TOKYO, May 15 (Pulse News Wire) – SMS CO.,LTD. (2175.T) announced today that its board of directors held, revised director compensation policies and introduced a post-issuance equity plan for President Masaki Takahata.
The changes will be presented for shareholder approval at the 23rd Annual General Meeting scheduled for June 19, 2026. Under the revised policy, internal directors' annual compensation will be capped at ¥200 million per annum, replacing stock options with cash bonuses. External directors’ basic salary will be set at ¥100 million annually.
The total number of shares issuable under the performance-based share award program (PSU) will be limited to 85,000 units, while non-performance-based awards (RSU) will cap at 115,000 units. Both programs cover the five-year period from April 1, 2026, to March 31, 2031. Additionally, the company plans to introduce a post-issuance equity plan specifically for Takahata aimed at aligning his interests with shareholders and promoting long-term value creation.
This plan requires shareholder approval at the upcoming AGM and includes provisions for forfeiture or repayment of benefits in case of significant misconduct or accounting errors.
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