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)
Apr 20, 2021
2. SEC Identification Number
1177
3. BIR Tax Identification No.
000-768-480-000
4. Exact name of issuer as specified in its charter
Globe Telecom, Inc.
5. Province, country or other jurisdiction of incorporation
Metro Manila, Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
The Globe Tower, 32nd Street corner 7th Avenue, Bonifacio Global City, Taguig CityPostal Code1634
8. Issuer's telephone number, including area code
(02) 7797-2000
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
132,432,727
Total debt (in Php Mn)
167,673
11. Indicate the item numbers reported herein
Please refer to the relevant attachment.
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.
Globe Telecom, Inc.GLO
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
We disclose the results of the organizational meeting of the Board of Directors held immediately after our 2021 virtual Annual Stockholders' Meeting (ASM) today.
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
Ernest L. Cu*
President and Chief Executive Officer (CEO)
86,314
75,014
lodged through PCD (including those through immediate family in the same household)
Rosemarie Maniego-Eala
Chief Finance Officer (CFO), Treasurer, and Chief Risk Officer (CRO)
17,137
-
-
Renato M. Jiao
Chief Human Resource Officer (CHRO)
21,085
285
lodged through PCD
Rebecca V. Eclipse*
Chief Customer Experience Officer (CCEO)
21,180
18,915
lodged through PCD
Vicente Froilan M. Castelo
General Counsel (GC)
9,339
-
-
Carlomagno E. Malana
Chief Information Officer (CIO)
-
600
lodged through PCD
Bernard P. Llamzon
Executive Vice President – Channel Management Group
5,940
-
-
Solomon M. Hermosura
Corporate Secretary
20
-
-
Marisalve Ciocson-Co
Chief Compliance Officer, Senior Vice President – Law and Compliance, and Assistant Corporate Secretary
4,375
3,059
lodged through PCD
Rosalin E. Palacol*
Chief Audit Executive (CAE)
-
-
-
Maria Louisa Guevarra-Cabreira
Chief Commercial Officer (CCO)
2,620
5,710
lodged through PCD
Maria Yolanda C. Crisanto
Chief Sustainability Officer (CSO) and Senior Vice President – Corporate Communications
2,100
2,184
lodged through PCD
Jaime Augusto Zobel de Ayala**
Chairman of the Board of Directors
2
1
thru AC nominee share
Lang Tao Yih, Arthur**
Co-Vice Chairman
2
-
-
Fernando Zobel de Ayala**
Co-Vice Chairman
-
1
thru AC nominee share
List of Committees and Membership
Name of Committees
Members
Position/Designation in Committee
Executive Committee
Jaime Augusto Zobel de Ayala
Chairman
Executive Committee
Lang Tao Yih, Arthur
Member
Executive Committee
Fernando Zobel de Ayala
Member
Executive Committee
Ernest L. Cu
Member
Executive Committee
Samba Natarajan
Member
Nomination and Governance Committee
Rex Ma. A. Mendoza
Chairman
Nomination and Governance Committee
Saw Phaik Hwa
Member
Nomination and Governance Committee
Cirilo P. Noel
Member
Compensation and Remuneration Committee
Rex Ma. A. Mendoza
Chairman
Compensation and Remuneration Committee
Fernando Zobel de Ayala
Member
Compensation and Remuneration Committee
Lang Tao Yih, Arthur
Member
Compensation and Remuneration Committee
Saw Phaik Hwa
Member
Compensation and Remuneration Committee
Cirilo P. Noel
Member
Audit and Related Party Transactions Committee
Cirilo P. Noel
Chairman
Audit and Related Party Transactions Committee
Saw Phaik Hwa
Member
Audit and Related Party Transactions Committee
Rex Ma. A. Mendoza
Member
Audit and Related Party Transactions Committee
Romeo L. Bernardo
Member
Finance Committee
Delfin L. Lazaro
Chairman
Finance Committee
Romeo L. Bernardo
Member
Finance Committee
Cezar P. Consing
Member
Finance Committee
Samba Natarajan
Member
Board Risk Oversight Committee
Saw Phaik Hwa
Chairman
Board Risk Oversight Committee
Rex Ma. A. Mendoza
Member
Board Risk Oversight Committee
Cirilo P. Noel
Member
Board Risk Oversight Committee
Romeo L. Bernardo
Member
List of other material resolutions, transactions and corporate actions approved by the Board of Directors
Please refer to the relevant attachment.
Other Relevant Information
Mr. Rex Ma. A. Mendoza has been appointed as Lead Independent Director.
The Chief Technology and Information Officer and Chief Strategy Officer roles previously assigned to Mr. Gil B. Genio have been subsumed into other groups effective today as Management examines opportunities to rationalize the organization to sustain business needs. Meanwhile, Ms. Maria Yolanda C. Crisanto becomes a key officer in her role as the Chief Sustainability Officer and Senior Vice President – Corporate Communications effective today.
*Mr. Cu, Ms. Eclipse, and Ms. Palacol own non-voting preferred shares. **Non-executive directors, but added in the list as required by the Exchange.
Please refer to the relevant attachment. Thank you very much.
Filed on behalf by:
Name
Marisalve Co
Designation
Chief Compliance Officer/Asst. Corporate Secretary/SVP for Law and Compliance