Maruha Nichiro : Notice Regarding the Postponement of the Introduction of the Performance-linked Stock Compensation Plan
August 08, 2022 at 07:24 am
Share
August 8, 2022
Company name:
Maruha Nichiro Corporation
Stock exchange listing:
Tokyo Stock Exchange, Prime Market
Stock code:
1333
URL https://www.maruha-nichiro.com/
Representative:
Title:
President
Name:
Masaru Ikemi
Inquiries:
Hiroyuki Metoki
Acting General Manager of Corporate Planning Department
Phone:
+81 (0)3 6833 1195
Notice Regarding the Postponement of the Introduction of
the Performance-linked Stock Compensation Plan
Maruha Nichiro Corporation (hereinafter referred to as "the Company") has decided to introduce a performance-based stock compensation plan, the "Stock Benefit Trust (BBT = Board Benefit Trust)" (hereinafter referred to as the "Plan") pursuant to the resolution at the 78th Ordinary General Meeting of Shareholders held on June 28, 2022. However, due to various circumstances, the Company has decided to make the following changes to the date of the execution and postpone the introduction of the Plan.
1. Change to the contract date, etc. of the trust agreement for the Plan Summary of the Trust
1)
Name
Board Benefit Trust
2)
Entrustor
The Company
3)
Trustee
Mizuho Trust & Banking Co., Ltd.
(Re-trustee: Custody Bank of Japan, Ltd.)
4)
Beneficiaries
Retired directors (excluding outside directors
and domestic nonresidents) and executive
officers (excluding domestic nonresidents) who
meet the requirements for beneficiaries as
stipulated in the Directors' and Corporate
Auditors' Share Benefit Regulations.
5)
Trust Administrator
A third party that has no conflict of interest with
the Company is to be selected
6)
Type of Trust
Money held in trust other than in the form of a
monetary trust (third party beneficiary trust)
7)
Date of execution of the trust agreement
(Before change) August 2022 (scheduled)
(After change) To be determined
8)
Date on which funds are entrusted
(Before change) August 2022 (scheduled)
(After change) To be determined
9)
Period of the Trust
(Before change) From August 2022 (scheduled)
until the termination of the Trust. (No specific
termination date is set, and the Trust will
continue as long as the Plan continues.)
(After change) To be determined
2. Future Schedule
As this matter is regarding only to the planned date of the trust agreement, there will be no change in the policy itself or details of the plan other than the above. At this time, the date after the change has not yet been determined, but we will promptly announce the date of the trust agreement and other details once they are finalized.
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Maruha Nichiro Corp. published this content on 08 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 August 2022 06:23:04 UTC.
Maruha Nichiro Corporation is a Japan-based company principally engaged in the fishing, aquaculture, food manufacture, processing and sale business. The Company operates in five business segments. Fishery & Aquaculture segment is involved in fishery business, aquaculture business and the procurement of fishery resources. Trading segment is involved in the procurement and sale of marine products and livestock products. Overseas segment is involved in the sale of marine products and processed foods, as well as the producing and sale of surimi. Processing segment is involved in the manufacture and sale of frozen foods, canned foods, fish sausages, chikuwa, desserts, seasonings, freeze-dried products, and chemical products. Logistics segment stores and transports frozen products. The Company is also involved in the feed storage, shipping, real estate business, as well as the manufacture and sale of furs and pet foods.