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General Meetings of Shareholders6803TEAC CORPORATIONElectrical Equipment and Precision Instruments

Notice of Convocation of the 78th Ordinary General Meeting of Shareholders

The company announced that the 78th Annual General Meeting of Shareholders will be held and that 4 proposals will be submitted, concerning the disposition of surplus, the election of directors, and the introduction of performance-linked stock compensation. The proposed director slate will change Kaneko Yasuyo (金子靖代) from an outside director to a director serving as an Audit and Supervisory Committee member, while Matsuno Yosuke (松野陽介) will newly be proposed as a director who is not an Audit and Supervisory Committee member.

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Resolutions for the General Meeting of Shareholders

Annual (78th)
2026
Jun 26
Date and time25 days from this disclosure to the meeting
Matters for resolution4 items

  1. Appropriation of surplus

  2. Election of 3 directors, excluding directors who are Audit and Supervisory Committee members

  3. Election of 3 Directors who are Audit & Supervisory Committee Members

  4. Determination of the amount and details of compensation and other payments to directors, excluding directors serving as Audit and Supervisory Committee members and outside directors, under a performance-linked stock compensation plan (phantom stock)

Company proposal only. The company states that there was no shareholder proposal.A shareholder proposal is a resolution submitted by a shareholder, rather than by the company.
Director nominee
6Nominees
2New
4Outside
Resolutions for the General Meeting of Shareholders
ItemDetails
Type of shareholders' meetingAnnual (78th)
Date and time10:00 a.m., Friday, 26 June 2026
Matters for resolutionProposal 1: Appropriation of surplus, Proposal No. 2: Election of 3 directors, excluding directors who are Audit and Supervisory Committee members, Proposal 3: Election of 3 Directors who are Audit & Supervisory Committee Members, Proposal No. 4: Determination of the amount and details of compensation and other payments to directors, excluding directors serving as Audit and Supervisory Committee members and outside directors, under a performance-linked stock compensation plan (phantom stock)
Shareholder ProposalNone
Director nominee6 (including 2 new candidates and 4 outside directors)
Items this document does not state (1)
Percentage voting in favor

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The reasons the company gives

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

The purposes are to pay a year-end dividend in line with the policy of returning profits to shareholders, elect directors as their terms expire, and introduce a performance-linked stock compensation system to increase directors’ motivation to achieve the medium-term management plan and annual business plan and to align their interests with those of shareholders.

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Notice of Convocation of the 78th Ordinary General Meeting of Shareholders | TEAC CORPORATION (6803) timely disclosure | Komori