DENSO board proposes additional stock options
Shareholders of DENSO Corp. will get the opportunity to vote on a proposal that would allow additional stock options to be issued to the company's directors, managing officers and employees as non-monetary remuneration.
If the proposal from Denso's board of directors is accepted, shareholders also will decide on the calculation method used to determine the value of the stock acquisition rights .
The proposal will be presented at the 83rd annual General Meeting of Shareholders on June 27, 2006.
For more information, visit www.globaldenso.com.