UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

COMMISSION FILE NUMBER 1-11176

 

For the month of   January 2019.  

 

Group Simec, S.A.B. de C.V.

(Translation of Registrant’s Name Into English)

 

Av. Lazaro Cardenas 601, Colonia la Nogalera, Guadalajara, Jalisco, Mexico 44440

(Address of principal executive office)

  

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

 

Form 20-F [X] Form 40-F [_]

 

Indicate by check mark whether the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1)

 

Yes        [_] No              [X]

 

Indicate by check mark whether the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7)

 

Yes        [_] No              [X]

 

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        [_] No              [X]

 

(If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-___________.)

 

 

SIGNATURE

 

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

    GRUPO SIMEC, S.A.B. de C.V.
                      (Registrant)
     
     
         
Date: January 31, 2019.  By: /s/ Mario Moreno Cortez
    Name:   Mario Moreno Cortez
    Title:     Coodinator of Finance

 

 

Exhibit 99.1

Contact: Sergio Vigil González
    Mario Moreno Cortez
    Grupo Simec, S.A.B. de C.V.
    Calzada Lázaro Cárdenas 601
    44440 Guadalajara, Jalisco, México
    52 55 1165 1025
    52 33 3770 6734

 

GRUPO SIMEC INFORMS OF AGREEMENT WITH SUCURITIES AND EXCHANGE COMMISSION.

GUADALAJARA, JAL Mexico, Jan. 30, 2019 -- Grupo Simec, S.A.B. de C.V. (NYSE: SIM) ("Simec") informs in relations of some weaknesses of its control systems that it has reached an Agreement with Securities and Exchange Commission (SEC) in which Simec shall contract an independent consultant to ensure the correction of such control weaknesses and to implement and maintain interim control systems to report the Financial Information correctly and payment of $200.000.00 USD. Since 2017 Simec contracted an independent consultant firm with whom Simec has improved its Internal Control System to prepare and report the Financial Information.

The Agreement with SEC gives continuity to the program of 2017 and ratifies the commitment of Simec to strengthen its policies and procedures of its internal control system to correct the control weaknesses detected and informed to the public opportunely, in order to give certainty as usual, that the operations of the Company are made, accounted for and reported timely and appropriately in accordance to the Mexican and US applicable Law.