Koei Tecmo Holdings Co., Ltd.
Proposal to introduce Restricted Stock Compensation System at the Annual General Meeting of Shareholders | June 2024
Koei Tecmo Holdings Co., Ltd. announced its intention to put the introduction of a restricted stock compensation system—a form of executive compensation—to a proposal at the Annual General Meeting of Shareholders. The details and purpose of the system are explained.
Key Figures
- Maximum number of restricted stock grants: 220,000 shares annually (including 20,000 shares for outside directors)
- Maximum total compensation: 275 million yen (including 25 million yen for outside directors)
- Recipients: 11 directors (including 6 outside directors)
AI要約
Outline of the System
This system involves granting restricted stock to Koei Tecmo Holdings directors, aiming to promote sustainable enhancement of corporate value and value sharing with shareholders. The grants will be made through issuance or disposal of common shares, or by contributing actual assets in the form of monetary compensation claims, with a maximum of 220,000 shares annually and a total compensation cap of 275 million yen. Approval from the shareholders' meeting is required for implementation.
Impact on Shareholders and Future Outlook
The introduction of this system is expected to result in the issuance of shares to directors, with minimal impact on the floating stock ratio. The purpose of the system is to share long-term shareholder value and improve corporate value, making it an important measure to gain shareholder understanding and approval. The timing of grants and the specific number of shares will be determined by the Board of Directors.
Koei Tecmo Holdings Co., Ltd.
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