Business Context and Reporting Period
This Form 6-K filing by Cementos Pacasmayo S.A.A. (Pacasmayo Cement Corporation) covers the month of March 2017, specifically dated March 15, 2017. The filing serves as a Relevant Update regarding corporate governance and the composition of the Board of Directors.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This document focuses exclusively on administrative and governance matters rather than financial performance.
Material Changes
The primary material change announced is the selection of candidates for the Board of Directors for the 2017–2019 term. The Corporate Governance Committee unanimously approved a proposal received from the Association of Private Pension Funds (AFPs) to:
- Establish a Board of nine (9) Directors and two (2) Alternate Directors.
- Propose Mr. Marco Antonio Zaldivar Garcia as a new Director candidate.
- Re-propose Mr. Felipe Ortiz de Zevallos Madueño for the position of Director.
Outlook, Risks, and Management Commentary
Management commentary is limited to the procedural approval of the Board composition. The selected candidates will be presented for final approval at the Annual General Shareholders Meeting, scheduled for the first quarter of 2020. No specific financial guidance, risk factors, or contingencies are disclosed in this filing.
Key Facts for Investor Verification
- Board Composition: The proposed Board consists of 9 Directors and 2 Alternates for the 2017–2019 period.
- Key Appointments: Marco Antonio Zaldivar Garcia (President of the Lima Stock Exchange) and Carlos Heeren Ramos (Executive Director of UTEC) are highlighted as key candidates with detailed biographies provided.
- Approval Timeline: Final ratification of these directors is contingent upon the Annual General Shareholders Meeting in Q1 2020.
- Source of Proposal: The candidate list was formally proposed by the Association of Private Pension Funds (AFPs).