KOEI TECMO HOLDINGS CO.,LTD. [3635.T]
TOKYO, May 18 (Pulse News Wire) – Koei Tecmo Holdings CO.,LTD. (3635.T) resolved to seek shareholder approval for a restricted stock compensation plan at its upcoming annual general meeting scheduled for June 18.
The plan aims to incentivize directors to enhance long-term corporate value while fostering greater alignment with shareholders' interests. Under the proposed scheme, directors would receive restricted shares either through direct issuance or via conversion of cash-based compensation into equity. The total number of ordinary shares issuable annually under this plan is capped at 220,000 (with 20,000 allocated for outside directors). The aggregate monetary value of such grants is limited to ¥275 million per annum (including up to ¥25 million for external directors).
Shares granted under this program cannot be transferred until the director leaves their position as defined by the board. In addition, the company plans to extend similar benefits to executives and directors of its subsidiaries contingent upon shareholder endorsement of the proposal. At the current share count as of March 31, 2026, the maximum issuance would amount to 220,000 shares, representing approximately 0.07% of the outstanding shares. The company expects this move to have a negligible impact on its free float ratio.
This initiative underscores KOEI TECMO's commitment to aligning executive incentives with shareholder value creation over the long term.
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