20-F/A: Cementos Pacasmayo Amends 20-F Certifications

Cementos Pacasmayo S.A.A. filed an amendment to its 2024 Annual Report on Form 20-F to correct the text of its CEO and CFO certifications.

Summary

• Cementos Pacasmayo S.A.A. filed Amendment No. 1 on Form 20-F/A to its Annual Report on Form 20-F for the fiscal year ended December 31, 2024.
• The amendment was filed solely to correct the text of Exhibits 12.1 and 12.2, which are the Section 302 Sarbanes-Oxley Act certifications for the Chief Executive Officer and Chief Financial Officer.
• This Amendment No. 1 does not amend, update, or restate any other information in the original Form 20-F, nor does it reflect any events that have occurred after the initial filing on April 29, 2025.
• The certifications affirm that the report does not contain untrue statements of material fact or omissions, and that financial statements fairly present the company's financial condition, results of operations, and cash flows.
• Management also certified responsibility for establishing and maintaining disclosure controls and internal control over financial reporting, their design, evaluation, and disclosure of any material changes or deficiencies.

Sentiment

Score: 5

Explanation: The filing is a technical amendment to correct textual errors in certifications, indicating a neutral impact on the company's operational or financial performance. It reflects compliance with regulatory requirements.

Positives

• Demonstrates commitment to regulatory compliance and accurate financial reporting by correcting prior textual errors in key certifications.
• Reaffirms management's responsibility for and belief in the effectiveness of disclosure controls and internal control over financial reporting, which is crucial for investor confidence.

Negatives

• The necessity for an amendment, even for textual corrections, indicates a minor administrative oversight in the original filing process.

Risks

• Potential for adverse effects on the company's ability to record, process, summarize, and report financial information if significant deficiencies or material weaknesses in internal control over financial reporting were to exist (as per SOX certification language).
• Risk of fraud, whether or not material, involving management or other employees who have a significant role in the company's internal control over financial reporting (as per SOX certification language).

Future Outlook

This amendment is solely for textual corrections to certifications and does not provide any forward-looking statements or guidance regarding the company's future performance or strategic outlook.

Management Comments

• The report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made not misleading.
• The financial statements and other financial information included in this report fairly present in all material respects the financial condition, results of operations, and cash flows of the company.
• We are responsible for establishing and maintaining disclosure controls and procedures and internal control over financial reporting.
• We have designed such controls to ensure material information is known to us and to provide reasonable assurance regarding the reliability of financial reporting.
• We have evaluated the effectiveness of disclosure controls and procedures and disclosed any material changes in internal control over financial reporting.
• We have disclosed to auditors and the audit committee any significant deficiencies, material weaknesses, or fraud involving management or other employees.

Industry Context

This filing is a routine regulatory compliance update specific to Cementos Pacasmayo S.A.A.'s reporting obligations and does not contain information relevant to broader industry trends or competitive dynamics within the cement or construction materials sector.

Corporate Governance

Stakeholder Impact

• Shareholders: Provides assurance of continued regulatory compliance and management's commitment to accurate financial reporting, though no new financial or operational data is presented.
• Regulatory Authorities: Demonstrates adherence to SEC filing requirements and Sarbanes-Oxley Act provisions.

Key Dates

Keywords

Cementos Pacasmayo, CPAC, SEC Filing, 20-F/A, Annual Report Amendment, Sarbanes-Oxley, SOX Certification, Corporate Governance, Financial Reporting, Disclosure Controls, Internal Controls, Peru Cement