Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On March 15, 2022, the board of directors of Tecnoglass Inc. (the "Company")
approved the following compensation arrangements for 2022 for each of Jose Daes,
the Company's Chief Executive Officer, Christian Daes, the Company's Chief
Operating Officer, and Santiago Giraldo, the Company's Chief Financial Officer:
(i) with respect to each of Messrs. Daes and Daes, a base salary of $2,100,000
plus a bonus of up to $735,000; and (ii) with respect to Mr. Giraldo, a base
salary of $444,000 and a performance bonus of up to $155,400 per year. Each of
the bonuses will be based on the Company's 2022 financial performance and
achievement of certain to-be-agreed upon targets throughout the year.
Item 7.01 Regulation FD Disclosure.
On March 17, 2022, the Company issued a press release announcing the completion
of the review by the Special Committee established by the Company's board of
directors to assess the allegations in a short seller report issued on December
9, 2021. A copy of the press release is included as Exhibit 99.1 hereto.
The information furnished under this Item 7.01, including the exhibit related
thereto, shall not be deemed "filed" for purposes of Section 18 of the
Securities Exchange Act of 1934, nor shall it be deemed incorporated by
reference in any disclosure document of the Company, except as shall be
expressly set forth by specific reference in such document.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. Description
99.1 Press release dated March 17, 2022.
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document)
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TECNOGLASS INC. 
