EX-99.3 2 tm207320d10_ex99-3.htm EXHIBIT 99.3

 

Exhibit 99.3

 

SUZANO S.A.

 

Publicly Held Company

Taxpayer ID (CNPJ/MF): 16.404.287/0001-55

Company Registry (NIRE): 29.300.016.331

 

MINUTES OF THE BOARD OF DIRECTORS MEETING

 

(“Meeting”)

 

1.                  Date, Time and Place: The Board of Directors of Suzano S.A. (“Company”) convened on February 12, 2020, at 1:00 p.m., at the branch office located at Av. Brigadeiro Faria Lima, 1355, 8th floor, in the City of São Paulo, State of São Paulo.

 

2.                  Attendance: the following Directors attended the meeting: David Feffer (Chairman of the Board), Claudio Thomaz Lobo Sonder (Vice-Chairman of the Board), Daniel Feffer (Vice-Chairman of the Board), Antonio de Souza Corrêa Meyer (Director), Jorge Feffer (Director), Maria Priscila Rodini Vansetti Machado (Director), Rodrigo Kede de Freitas Lima (Director) and Ana Paula Pessoa (Director). Mr. Marcelo Feriozzi Bacci, CFO of the Company, was invited to make a presentation.

 

3.                  Chairman and Secretary: The meeting was chaired by Mr. David Feffer, who invited Mr. Vitor Tumonis to act as secretary.

 

4.                  Agenda: To approve an amendment to the Financial Debt Policy of the Company (the “Policy”).

 

5.                  Minutes in summary form: The Directors unanimously approved the drawing up of these minutes in summary form.

 

6.                  Presentation, Discussions and Decision: As requested, Mr. Marcelo Feriozzi Bacci, CFO of the Company, presented the subject to the Board members and explained that the amendment now proposed is only a wording amendment to clarify that the financial leverage shall be measured in US dollars. After the presentation and the discussions following thereto, the Directors attending to the Meeting, unanimously and without restrictions, approved referred amendment to the Policy.

 

7.                  Closure: there being no further business to discuss, the Meeting was closed. The minutes of the Meeting were drafted, read and approved by all Audit Board members present.

 

São Paulo, SP, 12 February 2020.

 

 

 

 

(continuance of the meeting of the Board of Directors of Suzano S.A., held on February 12, 2020 at 1:00 p.m.)

 

     
David Feffer   Vitor Tumonis
Chairman of the Meeting and of the Board   Secretary
     
     
     
Claudio Thomaz Lobo Sonder   Daniel Feffer
Vice-Chairman   Vice-Chairman
     
     
     
Antonio de Souza Corrêa Meyer   Jorge Feffer
Director   Director
     
     
     
Rodrigo Kede de Freitas Lima   Maria Priscila Rodini Vansetti Machado
Director   Director
     
     
     
Ana Paula Pessoa    
Director    

 

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