Komori
Governance6273SMC CORPORATIONMachinery

Notice Regarding the Introduction of an Employee Stock Ownership Trust for Employed Executive Officers

The company has decided to introduce a stock-based incentive plan for employee-type executive officers who do not concurrently serve as directors, under which company shares and other benefits will be provided based on the degree of performance achievement. When the trust is established, it is expected to acquire up to 15,000 company shares for a total amount of ¥750,000,000.

Worth reading
50Recurring
Scored from 1 of 5 sections
Direction
Neutral
Direction inferred from the company’s description.
Scale
750000000
¥
Wording
Conditional
How definitive the wording is.

Contents of this filing

Changes this time

The company resolved to introduce a stock benefit trust for employees as a new stock-based incentive plan for employee-type executive officers who do not concurrently serve as directors.

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 a stock benefit trust for employees as a new stock-based incentive plan for employee-type executive officers who do not concurrently serve as directors.
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 enhance employee-type executive officers’ motivation to contribute to medium- to long-term performance improvement and the enhancement of corporate value. The plan is also expected to increase their awareness of the share price, commitment to improving performance, and awareness of participating in management.

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 an Employee Stock Ownership Trust for Employed Executive Officers | SMC CORPORATION (6273) timely disclosure | Komori