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)
Jul 26, 2023
2. SEC Identification Number
51048
3. BIR Tax Identification No.
000-053-167-000
4. Exact name of issuer as specified in its charter
FILINVEST DEVELOPMENT CORPORATION
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
The Beaufort, 5th Avenue corner 23rd St., Bonifacio Global City, Taguig City, Metro ManilaPostal Code1634
8. Issuer's telephone number, including area code
77983977
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, P1.0 par value
8,648,462,987
11. Indicate the item numbers reported herein
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.
Filinvest Development CorporationFDC
PSE Disclosure Form 4-8 - Change in Directors and/or Officers (Resignation/Removal or Appointment/Election) References: SRC Rule 17 (SEC Form 17-C) and Section 4.4 of the Revised Disclosure Rules
Subject of the Disclosure
Resignation of Director, Election of Director, Resignation of Officer, Appointments of Directors and Officers, Promotions.
Background/Description of the Disclosure
Please be advised that during the Regular Meeting of the Board of Directors of Filinvest Development Corporation (“Company”) held on July 26, 2023, the Board of Directors:
(1) accepted the resignation of Ms. Claire Huang as Director of the Company effective immediately; (2) accepted the resignation of Mrs. Josephine Gotianun-Yap as President & CEO of the Company effective August 1, 2023; (3) elected Ms. Rhoda A. Huang as Director of the Company and member of the Executive Committee effective immediately; (4) appointed Ms. Rhoda Huang as President & CEO of the Company effective August 1, 2023; (5) created the Vice-Chairman post in the Company and appointed Mrs. Gotianun-Yap to occupy the said position effective August 1, 2023; (6) appointed Mr. Brian T. Lim as Treasurer & CFO effective July 31, 2023 to replace Ms. Elsie D. Paras whose resignation was disclosed to the PSE last July 4, 2023. (7) noted the appointment of Retired Vice Admiral Rommel Anthony Reyes as Company Group Security Head and (8) noted the promotions of Mr. Francis Nathaniel C. Gotianun, First Senior Vice President, Hotels and Resorts Head, Ms. Sheriben Marie D. Paraguas, First Vice President, Group HR Strategy and Center of Excellence Head, and Michael Louie T. Garado, Senior Assistant Vice President, Internal Audit Head.
Resignation/Removal or Replacement
Name of Person
Position/Designation
Effective Date of Resignation/Cessation of term (mmm/dd/yyyy)
Reason(s) for Resignation/Cessation
Claire Huang
Director
JUL/26/2023
Potential conflict of interest due to being related to incoming President & CEO.
Josephine Gotianun-Yap
President & CEO
AUG/1/2023
Aligned with Company’s succession planning and plans for future growth.
Election or Appointment
Name of Person
Position/Designation
Date of Appointment/Election (mmm/dd/yyyy)
Effective Date of Appointment Election (mmm/dd/yyyy)
Shareholdings in the Listed Company
Nature of Indirect Ownership
Direct
Indirect
Rhoda A. Huang
Director
JUL/26/2023
JUL/26/2023
1
-
N/A
Rhoda A. Huang
Member, Executive Committee
JUL/26/2023
JUL/26/2023
1
-
N/A
Rhoda A. Huang
President & CEO
JUL/26/2023
AUG/1/2023
1
-
N/A
L. Josephine Gotianun-Yap
Vice Chairman
JUL/26/2023
AUG/1/2023
6,187,402
9,395,522
Held through brokers/PCD
Brian T. Lim
Treasurer & CFO
JUL/26/2023
JUL/31/2023
-
-
N/A
Rommel Anthony Reyes
Group Security Head
JUL/26/2023
JUL/26/2023
-
-
N/A
Promotion or Change in Designation
Name of Person
Position/Designation
Date of Approval (mmm/dd/yyyy)
Effective Date of Change (mmm/dd/yyyy)
Shareholdings in the Listed Company
Nature of Indirect Ownership
From
To
Direct
Indirect
Francis Nathaniel C. Gotianun
Senior Vice President
First Senior Vice President
JUL/26/2023
JUL/26/2023
1
-
N/A
Sheriben Marie D. Paraguas
Vice-President
First Vice-President
JUL/26/2023
JUL/26/2023
-
-
N/A
Michael Louie T. Garado
Chief Audit Executive
Senior Assistant Vice President
JUL/26/2023
JUL/26/2023
-
-
N/A
Other Relevant Information
Please see attached SEC Form 17-C.
Filed on behalf by:
Name
Lindeza Gavino
Designation
Corporate Secretary and Corporate Information Officer