Cirtek Holdings Philippines Corporation Announces Management Changes; Declares Cash Dividend on Preferred Shares, Payable on March 8, 2019, June 10, 2019, September 9, 2019 and December 9, 2019 Respectively
January 30, 2019 at 06:55 pm EST
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Cirtek Holdings Philippines Corporation at its Special Meeting of the Board of Directors held on January 30, 2019, approved the resignation of Mr. Anthony Albert S. Buyawe as Director, Treasurer, Chief Finance Officer, Chief Compliance Officer and Corporate Information Officer, effective 31 January 2019 due to personal reason and resignation of Atty. Tadeo F. Hilado as Corporate Secretary, effective 31 January 2019 due to retirement from ACCRA Law. Election of the following officers: Everlene O. Lee Corporate Secretary; Justin T. Liu Corporate Information Officer; . Ma. Lourdes Carta Laraño Chief Compliance Officer; Gina B. Gillen Acting Chief Finance Officer and Deputy Corporate Information Officer; Carlos B. Gacusana Deputy Chief Finance Officer. The effective date of appointment will be February 1, 2019.
The Board of Directors of the company, approved the declaration of cash dividend of USD 0.015313 per share for each of the 67,000,000 outstanding and issued Preferred B-2 shares amounting to an aggregate sum of 1,025,937.50 Cents, for payment and distribution on March 8, 2019 to shareholders of record as of March 6, 2019. Pursuant to the terms and conditions of the Preferred B-2 shares offering by TECH as contained in the Prospectus dated November 10, 2017, the Board of Directors also approved the declaration of cash dividends for the same amount as follows: for payment and distribution on June 10, 2019 to shareholders of record as of June 6, 2019; for payment and distribution on September 9, 2019 to shareholders of record as of September 5, 2019; and for payment and distribution on December 9, 2019 to shareholders of record as of December 5, 2019.
Cirtek Holdings Philippines Corporation, through its subsidiaries, is engaged in the manufacture and sales of semiconductor packages as an independent subcontractor for outsourced semiconductor assembly, test and packaging services, and manufacture of integrated technology products. Its subsidiaries include Cirtek Electronics Corporation (CEC) and Cirtek Electronics International Corporation (CEIC). CEC provides turnkey solutions that include package design and development, wafer probing, wafer back grinding, assembly and packaging, final testing of semiconductor devices, and delivery and shipment to its customersâ end users. CEIC sells integrated circuits principally in the United States of America and assigns the production of the same to CEC. CEC offers products that go into various applications. CEC's product lines include protection products and voltage control oscillators. The protection products are designed to protect electronic devices from damaging voltage or current spikes.
Cirtek Holdings Philippines Corporation Announces Management Changes; Declares Cash Dividend on Preferred Shares, Payable on March 8, 2019, June 10, 2019, September 9, 2019 and December 9, 2019 Respectively
CIRTEK HOLDINGS PHILIPPINES CORPORATION 
