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)

May 18, 2017

2. SEC Identification Number

54666

3. BIR Tax Identification No.

000-163-396

4. Exact name of issuer as specified in its charter

SHAKEY'S PIZZA ASIA VENTURES INC.

5. Province, country or other jurisdiction of incorporation

MANILA, PHILIPPINES

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

15 KM EAST SERVICE ROAD CORNER MARIAN ROAD 2, BARANGAY SAN MARTIN DE PORRES, PARANAQUE CITY Postal Code 1700

8. Issuer's telephone number, including area code

(632) 839-0156

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 SHARES	1,531,321,053

11. Indicate the item numbers reported herein

Item 9: Other Matters

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.

Shakey's Pizza Asia Ventures, Inc.PIZZA

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
Election and Appointment of Officers.
Background/Description of the Disclosure
In compliance with SEC Memo Circular No. 19, series of 2016, please be informed that the members of the Board of Directors have approved the creation of the Corporate Governance Committee, Board Risk Oversight Committee (BROC) and Related Party Transaction (RPT) Committee. The functions of the Nomination and the Remuneration Committees shall now be subsumed under the Corporate Governance Committee. The Board has also accepted the resignations of Mr. Leonardo Arthur T. Po as a member of the Audit Committee and Mr. Christopher T. Po as a Chairman of the Nomination Committee. Mr. Paulo L. Campos III was subsequently elected as a member of the Audit Committee and as the Chairman of the Corporate Governance Committee to serve until a successor is duly elected. Mr. Darel G. Pallesco was elected as Chief Audit Executive of the Company.

Resignation/Removal or Replacement

Name of Person	Position/Designation	Effective Date of Resignation/Cessation of term (mmm/dd/yyyy)	Reason(s) for Resignation/Cessation
Leonardo Arthur T. Po	Member / Audit Committee	05/18/2017	Compliance with regulatory requirements
ChristopherT. Po	Chairman / Nomination Committee	05/18/2017	Compliance with regulatory requirements

Election or Appointment

Name of Person	Position/Designation	Date of Appointment/Election (mmm/dd/yyyy)	Effective Date of Appointment Election (mmm/dd/yyyy)	Shareholdings in the Listed Company		Nature of Indirect Ownership
				Direct	Indirect
Paulo L. Campos III	Chairman/ Corporate Governance Committee, Member / Audit Committee	5/18/2017	5/18/2017	1	89,000	held by members of a person
Darel G. Pallesco	Chief Audit Executive	5/18/2017	5/18/2017	0	0	-

Promotion or Change in Designation

Name of Person	Position/Designation		Date of Approval (mmm/dd/yyyy)	Effective Date of Change (mmm/dd/yyyy)	Shareholdings in the Listed Company		Nature of Indirect Ownership
	From	To			Direct	Indirect
-	-	-	-	-	0	0	-

Other Relevant Information
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