9. Former name or former address, if changed since last report
NA
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
269,283,709
11. Indicate the item numbers reported herein
ITEM 9 (a) (13)
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.
Makati Finance CorporationMFIN
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 ANNUAL STOCKHOLDERS' MEETING 2023
Background/Description of the Disclosure
Results of the 2023 Annual Stockholders' Meeting of Makati Finance Corporation held on 27 July 2023 via remote communication.
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
Robert Charles M. Lehmann
1
0
N/A
Max Francisco Jose O. Borromeo
45,965
94,446
Held by Rodolfo Herrera, Carmen Mercado, Bernadette Gallego, Corporation and Spouse
Maxcy Francisco Jose R. Borromeo
2,524
0
N/A
Cristino L. Panlilio
1
0
N/A
Joel S. Ferrer
2,712,670
0
N/A
Jose Daniel R. Borromeo
2,525
0
N/A
Alan Michael R. Cruz
1
0
N/A
Asterio L. Favis, Jr.
1
0
N/A
Vincent Ee
0
0
On process to follow
Eric B. Benitez
7,509,958
82,291
Held by a Corporation and Spouse
Irineo A. Cases, Jr.
0
0
On process to follow
External auditor
Isla Lipana & Co – PricewaterhouseCoopers
List of other material resolutions, transactions and corporate actions approved by the stockholders
The Annual Stockholders’ Meeting was held via remote communication. The following were approved by the Stockholders of the Corporation:
a. Minutes of the Annual Stockholders’ Meeting held on 28 July 2022.
b. The 2022 Annual Report and 2022 Audited Financial Statements.
c. Ratification of all acts, contracts, investments, and resolutions of the Board of Directors and Management since the immediately previous Annual Shareholder’s Meeting of 28 July 2022.
d. Elections of Directors of the Corporation. The following were elected as Directors of the Corporation for a term of one (1) year or until their successors shall have been elected:
ROBERT CHARLES M. LEHMANN MAX FRANCISCO JOSE O. BORROMEO MAXCY FRANCISCO JOSE R. BORROMEO CRISTINO L. PANLILIO JOEL S. FERRER JOSE DANIEL R. BORROMEO *ALAN MICHAEL R. CRUZ *ASTERIO L. FAVIS, JR. VINCENT EE ERIC B. BENITEZ *IRINEO A. CASES, JR.
Mr. Alan Michael R. Cruz, Mr. Asterio L. Favis, Jr. and Mr. Irineo A. Cases, Jr. were elected as independent directors.
e. Appointment of Isla Lipana & Co. - PricewaterhouseCoopers as the Corporation’s External Auditor for the Year 2023.
f. Stock Dividends amounting to 0.9944770554% of the outstanding capital stock equivalent to a maximum of 2,677,964.70 shares of stock, to be issued out of the un-issued capital stock to stockholders of record as of 24 August 2023 with a payment date not later than 20 September 2023. Fractional shares of 43.70 shall be paid in cash. The actual stock dividends to be issued may be less than the above indicated shares of stock due to the resulting fractional shares, as of 24 August 2023.
g. Cash Dividends in the amount of Php2,677,964.70 or an equivalent of Php 0.009944770554 per share (0.9944770554%) to stockholders of record as of 24 August 2023 with a payment date of 20 September 2023. Both dividends shall be paid out of the audited net profits of the Corporation as of December 31, 2022.
Makati Finance CorporationMFIN