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 25, 2020
2. SEC Identification Number
179
3. BIR Tax Identification No.
000488051
4. Exact name of issuer as specified in its charter
PHILIPPINE RACING CLUB, INC.
5. Province, country or other jurisdiction of incorporation
PHILIPPINES
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
SADDLE AND CLUBS LEISURE PARK, BARANGY SABANG, NAIC, CAVITE PostalPostal Code4110
8. Issuer's telephone number, including area code
02-8805-2091
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
546,627,296
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.
Philippine Racing Club, Inc.PRC
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 THE ORGANIZATIONAL MEETING OF THE BOARD OF DIRECTORS
Background/Description of the Disclosure
At the Organizational Meeting of the Board of Directors held on 25 September 2020, after the Annual Stockholders' Meeting, which was subsequently adjourned at 4:00 in the afternoon, the following officers and committee members were elected:
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
Santiago S. Cua Jr.
Chairman of the Board
1,024,238
3,038,260
UNDER PCD NOMINEE
Exequiel D. Robles
Vice Chairman of the Board
506,961
0
-
Solomon S. Cua
Vice Chairman of the Board
670,761
27,667,000
UNDER PCD NOMINEE
Simeon S. Cua
President & CEO
100
2,578,328
UNDER PCD NOMINEE
Sheryl Lizette Cua
Treasurer
0
29,167,193
UNDER PCD NOMINEE
Allan V. Abesamis
EVP & CFO
0
682,105
UNDER PCD NOMINEE
Santiago Cualoping III
EVP & COO
152,000
0
-
Glenn Nelson Macavinta
SVP & Compliance Officer
0
0
-
Rene Tale
Corporate Secretary
0
0
-
Sean Lester Cualoping
VP & Assistant Corporate Secretary
0
26,118,600
UNDER PCD NOMINEE
List of Committees and Membership
Name of Committees
Members
Position/Designation in Committee
Executive
Santiago S. Cua Jr.
Chairman
Executive
Simeon S. Cua
Member
Executive
Exequiel D. Robles
Member
Executive
Solomon S. Cua
Alternate member to above
Executive
Sheryl Lizette Cua
Committee Secretary
Audit & Related Party Transactions
Joseph N. Dy
Chairman
Audit & Related Party Transactions
Renato S. De Villa
Member
Audit & Related Party Transactions
Solomon S. Cua
Member
Audit & Related Party Transactions
Santiago S. Cua Jr.
Alternate member to above
Audit & Related Party Transactions
Sean Lester N. Cualoping
Committee Secretary
COMPENSATION COMMITTEE
Joseph N. Dy
Chairman
COMPENSATION COMMITTEE
Santiago S. Cua Jr.
Member
COMPENSATION COMMITTEE
Solomon S. Cua
Member
COMPENSATION COMMITTEE
Sean Lester N. Cualoping
Committee Secretary
CORPORATE GOVERNANCE & RISK COMMITTEE
Renato S. de Villa
Chairman
CORPORATE GOVERNANCE & RISK COMMITTEE
Joseph N. Dy
Member
CORPORATE GOVERNANCE & RISK COMMITTEE
Solomon S. Cua
Member
CORPORATE GOVERNANCE & RISK COMMITTEE
Allan V. Abesamis
Member
CORPORATE GOVERNANCE & RISK COMMITTEE
Glenn Nelson Macavinta
Member
CORPORATE GOVERNANCE & RISK COMMITTEE
Sean Lester N. Cualoping
Committee Secretary
MANAGEMENT COMMITTEE
Simeon S. Cua
Chairman
MANAGEMENT COMMITTEE
Allan V. Abesamis
Member
MANAGEMENT COMMITTEE
Santiago Cualoping III
Member
MANAGEMENT COMMITTEE
Sheryl Lizette Cua
Member
MANAGEMENT COMMITTEE
Serena Linette Cualoping
Member
MANAGEMENT COMMITTEE
Antonio Alcasid, Jr.
Member
MANAGEMENT COMMITTEE
Ronaldo S. Dino
Member
MANAGEMENT COMMITTEE
Glenmor Sumalinog
Member
MANAGEMENT COMMITTEE
Janet Presquito
Member
MANAGEMENT COMMITTEE
Sean Lester N. Cualoping
Member
MANAGEMENT COMMITTEE
Joanna Grace Goli
Committee Secretary
NOMINATION COMMITTEE
Joseph N. Dy
Chairman
NOMINATION COMMITTEE
Solomon S. Cua
Member
NOMINATION COMMITTEE
Exequiel D. Robles
Member
NOMINATION COMMITTEE
Sean Lester N. Cualoping
Committee Secretary
RACING AND GAMING COMMITTEE
Eusebio H. Tanco
Chairman
RACING AND GAMING COMMITTEE
Ramon P. Ereneta Jr.
Member
RACING AND GAMING COMMITTEE
Simeon S. Cua
Member
RACING AND GAMING COMMITTEE
Allan V. Abesamis
Member
RACING AND GAMING COMMITTEE
Santiago Cualoping III
Member
RACING AND GAMING COMMITTEE
Sean Lester N. Cualoping
Committee Secretary
RETIREMENT COMMITTEE
Ramon P. Ereneta Jr.
Chairman
RETIREMENT COMMITTEE
Sheryl Lizette Cua
Member
RETIREMENT COMMITTEE
Allan V. Abesamis
Member
RETIREMENT COMMITTEE
Santiago Cualoping III
Member
RETIREMENT COMMITTEE
Sean Lester N. Cualoping
Committee Secretary
COMMITTEE ON SECURITY
Renato S. de Villa
Chairman
COMMITTEE ON SECURITY
Simeon S. Cua
Member
COMMITTEE ON SECURITY
Ramon P. Ereneta Jr.
Member
COMMITTEE ON SECURITY
Allan V. Abesamis
Member
COMMITTEE ON SECURITY
Santiago Cualoping III
Member
COMMITTEE ON SECURITY
Sean Lester N. Cualoping
Committee Secretary
List of other material resolutions, transactions and corporate actions approved by the Board of Directors