🧾 What This Document Is

This is a Form 6-K, a standard report that foreign companies listed in the U.S. (like this Brazilian energy company) file with the SEC to share important news. This specific report is a "certificate" of the minutes from a Board of Directors meeting held on March 19, 2026. It's the official record of the key decisions made.

👉 In short: It’s not a financial results report, but a governance update detailing the board's actions on insurance, pay, and new director appointments.

🏢 What The Company Does

Energy Company of Paraná (Copel) is a major Brazilian electric utility. In simple terms, it generates, transmits, and distributes electricity, primarily serving the state of Paraná. It's a publicly traded company on both the Brazilian (B3) and U.S. (NYSE) stock exchanges.

💰 Financial Highlights (Key Decisions with Money Involved)

While not a full earnings report, the board approved several financially significant items:

• 🏢 D&O Insurance Renewal: The board approved renewing the Directors and Officers (D&O) liability insurance. They chose an option that increases coverage by USD $10 million while also securing a 9% lower premium than last year.
• 🛡️ Indemnity Agreement Limit: They set the annual financial limit for the company's indemnity agreement at R$25 million (about $5 million USD) for 2026. This is the maximum pool of money available for certain legal settlements or claims.

🚀 Key Moves: Board Decisions

The board meeting covered four main actionable items:

1. Approved the D&O insurance renewal with increased coverage.
2. Set the annual indemnity limit at R$25 million.
3. Approved 2026 executive compensation, to be finalized at the shareholder meeting on April 23, 2026.
4. Nominated a new board member, Harry Schmelzer Junior, and determined he meets independence criteria.

⚖️ Big Picture: Governance & Risk Management

The meeting focused heavily on protecting the company and its leadership. Renewing D&O insurance and setting indemnity limits are core risk management practices. They ensure the company and its directors are financially protected if faced with lawsuits or claims.

👍 Strength: Demonstrates proactive corporate governance and fiduciary responsibility. ⚠️ Risk: The need for significant insurance coverage hints at the complex regulatory and legal environment utilities operate in.

👥 Board & Governance Update

A key outcome was strengthening the board itself.

• New Director Nominee: Harry Schmelzer Junior was appointed to the Board of Directors for the 2025-2027 term. His election is pending shareholder approval.
• Independence Confirmed: The board formally stated that Mr. Schmelzer Junior meets all independence criteria under Brazilian securities law (CVM Resolution No. 80/2022). This is crucial for ensuring unbiased oversight.

🧠 The Analogy

Think of Copel's board as a family's guardians. This meeting was about updating the home insurance policy (D&O), setting a budget for handling unexpected legal trouble (indemnity limit), and appointing a new, trustworthy family advisor (independent director) to help make smart decisions.

📇 Key Contacts & People

• Chairman of the Board: Marcel Martins Malczewski
• Chief Executive Officer: Daniel Pimentel Slaviero (signed the filing)
• Vice President of Finance & Investor Relations: Felipe Gutterres Ramella
• Company Secretary: Isabel Zaiczuk Raggio
• New Board Nominee: Harry Schmelzer Junior
• Company Address: José Izidoro Biazetto, 158, 81200-240, Curitiba, Paraná, Brazil
• Phone: +55 (41) 3331-4011

🧩 Final Takeaway

This filing shows Copel's board actively managing two critical areas: financial risk (through insurance and indemnity policies) and governance quality (by appointing a new, independent director). It’s a behind-the-scenes look at how a large public company maintains its operational and legal safeguards.