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SEC filingBanco Santander-Chile held its Ordinary and Extraordinary Shareholders' Meetings on April 28, 2026, electing a new Board of Directors, appointing leadership, approving a dividend of $3.353346317 per share, and amending bylaws for gender parity.
The Ordinary Shareholders' Meeting on April 28, 2026, resulted in a refreshed Board composition with a strong emphasis on independence, as seven of the nine elected Directors are explicitly noted as Independent, alongside two Independent Alternates. This signals robust governance standards for investors. Leadership stability is reinforced by appointing Rodrigo Vergara Montes as Chairman and Félix de Vicente Mingo as Vice Chairman immediately following the election, ensuring continuity in strategic oversight. The approved dividend of $3.353346317 per share, drawn from 2025 fiscal year profits, provides direct shareholder value with a clear timeline—record date April 29, 2026, and payment starting May 6, 2026, at the Bank's head office and branches. This payout underscores the company's commitment to returning capital amid presumably solid prior-year performance. The subsequent Extraordinary Meeting's approvals modernize corporate structure by mandating gender parity on the Board, removing the second vice-presidency, and aligning bylaws with current regulations via a consolidated text. These changes enhance compliance, diversity, and operational efficiency, potentially improving investor confidence in long-term sustainability and regulatory adherence.