TOKYO, May 27 (Pulse News Wire) – Extreme CO.,LTD. (6033.T) announced today that its board of directors has approved proposals to amend certain provisions of its articles of incorporation, which will be presented at the upcoming annual shareholders’ meeting scheduled for May 27, 2026.
Key amendments include increasing the upper limit of the number of directors from five to twelve to strengthen management. Additionally, director terms will be shortened from two years to one year to enhance responsiveness to changing business environments. The company also plans to establish a provision allowing the board of directors to make dividend decisions more flexibly, while removing overlapping clauses related to share repurchases and consolidating interim dividend regulations.
Furthermore, the company intends to implement measures within legal limits to exempt or limit the liability of outside directors and auditors, ensuring their roles are performed effectively. All proposed changes have received consent from the supervisory board members. The amendments are expected to take effect on June 24, 2026, contingent upon shareholder approval at the meeting.
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