Capital Reduction Registration Completed After Cancellation of Forfeited Restricted Employee Shares
Original: 公告本公司註銷收回之限制員工權利新股 辦理減資變更登記完成
Summary
Wistron has completed the statutory capital reduction change registration following the cancellation of restricted employee shares that were reclaimed (forfeited) by the company. This occurs when employees leave or fail to meet vesting conditions before restricted shares fully vest, obligating the company to retire those shares and register a corresponding reduction in paid-in capital. The event is an administrative completion of a routine corporate process and has no material impact on business operations. Full body available on MOPS.
Full Translation
Announcement: Completion of Capital Reduction Change Registration Arising from Cancellation of Reclaimed Restricted Employee Rights Shares. Wistron Corporation announces that the restricted new shares previously granted to employees under its restricted stock plan, which were subsequently reclaimed (i.e., forfeited due to employees departing or not satisfying vesting conditions), have been formally cancelled. The company has completed the required capital reduction change registration with the competent authority in connection with the retirement of these forfeited shares. Under Taiwan corporate law, forfeited restricted employee shares must be cancelled and a corresponding reduction in registered capital must be filed and confirmed by regulators before the process is legally concluded. This filing confirms that procedural requirement has now been fulfilled. [Body not available — subject line only. See MOPS for full announcement.]