FORM
6-K
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
REPORT OF FOREIGN
PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF THE
SECURITIES EXCHANGE ACT OF 1934
dated July
23, 2020
BRASILAGRO
– COMPANHIA BRASILEIRA DE PROPRIEDADES AGRÍCOLAS
(Exact Name as Specified in its Charter)
BrasilAgro –
Brazilian Agricultural Real Estate Company
(Translation of
Registrant’s Name)
1309 Av. Brigadeiro
Faria Lima, 5th floor, São Paulo, São Paulo 01452-002, Brazil
(Address of principal
executive offices)
Gustavo Javier
Lopez,
Administrative
Officer and Investor Relations Officer,
Tel. +55 11 3035
5350, Fax +55 11 3035 5366, ri@brasil-agro.com
1309 Av. Brigadeiro
Faria Lima, 5th floor
São Paulo,
São Paulo 01452-002, Brazil
(Name,
Telephone, E-mail and/or Facsimile number and Address of Company Contact Person)
Indicate by check
mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form
20-F ☒ 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):
Indicate by check
mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to
the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes
☐ No ☒
If “Yes”
is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): Not applicable.
BRASILAGRO – COMPANHIA BRASILEIRA
DE PROPRIEDADES AGRÍCOLAS
Publicly Held Company with Authorized Capital
Corporate Taxpayer’s ID (CNPJ/MF)
Nr. 07.628.528/0001-59
State Registry (NIRE) 35.300.326.237
EXTRACT OF THE MINUTES OF THE MEETING
OF THE BOARD OF DIRECTORS
HELD ON JUNE 30, 2020
Date, Time and Place: The
meeting was held on June 30, 2020, at 7:30 p.m., at the headquarters of BrasilAgro – Companhia Brasileira
de Propriedades Agrícolas (“Company”), at Avenida Brigadeiro Faria Lima, 1.309, 5th floor,
in the City of São Paulo, State of São Paulo.
Call Notice and Attendance:
All members of the Board of Directors were properly convened, pursuant to Section 20, Paragraph 1, of the Company’s Bylaws,
and, therefore, the meeting was duly started with the attendance of the Board Members that sign these minutes. The attendance of
the Board Members via call conference and video conference, respectively, is authorized, as permitted by Section 20, head paragraph,
of the Bylaws.
Presiding Board: Chairman:
Eduardo S. Elsztain; and Secretary: André Guillaumon.
Agenda: To resolve on: (i)
the approval of the sale of one thousand and five hundred hectares (1,500 ha) of arable land from Fazenda Jatobá, located
in the Municipality of Jaborandi/BA (“Fazenda Jatobá” and “CVC Fazenda Jatobá”, respectively);
(ii) the approval of an agricultural partnership involving the area of three thousand four hundred and thirty hectares
(3,430 ha) of arable land from Fazenda Jatobá for a period of four (4) years; as well as (iii) the extension
of the currently in-force agricultural partnership of seven thousand six hundred and nineteen hectares (7,619 ha) of arable land
from Fazenda Jatobá for an additional period of five (5) years.
Resolutions: Beginning the
meeting, the Board members examined and discussed the items on the agenda and unanimously approved, without any reservations or
restrictions, the following:
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1.
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Approval of the sale of 1,500 agricultural hectares of Fazenda Jatobá, by Imobiliária
Jaborandi, for the total price of four hundred and fifty thousand (450,000) bags of soybeans, that is, in the ratio of three hundred
(300) bags of soybeans per useful/arable hectare, the payment due as follows: twenty percent (20%) this year, and eighty percent
(80%) in successive annual installments, that is, the amount, in national currency, equivalent to fifty-two thousand six hundred
and thirty-two (52,632) bags of soybeans, already priced at R$ 95.00 (ninety-five Brazilian Reais) and, therefore, equivalent to
five million Brazilian Reais (R$ 5,000,000.00) as a first installment, to be paid on June 30, 2020; the amount equivalent to thirty-seven
thousand three hundred and sixty-eight (37,368) bags of soybeans, already priced at ninety-five Brazilian Reais (R$ 95.00) and,
therefore, equivalent to three million, five hundred and fifty thousand Brazilian Reais (R$ 3,550,000.00) as a second installment,
to be paid on August 30, 2020, and six (06) installments falling due on June 30 of the following years, with the last installment
due on June 30, 2026;
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2.
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Approval of an agricultural partnership of 3,430 hectares of Fazenda Jatobá, by Imobiliária
Jaborandi, for a period of four (4) years at the price of fifteen percent (15%) of the soybean production of the harvest of the
years 2022/2023 and 2023/2024; and
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3.
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Approval of the extension of the currently in-force agricultural partnership involving the area
of seven thousand six hundred and nineteen hectares (7,619 ha) or arable land from Fazenda Jatobá for a period of five (5)
additional years, counted as of Jul/2023.
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After that, the Board Members also authorized
the Company's Executive Board to perform any and all acts and/or to execute any and all documents, including but not limited to
private instruments, contracts, power-of-attorney and/or public deeds related to CVC Fazenda Jatobá and/or necessary for
the respective implementation of the agricultural partnerships(s) approved/renewed.
Closing: There being no further
matters to discuss, the minutes were drafted, approved and signed by all members of the Board of Directors attending the meeting,
and also by the Chairman and Secretary of the Presiding Board.
Signatures: Chairman of the
Presiding Board: Eduardo S. Elsztain. Secretary: André Guillaumon. Board Members: Eduardo S. Elsztain, Alejandro
G. Elsztain; Alejandro Gustavo Casaretto; Carlos María Blousson; Isaac Selim Sutton; João de Almeida Sampaio Filho,
Bruno Magalhães and Camilo Marcantonio.
I certify that the above is a translation
of the summarized resolutions of the minutes drawn up in the Book of Minutes of the Meetings of the Board of Directors.
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São Paulo, June 30, 2020.
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André
Guillaumon
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Secretary
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SIGNATURES
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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Date: July 23,
2020.
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By:
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/s/ Gustavo Javier Lopez
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Name:
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Gustavo Javier Lopez
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Title:
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Administrative Officer and
Investor Relations Officer
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2
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