LMS Solicits Proxies for Extraordinary General Meeting to Approve Director Remuneration Limit of 2 Billion KRW
LMS is soliciting proxies for its 28th Extraordinary General Meeting to be held on August 4 2026 to ensure quorum and smooth proceedings.
The sole agenda is approval of the director remuneration limit which remains unchanged at 2 billion KRW, while actual compensation paid in the prior period was 935.8 million KRW well below the limit.
The company holds 1,621,127 shares as treasury stock representing 18.22% of outstanding shares with no capital changes or dividend adjustments proposed.
[AI Summary]This proxy solicitation addresses a routine governance item with no capital allocation or dilution impact. The director pay limit is unchanged and treasury stock levels are stable. Overall financial neutrality is maintained with no shareholder value implications.