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)
Oct 27, 2023
2. SEC Identification Number
1093
3. BIR Tax Identification No.
240-000-531-126
4. Exact name of issuer as specified in its charter
CENTRO ESCOLAR UNIVERSITY
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
9 Mendiola St. San Miguel ManilaPostal Code1005
8. Issuer's telephone number, including area code
(02)87356861 to 71
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
CEU
372,414,400
11. Indicate the item numbers reported herein
Item 9. Other matters
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.
Centro Escolar UniversityCEU
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
Background/Description of the Disclosure
During the Organizational Meeting held immediately after the Annual Stockholders Meeting of CEU held in the afternoon of 27 October 2023, the Board of Directors of CEU elected amongs themselves the Board Officers, Appointed the Corporate Officers, and Organized the Board Committees listed below.
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
Mr. Basilio C. Yap
Chairman
1,001
0
N/A
Dr. Ma. Cristina D. Padolina
Vice Chairman
38,316
0
N/A
Atty. Sergio F. Apostol
Corporate Secretary
0
0
N/A
Mr. Cesar F. Tan
Assistant Corporate Secretary
19,735
0
N/A
Dr, Emil Q. Javier
Lead Independent Director
1
0
N/A
Dr. Ma. Cristina D. Padolina
President and Chief Academic Officer
38,316
0
N/A
Dr. Teresa R. Perez
Senior Vice President for Academics
3,226
0
N/A
Dr. Maria Clara Perlita Erna V. Yabut
Vice President Research Innovation and Institutional Development/Corporate Information Officer
4,000
0
N/A
Mrs. Ma. Rolina S. Servitillo
Vice President Administration and Accounting
0
0
N/A
Dr. Carlito B. Olaer
Vice President Student Affairs
0
0
N/A
Dr. Ma. Flordeliza L. Anastacio
Vice President CEU Malolos
1,302
0
N/A
Dr. Pearly P. Lim
Vice President CEU Makati
2,366
0
N/A
Dr. Rhoda C. Aguilar
University Registrar
0
0
N/A
Mr. Cesar F. Tan
Treasurer
19,735
0
N/A
Ms. Corazon M. Tiongco
Head Purchasing Department
10,115,904
0
N/A
Mr. Jericho P. Orlina
AVP Business Affairs
0
0
N/A
Dr. Bella Marie L. Fabian
AVP Administration
0
0
N/A
Ms. Bernardita T. Traje
Assistant Controller
753
0
N/A
Justice Josue N. Bellosillo
Corporate Counsel
0
0
N/A
Atty. Rita Linda V. JImeno
Assistant Corporate Counsel
0
0
N/A
Atty. Jayson OS Ramos
Complaince Officer/Data Privacy Officer
0
0
N/A
List of Committees and Membership
Name of Committees
Members
Position/Designation in Committee
Audit and Risk Committee
Emil Q. Javier
Chairman
Audit and Risk Committee
Mr. Lope M. Yuvienco
Member
Audit and Risk Committee
Dr. Alejandro C. Dizon
Mamber
Audit and Risk Committee
Atty. Sergio F. Apostol
Secretary
Nomination Committee
Dr. Ma. Cristina D. Padolina
Chairman
Nomination Committee
Emil Q. Javier
Member
Nomination Committee
Ma. Corazon M. Tiongco
Member
Nomination Committee
Atty. Sergio F. Apostol
Secretary
Remuneration Committee
Mr. Lope M. Yuvienco
Chairman
Remuneration Committee
Dr. Ma. Cristina D. Padolina
Member
Remuneration Committee
Emil Q. Javier
Member
Remuneration Committee
Atty. Sergio F. Apostol
Secretary
Procurement Committee
Ma. Corazon M. Tiongco
Chairman
Procurement Committee
Dr. Bella Marie Fabian
Assistant Chairman
Procurement Committee
Dr. Teresa R. Perez
Member
Procurement Committee
Mr. Cesar F. Tan
Member
List of other material resolutions, transactions and corporate actions approved by the Board of Directors
1. Board approved the appointment of Lead Independent Director since the elected Chairman of the BOD is not an Independent Director. 2. The Board filled up the Remuneration Committee, a committee provided for the Code of Corporate Governance of CEU but was vacant in the past. 3. The Board approved the renaming of the Audit Committee to "Audit and Risk Committee" in order to formalize its risk oversight functions. 4. The corresponding changes in CEU's Code of Corporate Governance to reflect the above-listed acts were approved.
Before the meeting concluded, all members of the Board, Board Officers, and Corporate Officers were reminded to disclose with the Compliance Officer any related party transaction, or potential conflict of interest. The Board was also reminded to report any change in shares within 3 days, and were reminded of the University's adoption of the SRC provisions on insider trading.
Centro Escolar UniversityCEU