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
7,142,857,990
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.
D&L Industries, Inc.DNL
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 of the Board of Directors of D&L Industries, Inc. held via video conferencing today, 5 June 2023
Background/Description of the Disclosure
Results of the organizational meeting of the Board of Directors of D&L Industries, Inc. held via video conferencing today, 5 June 2023
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
Dean L. Lao
Chairman Emeritus
1,081,600
42,059
Jadel Holdings Co., Inc. and SmartWorks Trading Co., Inc.
Yin Yong L. Lao
Chairman
32,993,601
14,780,566
Jadel Holdings Co., Inc. and CEE Industries, Inc.
John L. Lao
Vice-Chairman
71,797,202
8,450,178
Jadel Holdings Co., Inc., Jadana, Inc. and Prime Spin, Inc.
Alvin D. Lao
President and CEO
11,053,000
1,931,578
Allvee United, Inc., Jadana, Inc., Prime Spin, Inc. and SmartWorks Trading Co., Inc.
Franco Diego Q. Lao
Treasurer, CFO, Compliance Officer
1,279,000
18,891,174
Jadana, Inc.
Kristine Ann C. Catindig-Ong
Corporate Secretary, Corporate Information Officer, Corporate Legal Counsel
326,000
0
N/A
Ainslee Anne T. Lao
Assistant Corporate Secretary
1,383,600
18,424,611
Jadana, Inc.
Dean A. Lao, Jr.
President and CEO of Chemrez Technologies, Inc.
1,763,000
2,298,057
Hansevian, Inc. and Smartworks Trading Co., Inc.
Lester A. Lao
President and CEO of First in Colours, Incorporated and D&L Polymer and Colours, Inc.
1,023,000
42,682,872
Hansevian, Inc., Prime Spin, Inc. and Smartworks Trading Co., Inc.
Vincent D. Lao
President and CEO of Oleo-Fats, Incorporated
6,668,000
1,931,520
Allvee United, Inc. and SmartWorks Trading Co., Inc.
List of Committees and Membership
Name of Committees
Members
Position/Designation in Committee
Executive Committee
Yin Yong L. Lao
Chairperson
Executive Committee
John L. Lao
Member
Executive Committee
Alvin D. Lao
Member
Executive Committee
Dean A. Lao Jr.
Member
Executive Committee
Vincent D. Lao
Member
Executive Committee
Lester A. Lao
Member
Executive Committee
Franco Diego Q. Lao
Member
Audit Committee
Corazon S. de la Paz-Bernardo
Chairperson
Audit Committee
Mercedita S. Nolledo
Member
Audit Committee
Lydia R. Balatbat-Echauz
Member
Audit Committee
Karl Kendrick T. Chua
Member
Corporate Governance Committee
Mercedita S. Nolledo
Chairperson
Corporate Governance Committee
Lydia R. Balatbat-Echauz
Member
Corporate Governance Committee
Corazon S. de la Paz-Bernardo
Member
Corporate Governance Committee
Yin Yong L. Lao
Member
Risk Oversight and Sustainability Committee
Lydia R. Balatbat-Echauz
Chairperson
Risk Oversight and Sustainability Committee
Corazon S. de la Paz-Bernardo
Member
Risk Oversight and Sustainability Committee
Karl Kendrick T. Chua
Member
Risk Oversight and Sustainability Committee
Alvin D. Lao
Member
Risk Oversight and Sustainability Committee
John L. Lao
Member
Advisory Board
Dean L. Lao
Member
Advisory Board
Leon L. Lao
Member
Advisory Board
Alex L. Lao
Member
List of other material resolutions, transactions and corporate actions approved by the Board of Directors
- Appointment of Lead Independent Director - Atty. Mercedita S. Nolledo. - The Board resolved to abolish the position of Chief Operations Officer (COO) simultaneous with the retirement of Mr. Joselito P. Rivera, which coincided with the end of his term as COO. - The Audit Committee will perform the functions of the Related Party Transactions Committee. - The Corporate Governance Committee will perform the functions of the Nomination Committee and Compensation/Remuneration Committee. - The Risk Oversight Committee will be renamed Risk Oversight and Sustainability Committee to highlight the committee’s assumption of functions related to environment and sustainability initiatives.
D&L Industries, Inc.DNL