9. Former name or former address, if changed since last report
AC Energy Philippines, Inc.
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
19,960,037,644
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.
AC Energy CorporationACEN
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
The newly-elected directors of the Company held its organizational meeting today, 19 April 2021, after the Annual Stockholders' Meeting, via video conferencing.
List of elected officers for the ensuing year with their corresponding shareholdings in the Issuer
Assistant Corporate Secretary 1 and Head of Legal and Regulatory
6,526,166
7,055,313
Lodged with PCD Nominee
Alan T. Ascalon
Assistant Corporate Secretary 2, VP-Legal and Data Privacy Officer
560,173
826,328
Lodged with PCD Nominee
Jose Maria Eduardo P. Zabaleta
Chief Development Officer
0
0
N/A
Roman Miguel G. de Jesus
Head of Commercial Operations
4,129,895
14,691,503
Lodged with PCD Nominee
Gabino Ramon G. Mejia
Head of Plant Operations
3,480,949
4,513,004
Lodged with PCD Nominee
Irene S. Maranan
Head of Corporate Communications and Sustainability
2,391,810
5,790,412
Lodged with PCD Nominee
Peter C. Buenaseda
Chief Human Resources Officer
0
0
N/A
Ronald F. Cuadro
VP-Finance and Controller
0
9,000
Lodged with PCD Nominee
Henry T. Gomez, Jr.
Chief Audit Executive
0
0
N/A
List of Committees and Membership
Name of Committees
Members
Position/Designation in Committee
Executive Committee
Fernando Zobel de Ayala
Chairman
Executive Committee
Jaime Augusto Zobel de Ayala
Member
Executive Committee
John Eric T. Francia
Member
Executive Committee
Cezar P. Consing
Member
Personnel and Compensation Committee
Consuelo D. Garcia
Chairman
Personnel and Compensation Committee
Cezar P. Consing
Member
Personnel and Compensation Committee
Sherisa P. Nuesa
Member
Audit Committee
Ma. Aurora D. Geotina-Garcia
Chairman
Audit Committee
Consuelo D. Garcia
Member
Audit Committee
Nicole Goh Phaik Khim
Member
Board Risk and Related Party Transactions Committee
Sherisa P. Nuesa
Chairman
Board Risk and Related Party Transactions Committee
Nicole Goh Phaik Khim
Member
Board Risk and Related Party Transactions Committee
Melinda L. Ocampo
Member
Corporate Governance and Nomination Committee
Consuelo D. Garcia
Chairman
Corporate Governance and Nomination Committee
Melinda L. Ocampo
Member
Corporate Governance and Nomination Committee
Sherisa P. Nuesa
Member
List of other material resolutions, transactions and corporate actions approved by the Board of Directors
The Board of Directors also approved the following: 1. Appointment of Ms. Sherisa P. Nuesa as the lead independent director;
2. Recoveries of AC Energy and Infrastructure Corporation (“ACEIC”) covering the period 1 May to 31 December 2021;
3. Execution of a Power Supply Agreement between the Company and DirectPower Services, Inc.;
4. Authorization of the Company’s wholly-owned subsidiary, Buendia Christiana Holdings Corp., to execute an Option to Lease Agreement, and eventually, a Lease Agreement, with Tabangao Realty Inc. for properties in Brgy. Malaya, Pililla, Rizal and in Brgy. Libjo, Batangas City; and
5. Investment of PhP4.5 billion into Santa Cruz Solar Energy Inc. and the issuance of a notice to proceed for the development, mobilization, design and construction of the access and infrastructure and grid connection facilities of a solar power project to be located in San Marcelino, Zambales.
AC Energy CorporationACEN