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Governance5631The Japan Steel Works,Ltd.Machinery

Notice Regarding Revisions to the Restricted Stock Compensation Plan for Directors (Excluding Outside Directors)

The Company will submit to the General Meeting of Shareholders a proposal to change the transfer restriction period for restricted stock compensation from the current period determined by the Board of Directors within 3 to 5 years from the grant date to the period ending on the date when the eligible director retires from both the position of director and the position of executive officer. Accordingly, the provisions concerning the lifting of transfer restrictions and the treatment upon retirement will also be revised.

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Contents of this filing

Changes this time

The transfer restriction period for restricted stock will be revised from the current period determined by the Board of Directors within 3 to 5 years from the grant date to the period ending on the date when the eligible director retires from both the position of director and the position of executive officer of the Company. Accordingly, the provisions concerning the lifting of transfer restrictions and the treatment upon retirement will also be revised.

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 transfer restriction period for restricted stock will be revised from the current period determined by the Board of Directors within 3 to 5 years from the grant date to the period ending on the date when the eligible director retires from both the position of director and the position of executive officer of the Company. Accordingly, the provisions concerning the lifting of transfer restrictions and the treatment upon retirement will also be revised.
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.

By having eligible directors hold the restricted stock until their retirement, the Company aims to further enhance their motivation to contribute to the sustained improvement of corporate value and to share value with shareholders for as long as possible.

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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 Restricted Stock Compensation Plan for Directors (Excluding Outside Directors) | The Japan Steel Works,Ltd. (5631) timely disclosure | Komori