C03284-2017
SECURITIES AND EXCHANGE COMMISSION SEC FORM 17-CCURRENT REPORT UNDER SECTION 17 OF THE SECURITIES REGULATION CODE AND SRC RULE 17.2(c) THEREUNDER
Date of Report (Date of earliest event reported)
May 24, 2017
SEC Identification Number
31171
BIR Tax Identification No.
000-168-801
Exact name of issuer as specified in its charter
PETRON CORPORATION
Province, country or other jurisdiction of incorporation
Philippines
Industry Classification Code(SEC Use Only)
Address of principal office
San Miguel Head Office Complex, 40 San Miguel Avenue, Mandaluyong City
Postal Code
1550
Issuer's telephone number, including area code
(63 2) 886-3888, 884-9200
Former name or former address, if changed since last report
N/A
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
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 PCORPSE Disclosure Form 4-25 - Results of Organizational Meeting
References: SRC Rule 17 (SEC Form 17-C) and Section 4.4 of the Revised Disclosure RulesSubject 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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