TSUZUKI DENKI CO.,LTD. [8157.T]
TOKYO, May 15 (Pulse News Wire) – Tsuzuki Denki CO.,LTD. (8157.T) announced today that its equity compensation plan for directors and executive officers will continue until March 31, 2029, following approval at its upcoming annual shareholders' meeting scheduled for June 26, 2026.
The board approved extending the plan's duration by three years, ending the current cycle on September 30, 2026, and beginning a new cycle from April 1, 2027 through March 31, 2029. Under the revised plan, the company will cap contributions to the Board Incentive Plan Trust at May 15, 2026 per fiscal year. Additionally, the total number of points granted annually to directors will be limited to June 26, 2026, with a cumulative limit of March 31, 2027 shares based on performance metrics such as operating profit, engagement index, and total shareholder return (TSR).
Directors will receive shares based on their accumulated points upon retirement or other qualifying events, subject to adjustments for stock splits or consolidations during the trust period. The changes also apply to executive officers, who will face similar contribution limits and point allocations. Other aspects of the plan remain unchanged since the last update disclosed on May 12, 2023.
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