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 18, 2024
2. SEC Identification Number
36359
3. BIR Tax Identification No.
000-438-702-000
4. Exact name of issuer as specified in its charter
BASIC ENERGY CORPORATION
5. Province, country or other jurisdiction of incorporation
GM Building, Florida St., Barangay Wack-Wack, Greenhills East, Mandaluyong City
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
MANDALUYONG CITYPostal Code1556
8. Issuer's telephone number, including area code
(+63) 7917-8118
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 Shares
14,668,643,064
11. Indicate the item numbers reported herein
Item No. 9
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.
Basic Energy CorporationBSC
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 Basic Energy Corporation held September 18, 2024
Background/Description of the Disclosure
The newly elected Board of Directors convened the organizational meeting of the Company wherein they approved, confirmed, and ratified the election/appointment of the Chairman and members of the Board and its various Board Committees, the advisory board and the Company’s officers as outlined below:
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
Oscar L. de Venecia, Jr.
Vice Chairman & CEO
200,000
10,084,249
lodged with broker
Luisito V. Poblete
President & COO
10,000
0
not applicable
Alain S. Pangan
Vice President – Finance / Treasurer
0
0
not applicable
Darius A. Marasigan
Business Development & Risk Management Officer
0
0
not applicable
Gwyneth S. Ong
Corporate Secretary
0
0
not applicable
Janice L. Co
Assistant Corporate Secretary
0
0
not applicable
Dominique P. Pascua
Compliance Officer
0
0
not applicable
List of Committees and Membership
Name of Committees
Members
Position/Designation in Committee
Audit Committee
Kim S. Jacinto-Henares Kim (ID)
Chairwoman
Audit Committee
Gil A. Buenaventura
Member
Audit Committee
Andres B. Reyes, Jr. (ID)
Member
Audit Committee
Ma. Rosette Geraldine L. Oquias
Member
Audit Committee
Jaime J. Martirez
Member
Risk Committee
Gil A. Buenaventura
Chairman
Risk Committee
Andres B. Reyes, Jr. (ID)
Member
Risk Committee
Manuel Z. Gonzalez
Member
Risk Committee
Jaime J. Martirez
Member
Risk Committee
Kim S. Jacinto-Henares Kim (ID)
Member
Nominating Committee
Manuel Z. Gonzalez
Chairman
Nominating Committee
Oscar L. de Venecia, Jr.
Member
Nominating Committee
Ramon L. Mapa
Member
Nominating Committee
Luisito V. Poblete
Member
Nominating Committee
Kim S. Jacinto-Henares Kim (ID)
Member
Compensation and Remuneration Committee
Ramon L. Mapa
Chairman
Compensation and Remuneration Committee
Andres B. Reyes, Jr. (ID)
Member
Compensation and Remuneration Committee
Oscar S. Reyes
Member
Compensation and Remuneration Committee
Ma. Rosette Geraldine L. Oquias
Member
Compensation and Remuneration Committee
Beatrice Jane L. Ang
Member
Corporate Governance Committee
Andres B. Reyes, Jr. (ID)
Chairman
Corporate Governance Committee
Kim S. Jacinto-Henares Kim (ID)
Member
Corporate Governance Committee
Beatrice Jane L. Ang
Member
Corporate Governance Committee
Manuel Z. Gonzalez
Member
Corporate Governance Committee
Gil A. Buenaventura (ID)
Member
Related Third Party Transaction Committee
Kim S. Jacinto-Henares Kim (ID)
Chairwoman
Related Third Party Transaction Committee
Andres B. Reyes, Jr. (ID)
Member
Related Third Party Transaction Committee
Jaime J. Martirez
Member
Related Third Party Transaction Committee
Gil A. Buenaventura (ID)
Member
Related Third Party Transaction Committee
Oscar S. Reyes
Member
Advisory Board
Jose C. de Venecia, Jr.
Chairman
Advisory Board
Ramon F. Villavicencio
Member
Advisory Board
Seiichi Wada
Member
Advisory Board
Jose P. de Venecia III
Member
Advisory Board
Gabriel R. Singson, Jr.
Member
Advisory Board
Reynaldo T. Casas
Member
Advisory Board
Francis C. Chua
Member
List of other material resolutions, transactions and corporate actions approved by the Board of Directors
Basic Energy CorporationBSC