TOKYO, Jun 24 (Pulse News Wire) – Hakudo CO.,LTD. (7637.T) announced that the company's 77th annual general meeting held on June 24 approved the introduction of restricted stock compensation plans for all directors, including audit committee members and outside directors.
Following this approval, the board of directors decided to amend the individual director remuneration policy based on the revised director compensation system disclosed on May 13, 2026. Under the amended policy, basic salaries will be determined based on role, tenure, and whether the position is permanent or non-permanent. Performance-linked bonuses, consisting of short-term incentives and long-term incentives, will be calculated based on achieving plan targets and improving past performance metrics such as operating profit and CO2 emissions reduction. Non-cash rewards, including equity grants, will also be distributed according to predefined criteria and ratios.
Specifically, the total amount of cash awards granted annually will be within ¥55 million for non-audit committee directors (¥9 million for external directors). The corresponding number of ordinary shares issued will be up to 34,000 shares per year (up to 6,000 shares for external directors). For audit committee directors, the limits are ¥22 million (¥12 million for external directors) and 14,000 shares shares (up to 8,000 shares for external directors). Additionally, the policy includes restrictions on transferring awarded shares until the director leaves their position at Hakudo or its subsidiaries.
In cases of early departure without valid reasons, the company reserves the right to acquire the restricted shares.
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