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 12, 2023
2. SEC Identification Number
CS200411461
3. BIR Tax Identification No.
232-715-069
4. Exact name of issuer as specified in its charter
Megawide Construction Corporation
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
No. 20 N. Domingo Street, Barangay Valencia, Quezon CityPostal Code1112
8. Issuer's telephone number, including area code
(02) 8655-1111
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
2,013,409,717
preferred
92,405,880
11. Indicate the item numbers reported herein
Item 9 Other Events
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.
Megawide Construction CorporationMWIDE
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 of the Board of Directors ("Board") of Megawide Construction Corporation (the "Company")
Background/Description of the Disclosure
On 12 July 2023, the Company's Board held its Organizational Meeting via remote communications. Majority of the members of the Board attended the said meeting.
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
Edgar B. Saavedra
Chairman of the Board/ Chief Executive Officer/ President
1
2
Lodged with PCD Nominee under his name
Manuel Louie B. Ferrer
Vice Chairman of the Board/Executive Director for Infrastructure Development
0
1
Lodged with PCD Nominee under his name
Ramon H. Diaz
Group Chief Financial Officer
0
350,000
Held by family members sharing the same household as Mr. Diaz (349,999); Lodged with PCD Nominee under his name (1)
Corporate Secretary/Assistant Compliance Officer/ Chief Information Officer
0
0
Not Applicable
Sean James B. Borja
Assistant Corporate Secretary
0
0
Not Applicable
List of Committees and Membership
Name of Committees
Members
Position/Designation in Committee
Finance Committee
Ramon H. Diaz
Chairman
Finance Committee
Oliver Y. Tan
Vice Chairman
Finance Committee
Hilario G. Davide, Jr.
Member
Finance Committee
Celso P. Vivas
Member
Audit and Compliance Committee
Celso P. Vivas
Chairman
Audit and Compliance Committee
Hilario G. Davide, Jr.
Vice Chairman
Audit and Compliance Committee
Oliver Y. Tan
Member
Board Risk Oversight Committee
Celso P. Vivas
Vice Chairman
Board Risk Oversight Committee
Edgar B. Saavedra
Member
Board Risk Oversight Committee
Ramon H. Diaz
Member
Board Risk Oversight Committee
Hilario G. Davide, Jr.
Member
Governance, Nominations and Compensation Committee
Hilario G. Davide, Jr.
Chairman
Governance, Nominations and Compensation Committee
Manuel Louie B. Ferrer
Member
Governance, Nominations and Compensation Committee
Celso P. Vivas
Member
Executive Committee
Edgar B. Saavedra
Chairman
Executive Committee
Manuel Louie B. Ferrer
Vice Chairman
Executive Committee
Oliver Y. Tan
Member
Executive Committee
Ramon H. Diaz
Member
List of other material resolutions, transactions and corporate actions approved by the Board of Directors
Hilario G. Davide Jr. was also elected as the Lead Independent Director by the Board. Furthermore, the Board approved the schedule of the Board and Board Committee meetings until the Annual Stockholders Meeting in 2024 is held.
Other Relevant Information
This disclosure was amended to reflect the correct date of the organizational board meeting in the "Background/Description of Disclosure" portion.
Filed on behalf by:
Name
Raymund Jay Gomez
Designation
Chief Legal Officer / Compliance Officer / Data Protection Officer