TOKYO, Apr 17 (Pulse News Wire) – Hamai Industries LTD (6497.T) resolved today to issue restricted stock awards to its executives as part of a compensation program approved at its 91st Ordinary General Meeting held on March 28, 2023. The company plans to distribute 7,585 shares of common stock valued at ¥1,318 per share to six directors on May 8, 2026, totaling ¥10.0 million.
Under the agreement, the restricted period begins on May 8, 2026, and ends either upon the director's resignation or completion of their term as a director. Directors who remain in office until the next ordinary general meeting scheduled for March 31, 2027, will have their restrictions lifted entirely.
Those who resign earlier due to reasons deemed valid by the board will retain partial lifting based on tenure calculations. Additionally, the company outlined procedures for managing these shares through SMBC Nikko Securities Co., Ltd., ensuring compliance with regulatory requirements during the restriction period.
In cases of significant organizational restructuring involving mergers or spin-offs, the board retains discretion to adjust the lifting conditions accordingly.
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