Komori
Governance5356MINO CERAMIC CO.,LTD.Construction and Materials

Notice Regarding Revisions to the Performance-Linked Stock Compensation Plan

The performance-linked stock compensation plan for directors and others will be revised to BBT-RS, under which the shares awarded cannot be transferred until the recipient leaves office. The revision is subject to approval at the General Meeting of Shareholders.

Worth reading
50Recurring
Scored from 1 of 5 sections
Direction
Neutral
Direction inferred from the company’s description.
Scale
496700
Shares (maximum number acquired for each eligible period)
Wording
Conditional
How definitive the wording is.

Governance structure

Company with an Audit and Supervisory Committee
Changes this time

The current BBT performance-linked stock compensation plan will be revised to BBT-RS, under which the awarded shares will be subject to transfer restrictions until the recipient leaves office. Following the revision, a comprehensive transfer restriction agreement will be entered into for shares awarded during the recipient's tenure.

Governance structure
ItemDetails
Corporate Governance StructureCompany with an Audit and Supervisory Committee
Changes this timeThe current BBT performance-linked stock compensation plan will be revised to BBT-RS, under which the awarded shares will be subject to transfer restrictions until the recipient leaves office. Following the revision, a comprehensive transfer restriction agreement will be entered into for shares awarded during the recipient's tenure.
Items this document does not state (6)
Number 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 share with shareholders not only the benefits of a rising share price but also the risks of a decline, and to heighten awareness of improving performance and increasing corporate value over the medium to long term. In addition, to foster alignment from a shareholder perspective by granting rights equivalent to those of shareholders, including voting and dividend rights.

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 Revisions to the Performance-Linked Stock Compensation Plan | MINO CERAMIC CO.,LTD. (5356) timely disclosure | Komori