Suzumo Machinery Co.,Ltd. [6405.T]
TOKYO, May 26 (Pulse News Wire) – Suzumo Machinery CO.,LTD. (6405.T) announced plans to seek shareholder approval for a new compensation framework for directors at its upcoming annual general meeting scheduled for May 26, 2026.
At today’s board meeting, the company resolved to propose changes to the remuneration structure for non-audit committee member directors and audit committee member directors at the upcoming meeting. For non-audit committee member directors, the proposed framework would limit annual compensation to up to 230 million yen, with up to 30 million yen allocated for external directors. Currently, the existing cap stands at 250 million yen per annum.
Should the related amendments to the articles of incorporation and director appointments pass as planned, there will be three non-audit committee directors, including one external director. Regarding audit committee member directors, the proposal sets their annual compensation at up to 50 million yen, reflecting the increased responsibilities associated with the transition to becoming an audit committee company. Assuming the necessary resolutions are approved, the company expects to appoint three audit committee members, two of whom will be external directors.
This restructuring follows the company's plan to shift to an audit committee system, contingent upon shareholder approval at the upcoming meeting on May 26, 2026.
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