Maxell Announces Share Disposition for Executives and Employees

TOKYO, Jul 31 (Pulse News Wire) – Maxell,ltd. (6810.T) announced today that its board of directors has approved the repurchase of restricted shares as part of its stock compensation program.

The repurchase, scheduled for August 20, 2026, involves distributing ordinary shares worth ¥2,058 per share to three executives and 110 employees. The total value of the transaction is ¥44.8 million. The purpose of this initiative is to enhance executive and employee engagement through stock ownership, fostering greater alignment with shareholders' interests. Shares allocated to executives will be subject to restrictions until their departure from designated positions, while those allocated to employees will remain restricted for five years.

The distribution will occur based on individual contributions and performance metrics. Additionally, the company outlined conditions for lifting restrictions on these shares. Restrictions will be lifted upon completion of the stipulated holding periods or earlier under certain circumstances, such as organizational restructuring or resignation due to valid reasons recognized by the company. Shares held by individuals who fail to meet the criteria will be acquired by Maxell without compensation.