C05700-2016

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

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 6, 2016
2. SEC Identification Number
184228
3. BIR Tax Identification No.
000-275-291
4. Exact name of issuer as specified in its charter
MRC ALLIED INC.
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
5/F Eurovilla 4 Bldg. 853 A Arnaiz Avenue Makati City Postal Code 1223
8. Issuer's telephone number, including area code
02 846 7910
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 Stock 8,512,658,975
11. Indicate the item numbers reported herein
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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.

MRC Allied, Inc.MRC

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

MRC's Annual Stockholders Meeting.
Background/Description of the Disclosure

Result of MRC's Annual Stockholders Meeting held at the Manila Polo Club Mckinley Road Forbes Park Makati City
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
Benjamin M. Bitanga 1 413,562 Beneficial
Jimmy T. Yaokasin 1 0 -
Bernard B. Rabanzo 1,000 0 -
Joel D. Muyco 1 0 -
Michael B. Arciso 1 0 -
Edwin Monzon 1,000 0 -
Margareth P. Reyes-Mendoza 1 0 -
External auditor Reyes Tacandong & Company
List of other material resolutions, transactions and corporate actions approved by the stockholders

1. The minutes of the previous meeting of the stockholders held on 30 June 2016 at the Manila Polo Club, McKinley Road, Forbes Park, Makati City was approved and confirmed;

2. The Management Report prepared by the Board of Director was approved and confirmed;

3. The 2015 Audited Financial Statement of the Corporation was approved and confirmed;

4. The acts, proceedings, transactions, and agreements, authorized by and entered into by the Board of Directors and officers of the corporation, for and on behalf of the Corporation from the last annual stockholders’ meeting to date were also approved, confirmed and ratified;

5. The firm Reyes Tacandong & Company was appointed as external auditors of the Corporation;

6. The following were nominated and elected as members of the Board of Directors of the Company: Benjamin M. Bitanga, Jimmy Tiu Yaokasin, Bernard B.

Rabanzo, Atty. Margareth P. Reyes-Mendoza, Edwin Monzon, Atty. Michael B. Arciso (Independent Director) and Engr. Joel Muyco (Independent Director);


7. The approval of the following:

a.) The amendments of Article I of Articles of Incorporation to change the company name from MRC Allied Inc. to MRC Inc.;
b.) Amendment of Article III of the Articles of Incorporation, to change company’s 8th Floor Asian Star Bldg., Asean Drive Filinvest Corporate Center Alabang Muntinlupa City;

c.) Amendment of Article VII of the Articles of Incorporation to increase in Authorized Capital Stock from PHP1,500,000,000.00 up to PHP5,000,000,000.00 and

d.) Acquisition of Renewable Power Generating Facilities through its own or its subsidiary.

8. During the organizational meeting of the new Board of Directors held immediately after the stockholders’ meeting, the following officers were elected:

Chairman/President - Benjamin M. Bitanga
Vice-Chairman - Jimmy T. Yaokasin
Treasurer - Cherrie Marie Lacsi
Corporate Secretary - Atty. Jan Vincent S. Soliven

The Board then appointed the following directors as members of the Board Committees:

Audit Committee:

Chairman: Joel Muyco (Independent Director)
Members: Edwin Monzon
Jimmy T. Yaokasin
Bernard Rabanzo

Nominations and Compensation Committee:

Chairman: Atty. Michael B. Arciso (Independent Director)
Members: Benjamin M. Bitanga, Jimmy Tiu Yaokasin

The Board also elected Bernard Rabanzo as the Corporation’s Compliance Officer under the Corporate Governance Manual.
Other Relevant Information

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Filed on behalf by:
Name Bernard Rabanzo
Designation Director