Komori
Governance2004Showa Sangyo Co.,Ltd.Food

Notice Regarding the Introduction of a Performance-Linked Stock Compensation Plan

The Board of Directors resolved to introduce a new executive compensation plan under which shares and other benefits will be granted based on performance and share price, and will submit the proposal to the shareholders meeting. The compensation limit for the existing restricted stock compensation plan will be abolished if approved at the shareholders meeting, but shares already granted will remain outstanding.

Worth reading
50Recurring
Scored from 1 of 5 sections
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
326
¥ million (reference amount)
Wording
Conditional
How definitive the wording is.

Contents of this filing

Changes this time

The Company resolved to introduce the performance-linked stock compensation plan, the Share Benefit Trust (BBT-RS), and will abolish the compensation limit for grants of existing restricted stock, subject to approval at the shareholders meeting. Restricted stock already allocated will remain outstanding.

この書類は、機関設計や取締役会の構成そのものは述べていません。上に示したのは、この書類が述べている変更点です。

Contents of this filing
ItemDetails
Changes this timeThe Company resolved to introduce the performance-linked stock compensation plan, the Share Benefit Trust (BBT-RS), and will abolish the compensation limit for grants of existing restricted stock, subject to approval at the shareholders meeting. Restricted stock already allocated will remain outstanding.
Items this document does not state (7)
Corporate Governance StructureNumber of directorsNumber of independent officersCommitteePolicy on cross-shareholdingsTakeover defensesControlling shareholder

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

To clarify the link between compensation for directors and other officers and business performance and share value, and to share with shareholders the benefits of a rising share price and the risks of a decline, thereby fostering greater awareness of achieving medium- to long-term performance improvements and increasing corporate value.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Notice Regarding the Introduction of a Performance-Linked Stock Compensation Plan | Showa Sangyo Co.,Ltd. (2004) timely disclosure | Komori