TOKYO, May 22 (Pulse News Wire) – Akatsuki Inc. (3932.T) resolved at its board meeting held on May 22 to propose stock options as part of director compensation at its upcoming annual shareholders' meeting scheduled for June 25.
The proposal includes granting up to ¥100 million per annum in addition to existing monetary compensation capped at ¥500 million. The stock options will allow directors to acquire up to 800 subscription rights annually, each representing 100 common shares. Exercise prices will be based on closing prices from the Tokyo Stock Exchange on the grant date, adjusted for subsequent share splits or consolidations.
Separately, the company plans to detail individual director compensation specifics in a notice set for release on June 3. The proposed structure ensures low dilution rates, with newly issued shares constituting less than 0.6% of the outstanding share count. Any adjustments to exercise prices due to future corporate actions such as mergers or share issuances below market value will follow predefined formulas aimed at maintaining fair valuation metrics.
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