Business Context and Reporting Period
This Form 6-K filing by Ternium S.A. (NYSE: TX) reports on the outcomes of the Annual and Extraordinary General Meetings of Shareholders held on May 2, 2018, in Luxembourg. The filing confirms shareholder approval of the consolidated financial statements and unconsolidated annual accounts for the fiscal year ended December 31, 2017.
Key Financial Metrics
The filing does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. It solely references the approval of the financial statements for the year ended December 31, 2017, without detailing the figures within this document.
Dividend Declaration:
- Amount: USD 0.11 per share (USD 1.10 per ADS).
- Record Date: May 7, 2018.
- Payment Date: May 10, 2018.
Material Changes
No material financial changes or operational metrics are disclosed in this specific filing. The document focuses on corporate governance actions and shareholder resolutions rather than comparative financial performance.
Guidance, Outlook, and Corporate Actions
Board and Management Re-elections:
- Shareholders re-elected eight members to the Board of Directors, including Ubaldo José Aguirre, Roberto Bonatti, and Paolo Rocca.
- The Board re-appointed Paolo Rocca as Chairman, Daniel Agustín Novegil as Vice-Chairman, and Máximo Vedoya as Chief Executive Officer.
- The Audit Committee was confirmed with Ubaldo José Aguirre, Vincent Robert Gilles Decalf, and Adrián Lajous Vargas (all independent), with Mr. Aguirre continuing as Chair.
Auditor Appointment:
- PricewaterhouseCoopers, Société coopérative, Cabinet de révision agréé, was re-appointed as the independent auditor for the 2018 fiscal year.
Corporate Governance:
- The Extraordinary Shareholders Meeting approved all proposed amendments to the Articles of Association.
Investor Verification Checklist
- Verify the full text of the consolidated financial statements for the year ended December 31, 2017, referenced but not included in this filing.
- Confirm the exact terms of the amendments to the Articles of Association approved at the Extraordinary Meeting.
- Review the full Form 20-F or annual report for detailed revenue, profit, and debt metrics for the 2017 fiscal year.
- Check the official dividend payment status on or after May 10, 2018.