AGC Inc.
Notice of Partial Amendment to the Articles of Incorporation
A partial amendment to the Articles of Incorporation related to the transition to a company with an audit and supervisory committee will be proposed at the Ordinary General Meeting of Shareholders scheduled for March 27, 2026. The main content involves revising provisions due to the transition from the Board of Auditors to the Audit and Supervisory Committee.
Key Figures
- Effective Date of Articles Amendment: 2026-03-27 (Scheduled)
- Number of Directors: Up to 15 (Up to 6 directors who are Audit and Supervisory Committee members)
- Term of Directors: Up to 2 years for directors serving as Audit and Supervisory Committee members, up to 1 year for others
AI要約
Overview of Amendments to the Articles of Incorporation
AGC Inc. has resolved to propose partial amendments to the Articles of Incorporation at the 101st Ordinary General Meeting of Shareholders scheduled for March 27, 2026, accompanying its transition to a company with an audit and supervisory committee. The main amendments include the removal of provisions related to auditors and the board of auditors, and the establishment of provisions concerning audit and supervisory committee members and the audit and supervisory committee. Additionally, new provisions on delegation of important business execution decisions and revisions to regulations regarding the appointment and term of directors are included. This will align the board composition and audit structure with the framework of a company with an audit and supervisory committee.
Impact on Shareholders and Future Schedule
The amendments to the Articles of Incorporation are scheduled to take effect upon approval at the Ordinary General Meeting of Shareholders on March 27, 2026. The transition to a company with an audit and supervisory committee will change the audit system from the board of auditors to the audit and supervisory committee, which is expected to enhance governance. While changes to the method of director appointment and their term will affect shareholders, there will be no direct changes to the number of shares or dividends. The new structure is expected to commence following shareholder approval at the meeting on March 27, 2026.
