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
-
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D&L Industries, Inc.DNL
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
Increase in Director's Fees
Background/Description of the Disclosure
Please be advised that at the annual meeting of the stockholders of D&L Industries, Inc. (the “Corporation”) held today, 05 June 2023, via videoconferencing, the stockholders approved and ratified the increase in Director’s fees as detailed below:
Chairman of the Board - from Php/60,000.00 per director per meeting to Php/60,000.00 per director per meeting Board Member - from Php/50,000.00 per director per meeting to Php/60,000.00 per director per meeting Committee Chairman - from Php/35,000.00 per director per meeting to Php/50,000.00 per director per meeting Committee Member - from Php/25,000.00 per director per meeting to Php/40,000.00 per director per meeting Annual Retainer - from None to Php/500,000.00 one-time fee per director
The above-described increase in Director’s Fees was previously approved by the Board of Directors in its Meeting on 04 May 2023.