SKY Perfect JSAT Corporation [9412.T]
TOKYO, May 13 (Pulse News Wire) – SKY Perfect JSAT Corporation (9412.T) resolved today during its board meeting to adjust director compensation levels, which includes remuneration related to restricted stock grants. The revised proposal will be presented at the upcoming 19th Annual General Meeting scheduled for June 19, 2026.
Previously, the company's annual cap for director compensation was set at ¥300 million, with external directors receiving up to ¥60 million annually. In addition, the restricted stock grant program allows internal directors to receive up to 60 million yen per year, subject to certain conditions. However, due to rapid changes in the operating environment, the responsibilities expected of directors have intensified and diversified. To maintain fair compensation aligned with their duties and ensure the retention of top talent, SKY Perfect JSAT plans to increase the annual compensation limit to ¥500 million, with external directors capped at ¥100 million.
Furthermore, the company will revise the restricted stock grant program to allow internal directors to receive up to ¥100 million per year for such grants. Other aspects of the restricted stock program remain unchanged, with the total number of ordinary shares granted or distributed to eligible directors still limited to 260,000 shares annually. This adjustment reflects the company’s commitment to enhancing long-term value through aligning executive incentives with shareholder interests. The revised proposals aim to strengthen accountability and performance alignment among senior leadership.
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