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)
Sep 24, 2020
2. SEC Identification Number
1746
3. BIR Tax Identification No.
000126853000
4. Exact name of issuer as specified in its charter
STI Education Systems Holdings, Inc.
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
7th Floor, STI Holdings Center, 6764 Ayala Avenue, Makati City Postal Code1226
8. Issuer's telephone number, including area code
(632) 8844-9553
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
9,904,806,924
11. Indicate the item numbers reported herein
Item 4
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.
STI Education Systems Holdings, Inc.STI
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/Appointment of Officers
Background/Description of the Disclosure
Please be advised that during the Board Meeting of STI Education Systems Holdings, Inc. (the “Corporation”) held today, 24 September 2020, the Board accepted the resignation of Atty. Arsenio C. Cabrera, Jr. (“Atty. Cabrera”) as Compliance Officer and appointed Mr. Cyril S. Cunanan (“Mr. Cunanan”) as Compliance Officer. Mr. Cunanan will serve the unexpired term of Atty. Cabrera.
The resignation of Atty. Cabrera is not due to any disagreement with the Company on any matter relating to its operations, policies or practices.
The Board also appointed Atty. Paolo Martin O. Bautista as Chief Risk Officer and Atty. Wilfred S. Racadio as Chief Audit Executive of the Corporation.
Resignation/Removal or Replacement
Name of Person
Position/Designation
Effective Date of Resignation/Cessation of term (mmm/dd/yyyy)
Reason(s) for Resignation/Cessation
Arsenio C. Cabrera, Jr.
Compliance Officer
Sep/24/2020
Comply with manual of corporate governance that Corporate Secretary cannot be Compliance Officer.
Election or Appointment
Name of Person
Position/Designation
Date of Appointment/Election (mmm/dd/yyyy)
Effective Date of Appointment Election (mmm/dd/yyyy)