GGB · Gerdau S.A.

This 6-K filing conveys two materially significant capital actions by Gerdau S.A.: a dividend declaration and a share cancellation. The dividend—R$0.18 per share for Gerdau S.A. and R$0.08 for its subsidiary Metalúrgica Gerdau S.A.—is explicitly characterized as an 'anticipation of the minimum payment' for fiscal year 2026, indicating it is not a full-year distribution but a partial, early return of capital. The record date of May 13, 2026 and ex-dividend date of May 14, 2026 align with standard Brazilian market practice, and payments will be processed automatically via BTG Pactual for shareholders with valid CPF/CNPJ and bank details. Simultaneously, the Board approved cancellation of 7,605,000 total shares—225,000 common and 7,380,000 preferred—with no reduction in registered capital, confirming this is a treasury-share retirement rather than a capital reduction event. The updated share counts (717.1M common, 1.268B preferred) will require formal bylaws amendment at a future shareholder meeting, though the economic effect is immediate. Notably, management affirms the existing share buyback plan—previously disclosed on February 23, 2026—remains active, suggesting ongoing capital allocation discipline across multiple levers. The prescription clause (reversion of unclaimed dividends after three years under Law 6.404/76) reinforces the importance of timely shareholder registration in Brazil’s depository system. Together, these actions signal strong liquidity, board confidence in near-term cash flow generation, and a consistent capital return framework aligned with Brazilian corporate governance norms.