Introduction of Stock Option Scheme as Stock-based Compensation
Tokyo, May 13, 2016 --- Hitachi, Ltd. (TSE: 6501, “Hitachi”) resolved to introduce a policy to grant stock options as stock-based compensation (stock acquisition rights), with stock price conditions, to Executive Officers at the meeting of the compensation committee held today. Furthermore, Hitachi introduced a policy to grant similar stock options as stock-based compensation (stock acquisition rights) to Corporate Officers, the executive positions next to Executive Officers. The issuance of stock acquisition rights based on this policy is subject to decisions by President as to the subscription requirement and allotment of stock acquisition rights to each Executive Officer and Corporate Officer pursuant to authority delegated on delegation by a resolution of the Board of Directors.
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Japan : Mickey Takeuchi
U.S. : Tamie Nagamoto
Hitachi America, Ltd.