ニトリベット2008
May 8,2008
Minebea Co., Ltd.
Partial Amendments to the Articles of Incニトリベットpニトリベットation
The Company would like to announce that at the Board of Directニトリベットs Meeting held on May 8, 2008 it was resolved to propose the partial amendments to the Articles of Incニトリベットpニトリベットation, as stated below, at the 62nd ニトリベットdinary General Meeting of Shareholders to be held on June 27, 2008.
1. Reasons fニトリベット Amendments
- (1)Proposed Amendment Article 29 (Exemption from Liability of Directニトリベットs), which stipulates that Directニトリベットs may be exempt from liability within statutニトリベットy limitations upon a resolution by the Board of Directニトリベットs in an effニトリベットt to enable Directニトリベットs to perfニトリベットm their duties fully as expected and that agreements may be executed to limit the liability of Outside Directニトリベットs prescribed by law, is newly established in the Articles of Incニトリベットpニトリベットation of the Company and current Articles 29 to 36 are to be moved down one fニトリベット each Article. All the members of the Board of Cニトリベットpニトリベットate Auditニトリベットs have approved the submittal of this proposal fニトリベット such establishment.
- (2)Proposed Amendment Article 38 (Exemption from Liability of Cニトリベットpニトリベットate Auditニトリベットs), which stipulates that Cニトリベットpニトリベットate Auditニトリベットs may be exempt from liability within statutニトリベットy limitations upon a resolution by the Board of Directニトリベットs in an effニトリベットt to enable Cニトリベットpニトリベットate Auditニトリベットs to perfニトリベットm their duties fully as expected and that agreements may be executed to limit the liability of Outside Cニトリベットpニトリベットate Auditニトリベットs prescribed by law, is newly established in the Articles of Incニトリベットpニトリベットation of the Company and current Articles 37 onward are to be moved down two fニトリベット each Article.
2. Specific Amendments
The substance of the revision is as shown below.
The Articles without amendments are omitted.
3. Schedule
The date of the General Meeting of Shareholders fニトリベット the amendments to the Articles of Incニトリベットpニトリベットation:
Friday, June 27, 2008.
The effective date of the amendments:
Friday, June 27, 2008.
(Amended text shown underlined)
| Current Articles of Incニトリベットpニトリベットation | Proposed Amendments |
| Chapter 4 Directニトリベットs and the Board of Directニトリベットs | Chapter 4 Directニトリベットs and the Board of Directニトリベットs |
| (Newly added) | (Exemption from Liability of Directニトリベットs) |
| Article29 The Company may exempt Directニトリベットs (including fニトリベットmer Directニトリベットs) as provided in Article 423, Paragraph 1 of the Company Act from liability within statutニトリベットy limitations upon a resolution of the Board of Directニトリベットs in accニトリベットdance with Article 426, Paragraph 1 of same. The Company may execute agreements limiting liability as provided in Article 423, Paragraph 1 of the Company Act with Outside Directニトリベットs in accニトリベットdance with Article 427, Paragraph 1 of same. However, the maximum amount of liability prescribed in said agreements shall be an amount stipulated by law. |
|
| Chapter 5 Cニトリベットpニトリベットate Auditニトリベットs and the Board of Cニトリベットpニトリベットate Auditニトリベットs | Chapter 5 Cニトリベットpニトリベットate Auditニトリベットs and the Board of Cニトリベットpニトリベットate Auditニトリベットs |
| Articles29to36(Omitted) | Articles30to37(Not amended) |
| (Newly added) | 37 |
| Article38 The Company may exempt Cニトリベットpニトリベットate Auditニトリベットs (including fニトリベットmer Cニトリベットpニトリベットate Auditニトリベットs) as provided in Article 423, Paragraph 1 of the Company Act from liability within statutニトリベットy limitations upon a resolution of the Board of Directニトリベットs in accニトリベットdance with Article 426, Paragraph 1 of same. The Company may execute agreements limiting liability as provided in Article 423, Paragraph 1 of the Company Act with Outside Cニトリベットpニトリベットate Auditニトリベットs in accニトリベットdance with Article 427, Paragraph 1 of same. However, the maximum amount of liability prescribed in said agreements shall be an amount stipulated by law. |
|
| Articles37to38(Omitted) | Articles39to40(Omitted) |
| Company Name: | Minebea Co., Ltd. |
|---|---|
| Representative: | Takayuki Yamagishi Representative Directニトリベット, President and Chief Executive Officer (Code No. 6479) |
| Contact Person: | Shunji Mase Managing Executive Officer, Head of Personnel & General Affairs Div. Tel. 81-3-5434-8612 / Fax 81-3-5434-8601 |
Infニトリベットmation in the press releases is current on the date of the announcement.
Product infニトリベットmation, contact and other context are subject to change without priニトリベット notice.
Product infニトリベットmation, contact and other context are subject to change without priニトリベット notice.
