Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]
10 Julio 2023 - 6:01AM
Edgar (US Regulatory)
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 UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of July 2023
Commission File Number: 001-39155
XP Inc.
(Exact name of registrant as specified in its
charter)
20, Genesis Close
Grand Cayman, George Town
Cayman Islands KY-1-1208
+55 (11) 3075-0429
(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:
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):
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):
SIGNATURE
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.
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XP Inc. |
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By: |
/s/ Bruno Constantino Alexandre dos Santos |
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Name: |
Bruno Constantino Alexandre dos Santos |
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Title: |
Chief Financial Officer |
Date: July 10, 2023
EXHIBIT INDEX
Exhibit 99.1
XP INC. ANNOUNCES TERMINATION
OF SHAREHOLDERS’ AGREEMENT
São Paulo, Brazil,
July 10, 2023 – XP Inc. (Nasdaq: XP), a leading, technology-driven platform and a trusted provider of low-fee financial products
and services in Brazil, announced today the termination of its shareholders agreement executed between XP Control LLC, General Atlantic
(XP) Bermuda (“GA”), LP, Itaúsa S.A. (“Itaúsa”), São Carlos Investimentos Ltd. (“São
Carlos”), São Marcos Investimentos Ltd. (“São Marcos” and, together with Itaúsa and São
Carlos, the “Iupar Group”), ITB Holding Ltd. (“ITB”) and Itaú Unibanco Holding S.A. (“Itaú
Holding” and, together with ITB, “Itaú”), originally expected to continue until October, 2026. This termination
was agreed to between the shareholders and strengthens XP Inc.'s corporate governance practices and the composition of its board of directors.
As a result of the termination,
1. Iupar Group will no
longer have the right to nominate members to our board, but together with Itaú, they will still be required to adhere to the registration
rights when selling their shares in the market;
2. GA will maintain its
right to nominate one board member as long as it maintains a minimum of 2% ownership in XP Inc.; and
3. XP Inc.’s board
will be reduced to 9 members (from 11) to improve its effectiveness.
About XP
XP is a leading, technology-driven
platform and a trusted provider of low-fee financial products and services in Brazil. XP’s mission is to disintermediate the legacy
models of traditional financial institutions by:
| · | Educating new classes of investors; |
| · | Democratizing access to a wider range of financial
services; |
| · | Developing new financial products and technology
applications to empower clients; and |
| · | Providing high-quality customer service and client
experience in the industry in Brazil. |
XP provides customers with two
principal types of offerings, (i) financial advisory services for retail clients in Brazil, high-net-worth clients, international clients
and corporate and institutional clients, and (ii) an open financial product platform providing access to over 800 investment products
including equity and fixed income securities, mutual and hedge funds, structured products, life insurance, pension plans, real-estate
investment funds (REITs) and others from XP, its partners and competitors.
Forward Looking Statements
This press release contains "forward-looking
statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements are made as of the date they were first issued and were based on current expectations, estimates, forecasts
and projections as well as the beliefs and assumptions of management. Words such as "expect," "anticipate," "should,"
"believe," "hope," “aim,” "target," "project," "goals," "estimate,"
"potential," "predict," "may," "will," "might," "could," "intend,"
variations of these terms or the negative of these terms and similar expressions are intended to identify these statements. Forward-looking
statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond XP Inc’s
control. XP, Inc’s actual results could differ materially from those stated or implied in forward-looking statements due to several
factors, including but not limited to: competition, change in clients, regulatory measures, a change the external forces among other factors.
Investor Contact: ir@xpi.com.br
IR Website: investors.xpinc.com
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