Ridge-i Inc.
Notice regarding the revision of director compensation and the introduction of a restricted stock compensation plan
A proposal to revise director compensation to a maximum of 200 million yen per year (including up to 15 million yen for outside directors) and to introduce a restricted stock compensation plan. For eligible directors, cash compensation will be provided, and stock will be issued and transferred in exchange for cash contributions. The plan requires approval by the general meeting of shareholders.
Key Figures
- Annual revision cap: 200 million yen
- Outside director cap: 15 million yen
- Directors' new stock total: up to 15,000 shares per year (outside directors up to 1,200 shares)
- Auditors' stock total: up to 2,000 shares per year
- Adjustments for stock splits/units after allocation date
AI要約
Overview
Ridge-i has resolved to raise the current annual director remuneration limit from 100 million yen to 200 million yen and to introduce a restricted stock compensation plan. The plan applies to both directors (excluding those who are auditors) and directors who are auditors, with cash compensation and acquisition/issuance of stock by paid-in cash. The implementation of the plan requires approval by the shareholders' meeting.
Details and impact of the plan
Directors will receive cash compensation of up to 35 million yen per year (outside directors up to 3 million yen; excluding employee salaries), and stock will be issued/disposed up to 15,000 shares per year (outside directors up to 1,200 shares). For directors who are auditors, annual cash compensation is up to 5 million yen and total stock up to 2,000 shares per year, with likewise payment by cash and acquisition via in-kind contributions. The plan includes detailed contractual terms on vesting periods and termination conditions, and becomes effective after approval by the shareholders' meeting.
Ridge-i Co., Ltd.
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