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)
May 15, 2024
2. SEC Identification Number
5213
3. BIR Tax Identification No.
000-917-916
4. Exact name of issuer as specified in its charter
GMA Network, Inc.
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
GMA Network Center, EDSA corner Timog Avenue, Diliman, Quezon CityPostal Code1103
8. Issuer's telephone number, including area code
(632) 8982-7777
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
Preferred Shares
7,500,000,000
Common Shares
3,364,692,000
11. Indicate the item numbers reported herein
-
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.
GMA Network, Inc.GMA7
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
Background/Description of the Disclosure
Results of the Organizational Meeting of the Board held on May 15, 2024 to elect and appoint Officers and members of the Board Committees
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
Felipe L. Gozon
Chairman
3,181
848,784,742
thru FLGMDC
Gilberto R. Duavit, Jr.
President and CEO
4,007,005
402,414,173
thru GMDI/Dual Management Investments, Inc.
Felipe S. Yalong
Executive Vice President and CFO
1,663,002
-
-
Elvis B. Ancheta
SVP - Engineering Group
-
-
-
Oliver Victor B . Amoroso
SVP - Integrated News, Regional TV and Synergy
-
-
-
Regie C. Bautista
SVP - Corporate Strategic Planning and Business Development and concurrent Chief Risk Officer and Head, Program Support
258,000
-
-
Lizelle G. Maralag
Chief Marketing Officer
-
-
-
Lilibeth G. Rasonable
SVP - Entertainment Group
158,000
-
-
Ronaldo P. Mastrili
SVP - Finance and ICT
354,000
-
-
Anna Teresa M. Gozon-Valdes
SVP - Talent Management and Development, Program Management, Human Resources, Legal, Worldwide Division and Corporate Secretary
3
-
-
Maria Theresa E. De Mesa
Assistant Corporate Secretary
7,000
-
-
Eduardo P. Santos
Compliance Officer
150,000
-
-
List of Committees and Membership
Name of Committees
Members
Position/Designation in Committee
Executive Committee
Joel Marcelo G. Jimenez
Chairman
Executive Committee
Gilberto R. Duavit, Jr.
Vice Chairman
Executive Committee
Felipe L. Gozon
Member
Nomination Committee
Felipe L. Gozon
Chairman
Nomination Committee
Artemio V. Panganiban
Vice Chairman
Nomination Committee
Gilberto R. Duavit, Jr.
Member
Nomination Committee
Joel Marcelo G. Jimenez
Member
Compensation and Remuneration Committee
Felipe L. Gozon
Chairman
Compensation and Remuneration Committee
Artemio V. Panganiban
Vice Chairman
Compensation and Remuneration Committee
Gilberto R. Duavit, Jr.
Member
Compensation and Remuneration Committee
Laura J. Westfall
Member
Audit and Risk Management Committee
Jaime C. Laya
Chairman
Audit and Risk Management Committee
Artemio V. Panganiban
Vice Chairman
Audit and Risk Management Committee
Joel Marcelo G. Jimenez
Member
Audit and Risk Management Committee
Laura J. Westfall
Member
Audit and Risk Management Committee
Judith R. Duavit-Vazquez
Member
List of other material resolutions, transactions and corporate actions approved by the Board of Directors
Election of Atty. Anna Teresa M. Gozon-Valdes as Corporate Secretary, Atty. Maria Theresa E. De Mesa as Assistant Corporate Secretary and Atty. Eduardo P. Santos as Compliance Officer.
The Directors also (a) approved the minutes of the special meeting of the Board of Directors held on April 3, 2024, (b) ratified all the acts of the Executive Committee since the said meeting, (c) approved the revision/amendment in the designation of the official and alternate electronic (e-mail) address(es) and mobile number(s) of the Corporation to facilitate the sending to the Corporation of notices, letter replies, orders, decisions and/or other documents emanating from the Securities and Exchange Commission of the Philippines for the purpose of complying with the notice requirement of administrative due process pursuant to SEC Memorandum Circular No. 28, series of 2020, (d) authorized the Audit and Risk Management Committee to negotiate the fees of Sycip Gorres Velayo & Co., and (e) re-appointed the external counsel, Belo Gozon Elma Parel Asuncion & Lucila Law Offices.
Other Relevant Information
The shares of the officers listed above pertains only to Common Shares (GMA7)
GMA Network, Inc.GMA7