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Ionics Inc. Board of Directors' Meeting Results

At the meeting held on March 16, 2012, the Board of Directors of the Ionics Inc. approved the following:
  1. The holding of its annual shareholders' meeting on May 18, 2012 at 11:00am at the Sta. Elena Golf & Country Club, Cabuyao, Laguna. All stockholders of record as of the close of business on April 18, 2012 shall be entitled to notice of, and to vote at, the said meeting.
    • At he same meeting, the Chairman of the Nominating Committee reported that the following nominees were approved for election as members of the Board of Directors for 2012-2013, to wit:
      • Lawrence C. Qua
      • Alfredo R. de Borja
      • Cecilia Q. Chua
      • Marianita O. Mendoza
      • Virginia Judy Q. Dy
      • Guillermo D. Luchangco
      • Melito C. Qua
      • Raymond C. Qua
      • Yang Tah Lu
      • Monica Siguion-Reyna Villonco
      • Amelia B. Cabal
    • The above-mentioned nominees have been determined to possess all the qualifications and none of the disqualifications of a director. Mr. Alfredo R. de Borja and Ms. Amelia B. Cabal are nominated as independent directors.
  2. The election of Ms. Amelia B. Cabal as member of the Audit and Risk Management Committees of the  Ionics Inc.
  3. The declaration of 100% stock dividend to Ionics Inc.'s stockholders, subject to the approval of its stockholders during the May 18, 2012 annual stockholders' meeting.
  4. The conversion of the Corporation's advances extended to its subsidiary, Ionmi Precision, Inc., amounting to US$450,000.00 into equity, subject to the necessary corporate and regulatory approvals.
    • At the meeting of  Ionics Inc.'s wholly owned subsidiary, Ionics EMS, Inc. (EMS) likewise held at March 16, 2012, the following were approved by the Board of Directors of EMS.
  5. The holding of annual shareholders' meeting of EMS on May 18, 2012, at 9:00 am at the Sta. Elena Golf & Country Club, Cabuyao, Laguna. All stockholders of record as of the close of business on April 2012 shall be entitled to notice of, and to vote at, the said meeting.
    • At the same meeting, the Chairman of the Nominating Committee of EMS reported that the following nominees were approved for election as members of the Board of Directors of EMS for 2012-2013, to wit:
      • Lawrence C. Qua
      • Alfredo R. de Borja
      • Virginia Judy Q. Dy
      • Guillermo D. Luchangco
      • Monica Siguion-Reyna Villonco
      • Meliton C. Qua
      • Raymond C. Qua
      • Amelia B. Caba
    • All the nominees are incumbent directors of EMS. Mr. Alfredo R. de Borja and Ms. Amelia B. Cabal are nominated as independent directors. The Committed has confirmed that they are qualified to be elected as independent directors.
  6. The election of Ms. Amelia B. Cabal as member of the Audit Committee of EMS.
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"Ionics Inc. Board of Directors' Meeting Results" was written by Mary under the Business category. It has been read 2718 times and generated 0 comments. The article was created on and updated on 19 March 2012.
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