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 12, 2023
2. SEC Identification Number
PW-998
3. BIR Tax Identification No.
000-410-269-000
4. Exact name of issuer as specified in its charter
MACAY HOLDINGS, INC.
5. Province, country or other jurisdiction of incorporation
METRO MANILA, PHILIPPINES
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
137 YAKAL STREET SAN ANTONIO VILLAGE MAKATI CITYPostal Code1203
8. Issuer's telephone number, including area code
+632-8893-0733
9. Former name or former address, if changed since last report
-
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
1,068,393,223
11. Indicate the item numbers reported herein
-
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.
Macay Holdings, Inc.MACAY
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
Background/Description of the Disclosure
Macay Holdings, Inc. held its Annual Stockholders Meeting (ASM) virtually from Makati City on the 11th of OCTOBER 2023 at 2:00 pm during which the members of its Board of Directors, its external auditor and its inspectors of election (until the close of the next annual meeting) and other matters were elected.
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
ALFREDO M. YAO
1
0
-
ARMANDO M. YAO
1
0
-
JEFFREY S. YAO
1
0
-
MARY GRACE S. YAO
1
0
-
ANTONIO I. PANAJON
1
7,539,900
Held by a corporation of which Mr. Panajon is a shareholder
GERARDO T. GARCIA
1
6,283,200
Held by a corporation of which Mr. Garcia is a shareholder
RINALDI C. AVES
1
5,026,000
Held by a corporation of which Mr. Aves is a shareholder
ROBERTO A. ATENDIDO
1
0
-
ALBERT S. TORIBIO
7,649,901
0
-
FELICISIMO M. NACINO, JR.
100
0
-
JOSE B. AVELLANA, JR.
100
0
-
VALENTIN T. CHUA
22,560
0
-
CAROLYN S. YAO
1
0
-
External auditor
SYCIP GORRES VELAYO & CO. (SGV & CO.)
List of other material resolutions, transactions and corporate actions approved by the stockholders
1. Meeting was called to order and a quorum was confirmed.
2. The minutes of the Annual Stockholders' Meeting of the Company held on 28th of July 2022 was approved.
3. The Consolidated 2022 Annual Report and consolidated first half of 2023 was presented
4. The stockholders ratified all acts, transactions and resolutions of the Board of Directors and the Management from the date of 2022 Annual Stockholders' Meeting up to the date of the 2023 Annual Stockholders' Meeting.
5. The stockholders approved the appointment of Katherine Y. Pura and Gabriel A. Dee as election inspectors until the close of the next Annual Stockholders' Meeting.
6. Upon the recommendation of the Audit Committee, the stockholders resolved to appoint Sycip Gorres Velayo & Co. (SGV & Co.) as the Company's independent external auditors for the audit period 2023
7. The following were elected directors of the Company for 2023 to 2024 a. Alfredo M. Yao b. Armando M. Yao c. Carolyn S. Yao d. Jeffrey S. Yao e. Mary Grace S. Yao f. Antonio I. Panajon g. Gerardo T. Garcia h. Rinaldi C. Aves i. Roberto A. Atendido j. Albert S. Toribio k. Valentin T. Chua - Independent Director l. Felicisimo M. Nacino, Jr. - Independent Director m. Jose B. Avellana, Jr. – Independent Director
8. Approval of the cash option of the property dividend and to use Php2.15 per share as the market value of the ARC shares, as determined by an SEC-accredited independent third-party valuer, to compute the equivalent cash value to be paid to shareholders who will receive cash in lieu of the ARC shares. With the entitlement ratio of 0.936 share of ARC for every one share of Macay the equivalent cash option is Php2.0124 per share of Macay held by the shareholder.
Macay Holdings, Inc.MACAY