C02746-2025 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
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Common | 446,897,323 |
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Subject of the Disclosure |
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Retirement of Dr. Ma. Cristina D. Padolina as President and Chief Academic Officer, as well as Member and Vice Chairman of the Board; Election of Atty. Danilo L. Concepcion as replacement of Dr. Padolina for the unexpired term; and Appointment of Dr. Padolina as President Emeritus. |
Background/Description of the Disclosure |
During the recently concluded Regular Meeting of the Board of Directors of CEU held in the afternoon of 25 April 2025. Dr. Ma. Cristina D. Padolina informed the Board of her intention to Retire as President and Chief Academic Officer of CEU. Concomitant is her status as Member and Vice Chair of the Board of Directors. The retirement will take effect 01 June 2025 (last day on 31 May 2025). |
Name of Person | Position/Designation | Effective Date of Resignation/Cessation of term (mmm/dd/yyyy) |
Reason(s) for Resignation/Cessation | |
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Ma. Cristina D. Padolina | Member BOD, Vice Chair BOD, Pesident and Chief Academic Officer | May/31/2025 | Retirement |
Name of Person | Position/Designation | Date of Appointment/Election (mmm/dd/yyyy) |
Effective Date of Appointment Election (mmm/dd/yyyy) |
Shareholdings in the Listed Company | Nature of Indirect Ownership | ||
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Direct | Indirect | ||||||
Atty. Danilo L. Concepcion | Member BOD, Vice Chair BOD, Pesident and Chief Academic Officer | Apr/25/2025 | Jun/01/2025 | 100 | - | - | |
Ma. Cristina D. Padolina | President Emeritus | Apr/25/2025 | Jun/01/2025 | 45,979 | - | - |
Name of Person | Position/Designation | Date of Approval (mmm/dd/yyyy) |
Effective Date of Change (mmm/dd/yyyy) |
Shareholdings in the Listed Company | Nature of Indirect Ownership | |||
---|---|---|---|---|---|---|---|---|
From | To | Direct | Indirect | |||||
- | - | - | - | - | - | - | - |
Other Relevant Information |
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Please see attached 17c |
Name | Jayson Ramos |
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Designation | University Legal Counsel |