HODEN SEIMITSU KAKO KENKYUSHO CO.,LTD. [6469.T]
TOKYO, Jun 17 (Pulse News Wire) – Hoden Seimitsu Kako Kenkyusho CO.,LTD. (6469.T) resolved today to issue restricted share awards to four directors as part of its compensation program.
The shares, totaling 3,311 ordinary shares, will be distributed based on cash compensation bonds amounting to ¥1.02 billion. The distribution price per share is set at ¥308,000, with the payment due on July 2, 2026. The purpose of this issuance is to align executive interests with shareholder value, encouraging contributions towards stock price appreciation and corporate growth. Directors will hold these shares until their tenure ends, subject to restrictions preventing transfers during this period.
Should a director resign within the restriction period, the company reserves the right to reclaim the shares without compensation, except under special circumstances approved by the board. Under the agreement, directors must maintain the awarded shares through an account managed by SMBC Nikko Securities. Restrictions will lift upon completion of the initial term or earlier if certain conditions are met, such as continued service up to the next regular shareholders' meeting. In cases of significant organizational changes, such as mergers or spin-offs, restrictions may also be lifted early based on board decisions.
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