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)

Jun 9, 2017

2. SEC Identification Number

A200110402

3. BIR Tax Identification No.

213-054-503

4. Exact name of issuer as specified in its charter

SBS PHILIPPINES CORPORATION

5. Province, country or other jurisdiction of incorporation

PHILIPPINES

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

10 RESTHAVEN STREET, SAN FRANCISCO DEL MONTE, QUEZON CITY Postal Code 1105

8. Issuer's telephone number, including area code

(02) 371 1111

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	1,169,040,400

11. Indicate the item numbers reported herein

ITEM 9: OTHER EVENTS

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.

SBS Philippines CorporationSBS

PSE Disclosure Form 4-25 - Results of Organizational Meeting References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Results of Organizational Meeting of the Board of Directors
Background/Description of the Disclosure
In the Organizational Meeting of the Board of Directors held on June 9, 2017 after the Annual Shareholders’ Meeting, the Board approved the following appointments: 1. Appointment of members of the following Board Committees: Executive Committee, Audit, Risk Oversight and Related Party Transaction Committee, and Corporate Governance, Nomination and Remuneration Committee; and 2. Election of officers for the term 2017-2018

List of elected officers for the ensuing year with their corresponding shareholdings in the Issuer

Name of Person	Position/Designation	Shareholdings in the Listed Company		Nature of Indirect Ownership
		Direct	Indirect
NECISTO U. SYTENGCO	CHAIRMAN OF THE BOARD	42,254,600	436,454,785	Held by members of officer's immedate family sharing the same household and by companies of which the officer is a controlling shareholder
GERRY D. TAN	PRESIDENT & CHIEF EXECUTIVE OFFICER	25,000	0	N/A
ESMERALDO A. TEPACE	EVP, CHIEF OPERATING OFFICER & CHIEF RISK OFFICER	180,400	0	N/A
VICTORINA B. LADRINGAN	EVP & CHIEF INVESTMENTS OFFICER	772,000	0	N/A
AYLENE Y. SYTENGCO	CHIEF FINANCIAL OFFICER & TREASURER	7,984,200	62,309,000	Held by members of the officer's immediate family sharing the same househol and by a company that is controlled by the officer
NECISTO Y. SYTENGCO II	SENIOR VICE PRESIDENT FOR MARKETING OPERATIONS & ASSISTANT TREASURER	4,075,000	15,000,000	Held by a corporation of which such officer is a controlling shareholder (Aveluz Holdings Corporation
LALI Y. SYTENGCO	VICE PRESIDENT FOR PURCHASING	2,132,300	40,111,700	Held by members of the officer's immediate family sharing the same household
CHRISTINE P. BASE	CORPORATE SECRETARY	0	0	N/A
REGINA SIMONA B. DE GUZMAN	GENERAL COUNSEL & COMPLIANCE OFFICER	50,000	0	N/A
JENNIFER B. BALAO	AVP & ACCOUNTING HEAD	15,000	0	N/A
SABRINA ADAMELLE POON-SYTENGCO	INVESTOR RELATIONS OFFICER	0	4,075,000	Held by a member of the officer's immediate family sharing the same household
EMERSON P. PAULINO	INTERNAL AUDITOR	0	0	N/A

List of Committees and Membership

Name of Committees	Members	Position/Designation in Committee
EXECUTIVE COMMITTEE	NECISTO U. SYTENGCO	NON-EXECUTIVE DIRECTOR
EXECUTIVE COMMITTEE	GERRY D. TAN	EXECUTIVE DIRECTOR
EXECUTIVE COMMITTEE	ESMERALDO A. TEPACE	EXECUTIVE DIRECTOR
EXECUTIVE COMMITTEE	VICTORINA B. LADRINGAN	EXECUTIVE DIRECTOR
EXECUTIVE COMMITTEE	AYLENE Y. SYTENGCO	EXECUTIVE DIRECTOR
EXECUTIVE COMMITTEE	NECISTO Y. SYTENGCO II	EXECUTIVE DIRECTOR
AUDIT, RISK OVERSIGHT AND RELATED PARTY TRANSACTION COMMITTEE	LILIAN S. LINSANGAN	INDEPENDENT DIRECTOR
AUDIT, RISK OVERSIGHT AND RELATED PARTY TRANSACTION COMMITTEE	ROSALEO M. MONTENEGRO	INDEPENDENT DIRECTOR
AUDIT, RISK OVERSIGHT AND RELATED PARTY TRANSACTION COMMITTEE	RICARDO NICANOR N. JACINTO	NON-EXECUTIVE DIRECTOR
AUDIT, RISK OVERSIGHT AND RELATED PARTY TRANSACTION COMMITTEE	VICTORINA B. LADRINGAN	EXECUTIVE DIRECTOR
AUDIT, RISK OVERSIGHT AND RELATED PARTY TRANSACTION MANAGEMENT COMMITTEE	AYLENE Y. SYTENGCO	EXECUTIVE DIRECTOR
CORPORATE GOVERNANCE, NOMINATION AND REMUNERATION COMMITTEE	ROSALEO M. MONTENEGRO	INDEPENDENT DIRECTOR
CORPORATE GOVERNANCE, NOMINATION AND REMUNERATION COMMITTEE	LILIAN S. LINSANGAN	INDEPENDENT DIRECTOR
CORPORATE GOVERNANCE, NOMINATION AND REMUNERATION COMMITTEE	RICARDO NICANOR N. JACINTO	NON-EXECUTIVE DIRECTOR
CORPORATE GOVERNANCE, NOMINATION AND REMUNERATION COMMITTEE	VICTORINA B. LADRINGAN	EXECUTIVE DIRECTOR

List of other material resolutions, transactions and corporate actions approved by the Board of Directors
The Board of Directors in its regular meeting held on June 9, 2017 after its Organizational Meeting approved the following matters: 1. Approved to fix the record date for the stock dividends for June 29, 2017 and the payment date thereof for July 17, 2017; 2. Approved the offering for subscription (the “Offer”) of up to 845,487,000 common shares (the “Rights Shares” or “Offer Shares”) with a par value of P1.00 per share (the “Common Shares”) of Corporation by way of a rights offering to registered holders of the Corporation’s common shares, to be listed in two tranches composed of (i) existing unissued Common Shares to be subscribed by the Public (the “Public Rights Shares”), and (ii) to be created Common Shares upon approval of the SEC of the application to increase authorized capital stock, to be offered to Anesy Holdings Corporation and its Related Parties composed of the Sytengco Family (the “Non-Public Rights Shares”) through the underwriter. The proposed stock rights issue (the “Rights Offering” or the “Issue”) is intended to raise proceeds of up to P3.95 billion through the issuance of up to 845,487,000 common shares (“Rights Shares”). The net proceeds from the RIghts Offer will be used by the Company to (i) support the capital requirements of its subsidiary, SBS Holdings and Enterprises Corporation, (ii) prepay a term loan, (iii) expand distribution network and (iv) provide for general working capital requirements.
Other Relevant Information
none