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Governance7021NITCHITSU CO.,LTD.Machinery

Notice Regarding the Introduction of a Performance-Linked Share Compensation Plan under the Board Benefit Trust (BBT) for Executive Officers

A stock compensation plan will also apply to executive officers, as it does to directors, with benefit levels determined according to the degree of achievement of the performance targets in the medium-term management plan. There will be no changes to the overall plan or to the caps on the trust amount and number of shares for directors.

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Contents of this filing

Changes this time

A performance-linked stock compensation plan will be introduced for executive officers, under which benefit levels will be determined according to the degree of achievement of the performance targets in the medium-term management plan, as they are for directors. There will be no changes to the overall plan, the cap on the trust amount for directors, or the cap on the number of shares and other instruments to be delivered.

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 timeA performance-linked stock compensation plan will be introduced for executive officers, under which benefit levels will be determined according to the degree of achievement of the performance targets in the medium-term management plan, as they are for directors. There will be no changes to the overall plan, the cap on the trust amount for directors, or the cap on the number of shares and other instruments to be delivered.
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 ensure consistency in the compensation structure following changes to the composition of the executive team, clarify the linkage between compensation and share value, and increase executive officers’ motivation to contribute to improved performance.

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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 the Introduction of a Performance-Linked Share Compensation Plan under the Board Benefit Trust (BBT) for Executive Officers | NITCHITSU CO.,LTD. (7021) timely disclosure | Komori