Internet Initiative Japan Resolves that Stock Acquisition Rights be Issued to Directors and Executive Officers
Internet Initiative Japan Inc. ("IIJ") (NASDAQ: IIJI) announced that IIJ's Board of Directors today resolved that stock-compensation-type stock options (Stock Acquisition Rights) be issued to Directors (excluding Part-time and Outside Directors) and Executive Officers of IIJ, in accordance with the provisions of Articles 236 Paragraph 1, Article 238 Paragraph 1 and 2 and Article 240 Paragraph 1 of the Company Law, as follows.
1. The reason for issuing the Stock Acquisition Rights as Stock Options
The purposes of issuing the Stock Acquisition Rights as Stock Options for Directors (excluding Part-time and Outside Directors) and Executive Officers of IIJ are to further promote their motivation and incentives to contribute to the enhancement of the mid- to long-term continuous business performance and corporate value.
2. Details of Issuance of Stock Acquisition Right
(1) Name of the stock acquisition rights
Internet Initiative Japan Inc. Stock Acquisition Rights (3rd series)
(2) Maximum number of stock acquisition rights: 135
The maximum number as described above is the number of planned allotments. If the maximum number of the stock acquisition rights to be allotted is decreased due to no subscription for some of the rights, etc,