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Ternium SA

02/14/2020 | Press release | Distributed by Public on 02/14/2020 16:56

SEC Filing - 6-K

Document

FORM 6 - K



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


As of 2/14/2020



Ternium S.A.
(Translation of Registrant's name into English)


Ternium S.A.
26, Boulevard Royal, 4th floor
L-2449 Luxembourg
(352) 2668-3152
(Address of principal executive offices)


Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or 40-F.

Form 20-Fa Form 40-F __

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12G3-2(b) under the Securities Exchange Act of 1934.

Yes __ Noa


If 'Yes' is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):
Not applicable


The attached material is being furnished to the Securities and Exchange Commission pursuant to Rule 13a-16 and Form 6-K under the Securities Exchange Act of 1934, as amended.
This report contains Ternium S.A.'s press release announcing that Ternium's Board of Directors Provides Full Support to its Chairman and Two Other Board Members.


SIGNATURE

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.


TERNIUM S.A.


By: /s/ Pablo Brizzio
Name: Pablo Brizzio
Title: Chief Executive Officer


Dated: February 14, 2020



Sebastián Martí
Ternium - Investor Relations
+1 (866) 890 0443
+54 (11) 4018 8389
www.ternium.com


Ternium's Board of Directors Provides Full Support to its Chairman and Two Other Board Members

Luxembourg, February 14, 2020 - Ternium S.A. (NYSE: TX) today issued the following statement:

Ternium has been advised that an Italian court investigating alleged improper payments made in Brazil for the possible benefit of a subsidiary of Tenaris S.A., an affiliate of the Company, has decided to move the case to trial involving Chairman Paolo Rocca, Board members Gianfelice Rocca and Roberto Bonatti, and the Company's controlling shareholder, San Faustin S.A. Neither Ternium nor any of its subsidiaries are involved in those proceedings.

Ternium's outside counsel has informed that, after having previously reviewed the Italian prosecutors' investigative file, neither that file nor this magistrate's decision sets forth evidence of involvement by any of the three directors in the alleged wrongdoing. Accordingly, the Board has concluded that no particular action is warranted at the present time, other than inviting the referred board members to continue discharging their respective responsibilities with the full support of the Board.


Forward Looking Statements

Some of the statements contained in this press release are 'forward-looking statements'. Forward-looking statements are based on management's current views and assumptions and involve known and unknown risks that could cause actual results, performance or events to differ materially from those expressed or implied by those statements. These risks include but are not limited to risks arising from uncertainties as to gross domestic product, related market demand, global production capacity, tariffs, cyclicality in the industries that purchase steel products and other factors beyond Ternium's control.


About Ternium

Ternium is Latin America's leading flat steel producer, with operating facilities in Mexico, Brazil, Argentina, Colombia, the southern United States and Central America. The company offers a broad range of high value-added steel products for customers active in the automotive, home appliances, HVAC, construction, capital goods, container, food and energy industries through its manufacturing facilities, service center and distribution networks, and advanced customer integration systems. More information about Ternium is available at www.ternium.com.