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)
Dec 9, 2024
2. SEC Identification Number
AS93005277
3. BIR Tax Identification No.
002-648-099-000
4. Exact name of issuer as specified in its charter
LBC EXPRESS HOLDINGS, INC. (formerly FEDERAL RESOURCES INVESTMENT GROUP INC.)
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
LBC Hangar, General Aviation Centre, Domestic Airport Road, Pasay City, Metro Manila, PhilippinesPostal Code1300
8. Issuer's telephone number, including area code
(632)8856 8510
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
1,425,865,471
11. Indicate the item numbers reported herein
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.
LBC Express Holdings, Inc.LBC
PSE Disclosure Form 4-24 - Results of Annual or Special Stockholders' 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 2024 Annual Stockholders' Meeting of LBC Express Holdings, Inc.
Background/Description of the Disclosure
During the Annual Meeting of the stockholders of the Company held today, 9 December 2024, the following matters were approved and/or ratified.
All the foregoing items were approved by stockholders owning at least a majority of all outstanding common shares that were represented in the meeting:
1. Approval of the Minutes of the Annual Stockholders’ Meeting held on 4 December 2023 2. Notation of the President’s Report 3. Approval of the 2023 Annual Report and Audited Financial Statements of the Company for the year ended 31 December 2023 4. Ratification of all acts of the Board of Directors and Officers since the 2023 Annual Stockholders’ Meeting adopted in the ordinary course of business 5. Election of the Members of the Board of Directors including the Independent Directors for the Ensuing Year and the Directors, specifically, the following: a) Miguel Angel A. Camahort b) Rene E. Fuentes c) Enrique V. Rey Jr. d) Mark Werner J. Rosal e) Augusto G. Gan f) Jason Michael Rosenblatt g) Anthony A. Abad (Independent Director) h) Victor Y. Lim Jr (Independent Director) i) Ferdinand D. Tolentino (Independent Director)
6. Appointment of Sycip, Gorres, Velayo & Co. as the Company’s External Auditors for Fiscal Year 2024.
In addition to the foregoing items, the following items were approved by stockholders owning at least two-thirds of all outstanding common shares of the Company:
1. Ratification of the resolution/s approving the Amendment of Articles of Incorporation to change the Principal Address of the Company to ‘LBC Central Exchange, L-2 C5 Extension, Moonwalk, Parañaque City, Metro Manila, Philippines’ 2. Ratification of the resolution/s approving the Amendment of By-Laws to change the Principal Address of the Company to ‘LBC Central Exchange, L-2 C5 Extension, Moonwalk, Parañaque City, Metro Manila, Philippines’ 3. Ratification of the resolution/s approving the Amendment of By-Laws to change Annual Stockholder Meeting Date to be held every 2nd Monday of December of each year
List of elected directors for the ensuing year with their corresponding shareholdings in the Issuer
Name of Person
Shareholdings in the Listed Company
Nature of Indirect Ownership
Direct
Indirect
Miguel Angel A. Camahort
1
0
N/A
Rene E. Fuentes
1
0
N/A
Enrique V. Rey, Jr.
1
0
N/A
Mark Werner J. Rosal
1,000
0
N/A
Victor Y. Lim Jr.
1
228,899
34,900 shares lodged with PCD Nominee Corp / 194,000 shares are owned/held under the name of Champaca Development Corporation (“CDC”). Champaca Development Corporation is partially owned by relatives of Mr. Victor Lim Jr.. Ms. Soccoro Lim, the spouse of Mr. Victor Lim Jr., owns 20% of the shares in CDC. Mr. Vittorio Lim, the son of Mr. Victor Lim Jr, owns 30% of the shares in CDC. Ms. Vanessa Lim, the daughter of Mr. Victor Lim Jr., owns 10% of the shares in CDC
Augusto G. Gan
1
0
N/A
Anthony A. Abad
101
0
N/A
Jason Michael Rosenblatt
1
0
N/A
Ferdinand D. Tolentino
0
100
PCD Nominee Shares
External auditor
Sycip, Gorres, Velayo & Co.
List of other material resolutions, transactions and corporate actions approved by the stockholders
1. Approval of the Minutes of the Annual Stockholders’ Meeting held on 4 December 2023 2. Notation of the President’s Report 3. Approval of the 2023 Annual Report and Audited Financial Statements of the Company for the year ended 31 December 2023 4. Ratification of all acts of the Board of Directors and Officers since the 2023 Annual Stockholders’ Meeting adopted in the ordinary course of business 5. Election of the Members of the Board of Directors including the Independent Directors for the Ensuing Year and the Directors 6. Appointment of the Company’s External Auditors for Fiscal Year 2024 7. Ratification of the approval for the Amendment of Articles of Incorporation to change the Principal Address of the Company to ‘LBC Central Exchange, L-2 C5 Extension, Moonwalk, Parañaque City, Metro Manila, Philippines’ 8. Approval for the Amendment of By-Laws to change the Principal Address of the Company to ‘LBC Central Exchange, L-2 C5 Extension, Moonwalk, Parañaque City, Metro Manila, Philippines’ 9. Approval for the Amendment of By-Laws to change Annual Stockholder Meeting Date to be held every 2nd Monday of December of each year
LBC Express Holdings, Inc.LBC