SECURITIES AND EXCHANGE COMMISSIONSEC 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) Mar 25, 20222. SEC Identification Number 52133. BIR Tax Identification No. 000-917-9164. Exact name of issuer as specified in its charter GMA Network, Inc.5. Province, country or other jurisdiction of incorporation Philippines6. Industry Classification Code(SEC Use Only) 7. Address of principal office GMA Network Center, EDSA corner Timog Avenue, Diliman, Quezon CityPostal Code11038. Issuer's telephone number, including area code (632) 8982-77779. Former name or former address, if changed since last report -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
Preferred Shares
7,500,000,000
Common Shares
3,364,692,000
11. Indicate the item numbers reported herein -
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.
GMA Network, Inc.GMA7
PSE Disclosure Form 4-4 - Amendments to By-Laws References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules
Subject of the Disclosure
Amendments to By-Laws
Background/Description of the Disclosure
We wish to inform you that our Board of Directors approved the amendments to our By-Laws today.
Date of Approval by Board of Directors
Mar 25, 2022
Date of Approval by Stockholders
N/A
Other Relevant Regulatory Agency, if applicable
-
Date of Approval by Relevant Regulatory Agency, if applicable
N/A
Date of Approval by Securities and Exchange Commission
TBA
Date of Receipt of SEC approval
TBA
Amendment(s)
Article and Section Nos.
From
To
The attached Annex "A" provides a summary of the approved changes in the By-Laws.
-
-
Rationale for the amendment(s)
The amendments are made pursuant to the Revised Corporation Code, to digitalize certain governance processes, to correct clerical errors by reinstating By-laws provisions previously approved by the SEC and to amend and update the list of officers of the Company and their functions. Please refer to Annex "A" for the reasons for the changes.
The timetable for the effectivity of the amendment(s)
Expected date of filing the amendments to the By-Laws with the SEC
TBA
Expected date of SEC approval of the Amended By-Laws
TBA
Effect(s) of the amendment(s) to the business, operations and/or capital structure of the Issuer, if any
None
Other Relevant Information
Given that the Company's stockholders have delegated to the Board of Directors the authority to amend the By-Laws, the amendments shall become effective upon approval by the Securities and Exchange Commission (SEC). This matter will be presented to our stockholders at the annual stockholders meeting on May 18, 2022 as part of the resolutions of our Board for ratification.
We will submit the appropriate disclosure upon approval of the SEC of the amendment.
Filed on behalf by:
Name
Ayahl Ari Augusto Chio
Designation
First Vice President
Attachments
Original Link
Original Document
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Disclaimer
GMA Network Inc. published this content on 25 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 March 2022 05:05:03 UTC.
GMA Network, Inc. is a Philippines-based media broadcasting company primarily involved in the business of radio and television broadcasting. The Company is also involved in film production and other information and entertainment-related businesses. Its segments include Television and Radio, International Subscription and Other businesses. The Television and Radio segment is engaged in television and radio broadcasting activities. The International Subscription segment is engaged in subscription arrangements with international cable companies. Its Other businesses segment includes movie production, consumer products and other services. Its subsidiaries include Alta Productions Group, Inc. (Alta), which operates pre and post-production services; GMA Network Films, Inc, which is engaged in film production; GMA New Media, Inc., which is engaged in converging technology, and RGMA Marketing and Productions, Inc., which is engaged in music recording, publishing and video distribution.