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)
Jan 3, 2017
2. SEC Identification Number
184228
3. BIR Tax Identification No.
049-000-275-291
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 Ave., Makati City, Postal Code1223
8. Issuer's telephone number, including area code
02 846-7910
9. Former name or former address, if changed since last report
5/F Eurovilla 4 Bldg. 853 A Arnaiz Avenue Makayi City
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
8,512,658,975
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.
MRC Allied, Inc.MRC
PSE Disclosure Form 4-8 - Change in Directors and/or Officers (Resignation/Removal or Appointment/Election) References: SRC Rule 17 (SEC Form 17-C) and Section 4.4 of the Revised Disclosure Rules
Subject of the Disclosure
Resignation and Election of New President.
Background/Description of the Disclosure
During the meeting the Board of Directors elected Ms. Gladys N. Nalda as a member of the Board of Directors to replace Mr. Monzon and thereafter elected her as the new President to replace Mr. Bitanga. Ms. Nalda is a lawyer by profession and has specialized practice in renewable energy and project finance. Prior to joining MRC, she was the Vice President for Legal and Corporate Affairs and former Corporate Secretary of PNOC Renewables Corporation, the renewable energy arm of the state-owned Philippine National Oil Company. She was also previously connected with the PNOC Exploration Corporation and the Department of Energy. Ms. Nalda obtained her Bachelor in Business Administration degree at the University of the Philippines and finished her Bachelor of Laws degree from the University of Santo Tomas. She further completed a certificate course in International and Comparative Laws at the University of Strasbourg. She recently finished the Professional Directors Program from the Institute of Corporate Directors that she took in June 2016. The election of Atty. Gladys N. Nalda as a member of the Board of MRC and as its new President is in line with the thrust of the company to venture into the energy sector and be a major player in the renewable energy industry.
Resignation/Removal or Replacement
Name of Person
Position/Designation
Effective Date of Resignation/Cessation of term (mmm/dd/yyyy)
Reason(s) for Resignation/Cessation
Edwin H. Monzon
Member of the Board
01/03/2017
Health Reasons.
Benjamin M. Bitanga
President
01/03/2017
To usher the entry of a renewable energy and project finance expert in line with the thrust of the company to venture into the energy sector and be a major player in the renewable energy.
Election or Appointment
Name of Person
Position/Designation
Date of Appointment/Election (mmm/dd/yyyy)
Effective Date of Appointment Election (mmm/dd/yyyy)