TDK : Issue of Stock Acquisition Rights as Stock Options for a Stock-Linked Compensation Plan
July 31, 2015 at 03:26 am EDT
Share
Stock acquisition right holders may exercise stock acquisition rights within the respective periods stipulated by the following cases (a) and (b) within the period in 5. above (however, in the case of (b), excluding the case where a stock acquisition right holder is to be allotted stock acquisition rights of a restructured company pursuant to 9. above under the provisions of a merger agreement, share exchange agreement, or share transfer plan).
(a)
In the event that a stock acquisition rights holder loses his or her position as either officer (director, audit & supervisory board member and corporate officer) or employee of the Company (including full-time executive adviser, consultants and contract employees, but excluding part-time executive adviser, consultants and part-time contract employees.)
Seven years from the day after losing the position
(b)
In cases where the General Meeting of Shareholders has approved by resolution either a proposal for a merger agreement in which the Company is to be dissolved, or a proposal for a share exchange agreement or share transfer plan in which the Company is to become a wholly owned subsidiary (or in cases where a resolution of the General Meeting of Shareholders is not necessary, a resolution of the Board of Directors).
15 days from the day following the date of the approval
TDK Corporation specialises in the design, manufacture and sales of electronic products and recording equipment. Net sales break down by family product as follows:
- rechargeable batteries and energy converters (46.9%);
- electronic equipment and components (33.1%): ceramic capacitors, ferrites, magnets, inductors, high-frequency components, transformers, converters, thermistors, etc.;
- recording equipment (13.5%): recording appliances (notably magnetic heads for hard disks, heads for disk drives and thermal printer heads), recording equipment (audio and video cassettes, optical disks, computer data storage tapes, PC cards, etc.);
- other (3.5%): rechargeable batteries, memory cards, displays and mechatronic equipment.
Net sales break down geographically as follows: Japan (8%), China (56.8%), Asia (18.7%), Europe (10%) and Americas (6.5%).