ORIX Corp Completes Share Disposal and Forfeiture
Ticker: ORXCF · Form: 6-K · Filed: Dec 2, 2024 · CIK: 1070304
| Field | Detail |
|---|---|
| Company | Orix Corp (ORXCF) |
| Form Type | 6-K |
| Filed Date | Dec 2, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: restricted-stock, share-disposal, corporate-governance
TL;DR
ORIX finished paying for its own shares and some were forfeited. No big drama.
AI Summary
ORIX Corporation announced on December 2, 2024, the completion of payment for the disposal of its own shares as restricted stock and a partial forfeiture. This action is part of the company's ongoing corporate governance and compensation strategies.
Why It Matters
This filing indicates ORIX is managing its share structure and employee compensation plans, which can impact future dilution and shareholder value.
Risk Assessment
Risk Level: low — The filing is a routine corporate action related to share disposal and forfeiture, not indicating significant financial or operational risk.
Key Players & Entities
- ORIX Corporation (company) — Registrant
- December 2, 2024 (date) — Announcement Date
FAQ
What specific type of restricted stock was disposed of by ORIX Corporation?
The filing states it pertains to the 'disposal of own shares as restricted stock' but does not specify the exact type of restricted stock.
What was the date of the announcement regarding the completion of payment?
The announcement was made on December 2, 2024.
What is the Commission File Number for this ORIX Corporation filing?
The Commission File Number is 001-14856.
Does ORIX Corporation file annual reports under Form 20-F or Form 40-F?
ORIX Corporation files annual reports under cover of Form 20-F.
What is the principal executive office address of ORIX Corporation?
The principal executive offices are located at World Trade Center Bldg., SOUTH TOWER, 2-4-1 Hamamatsu-cho, Minato-ku, Tokyo, JAPAN.
Filing Stats: 788 words · 3 min read · ~3 pages · Grade level 15 · Accepted 2024-12-02 06:05:56
Filing Documents
- d861388d6k.htm (6-K) — 21KB
- g861388g1202074215815.jpg (GRAPHIC) — 4KB
- 0001193125-24-268349.txt ( ) — 28KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. ORIX Corporation Date : December 2, 2024 By /s/ Yasuaki Mikami Yasuaki Mikami Member of the Board of Directors Senior Managing Executive Officer Responsible for Corporate Function Unit Responsible for Work Style Reform Project ORIX Corporation Table of Contents Announcement Regarding Completion of Payment for Disposal of Own Shares as Restricted Stock and Partial Forfeiture Tokyo, Japan - December 2, 2024 - ORIX Corporation (the Company) announced today that it has completed the payment procedures for the disposal of own shares as restricted stock, which was decided on October 2, 2024. Additionally, changes have occurred in the initially planned number of shares to be disposed of, the number of allottees, and the total disposal amount due to partial forfeiture. These changes are also outlined below. Please refer to the Announcement Regarding Disposal of Own Shares as Restricted Stock announced October 2, 2024, for details. 1. Outline of Disposal (Changes are Underlined) After Change Before Change (1)Class and number of shares to be disposed 141,300 shares of Common stock of the Company 141,700 shares of Common stock of the Company (2)Disposal price 3,363 Yen per share 3,363 Yen per share (3)Total value of shares to be disposed 475,191,900 Yen 476,537,100 Yen (4)Allottees and number of shares to be disposed Employees of the Company: 234 persons 106,200 shares Employees of the Company subsidiaries*: 81 persons 35,100 shares Employees of the Company: 235 persons 106,600 shares Employees of the Company subsidiaries*: 81 persons 35,100 shares (5)Date of Disposal December 2, 2024 December 2, 2024 * This refers to our wholly owned subsidiary and any company in which all issued shares are owned by our wholly owned subsidiary