C07018-2023

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)
Sep 20, 2023
2. SEC Identification Number
36359
3. BIR Tax Identification No.
000-438-702-000
4. Exact name of issuer as specified in its charter
BASIC ENERGY CORPORATION
5. Province, country or other jurisdiction of incorporation
MANDALUYONG CITY
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
GM Building, Florida St., Barangay Wack-Wack, Greenhills East, Mandaluyong City Postal Code 1556
8. Issuer's telephone number, including area code
(+63) 7917-8118
9. Former name or former address, if changed since last report
UB 111 Paseo de Roxas Bldg., Paseo de Roxas Avenue, Legaspi Village, Makati City
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 Shares 14,668,643,064
11. Indicate the item numbers reported herein
Item No. 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.

Basic Energy CorporationBSC

PSE Disclosure Form 4-24 - Results of Annual or Special Stockholders' Meeting References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Results of Basic Energy Corporation's Annual Stockholders Meeting - 20 September 2023
Background/Description of the Disclosure

In the Annual Stockholders Meeting of the corporation held on September 20, 2023, the following were approved, confirmed, and ratified by the stockholders representing 76.51% of the outstanding and subscribed shares as follows:

1. Minutes of the Meeting of the 2022 Annual Stockholders Meeting held on August 31, 2022

2. President's Report with highlights of the 2022 Consolidated Audited Financial Statements

3. All acts of the Board of Directors and Management during the term 2022-2023

4. Amendment of the Amended By-Laws of the Corporation pertaining to - Article I Sections 1 to 6; Article II Sections 1, 5, 6, 8 and 9; Article II Section 11; Article II-A Sections 1 to 6; Article III Sections 1 and 11; Article III Section 13; Article V Sections 1 and 2; Article VII and Article X;

5. Appointment of Reyes Tacandong & Co. as the external auditors for the 2023 Financial Statements of the Company and appointment of Mr. Joseph C. Bilangbilin and Mr. Manuel P. Buensuceso as the engagement partners.

6. Election of the members of Board of Directors 2023-2024 as follows:

1. Ramon F. Villavicencio
2. Manuel Z. Gonzalez
3. Ramon L. Mapa
4. Oscar L. De Venecia Jr.
5. Beatrice Jane L. Ang
6. Maria Rosette Geraldine L. Oquias
7. Jaime J. Martirez
8. Luisito V. Poblete
9. Kim S. Jacinto-Henares (Independent Director)
10. Andres B. Reyes Jr. (Independent Director)
List of elected directors for the ensuing year with their corresponding shareholdings in the Issuer
Name of Person Shareholdings in the Listed Company Nature of Indirect Ownership
Direct Indirect
RAMON F. VILLAVICENCIO 10,000 0 not applicable
MANUEL Z. GONZALEZ 1 0 not applicable
RAMON L. MAPA 268,311 15,074,249 LODGED WITH BROKER
OSCAR L. DE VENECIA JR. 200,000 45,681,330 LODGED WITH BROKER
BEATRICE JANE L. ANG 1,000 150,944,248 LODGED WITH BROKER
MARIA ROSETTE GERALDINE L. OQUIAS 1 0 not applicable
JAIME J. MARTIREZ 1 467,499,999 LODGED WITH BROKER
LUISITO V. POBLETE 10,000 0 not applicable
KIM S. JACINTO-HENARES 1 0 not applicable
ANDRES B. REYES JR. 10,000 0 not applicable
External auditor Reyes Tacandong & Co
List of other material resolutions, transactions and corporate actions approved by the stockholders

the following other material resolutions were approved, confirmed, and ratified by the stockholders representing 76.51% of the outstanding and subscribed shares as follows:

1. Minutes of the Meeting of the 2022 Annual Stockholders Meeting held on August 31, 2022

2. President's Report with highlights of the 2022 Consolidated Audited Financial Statements

3. All acts of the Board of Directors and Management during the term 2022-2023

4. Amendment of the Amended By-Laws of the Corporation pertaining to - Article I Sections 1 to 6; Article II Sections 1, 5, 6, 8 and 9; Article II Section 11; Article II-A Sections 1 to 6; Article III Sections 1 and 11; Article III Section 13; Article V Sections 1 and 2; Article VII and Article X;
Other Relevant Information

none
Filed on behalf by:
Name Dominique Pascua
Designation Compliance Officer