Source disclosure: February 13, 2026
LUCKLAND CO.,LTD. [9612.T]
TOKYO, Feb 13 (Pulse News Wire) – Luckland CO.,LTD. (9612.T) introduced a restricted share compensation plan aimed at incentivizing its directors to enhance corporate value sustainably and promote greater alignment with shareholders' interests.
The plan was approved during a board meeting held, and will be presented for shareholder approval at the company's 56th annual general meeting scheduled for March 30, 2026. Under the new scheme, non-audit committee directors will receive up to ¥90 million per annum in monetary compensation bonds, while audit committee directors will receive up to ¥30 million. Additionally, external directors will be capped at ¥27 million annually. These bonds will be converted into restricted shares through a physical contribution method, subject to certain conditions outlined in the agreement.
The total number of restricted shares allocated to directors will be limited to 60,000 shares for non-audit committee directors (including 18,000 shares for external directors) and 20,000 shares for audit committee directors per fiscal year. Shares will be adjusted reasonably in case of stock splits or mergers affecting the company’s ordinary shares after the resolution date. Furthermore, the plan includes restrictions on transferring these shares until the director leaves their designated position within a set timeframe. In cases where a director fails to meet these criteria, the company reserves the right to reclaim the shares without compensation.
The plan also outlines procedures for handling organizational restructuring scenarios involving the company's dissolution or significant changes in structure.
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