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Cemex (CX) clears $180M dividend, $500M buyback headroom and raises board pay

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(Neutral)
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6-K

Rhea-AI Filing Summary

Cemex, S.A.B. de C.V. reported the results of its Ordinary General Shareholders’ Meeting. Shareholders approved the 2025 financial statements, management and board reports, and ratified the actions of the CEO, Board of Directors, and key committees for the year.

They approved an allocation of 2025 profits that includes a cash dividend of USD $180,000,000.00, payable in four equal installments on June 18, 2026, September 17, 2026, December 16, 2026, and March 3, 2027. The meeting also authorized up to USD $500,000,000.00 for share repurchases through the next annual meeting, renewed and confirmed the composition of the Board and its main committees, and increased director compensation to MXN $586,000 per board meeting and MXN $141,000 per committee meeting attended for the 2026–2027 period.

Positive

  • None.

Negative

  • None.

Insights

Cemex combines a new dividend, large buyback headroom, and routine board renewals.

Cemex shareholders approved 2025 financial statements and ratified prior management actions, signaling formal support for how the business was run last year. The meeting set profit allocation that includes a USD $180,000,000.00 cash dividend spread over four equal installments through March 2027.

They also authorized up to USD $500,000,000.00 for share repurchases until the 2027 ordinary meeting, giving the company flexibility to buy back equity if conditions are favorable. Actual impact will depend on how much of this authorization is used.

Board and committee slates were renewed with detailed votes against each nominee but all passed by majority. Director compensation for the 2026–2027 period rises to MXN $586,000 per board meeting and MXN $141,000 per committee meeting, aligning pay with ongoing governance responsibilities.

 
 

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

For the month of March 2026

Commission File Number: 001-14946

 

 

Cemex, S.A.B. de C.V.

(Translation of Registrant’s name into English)

 

 

Avenida Ricardo Margáin Zozaya #325, Colonia Valle del Campestre,

San Pedro Garza García, Nuevo León 66265, México

(Address of principal executive offices)

 

 

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

Form 20-F ☒   Form 40-F ☐

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

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

 

 
 


Contents

On March 27, 2026, Cemex, S.A.B. de C.V. (“Cemex” or the “Company”) informed the Mexican National Banking and Securities Commission (Comisión Nacional Bancaria y de Valores) and the Mexican Stock Exchange (Bolsa Mexicana de Valores) about the resolutions adopted at Cemex’s Ordinary General Shareholders’ Meeting that was held on March 26, 2026.

The following is an unofficial English translation of the information that was provided to the Mexican National Banking and Securities Commission and the Mexican Stock Exchange. In the event of any discrepancy between the English translation and the Spanish version of the information provided to the Mexican National Banking and Securities Commission and the Mexican Stock Exchange, the Spanish version shall prevail:

Summary of the resolutions adopted at the Ordinary General Shareholders’ Meeting (the “Shareholders’ Meeting”) held pursuant to article 181 of the Mexican General Corporations Law (Ley General de Sociedades Mercantiles), where 43,273,320,399 (forty-three billion two hundred seventy-three million three hundred twenty thousand three hundred ninety-nine) shares, which are equal to 99.965% (ninety-nine point nine six five percent) of the 43,288’573,611 (forty-three billion two hundred eighty-eight million five hundred seventy-three thousand six hundred eleven) shares with voting rights that constitute the capital stock of the Company, were represented.

In relation to the First Item on the Agenda, by majority vote in favor and with the opposing vote of 2,486,665 (two million four hundred eighty-six thousand six hundred sixty-five) shares which represent 0.0057% (zero point zero zero five seven percent) of the votes present, the following Resolution was adopted:

FIRST: The following is approved by majority vote:

a) The Chief Executive Officer’s Report regarding the Company’s performance during fiscal year 2025; the Company’s Statement of Financial Position, Income Statement, Cash Flow Statement, and Statement of Changes in Capital, for fiscal year 2025, together with their complementary notes; the Board of Directors’ Report on the transactions and activities in which it intervened during fiscal year 2025; the Company’s Board of Directors’ Audit Committee’s Report, Corporate Practices and Finance Committee’s Report, and Sustainability, Climate Action, Social Impact and Diversity Committee’s Report; the Report containing the main Accounting Policies and Guidelines followed in the preparation of financial information, as well as the Report on the Company’s Tax Situation; and

b) The ratification of all acts and actions carried out by the Chief Executive Officer, the Board of Directors, and the Audit, Corporate Practices and Finance, and Sustainability, Climate Action, Social Impact and Diversity Committees of the Board of Directors.

In relation to the Second Item on the Agenda, by majority vote in favor and with the opposing vote of 11,169,555 (eleven million one hundred sixty-nine thousand five hundred fifty-five) shares which represent 0.0258% (zero point zero two five eight percent) of the votes present, the following Resolution was adopted:

SECOND: The following is approved by majority vote:

a) The proposal of allocation of profits for the year ended December 31, 2025, including the declaration of a cash dividend, in the following terms:

(amounts in constant millions of Mexican pesos as of December 31, 2025)

Initial Retained Earnings:

   $ 84,603  

Declared Dividends in 2025:

   $ (2,666

Fiscal Year 2025 Earnings:

   $ 19,834  

Earnings Subject to Distribution:

   $ 101,771  

Dividend:

   $ (3,240 )* 

Remaining Retained Earnings:

   $ 98,531  

 

*

Considering USD $180 million at an exchange rate of MXN $18.0012 per USD $1.00 as of December 31, 2025. This amount will be adjusted to the exchange rate available two business days prior to the payment dates.

The allocation of profits includes the declaration of a cash dividend of USD $180,000,000.00 (one hundred and eighty million U.S. dollars 00/100) payable in USD to registered holders of American Depositary Shares (“ADS”) and payable in Mexican pesos at the exchange rate determined by the Mexican Central Bank (Banco de México) two business days prior to each payment date to registered holders of Series A and Series B shares and Ordinary Participation Certificates (“CPO”). The dividend will be paid in four equal installments in USD for all of the outstanding shares that make up the capital stock of the Company on each payment date. The first installment should be paid starting on June 18, 2026 for coupon 159; the second installment should be paid starting on September 17, 2026 for coupon 160; the third installment should be paid starting on December 16, 2026 for coupon 161; and the fourth and last installment should be paid starting on March 3, 2027 for coupon 162.


b) Mr. Rogelio Zambrano Lozano, Mr. Jaime Muguiro Domínguez, Mr. José Antonio González Flores, Mr. Roger Saldaña Madero, and Mr. Guillermo Francisco Hernández Morales are authorized for any of them to present the notices and make the publications required for the declaration and payment of the approved dividend, as well as to determine and update the exchange rate that is applicable for each dividend installment.

In relation to the Third Item on the Agenda, by majority vote in favor and with the opposing vote of 1,394,620 (one million three hundred ninety-four thousand six hundred twenty) shares which represent 0.0032% (zero point zero zero three two percent) of the votes present, the following Resolution was adopted:

THIRD: The following is approved by majority vote:

a) To set the amount of USD $500,000,000.00 (five hundred million U.S. dollars 00/100) or its equivalent in Mexican pesos, as the maximum amount of resources that, from this Shareholders’ Meeting and until the date the annual ordinary shareholders’ meeting is held in 2027, Cemex, S.A.B. de C.V. may use for the acquisition of its own shares or securities that represent such shares; and

b) Authorize the Company’s Board of Directors to i) determine the bases on which the acquisition and placement, as may be the case, of said shares shall be instructed; ii) designate the persons that shall make the decisions to acquire or place any such shares or securities; and iii) appoint those responsible for carrying out the transactions and giving the corresponding notices to the authorities. The Board of Directors and/or attorneys-in-fact or delegates appointed at the time, or the persons responsible for such transactions, shall determine in each case, whether the purchase shall be carried out with a charge to stockholders’ equity as long as the shares belong to the Company, or charged to the capital stock, in case it is resolved to convert them into unsubscribed shares to be kept in treasury.

In relation to the Fourth Item on the Agenda, by majority vote in favor and with the opposing vote stated in each case and the percentage each represents of the votes present, the following Resolutions were adopted:

FOURTH: The following are designated on an individual basis as members of Cemex, S.A.B. de C.V.’s Board of Directors by majority vote:

 

Board Member

  

Type of Board Member

  

Votes Against

ROGELIO ZAMBRANO LOZANO   

Non-Independent Director

(Criteria: Relevant Executive of the Company)

   514,103,597 (five hundred fourteen million one hundred three thousand five hundred ninety-seven) which represent 1.1880% (one point one eight eight zero percent) of the votes present
ARMANDO J. GARCÍA SEGOVIA    Independent Director    1,208,473,233 (one billion two hundred eight million four hundred seventy-three thousand two hundred thirty-three) which represent 2.7927% (two point seven nine two seven percent) of the votes present
FRANCISCO JAVIER FERNÁNDEZ CARBAJAL    Independent Director    358,523,205 (three hundred fifty-eight million five hundred twenty-three thousand two hundred five) which represent 0.8285% (zero point eight two eight five percent) of the votes present
DAVID MANUEL MARTÍNEZ GUZMÁN    Independent Director    265,599,492 (two hundred sixty-five million five hundred ninety-nine thousand four hundred ninety-two) which represent 0.6138% (zero point six one three eight percent) of the votes present


EVERARDO ELIZONDO ALMAGUER    Independent Director    306,447,871 (three hundred six million four hundred forty-seven thousand eight hundred seventy-one) which represent 0.7082% (zero point seven zero eight two percent) of the votes present
MARCELO ZAMBRANO LOZANO    Non-Independent Director (Criteria: First degree blood relative of the Chairman of the Board of Directors)    122,591,381 (one hundred twenty-two million five hundred ninety-one thousand three hundred eighty-one) which represent 0.2833% (zero point two eight three three percent) of the votes present
RAMIRO GERARDO VILLARREAL MORALES    Independent Director    1,176,399,719 (one billion one hundred seventy-six million three hundred ninety-nine thousand seven hundred nineteen) which represent 2.7185% (two point seven one eight five percent) of the votes present
GABRIEL JARAMILLO SANINT    Independent Director    307,607,902 (three hundred seven million six hundred seven thousand nine hundred two) which represent 0.7108% (zero point seven one zero eight percent) of the votes present
ISABEL MARÍA AGUILERA NAVARRO    Independent Director    199,458,961 (one hundred ninety-nine million four hundred fifty-eight thousand nine hundred sixty-one) which represent 0.4609% (zero point four six zero nine percent) of the votes present
MARÍA DE LOURDES MELGAR PALACIOS    Independent Director    242,521,430 (two hundred forty-two million five hundred twenty-one thousand four hundred thirty) which represent 0.5604% (zero point five six zero four percent) of the votes present
ISAURO ALFARO ALVAREZ    Independent Director    336,815,413 (three hundred thirty-six million eight hundred fifteen thousand four hundred thirteen) which represent 0.7783% (zero point seven seven eight three percent) of the votes present
JULISSA REYNOSO PANTALEÓN    Independent Director    852,850,510 (eight hundred fifty-two million eight hundred fifty thousand five hundred ten) which represent 1.9708% (one point nine seven zero eight percent) of the votes present


Based on the aforementioned criteria and the information provided by each such proposed person, it was determined that no Director designated as Independent meets any of the conditions set forth in article 26 of the Mexican Securities Market Law (Ley del Mercado de Valores).

It was approved that the Directors are exempt from granting surety.

FIFTH: The appointment on an individual basis of each of the following persons, as Chairman, Secretary and Alternate Secretary of Cemex, S.A.B. de C.V.’s Board of Directors is approved by majority vote, respectively, the latter two without being Directors:

 

 

  

Position

  

Votes Against

ROGELIO ZAMBRANO LOZANO    Chairman    514,103,597 (five hundred fourteen million one hundred three thousand five hundred ninety-seven) which represent 1.1880% (one point one eight eight zero percent) of the votes present
ROGER SALDAÑA MADERO    Secretary    125,367,088 (one hundred twenty-five million three hundred sixty-seven thousand eighty-eight) which represent 0.2897% (zero point two eight nine seven percent) of the votes present
GUILLERMO FRANCISCO HERNÁNDEZ MORALES    Alternate Secretary    4,367,153 (four million three hundred sixty-seven thousand one hundred fifty-three) which represent 0.0101% (zero point zero one zero one percent) of the votes present

In relation to the Fifth Item on the Agenda, by majority vote in favor and with the opposing vote stated in each case and the percentage each represents of the votes present, the following Resolutions were adopted:

SIXTH: The appointment on an individual basis of each of the following persons as members of the Audit Committee of Cemex’s Board of Directors is approved by majority vote:

 

Member

  

Votes Against

RAMIRO GERARDO VILLARREAL MORALES    1,231,215,501 (one billion two hundred thirty-one million two hundred fifteen thousand five hundred one) which represent 2.8452% (two point eight four five two percent) of the votes present
GABRIEL JARAMILLO SANINT    298,382,134 (two hundred ninety-eight million three hundred eighty-two thousand one hundred thirty-four) which represent 0.6895% (zero point six eight nine five percent) of the votes present
MARÍA DE LOURDES MELGAR PALACIOS    233,290,252 (two hundred thirty-three million two hundred ninety thousand two hundred fifty-two) which represent 0.5391% (zero point five three nine one percent) of the votes present


SEVENTH: The appointment on an individual basis of each of the following persons as Chair, Secretary and Alternate Secretary of the Audit Committee of Cemex’s Board of Directors is approved by majority vote, respectively, the latter two without being members of such Committee:

 

 

  

Position

  

Votes Against

RAMIRO GERARDO VILLARREAL MORALES    Chair    1,231,215,501 (one billion two hundred thirty-one million two hundred fifteen thousand five hundred one) which represent 2.8452% (two point eight four five two percent) of the votes present
ROGER SALDAÑA MADERO    Secretary    40,027,698 (forty million twenty-seven thousand six hundred ninety-eight) which represent 0.0925% (zero point zero nine two five percent) of the votes present
GUILLERMO FRANCISCO HERNÁNDEZ MORALES    Alternate Secretary    35,951,698 (thirty-five million nine hundred fifty-one thousand six hundred ninety-eight) which represent 0.0831% (zero point zero eight three one percent) of the votes present

In relation to the Sixth Item on the Agenda, by majority vote in favor and with the opposing vote stated in each case and the percentage each represents of the votes present, the following Resolutions were adopted:

EIGHTH: The appointment on an individual basis of each of the following persons as members of the Corporate Practices and Finance Committee of Cemex’s Board of Directors is approved by majority vote:

 

Member

  

Votes Against

ISAURO ALFARO ALVAREZ    310,533,457 (three hundred ten million five hundred thirty-three thousand four hundred fifty-seven) which represent 0.7176% (zero point seven one seven six percent) of the votes present
FRANCISCO JAVIER FERNÁNDEZ CARBAJAL    335,141,114 (three hundred thirty-five million one hundred forty-one thousand one hundred fourteen) which represent 0.7745% (zero point seven seven four five percent) of the votes present
EVERARDO ELIZONDO ALMAGUER    286,364,258 (two hundred eighty-six million three hundred sixty-four thousand two hundred fifty-eight) which represent 0.6618% (zero point six six one eight percent) of the votes present


NINTH: The appointment on an individual basis of each of the following persons as Chair, Secretary and Alternate Secretary of the Corporate Practices and Finance Committee of Cemex’s Board of Directors is approved by majority vote, respectively, the latter two without being members of such Committee:

 

 

  

Position

  

Votes Against

ISAURO ALFARO ALVAREZ    Chair    310,533,457 (three hundred ten million five hundred thirty-three thousand four hundred fifty-seven) which represent 0.7176% (zero point seven one seven six percent) of the votes present
ROGER SALDAÑA MADERO    Secretary    8,651,643 (eight million six hundred fifty-one thousand six hundred forty-three) which represent 0.0200% (zero point zero two zero zero percent) of the votes present
GUILLERMO FRANCISCO HERNÁNDEZ MORALES    Alternate Secretary    4,393,843 (four million three hundred ninety-three thousand eight hundred forty-three) which represent 0.0102% (zero point zero one zero two percent) of the votes present

In relation to the Seventh Item on the Agenda, by majority vote in favor and with the opposing vote stated in each case and the percentage each represents of the votes present, the following Resolutions were adopted:

TENTH: The appointment on an individual basis of each of the following persons as members of the Sustainability, Climate Action, Social Impact and Diversity Committee of Cemex’s Board of Directors is approved by majority vote:

 

Member

  

Votes Against

ISABEL MARÍA AGUILERA NAVARRO    57,802,704 (fifty-seven million eight hundred two thousand seven hundred four) which represent 0.1336% (zero point one three three six percent) of the votes present
ARMANDO J. GARCÍA SEGOVIA    208,961,925 (two hundred eight million nine hundred sixty-one thousand nine hundred twenty-five) which represent 0.4829% (zero point four eight two nine percent) of the votes present
MARCELO ZAMBRANO LOZANO    110,642,788 (one hundred ten million six hundred forty-two thousand seven hundred eighty-eight) which represent 0.2557% (zero point two five five seven percent) of the votes present
JULISSA REYNOSO PANTALEÓN    5,607,670 (five million six hundred seven thousand six hundred seventy) which represent 0.0130% (zero point zero one three zero percent) of the votes present

ELEVENTH: The appointment on an individual basis of each of the following persons as Chair, Secretary and Alternate Secretary of the Sustainability, Climate Action, Social Impact and Diversity Committee of Cemex’s Board of Directors is approved by majority vote, respectively, the latter two without being members of such Committee:

 

 

  

Position

  

Votes Against

ISABEL MARÍA AGUILERA NAVARRO    Chair    57,802,704 (fifty-seven million eight hundred two thousand seven hundred four) which represent 0.1336% (zero point one three three six percent) of the votes present
ROGER SALDAÑA MADERO    Secretary    40,562,478 (forty million five hundred sixty-two thousand four hundred seventy-eight) which represent 0.0937% (zero point zero nine three seven percent) of the votes present
GUILLERMO FRANCISCO HERNÁNDEZ MORALES    Alternate Secretary    4,984,303 (four million nine hundred eighty-four thousand three hundred three) which represent 0.0115% (zero point zero one one five percent) of the votes present


In relation to the Eighth Item on the Agenda, by majority vote in favor and with the opposing vote of 6,001,960 (six million one thousand nine hundred sixty) shares which represent 0.0139% (zero point zero one three nine percent) of the votes present, the following Resolution was adopted:

TWELFTH: It is approved by majority vote that the compensation to be paid for attending the meetings of Cemex’s Board of Directors and its Committees for the period 2026-2027 shall be increased to be, in a gross amount and before taxes, the amount of MXN $586,000.00 (five hundred eighty-six thousand Mexican pesos 00/100) for each of the Directors per Board of Directors meeting attended, and the amount of MXN $141,000.00 (one hundred forty-one thousand Mexican pesos 00/100) for each of the members of the Audit, Corporate Practices and Finance, and Sustainability, Climate Action, Social Impact, and Diversity Committees of the Board of Directors per each Committee meeting attended. The members of the committees created by the Board of Directors in said period, in each case, will receive at most the same compensation as the members of the Audit, Corporate Practices and Finance and Sustainability, Corporate Practices and Finance, and Sustainability, Climate Action, Social Impact, and Diversity Committees.

In relation to the Ninth Item on the Agenda, by majority vote in favor and with the opposing vote of 956,940 (nine hundred fifty-six thousand nine hundred forty) shares which represent 0.0022% (zero point zero zero two two percent) of the votes present, the following Resolution was adopted:

THIRTEENTH: MR. ROGELIO ZAMBRANO LOZANO, MR. ROGER SALDAÑA MADERO, and MR. GUILLERMO FRANCISCO HERNÁNDEZ MORALES are appointed by majority vote to appear, jointly or separately, before a Notary Public of their choice to record the minutes of this Shareholders’ Meeting, to formalize and execute, in due time, the Resolutions adopted and cause their registration in the corresponding Public Registry of Commerce (Registro Público de Comercio), if necessary.


SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, Cemex, S.A.B. de C.V. has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

     

Cemex, S.A.B. de C.V.

      (Registrant)
Date: March 27, 2026     By:  

/s/ Jaime Martínez Merla

      Name: Jaime Martínez Merla
      Title: Chief Comptroller

FAQ

What dividend did Cemex (CX) approve at the 2026 shareholders’ meeting?

Cemex approved a cash dividend of USD $180,000,000.00 from 2025 profits. It will be paid in four equal installments between June 2026 and March 2027, in USD for ADS holders and in Mexican pesos for local share and CPO holders.

When will Cemex (CX) pay its approved 2025 dividend installments?

The four equal dividend installments are scheduled to start on June 18, 2026, September 17, 2026, December 16, 2026, and March 3, 2027. All installments apply to outstanding shares on each payment date, with local payments converted using Banco de México rates.

How large is Cemex’s new share repurchase authorization from the 2026 meeting?

Shareholders authorized Cemex to use up to USD $500,000,000.00, or its equivalent in Mexican pesos, to repurchase its own shares or related securities. This authorization runs from the 2026 meeting until the next annual ordinary shareholders’ meeting scheduled in 2027.

What director compensation did Cemex (CX) approve for 2026–2027?

Cemex approved gross compensation of MXN $586,000.00 per Board of Directors meeting attended per director. Members of the Audit, Corporate Practices and Finance, and Sustainability-related committees will receive MXN $141,000.00 for each committee meeting they attend during the 2026–2027 period.

Were Cemex’s 2025 financial statements and management reports approved?

Yes. Shareholders approved the 2025 financial statements and related management and board reports, including the CEO’s report, committee reports, accounting policies report, and tax situation report, and ratified all acts of the CEO, Board of Directors, and key committees during fiscal year 2025.

What governance changes did Cemex (CX) make to its Board and committees?

Cemex’s shareholders confirmed a slate of Board members, including independent and non-independent directors, and appointed members and officers of the Audit, Corporate Practices and Finance, and Sustainability, Climate Action, Social Impact and Diversity Committees, all by majority vote with specified but relatively small opposing vote percentages.

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