C07052-2023

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 21, 2023
2. SEC Identification Number
A1887-13456
3. BIR Tax Identification No.
005-029-401-000
4. Exact name of issuer as specified in its charter
Concepcion Industrial Corporation
5. Province, country or other jurisdiction of incorporation
Metro Manila, Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
308 Sen. Gil Puyat Ave., Makati City Postal Code 1209
8. Issuer's telephone number, including area code
87721819
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 Shares 397,912,491
11. Indicate the item numbers reported herein
Items 4 and 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.

Concepcion Industrial Corporation CIC

PSE Disclosure Form 4-30 - Material Information/Transactions References: SRC Rule 17 (SEC Form 17-C) and
Sections 4.1 and 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Approval of Appointment of Chief Executive Officer, Amendments to By-Laws and Notice of Special Stockholders' Meeting
Background/Description of the Disclosure

We disclose that at the Special Meeting of the Board of Directors of Concepcion Industrial Corporation (the “Board” and “Company”, respectively) held on September 21, 2023, the Board approved the following:

1. The appointment of Mr. Isaias Ariel Fermin as Chief Executive Officer (CEO) of the Company effective January 1, 2024. Mr. Fermin has held senior leadership positions at renowned multinational companies such as Procter & Gamble, Coca-Cola, Unilever, and Nike, as well as local publicly-listed companies Max’s Group Inc (MGI), Jollibee Foods and PLDT. His extensive background covers brand management, product development, retail and sales operations, supply chain management, and general management. He obtained his degree in Chemical Engineering from the University of the Philippines in Diliman.

The Board’s decision to split the roles of CEO and Chairman aligns with its thrust to follow best governance practice which will contribute to unbiased strategic decisions and improve Board independence. It demonstrates the Board’s unwavering commitment to strengthen the Company’s corporate governance framework and ensure the highest standards of leadership within the organization.

Please see attached press release for full details;

2. The Amendment of Article II and Article IV of the By-Laws summarized in the attached Annex A;

3. To call for a special meeting of the stockholders for the purpose of securing the approval of the proposed amendments to the By-Laws and confirmed the following items in connection therewith:

(a) The Special Stockholders Meeting will be held on November 21, 2023 at 10am via remote communication and voting in absentia is expressly authorized (“Special Meeting”).

(b) The record date for stockholders entitled to notice of, and to vote at the Special Meeting is October 5, 2023.

(c) The last day for filing proxies in connection with the Special Meeting is November 11, 2023.
Other Relevant Information

Please refer to the attached report.
Filed on behalf by:
Name Ria Carmela Cruz
Designation Legal Counsel