# EDGAR Filing Document

**Accession Number:** 0001534675
**File Stem:** 0001493152-23-007343
**Filing Date:** 2023-3
**Character Count:** 8398
**Document Hash:** ebb43ce63f1f4da7a2a4d487ceb6b764
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001493152-23-007343.hdr.sgml**: 20230313

**ACCESSION NUMBER**: 0001493152-23-007343

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20230313

**ITEM INFORMATION**: Other Events

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230313

**DATE AS OF CHANGE**: 20230313

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Tecnoglass Inc.
- **CENTRAL INDEX KEY:** 0001534675
- **STANDARD INDUSTRIAL CLASSIFICATION:** FLAT GLASS [3211]
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-35436
- **FILM NUMBER:** 23725672

**BUSINESS ADDRESS:**
- **STREET 1:** AVENIDA CIRCUNVALAR A 100 MTS DE LA VIA
- **CITY:** BARRIO LAS FLORES BARRANQUILLA
- **STATE:** F8
- **ZIP:** XXXXX
- **BUSINESS PHONE:** 57 1 281 1811

**MAIL ADDRESS:**
- **STREET 1:** AVENIDA CIRCUNVALAR A 100 MTS DE LA VIA
- **CITY:** BARRIO LAS FLORES BARRANQUILLA
- **STATE:** F8
- **ZIP:** XXXXX

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Andina Acquisition Corp
- **DATE OF NAME CHANGE:** 20111110

?xml version="1.0" encoding="utf-8"?

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT**

**PURSUANT TO SECTION 13 OR 15(D) OF THE**

**SECURITIES EXCHANGE ACT OF 1934**

Date of Report (Date of earliest event reported): <u>March 13, 2023</u>

**TECNOGLASS INC.**

(Exact Name of Registrant as Specified in Charter)

<u>Cayman Islands</u> <u>001-35436</u> <u>98-1271120</u> <br> (State or Other Jurisdiction (Commission (IRS Employer <br> of Incorporation) File Number) Identification No.)

Avenida Circunvalar a 100 mts de la Via 40, Barrio Las Flores, Barranquilla, Colombia

(Address of Principal Executive Offices) (Zip Code)

(57)(5) 3734000

(Registrant's Telephone Number, Including Area Code)

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (*see* General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e 4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
| Ordinary Shares | TGLS | The New York Stock Exchange |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

**Item 8.01 Other Events.**

On March 13, 2023, Tecnoglass Inc. (the "Company") announced that its Board of Directors has approved a 20% increase in the quarterly dividend on its ordinary shares, to $0.09 per share from $0.075 per share. At the new rate, the dividend on an annualized basis will be $0.36 per share compared to the previous rate of $0.30 per share. The Company's next quarterly dividend of $0.09 per share will be payable on April 28, 2023 to shareholders of record at the close of business on March 31, 2023.

A copy of the press release announcing the foregoing is included with this Current Report on Form 8-K as Exhibit 99.1 and is incorporated herein by reference.

**Item 9.01. Financial Statements and Exhibits.**

(d) <u>Exhibits</u>.

<u>Exhibit No.</u> <u>Description</u> <br> 99.1 [Press release dated March 13, 2023.](ex99-1.htm) <br> 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

**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 hereunto duly authorized.

Dated: March 13, 2023

---

| | |
|:---|:---|
| TECNOGLASS INC. | TECNOGLASS INC. |
| By: | */s/ Jose M. Daes* |
| Name: | Jose M. Daes |
| Title: | Chief Executive Officer |

---

## Exhibit 99.1

**Exhibit 99.1**

**Tecnoglass Increases Quarterly Dividend by 20% to $0.09 Per Share** 

**Barranquilla, Colombia – March 13, 2023 - Tecnoglass, Inc. (NYSE: TGLS) ("Tecnoglass" or the "Company")**, a leading manufacturer of architectural glass, windows, and associated aluminum products for the global residential and commercial construction industries, today announced that its Board of Directors has approved a 20% increase in the quarterly dividend on its ordinary shares, to $0.09 per share from $0.075 per share. At the new rate, the dividend on an annualized basis will be $0.36 per share compared to the previous rate of $0.30 per share. The Company's next quarterly dividend of $0.09 per share will be payable on April 28, 2023 to shareholders of record at the close of business on March 31, 2023.

Santiago Giraldo, Chief Financial Officer of Tecnoglass, commented, "This increase in our quarterly dividend reflects the earnings power of our company and confidence in our ability to consistently generate exceptional free cash flow based on the projected growth of our business. We remain focused on executing on our differentiated strategy and returning value to our shareholders."

**About Tecnoglass**

Tecnoglass Inc. is a leading producer of architectural glass, windows, and associated aluminum products serving the multi-family, single-family and commercial end markets. Tecnoglass is the second largest glass fabricator serving the U.S. and the #1 architectural glass transformation company in Latin America. Located in Barranquilla, Colombia, the Company's 2.7 million square foot, vertically-integrated and state-of-the-art manufacturing complex provides efficient access to over 1,000 global customers, with the U.S. accounting for more than 90% of revenues. Tecnoglass' tailored, high-end products are found on some of the world's most distinctive properties, including One Thousand Museum (Miami), Paramount (Miami), Salesforce Tower (San Francisco), Via 57 West (NY), Hub50House (Boston), Aeropuerto Internacional El Dorado (Bogotá), One Plaza (Medellín), Pabellon de Cristal (Barranquilla). For more information, please visit <u>www.tecnoglass.com</u> or view our corporate video at <u>https://vimeo.com/134429998</u>.

**Forward Looking Statements** 

This press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding future financial performance, future growth and future acquisitions. These statements are based on Tecnoglass' current expectations or beliefs and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements herein due to changes in economic, business, competitive and/or regulatory factors, and other risks and uncertainties affecting the operation of Tecnoglass' business. These risks, uncertainties and contingencies are indicated from time to time in Tecnoglass' filings with the Securities and Exchange Commission. The information set forth herein should be read in light of such risks. Further, investors should keep in mind that Tecnoglass' financial results in any particular period may not be indicative of future results. Tecnoglass is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, future events and changes in assumptions or otherwise, except as required by law.

**Investor Relations:**

Santiago Giraldo

CFO

305-503-9062

<u>investorrelations@tecnoglass.com</u>