Scanned with CamScanner COVER SHEET C 1 9 9 8 0 0 1 3 4 S.E.C. Registration Number A B O I T I Z P O W E R C O R P O R A T I O N ( Company's Full Name ) 3 2 N D S T R E E T , B O N I F A C I O G L O B A L C I T Y , T A G U I G C I T Y , M E T R O M A N I L A P H I L I P P I N E S (Business Address: No. Street City / Town / Province ) MANUEL ALBERTO R. COLAYCO 02- 886-2338 Contact Person Company Telephone Number Contact Person 4th Monday of April 1 2 3 1 2 0 - I S 0 4 2 2 Month Day FORM TYPE Month Day Fiscal Year Annual Meeting N/A Secondary License Type, if Applicable SEC N/A Dept. Requiring this Doc Amended Articles Number/Section x Total No. of Stockholders Domestic Foreign - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - To be accomplished by SEC Personnel concerned File Number LCU Document I.D. Cashier S T A M P S Remarks = Pls. use black ink for scanning purposes SEC FORM 20-IS (INFORMATION STATEMENT) TABLE OF CONTENTS INFORMATION REQUIRED IN INFORMATION STATEMENT ............................ 5 A. GENERAL INFORMATION ...................................................................................................... 5 Item 1. Date, time and place of the 2019 Annual Stockholders’ Meeting .............................................. 5 Item 2. Dissenter’s Right of Appraisal ..................................................................................................... 5 Item 3. Interest of Certain Persons in or Opposition to Matters to be Acted Upon............................... 6 B. CONTROL AND COMPENSATION INFORMATION ................................................................... 6 Item 4. Voting Securities and Principal Holders Thereof ........................................................................ 6 (a) Class of Voting Shares as of January 31, 2019: ................................................................................... 6 (b) Record Date ........................................................................................................................................ 6 (c) Election of Directors and Cumulative Voting Rights ........................................................................... 6 (d) No proxy solicitation is being made. ................................................................................................... 7 (1) Security Ownership of Certain Record and Beneficial Owners (more than 5% of the voting shares) as of January 31, 2019 .......................................................................... 7 (2) Security Ownership of Management as of January 31, 2019 (Record and Beneficial) 8 (3) Voting Trust Holders of Five Per Centum (5%) or More of Common Equity ................ 9 (4) Changes in Control ....................................................................................................... 9 Item 5. Directors and Executive Officers ................................................................................................ 9 (a) Directors and Officers for 2018-2019 ................................................................................................. 9 (1) Directors for 2018-2019 ............................................................................................... 9 Nominations for Independent Directors and Procedure for Nomination ................................................. 15 Other Nominees for Election as Members of the Board of Directors ....................................................... 16 Officers for 2018-2019 ............................................................................................................. 17 Period in which the Directors Should Serve .............................................................................................. 26 Term of Office of a Director ...................................................................................................................... 26 (2) Significant Employees ................................................................................................ 26 (3) Family Relationships ................................................................................................... 26 (4) Involvement in Certain Legal Proceedings as of January 31, 2019 ............................ 26 (5) Certain Relationships and Related Transactions ........................................................ 27 (6) Parent Company ......................................................................................................... 27 Item 6. Compensation of Directors and Executive Officers .................................................................. 27 (a) Summary of Compensation of Executive Officers ............................................................................ 27 (b) Compensation of Directors ............................................................................................................... 28 (1) Standard Arrangements ............................................................................................... 28 (2) Other Arrangements .................................................................................................... 29 (c) Employment Contracts and Termination of Employment and Change-in-Control Arrangements ... 29 (d) Warrants and Options Outstanding .................................................................................................. 29 Item 7. Independent Public Accountant ............................................................................................... 29 Item 8. Compensation Plans ................................................................................................................. 30 C. ISSUANCE ............................................................................................................................ 30 Item 9. Authorization or Issuance of Securities Other Than for Exchange ........................................... 30 Item 10. Modification or Exchange of Securities .................................................................................... 32 Item 11. Financial and Other Information .............................................................................................. 32 Item 12. Mergers, Consolidations, Acquisitions and Similar Matters ..................................................... 32 Item 13. Acquisition or Disposition of Property ..................................................................................... 32 Item 14. Restatement of Accounts ......................................................................................................... 32 D. OTHER MATTERS ................................................................................................................. 33 Item 15. Action with Respect to Reports ................................................................................................ 33 Item 16. Matters Not Required to be Submitted .................................................................................... 33 Item 17. Amendment of Charter, By-Laws or Other Documents ........................................................... 35 Item 18. Other Proposed Actions ........................................................................................................... 35 Item 19. Voting Procedures .................................................................................................................... 36 (a) Votes Required for Matters Submitted for Approval of the Shareholders ....................................... 36 (b) The Method by which Votes will be Counted ................................................................................... 36 PART I – BUSINESS AND GENERAL INFORMATION ....................................... 43 Item 1. Business .............................................................................................................................. 43 Annual Report 2018 i SEC FORM 20-IS (INFORMATION STATEMENT) (1) Business Development ............................................................................................................. 43 (2) Business of Issuer ..................................................................................................................... 47 (a) Description of Registrant .................................................................................................................. 47 (i) Principal Products or Services ........................................................................................................... 47 (ii) Sales .................................................................................................................................................. 66 (iii) Distribution Methods of the Products or Services ............................................................................ 66 (iv) New Products/Services ..................................................................................................................... 67 (v) Competition ...................................................................................................................................... 67 (vi) Sources of Raw Materials and Supplies ............................................................................................ 69 (vii) Major Customers .............................................................................................................................. 71 (viii) Transactions with and/or Dependence on Related Parties .............................................................