TS · Tenaris S.A.

This 6-K reports the outcomes of Tenaris’s Annual and Extraordinary General Meetings held on May 12, 2026 — a HIGH materiality event due to the comprehensive approval of core corporate governance, financial, and capital allocation decisions. The approval of the 2025 consolidated financial statements and sustainability statement confirms regulatory compliance and validates the integrity of audited results, while the appointment of Forvis Mazars as statutory auditor for FY2026 ensures continuity in external oversight. The $0.89 per share annual dividend — representing a substantial $0.9 billion aggregate payout — signals strong cash generation and shareholder return discipline; the $0.60 balance payable on May 20 reinforces near-term liquidity confidence. The cancellation of 62.36 million treasury shares reduces share capital by $62.36 million and reflects execution of the third buyback program (June 2025–March 2026), supporting EPS accretion and capital efficiency. Board re-election and CEO confirmation provide stability in leadership, with the audit committee composition reinforcing governance rigor through fully independent oversight. Collectively, these actions affirm financial stewardship, strategic continuity, and alignment with long-term shareholder interests — particularly relevant for investors assessing capital allocation policy, governance quality, and earnings sustainability in the energy infrastructure sector.