TOKYO, May 22 (Pulse News Wire) – Nano Holdings,inc. (4571.T) announced today that its board of directors held a meeting on May 22 to revise the compensation structure for directors.
The company plans to increase annual director remuneration from up to ¥200 million to up to ¥500 million, with external directors receiving up to ¥100 million annually. Additionally, the restricted stock award plan will be modified to allow for either (free delivery method) or (physical contribution method). Under the revised plan, the total number of restricted shares granted annually will increase from up to 3 million shares to up to 5 million shares.
The monetary value limit for physical contributions will also rise from up to ¥300 million to up to ¥1 billion per year. These changes will be presented for shareholder approval at the upcoming Annual General Meeting scheduled for June 30. The amendments aim to reflect the growing responsibilities of directors due to increased business scale and changing operating environments, as well as to enhance the attraction of top talent and improve corporate value.
Directors will face restrictions on transferring their shares for a minimum period of three years, subject to certain conditions outlined in the agreement.
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