PSE Circular for Brokers No. 1932-98

August 20, 1998 PSE CIRCULAR FOR BROKERS NO. 1932-98 SECURITIES AND EXCHANGE COMMISSION SEC FORM 11-C CURRENT REPORT UNDER SECTION 11 OF THE REVISED SECURITIES ACT (RSA) AND RSA RULE 11(a)-1(b)(3) THEREUNDER 1. August 18, 1998 Date of Report (Date of earliest event reported) 2. SEC Identification No. 19065 3. BIR Tax Identification No. 053-000-282-143 4. Exact name of registrant as specified in the charter Sanitary Wares Manufacturing Corporation 5. Philippines Province, Country or other jurisdiction of incorporation or organization 6. [ ] (SEC Use Only) Industry Classification Code 7. 10th Floor, Feliza Building 108 Herrera St., Legaspi Village, Makati City Address of principal office Postal Code 8. (632) 892-9801 Registrant's telephone number, including area code 9. Not Applicable Former name, former address, and former fiscal year, if changed since last report 10. Securities registered pursuant to Sections 4 and 8 of the RSA Number of Shares of Common Stock Title of Each Class Outstanding and Amount of Debt Outstanding Common Stock P1.00 par value 295,135,010 (No debt registered under RSA) 11. Indicate the item numbers reported herein: 4 Item 1. Changes in Control of Registrant Not applicable Item 2. Acquisition or Disposition of Assets Not applicable Item 3. Changes in Registrant's Certifying Not applicable Item 4. Resignation, Removal or Election of Registrant's Directors or Officers Mr. Jose T. Pardo tendered his resignation as Director of the Company in view of his appointment as Secretary of Trade and Industry. Mr. Amante Rimando, nominee of the Government Service Insurance System ("GSIS"), also tendered his resignation as Director of the Company, in view of his retirement from the GSIS. Both resignations were dated June 30, 1998. In the last quarterly meeting of the Company held in August 1998, the Board of Directors accepted, with deep regret, the resignations of Messrs. Pardo and Rimando, the same to take effect immediately. Messrs. Leonardo Dominguez and Federico Pascual were elected for the unexpired term of the directors whose resignations were accepted, to act as such until their successors have been duly elected and qualified. Mr. Leonardo Dominguez is concurrently the Vice President and Chief Financial Officer of the Company, while Mr. Federico Pascual is the President and General Manager of GSIS. Item 5. Legal Proceedings Not applicable Item 6. Changes in Securities Not applicable Item 7. Defaults Upon Senior Securities Not applicable Item 8. Change in Fiscal Year Not applicable Item 9. Other Events Not applicable Item 10. Financial Statements and Exhibits Not applicable SIGNATURES Pursuant to the requirements of the Revised Securities Act, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. cdt (SGD.) CYNTHIA ROXAS-DEL CASTILLO Corporate Secretary