 5mo ago AI analysis › News
Braskem (BAK) Upgraded to Buy: What Does It Mean for the Stock?
zacks.com • 5mo ago News
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zacks.com • 5mo ago News
Braskem S.A. (BAK) Q1 2026 Earnings Call Transcript
seekingalpha.com • 5mo ago SEC Filing ● Major ⚠ 6
BAK: 6-K · earnings release
Braskem S.A. reported first-quarter 2026 recurring EBITDA of $192 million, a 76% increase from the fourth quarter of 2025, driven by higher petrochemical spreads and operational normalization following scheduled shutdowns.
The Brazil segment contributed $241 million in EBITDA, benefiting from increased sales volumes and favorable tax credits, while the U.S. and Europe segment returned to profitability with $21 million in EBITDA after maintenance shutdowns.
Despite the operational improvement, the company faces significant financial headwinds with $8.5 billion in adjusted net debt, a corporate leverage ratio of 16.81x, and a CCC- credit rating with a negative outlook from S&P.
Liquidity remains constrained by high cash consumption of $603 million in operating activities and ongoing costs related to the Alagoas geological event, for which total provisions stand at R$18.1 billion.
SEC 6-K • 5mo ago AI analysis › News
Braskem Q1 Earnings Call Highlights
marketbeat.com • 5mo ago SEC Filing ⚠ 2
BAK: 6-K · earnings release
Braskem S.A. reported a Recurring EBITDA of US$192 million in the first quarter of 2026, a 76% increase from the fourth quarter of 2025. This significant improvement is primarily attributed to the positive impact on COGS from the increase in the Special Regime for the Chemical Industry (REIQ) and the reduction in other recurring expenses.
The company's net income attributable to shareholders in 1Q26 was US$275 million, a substantial increase from the previous quarter. This improvement is mainly due to the positive exchange rate variation and the write-off of deferred tax assets.
Braskem's operating cash consumption in 1Q26 was R$3.2 billion, primarily driven by the negative variation in working capital and the replenishment of inventories. Recurring cash consumption was around R$4.6 billion, mainly explained by the semiannual interest payments on debt securities issued in the international market.
The company has been actively managing the geological event in Alagoas, with a provision balance of R$3,367 million as of March 31, 2026. The total amount disbursed for the event, from the beginning of the actions until the end of 1Q26, is R$15,603 million, with ongoing actions and potential future costs.
SEC 6-K • 5mo ago AI analysis › SEC Filing ● Major ⚠ 4
BAK: 6-K · periodic report
Braskem S.A. has reported significant financial distress in its quarterly information for the period ended March 31, 2026. The company's net working capital is negative by R$10,718 million in the consolidated and R$2,714 million in the parent company, indicating a liquidity imbalance. Shareholders' equity is also negative, with the consolidated figure at R$16,233 million and the parent company at R$15,736 million.
The financial condition of Braskem Idesa, a subsidiary, has deteriorated, leading to a substantial doubt about its ability to continue as a going concern. Braskem Idesa has defaulted on interest payments and reclassified its borrowings to current liabilities, increasing the financial risk profile. The company has engaged financial and legal advisors to assess economic and financial alternatives for reorganizing its capital structure.
Despite the financial challenges, Braskem S.A. has taken steps to strengthen its cash position. The company has secured a Term Loan of R$939 million, of which R$674 million has been disbursed. Additionally, the company has received notifications regarding a potential change in its controlling shareholder, which could have significant implications for its capital structure and operations.
The company has also been affected by geopolitical tensions, particularly in the Middle East, which have increased volatility in oil, natural gas, and petrochemical feedstock prices. These events have translated into volatility in the international prices of resins and chemical products sold by Braskem, as well as uncertainties regarding potential logistical restrictions on relevant international trade routes.
SEC 6-K • 5mo ago AI analysis › News
Braskem: From Survival To A Turnaround Story
seekingalpha.com • 5mo ago SEC Filing
BAK: 6-K/A · other
Braskem S.A. filed an amended Form 6-K to update its annual calendar of corporate events for 2026. The filing schedules dates for periodic disclosures, including the Annual Financial Statement for the year ended December 31, 2025, on March 26, 2026, and the Reference Form for the current fiscal year on May 27, 2026.
The calendar also outlines the timeline for Quarterly Financial Statements, with the first quarter results slated for release on May 13, 2026. Additionally, the Annual Shareholders' Meeting is scheduled for April 29, 2026, following the submission of the Management Proposal and Call Notice on March 27, 2026.
A public meeting with analysts is tentatively set for November 12, 2026, while the Report on the Brazilian Corporate Governance Code is due on July 31, 2026. The amendment was signed by Chief Financial Officer Felipe Montoro Jens on May 12, 2026.
SEC 6-K/A • 5mo ago Press Release
Braskem Celebrates Naming of Beautiful Future and Blooming Future, Next‑Generation Tankers for Cleaner Global Trade
businesswire.com • 5mo ago SEC Filing
BAK: 6-K · proxy statement
Braskem S.A. released the detailed final voting map for its Ordinary General Meeting held on April 29, 2026. The disclosure complies with CVM Resolution No. 81/22 and itemizes votes on resolutions including the approval of financial statements, board nominations, and administrator compensation.
Shareholders voted to approve the Company’s Financial Statements for the fiscal year ended December 31, 2025. Nominees Magda Maria de Regina Chambriard for Chairman and Héctor Núñez for Vice-Chairman received significant backing from major shareholders Novonor and Petrobras.
Voting also covered the annual global compensation for administrators and Fiscal Council members for the fiscal year ending December 31, 2026. Certain votes from Novonor and Petrobras were disregarded due to a last-minute replacement of candidates in their nomination slate.
SEC 6-K • 5mo ago AI analysis › Press Release
Notice to the Market - Braskem's 2025 Form 20-F Was Filed
newsfilecorp.com • 6mo ago Recent SEC filings with analysis 
