TOKYO, May 18 (Pulse News Wire) – Yuasa CO.,LTD. (8074.T) resolved to amend and extend its Board Incentive Plan (BIIP Trust) at a board meeting held.
The plan will continue for five consecutive fiscal years, with an annual cap of ¥900 million per director. Directors will earn shares based on fixed and variable points tied to their roles and performance metrics such as operating profit, return on invested capital, and overseas sales growth. Under the amended plan, directors will receive shares or cash equivalent upon retirement, subject to approval at the upcoming June 25th Annual General Meeting.
The trust will operate until August 31, 2031, with potential extensions contingent on achieving mid-term business plans. Shares obtained through the BIIP Trust will not carry voting rights during the trust period but will accrue dividends which will fund trust expenses. In case of unfulfilled targets leading to residual shares, the company intends to either donate proceeds from selling these shares to non-affiliated entities or cancel them via board resolution.
Any excess funds beyond trust costs will also be donated to unrelated organizations.
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