C06546-2020

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

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 17, 2020
2. SEC Identification Number
A200110402
3. BIR Tax Identification No.
213-054-503
4. Exact name of issuer as specified in its charter
SBS Philippines Corporation
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
10 Resthaven St. San Francisco Del Monte Quezon City Postal Code 1105
8. Issuer's telephone number, including area code
(02) 8371-1111
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 1,549,999,999
11. Indicate the item numbers reported herein
Item 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.

SBS Philippines CorporationSBS

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.
Background/Description of the Disclosure

Subsequent to the Company's Annual Shareholders' Meeting, the Board of Directors held an organizational meeting to appoint its officers.
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
Ricardo Nicanor N. Jacinto Chairman 64,583 0 n/a
Aylene Y. Sytengco Vice Chairperson, CFO and Treasurer 10,662,441 30,728,626 Representing the assumed legitime on the direct shareholding of the estate of Mr. Necisto U. Sytengco
Necisto Y. Sytengco II Vice Chairman, SVP Marketing Operations, and Assistant Treasurer 5,367,629 22,717,649 Representing the assumed legitime on the direct shareholding of the estate of Mr. Necisto U. Sytengco
Gerry D. Tan President & CEO 32,291 0 n/a
Esmeraldo Tepace EVP & COO 183,016 0 n/a
Lali Y. Sytengco VP Supply Chain 2,991,030 55,954,843 Representing the assumed conjugal share as well as the assumed legitime on the direct shareholding of the estate of Mr. Necisto U. Sytengco
Jose Fidel R. Acuna Chief Information Officer and Compliance Officer 0 0 n/a
Aileen Lou G. Codamon AVP Controller 0 0 n/a
Sabrina Adamelle Poon-Sytengco Investor Relations Officer 0 5,367,629 Held by a person of which the officer is related to and lives in the same household.
Christine P. Base Corporate Secretary 0 0 n/a
Maria Gemma Bien Internal Auditor 0 0 n/a
Geocel D. Olanday Lead Independent Director 1,000 0 n/a
List of Committees and Membership
Name of Committees Members Position/Designation in Committee
Executive Committee Gerry D. Tan Chairperson
Executive Committee Esmeraldo A. Tepace Member
Executive Committee Aylene Y. Sytengco Member
Executive Committee Necisto Y. Sytengco II Member
Executive Committee Lali Y. Sytengco Member
Audit and Risk Oversight Committee Helen T. De Guzman Chairman
Audit and Risk Oversight Committee Roberto F. Anonas Jr. Member
Audit and Risk Oversight Committee Ricardo Nicanor N. Jacinto Member
Audit and Risk Oversight Committee Geocel D. Olanday Member
Audit and Risk Oversight Committee Aylene Y. Sytengco Member
Related Party Transaction Committee Geocel D. Olanday Chairperson
Related Party Transaction Committee Helen T. De Guzman Member
Related Party Transaction Committee Roberto F. Anonas Jr. Member
Corporate Governance, Nomination and Remuneration Committee Roberto F. Anonas Jr. Chairperson
Corporate Governance, Nomination and Remuneration Committee Helen T. De Guzman Member
Corporate Governance, Nomination and Remuneration Committee Ricardo Nicanor N. Jacinto Member
Corporate Governance, Nomination and Remuneration Committee Geocel D. Olanday Member
Corporate Governance, Nomination and Remuneration Committee Necisto Y. Sytengco II Member
List of other material resolutions, transactions and corporate actions approved by the Board of Directors

n/a
Other Relevant Information

Please see backgrounds of the newly appointed Officers of the Company:

a. Ricardo Nicanor Jacinto (Chairman) Ricardo Nicanor N. Jacinto was elected as non-executive director of the Company on 9 July 2015. He currently also serves as a director of Torre Lorenzo Development Corporation as well as an Independent Director of Metro Retail Stores Group, Inc, Etiqa Life and General Assurance Philippines, and Maybank ATR Kim Eng Capital Partners, Inc. He is likewise a Trustee of the Judicial Reform Initiative and the Institute of Corporate Directors (where he previously served as its Chief Executive Officer from 2013-2017). He was formerly a Managing Director of Ayala Corporation and President & CEO of Habitat for Humanity Philippines. He also served as a director of Manila Water Corporation from 2011-2014. Mr. Jacinto earned his BS Business Economics magna cum laude from the University of the Philippines and holds a Masters in Business Administration from the Harvard Business School.

b. Aylene Y. Sytengco (Vice-chairwoman) Aylene Y. Sytengco joined the Company as Treasurer in 2008 and has served as its Chief Financial Officer since 2013. She is responsible for the day to day management of the financial affairs of the Corporation which covers accounting, financing & treasury, budget & financial planning and investment management. She also currently serves as an executive director (Director & Treasurer) of the corporations owned by the Sytengco Family which includes Anesy Holdings Corporation, ADZ On Wheels Corporation, Aneco Philippines Holdings Corporation, Anase Holdings Corporation, Baler Industrial Corporation, Canon Philippines Holdings Corporation, Sytengco Enterprises Corporation, Seren Philippines Corporation and ULife Corporation. She holds a degree in BS Management of Applied Chemistry from the Ateneo De Manila University.

c. Necisto Y. Sytengco II (Vice Chairman) Necisto Y. Sytengco II joined the Company as Purchasing Officer in 2008 and was appointed as VP Sales in 2010 and SVP – Marketing Operations in 2015 and Assistant Treasurer on 9 July 2015. He is responsible for planning and implementing sales and marketing programs of the Company. He also currently serves as the President of Anesy Holdings Corporation, and an executive director (Director & Vice President) of the corporations owned by the Sytengco Family which includes Aneco Philippines Holdings Corporation, Berny Philippines Holdings Corporation, Selec Holdings Corporation, Tamni Holdings Corporation, and ULife Corporation. He earned his BS Entrepreneurial Management Degree cum laude from the University of Asia and the Pacific.


d. Jose Fidel Acuña (Compliance Officer) Jose Fidel R. Acuña earned his Bachelor’s Degree in Law at Far Eastern University, and Bachelor of Arts Major in Legal Management at the University of Santo Tomas. He is currently the Managing Partner of Acuña and Francisco Law. Atty. Acuña is currently a Director of Italpinas Development Corporation, the Deputy Compliance Information Officer for SL Agritech Corporation, and the Corporate Secretary for TRBank, Inc. He is also a Director and/or Corporate Secretary for several private corporations and will also concurrently hold the position of Chief Information Officer for SBS Philippines Corporation..


e. Aileen Lou G. Codamon (AVP Controller) Aileen Lou G. Codamon was previously the AVP-Finance for GigawattPower Inc. She also served as Manager for Financial Planning Analysis for Solaire Resort and Casino, and as Finance Manager for World Citi Group and Crowne Plaza Manila Galleria. She is a Certified Public Accountant, and has ongoing studies in Master in Business Administration with the De La Salle University’s Graduate School of Business.
Filed on behalf by:
Name CHRISTINE BASE
Designation CORPORATE SECRETARY