Pal Holdings, Inc.PSE: PAL

Results of Organizational Meeting of Board of Directors

· Issued by Pal Holdings, Inc.
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) May 26, 20222. SEC Identification Number PW-943. BIR Tax Identification No. 000-707-9224. Exact name of issuer as specified in its charter PAL Holdings, Inc.5. Province, country or other jurisdiction of incorporation Philippines6. Industry Classification Code(SEC Use Only) 7. Address of principal office 8th Floor, PNB Financial Center, President Diosdado Macapagal Ave., CCP Complex, Pasay CityPostal Code13078. Issuer's telephone number, including area code (02) 8810-24519. Former name or former address, if changed since last report Not Applicable10. 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 11,610,978,242
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.

PAL Holdings, Inc.PAL 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 Directors

Background/Description of the Disclosure

26 May 2022

DISCLOSURE DEPARTMENT
THE PHILIPPINE STOCK EXCHANGE, INC.
Philippine Stock Exchange Plaza,
Ayala Triangle, Ayala Avenue,
Makati City

Attention: MS. ALEXANDRA D. TOM WONG
OIC-Head, Disclosure Department

Gentlemen:

Please be informed that at the Annual Stockholders' Meeting of the Company held today, 26 May 2022, via Remote Communication, the Shareholders passed upon and approved the following:

1. The Minutes of the Previous Meeting held on 25 November 2021;

2. The Management Report For The Year 2021;

3. Confirmed and Ratified All Acts and Resolutions of the Board of Directors and Management since the 2021 Annual Stockholders' Meeting;

4. The Election of the following as Directors of the Company, to serve as such for the ensuing year and/or until their successors shall have been elected and qualified:

Dr. Lucio C. Tan Chairman
Carmen K. Tan Director
Lucio C. Tan III Director
Sheila T. Pascual Director
Stanley K. Ng Director
Junichiro Miyagawa Director
Johnip G. Cua Independent Director
Jerome S. Tan Independent Director

5. Appointment of the Auditing Firm Sycip Gorres Velayo & Co. (SGV & Co.) as External Auditor For The Year 2022-2023.

Likewise, at the Organizational Meeting of the Board of Directors held immediately thereafter, the following matters were approved:

1. Appointment of the following Officers to the positions opposite their names, to serve as such for the ensuing year and/or until their successors shall have been elected and qualified:

Dr. Lucio C. Tan Chairman and CEO
Lucio C. Tan III Vice President
Juanita T. Tan Lee Treasurer
Ma. Cecilia L. Pesayco Corporate Secretary
Susan T. Lee Chief Finance Officer and
Chief Compliance Officer

2. Appointment of Members of the Board to the various committees as follows:

EXECUTIVE COMMITTEE Chairman: DR. LUCIO C. TAN
Members: LUCIO C. TAN III SHEILA T. PASCUAL
STANLEY K. NG
JOHNIP G. CUA

AUDIT AND RISK MANAGEMENT COMMITTEE
Chairman JOHNIP G. CUA
Members LUCIO C. TAN III
SHEILA T. PASCUAL
JEROME S. TAN

COPRORATE GOVERNANCE COMMITTEE Chairman JEROME S. TAN
Members LUCIO C. TAN III
SHEILA T. PASCUAL
JOHNIP G. CUA

NOMINATION AND COMPENSATION COMMITTEE Chairman DR. LUCIO C. TAN
Members: CARMEN K. TAN
SHEILA T. PASCUAL
JOHNIP G. CUA

We trust that you will find the foregoing in order.

Very truly yours,
PAL HOLDINGS, INC.

By:

MA. CECILIA L. PESAYCO
Corporate Secretary

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
Dr. Lucio C. Tan Chairman and CEO 1,993,726 - -
Lucio C. Tan III Vice President 450 - -
Juanita T. Tan Lee Treasurer - - -
Ma. Cecilia L. Pesayco Corporate Secretary - - -
Susan T. Lee Chief Finance Officer and Compliance Officer - - -
List of Committees and Membership
Name of Committees Members Position/Designation in Committee
Executive Committee Dr. Lucio C. Tan Chairman
Executive Committee Lucio C. Tan III Member
Executive Committee Sheila T. Pascual Member
Executive Committee Johnip G. Cua Member
Executive Committee Stanley K. Ng Member
Audit and Risk Management Committee Johnip G. Cua Chairman
Audit and Risk Management Committee Lucio C. Tan III Member
Audit and Risk Management Committee Sheila T. Pascual Member
Audit and Risk Management Committee Jerome S. Tan Member
Corporate Governance Committee Jerome S. Tan Chairman
Corporate Governance Committee Lucio C. Tan III Member
Corporate Governance Committee Sheila T. Pascual Member
Corporate Governance Committee Johnip G. Cua Member
Nomination and Compensation Committee Dr. Lucio C. Tan Chairman
Nomination and Compensation Committee Carmen K. Tan Member
Nomination and Compensation Committee Johnip G. Cua Member
Nomination and Compensation Committee Sheila T. Pascual Member
List of other material resolutions, transactions and corporate actions approved by the Board of Directors

None.

Other Relevant Information

None.

Filed on behalf by:
Name Ma. Cecilia Pesayco
Designation Corporate Secretary

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