Business Context and Reporting Period
Company: Cementos Pacasmayo S.A.A. (Pacasmayo Cement Corporation)
Filing Type: Form 6-K (Report of Foreign Issuer)
Reporting Date: February 13, 2015
Jurisdiction: Republic of Peru
Context: The filing announces material events approved by the Board of Directors regarding the fiscal year ended December 31, 2014, and the convening of an Annual Shareholders' Meeting.
Key Financial Metrics
The filing does not provide specific revenue, profit, cash flow, margin, debt, or liquidity figures for the fiscal year 2014. It references the approval of Audited Financial Statements but does not include the numerical data within this text.
Dividend Distribution (Fiscal Year 2014):
- Total Amount: S/. 116,392,920.60 (Peruvian Nuevos Soles)
- Per Share Amount: S/. 0.20
- Source: Retained earnings as of December 31, 2013
Material Changes and Corporate Actions
The Board of Directors unanimously approved the following actions on February 13, 2015:
- Financial Statements: Approval of Audited Financial Statements and the External Auditor's Report for the fiscal year ended December 31, 2014.
- Annual Report: Approval of the Annual Report, including the Corporate Governance report for 2014.
- Auditor Designation: Recommendation to appoint Paredes, Zaldivar, Burga & Asociados as external auditors for fiscal year 2015.
- Dividend Ratification: Recommendation to ratify the distribution of dividends for fiscal year 2014 totaling S/. 116,392,920.60.
- Dividend Delegation: Delegation of authority to the Board of Directors to determine dividend distributions for fiscal year 2015 based on retained earnings and 2015 operating results.
Outlook, Risks, and Shareholder Meeting
Annual Shareholders' Meeting:
- Location: Calle La Colonia No 150, Urb. El Vivero, Surco, Lima, Peru.
- First Call: March 27, 2015, at 10:00 am (Peruvian time).
- Second Call: March 31, 2015, at 10:00 am (Peruvian time).
- Agenda: Approval of 2014 financials, designation of 2015 auditors, ratification of 2014 dividends, and delegation of 2015 dividend authority.
Management Commentary: The Board recommends applying fiscal year 2014 results of operations to "Retained Earnings." No specific risks, contingencies, or unusual items are detailed in this filing text.
Investor Verification Checklist
- Verify the full text of the Audited Financial Statements for 2014 on the company website (www.cementospacasmayo.com.pe) to obtain revenue and profit figures.
- Confirm the record date and payment date for the S/. 0.20 per share dividend.
- Review the Corporate Governance annual report for 2014 for details on board composition and internal controls.
- Monitor the outcome of the Annual Shareholders' Meeting scheduled for late March 2015 regarding the ratification of dividends and auditor appointment.