Komori
Governance7278EXEDY CorporationAutomobiles and transportation equipment

Notice Concerning the Introduction of a Performance-Linked Restricted Stock Compensation Plan for Executive Officers

In connection with the transition to a company with a Nominating Committee, etc., the existing restricted stock compensation plan was discontinued and changed to a performance-linked plan under which shares are granted based on the degree of achievement of performance targets, including consolidated ROE. The plan applies to the executive officers following the transition.

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Governance structure

Company with Three Committees
Committee1
Compensation committee
Changes this time

In connection with the transition to a company with a Nominating Committee, etc., a performance-linked restricted stock compensation plan was introduced in place of the existing restricted stock compensation plan.

Governance structure
ItemDetails
Corporate Governance StructureCompany with Three Committees
CommitteeCompensation committee (percentage of outside members: not disclosed)
Changes this timeIn connection with the transition to a company with a Nominating Committee, etc., a performance-linked restricted stock compensation plan was introduced in place of the existing restricted stock compensation plan.
Items this document does not state (5)
Number of directorsNumber of independent officersPolicy 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 clarify the linkage between executive compensation, the Company's performance and share value, and to provide an incentive for the sustained enhancement of corporate value through improved performance over the medium to long term.

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 Concerning the Introduction of a Performance-Linked Restricted Stock Compensation Plan for Executive Officers | EXEDY Corporation (7278) timely disclosure | Komori