System Integrator Corp. [3826.T]
TOKYO, Apr 17 (Pulse News Wire) – System Integrator Corp. (3826.T) announced today that its board of directors approved amendments to its equity-based compensation plan for executive directors.
The changes aim to enhance alignment between director remuneration and company performance, ensuring greater value-sharing with shareholders. The proposed amendments will be presented to the 31st Annual General Meeting scheduled for May 28, 2026. Under the revised plan, the total number of shares subject to issuance will increase from 40,000 to 80,000. Additionally, the monetary component of the compensation will now be capped at ¥60 million instead of ¥30 million. These adjustments are designed to accommodate potential future increases in the number of executives. The amended system will evaluate executive performance based on cumulative ordinary profit targets set out in the two-year business plan spanning fiscal years 2027 to 2028.
Performance metrics will determine payout rates ranging from ０% to 120%. Successful achievement of these goals will result in share grants and cash payouts, with adjustments made for tax implications. Subsequent evaluation periods will commence immediately upon conclusion of each two-year cycle, contingent on shareholder approval. Executives will receive their rewards within six months of the final fiscal year's end, with the exact amount determined through a formula that considers base allocation, performance attainment, and stock price at the time of delivery. Cash awards and share allocations will be prorated among all eligible executives to ensure the aggregate does not exceed ¥60 million. Any executive who resigns prior to the resolution date or fails to meet stipulated conditions will forfeit their entitlements under the scheme.
Adjustments will also be made for any stock splits or consolidations occurring during the plan’s duration.
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