2020
June 26, 2020
MINEBEA MITSUMI Inc.
Notice Regarding Determination of Details for Performance-Linked Stock Remuneration Plan
MINEBEA MITSUMI Inc. (the "Company") hereby announces that a resolution was made at a meeting of the Board of Directors held today concerning the details of the performance-linked stock remuneration plan (hereinafter the "Plan") which a meeting of the Board of Directors held on May 8, 2020 resolved to introduce for the Company's directors (excluding outside directors; hereinafter the same) and which was approved at the 74th Ordinary General Meeting of Shareholders held today on June 26, 2020. The detail of the Plan is as follows;
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1. Outline of the Trust
| (1) Name | Board Benefit Trust |
|---|---|
| (2) Entrustor | The Company |
| (3) Trustee | Sumitomo Mitsui Trust Bank, Limited (Re-trusted to Japan Trustee Services Bank, Ltd.) |
| (4) Beneficiaries | Directors who meet the requirements |
| (5) Trust administrator | To be selected from third parties having no conflict of interests |
| (6) Exercise of voting rights | No voting rights will be exercised for the shares in the Trust during the Trust period |
| (7) Type of trust | Money trust other than cash trusts (third-party-benefit trust) |
| (8) Date of conclusion of the Trust Agreement | July 13, 2020 |
| (9) Date on which money will be trusted | July 13, 2020 |
| (10) Trust termination date | End of July, 2023 |
2. The Company's Shares to be acquired for the trust
| (1) The type of shares to be acquired | Common shares |
|---|---|
| (2) The amount of funds the Company entrusts for acquiring the shares | 239,951,200 yen |
| (3) The method of acquiring the shares | 122,800 shares |
| (4) The method of acquiring the shares | Disposition of the Company's treasury stock |
| (5) Date on which the shares are to be acquired | July 13, 2020 |
| Company Name: | MINEBEA MITSUMI Inc. |
|---|---|
| Representative: | Yoshihisa Kainuma Representative Director, CEO & COO (Code No. 6479, TSE Div. No. 1) |
| Contact: | Motohide Ishigami Executive Officer, Officer in charge of Personnel & General Affairs Div. |
| Phone: | +81-(0)3-6758-6712 |
Information in the press releases is current on the date of the announcement.
Product information, contact and other context are subject to change without prior notice.
Product information, contact and other context are subject to change without prior notice.
