C03284-2017

SECURITIES AND EXCHANGE COMMISSION SEC FORM 17-C

CURRENT REPORT UNDER SECTION 17 OF THE SECURITIES REGULATION CODE AND SRC RULE 17.2(c) THEREUNDER

  1. Date of Report (Date of earliest event reported)

    May 24, 2017

  2. SEC Identification Number

    31171

  3. BIR Tax Identification No.

    000-168-801

  4. Exact name of issuer as specified in its charter

    PETRON CORPORATION

  5. Province, country or other jurisdiction of incorporation

    Philippines

  6. Industry Classification Code(SEC Use Only)

  7. Address of principal office

    San Miguel Head Office Complex, 40 San Miguel Avenue, Mandaluyong City

    Postal Code

    1550

  8. Issuer's telephone number, including area code

    (63 2) 886-3888, 884-9200

  9. Former name or former address, if changed since last report

    N/A

  10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

    Title of Each Class

    Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding

    COMMON (PCOR)

    9,375,104,497

    PREFERRED SERIES 2A (PRF2A)

    7,122,320

    PREFERRED SERIES 2B (PRF2B)

    2,877,680

    PCOR SERIES A BONDS DUE 2021 (IN MIL PESO)

    13,000

    PCOR SERIES B BONDS DUE 2023 (IN MIL PESO)

    7,000

    TOTAL DEBT AS OF MAR 31, 2017 (IN MIL PESO-CONSO)

    228,163

  11. Indicate the item numbers reported herein

Item 9

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Petron Corporation PCOR

PSE Disclosure Form 4-25 - Results of Organizational Meeting

References: SRC Rule 17 (SEC Form 17-C) and Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Results of the Organizational Meeting held on May 16, 2017

Background/Description of the Disclosure

Results of the Organizational Meeting held on May 16, 2017

List of elected officers for the ensuing year with their corresponding shareholdings in the Issuer

Name of Person

Position/Designation

Shareholdings in the Listed Company

Nature of Indirect Ownership

Direct

Indirect

Eduardo M. Cojuangco, Jr.

Chairman

1,000

0

N/A

Ramon S. Ang

President and Chief Executive Officer

1,000

0

N/A

Lubin B. Nepomuceno

General Manager

5,000

0

N/A

Emmanuel E. Eraña

Senior Vice President and Chief Finance Officer

0

0

N/A

Susan Y. Yu

Vice President, Procurement

0

425,000

Held through a broker

Rowena O. Cortez

Vice President, Supply

8,580

0

N/A

Freddie P. Yumang

Vice President, Refinery

0

73,600

Held through a broker

Archie B. Gupalor

Vice President, National Sales

3,000

0

N/A

Albertito S. Sarte

Vice President and Treasurer

0

1,050,000

Held through a broker

Joel Angelo C. Cruz

Vice President-General Counsel and Corporate Secretary/Compliance Officer

0

0

N/A

Julieta L. Ventigan

Vice President, Business Planning and Development

2,100

0

N/A

Rolando B. Salonga

Vice President, Operations and Corporate Technical Services Group

845

0

N/A

Dennis S. Janson

Assistant Vice President and Controller

163

15,000

Held through a broker

Jhoanna Jasmine M. Javier-Elacio

Assistant Corporate Secretary

0

0

N/A

List of Committees and Membership

Name of Committees

Members

Position/Designation in Committee

Executive Committee

Eduardo M. Cojuangco, Jr.

Chairman

Executive Committee

Ramon S. Ang

Member

Executive Committee

Lubin B. Nepomuceno

Member

Executive Committee

Aurora T. Calderon

Alternate Member

Executive Committee

Virgilio S. Jacinto

Alternate Member

Audit Committee

Reynaldo G. David

Chairman (Independent Director)

Audit Committee

Margarito B. Teves

Member (Independent Director)

Audit Committee

Artemio V. Panganiban

Member (Independent Director)

Audit Committee

Estelito P. Mendoza

Member

Audit Committee

Aurora T. Calderon

Member

Audit Committee

Ferdinand K. Constantino

Advisor

Risk Oversight Committee

Artemio V. Panganiban

Chairman (Independent Director)

Risk Oversight Committee

Reynaldo G. David

Member (Independent Director)

Risk Oversight Committee

Aurora T. Calderon

Member

Corporate Governance Committee

Margarito B. Teves

Chairman (Independent Director)

Corporate Governance Committee

Reynaldo G. David

Member (Independent Director)

Corporate Governance Committee

Artemio V. Panganiban

Member (Independent Director)

Corporate Governance Committee

Estelito P. Mendoza

Member

Corporate Governance Committee

Virgilio S. Jacinto

Member

Related Party Transaction Committee

Margarito B. Teves

Chairman (Independent Director)

Related Party Transaction Committee

Reynaldo G. David

Member (Independent Director)

Related Party Transaction Committee

Aurora T. Calderon

Member

List of other material resolutions, transactions and corporate actions approved by the Board of Directors

None.

Other Relevant Information

Please see attached letter dated May 16, 2017 disclosing the following matters approved at the Organizational Meeting held on the same date: (1) appointment of Board Committee members and Lead Independent Director, and (2) election of officers.

The shareholdings set out in this template cover common shareholdings of the executive officers and the Assistant Corporate Secretary. Attached likewise is a list of the preferred shareholdings of the executive officers and the Assistant Corporate Secretary.

Further to our disclosure dated May 16, 2017, this amendment covered by the attached letter dated May 24, 2017 relates to the advice that the Personal Data Privacy Policy and the charters of the board committees of the Company were also approved during the organizational meeting.

Filed on behalf by:

Name

Jhoanna Jasmine Javier-Elacio

Designation

Legal Manager and Assistant Corporate Secretary

Petron Corporation published this content on 24 May 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 25 May 2017 03:24:18 UTC.

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