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The Lopez family drama just found a new battleground: the corporate calendar.
First Philippine Holdings Corp. (FPH) has hit pause on its 2026 annual stockholders’ meeting—an unusual move that underscores how deep the rift has gone.
In a disclosure on Monday, the firm said its board decided to defer the May 28 meeting until legal issues tied to chairman and CEO Federico “Piki” Lopez and Lopez Inc. are resolved .
That’s not a small matter. Annual meetings are typically routine—used to ratify decisions, elect directors and signal stability. Postponing one suggests the opposite.
