UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 under
the Securities Exchange Act of 1934
the Securities Exchange Act of 1934
For the month of July, 2009
COMMISSION FILE NUMBER: 1-7239
KOMATSU LTD.
Translation of registrant’s name into English
3-6 Akasaka 2-chome, Minato-ku, Tokyo, Japan
Address of principal executive office
Address of principal executive office
Indicate by check mark whether the registrant files or will file annual reports under cover of Form
20-F or Form 40-F.
Form 20-F þ Form 40-F o
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by
Regulation S-T Rule 101(b)(1): o
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by
Regulation S-T Rule 101(b)(7): o
Indicate by check mark whether the registrant by furnishing the information contained in this Form
is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the
Securities Exchange Act of 1934.
Yes o No þ
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with
Rule 12g3-2(b): 82-
INFORMATION TO BE INCLUDED IN REPORT
| 1. | Two company announcements made on July 14, 2009. |
2
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.
| KOMATSU LTD. (Registrant) |
||||
| Date: July 15, 2009 | By: | /s/ Kenji Kinoshita | ||
| Kenji Kinoshita | ||||
| Director and Senior Executive Officer | ||||
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Komatsu Ltd.
Corporate Communications Dept.
Tel: +81-(0)3-5561-2616
Date: July 14th, 2009
URL: http://www.komatsu.com/
Issuance of Stock Acquisition Rights as Stock Options to Company Directors
Komatsu Ltd. (hereinafter “Company”) hereby announces that at the meeting of the Board of Directors
held on July 14, 2009, the Company resolved the details of the terms and conditions of the issuance
of rights to subscribe for or purchase shares of the Company (Stock Acquisition Right) for the
purpose of granting stock option to directors, pursuant to the provisions of Article 236, Article
238, and Article 240 of the Corporation Act, and a resolution at the 138th Ordinary
General Meeting of the Shareholders of the Company.
[Description]
| 1. | Reason to issue the Stock Acquisition Rights: |
|
To raise the morale and motivation of directors for their contributions to the improvement of the
consolidated performance of the Company. |
||
| 2. | The name of Stock Acquisition Rights: |
|
Eleventh Stock Acquisition Rights of Komatsu Ltd. |
||
| 3. | Type and number of shares to be issued upon the exercise of Stock Acquisition Rights: |
|
The shares to be issued for the Stock Acquisition Rights shall be ordinary shares, and the number
of shares subject to one Stock Acquisition Right (hereinafter “Number of Shares Granted”) shall
be 1,000 shares. |
||
However, after July 14, 2009, if the Company effects a stock split of its ordinary shares
(including allotment of ordinary shares to shareholders without consideration; the same applies
hereinafter) or effects a stock consolidation, the Number of Shares subject to one Stock
Acquisition Right shall be adjusted proportionately, in accordance with the ratio of the stock
split or the stock consolidation in question. Also, if it is necessary to adjust the Number of
Shares Granted after July 14, 2009 for other than the aforementioned reasons, the Company shall
adjust the Number of Shares Granted in connection with the aforementioned Stock Acquisition
Rights to the extent reasonable. |
||
Fractions of less than one (1) share resulting from the foregoing adjustment shall be rounded
down. |
||
| 4. | Total number of the Stock Acquisition Rights: |
|
239 rights |
||
The above number is the total number of the Stock Acquisition Rights that are expected to be
allotted and, accordingly, in the event that the total number of application for subscription of
the Stock Acquisition Rights does not reach the above-mentioned number or there occurs a
reduction in the total number of the Stock Acquisition Rights to be allotted, the total number of
the Stock Acquisition Rights shall be equal to the total number of the Stock Acquisition Rights
that are actually allotted. |
||
| 5. | Persons to whom Stock Acquisition Rights shall be granted (“Grantee”): |
|
Ten directors of the Company. |
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| 6. | Subscription amount to be paid for each Stock Acquisition Right (The subscription amount): |
|
The subscription amount shall be the amount obtained by multiplying the Number of shares
subject to one Stock Acquisition Right by fair value per share provided in the accounting
standard concerning the incentive stock option, etc. |
||
| 7. | Allotment Date of the Stock Acquisition Rights: |
|
September 1, 2009. |
||
| 8. | Due date of subscription for the Stock Acquisition Rights: |
|
September 1, 2009. |
||
| 9. | Amount of assets paid upon exercise of the Stock Acquisition Rights: |
|
The amount of assets paid upon exercise of the Stock Acquisition Rights shall be the amount
calculated by multiplying the paid-in amount per share to be transferred upon exercise of the
Stock Acquisition Rights (hereinafter “Exercise Price”) by the Number of Shares subject to one
Stock Acquisition Right. |
||
The Exercise Price shall be the amount calculated by multiplying 1.05 by the average of the
closing price of the Company’s ordinary shares of each day in regular trading during the month
(excluding days when there was no transaction of the Company’s ordinary shares) (hereinafter
“Closing Price”) at the Tokyo Stock Exchange, immediately preceding the month in which the date
of allotment of the Stock Acquisition Rights falls (hereinafter “Allotment Date”), with fractions
of less than one (1) yen rounded up to a whole yen. However, if the Exercise Price is lower than
the Closing Price on the Allotment Date (if there is no Closing Price on that date, the Closing
Price on the immediately preceding transaction date shall be applied), the Closing Price on the
Allotment Date shall be applied. |
||
In addition, the Exercise Price shall be adjusted as follows. |
| 1) | If the Company effects a stock split or stock consolidation after the Allotment Date
of the Stock Acquisition Rights, the Exercise Price shall be adjusted in accordance with
the following formula, with fractions of less than one (1) yen resulting from the
adjustment being rounded up to a whole yen. |
| Exercise price after adjustment | = | Exercise price before adjustment | X | 1 | ||||
| Ratio of stock split (or stock consolidation) |
| 2) | After the Allotment Date of the Stock Acquisition Rights, if the Company issues new
ordinary shares or disposes of the Company’s shares in treasury at a price below the
market price, the Exercise Price shall be adjusted in accordance with the following
formula, with fractions of less than one (1) yen being rounded up to a whole yen.
However, this shall not apply to the cases where issue or disposition of ordinary shares
is made upon exchange of securities exchangeable for Company’s ordinary shares, or upon
exercise of Stock Acquisition Rights (including corporate bonds with share acquisition
rights). |
| Number of currently issued shares |
Number of newly issued shares |
X | Paid-in amount per share |
|||||||||||||
| + | Market Price | |||||||||||||||
| Exercise price | = | Exercise price | X | |||||||||||||
| after adjustment | before adjustment | Number of currently issued shares + Number of newly issued shares | ||||||||||||||
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In addition, the “Number of currently issued shares” in the formula above shall exclude the
number of the Company’s shares in treasury, and when disposing of the Company’s shares in
treasury, the term “Number of newly issued shares” shall be read as “Number of the
Company’s shares in treasury for disposal.” |
|||
| 3) | After the Allotment Date of the Stock Acquisition Rights, if the Company allots
shares of the Company of a class other than the ordinary shares without consideration to
the holders of the ordinary shares of the Company, or pays dividends in the form of shares
of another company to the holders of the ordinary shares, and if, in consideration of all
factors in the situation, there is a need to adjust the Exercise Price, the Company shall
adjust the Exercise Price to the extent reasonable. |
| 10. | Exercise period for the Stock Acquisition Rights: |
|
From September 1, 2010 to August 31, 2017 |
||
| 11. | Conditions for the exercise of the Stock Acquisition Rights: |
|
If a holder of Stock Acquisition Rights, be they Director, Corporate Auditor, or employee of the
Company, or director, corporate auditor, or employee of an affiliate of the Company, loses all
their respective positions, that person is able to exercise the Stock Acquisition Rights only
within a period of three years from the day they lost their position, and other terms and
conditions concerning the exercise of Stock Acquisition Rights shall be decided at the contracts
to be executed by and between the Company and the Grantees of the Stock Acquisition Rights
(hereinafter “Stock Acquisition Rights Contracts”). |
||
| 12. | Restriction on Transfer and Acquisition: |
|
Transfer and acquisition of the Stock Acquisition Rights shall be subject to the approval by
resolution of the Board of Directors. |
||
| 13. | Matters concerning the increase in paid-in capital and capital surplus in the event of
issuance of shares upon the exercise of the Stock Acquisition Rights: |
| 1) | The amount of paid-in capital increase in the event of the issuance of shares upon
the exercise of the Stock Acquisition Rights shall be 1/2 of the maximum amount of
capital increase, calculated in accordance with Article 17, Paragraph 1 of the Regulations
for Corporation Accounting. Fractions less than one (1) yen resulting from the
calculation shall be rounded up. |
||
| 2) | An increase in the capital surplus in the event of the issuance of shares upon
exercise of the Stock Acquisition Rights shall be the amount obtainable by subtracting the
amount of the paid-in capital increase from the maximum amount of the capital increase, as
set forth in 13.1) above. |
| 14. | Provisions pertaining to acquisition of the Stock Acquisition Rights by the Company: |
|
The Stock Acquisition Rights do not contain the provisions pertaining to the acquisition of the
Stock Acquisition Rights. |
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| 15. | In the event where the Company engages in any merger (after which the Company ceases to
exist), a corporate split in which a division is merged into an existing company, a corporate
split in which a division is spun off to establish a new company (for both, limited to cases
where the Company is split up), or an exchange or transfer of shares (for both, limited to
cases where the Company becomes a fully-owned subsidiary) (hereinafter collectively
“Restructuring Actions”), each person holding the remaining Stock Acquisition Rights at the
time the Restructuring
Actions take effect (hereinafter “Remaining Stock Acquisition Rights”) shall be granted the
Stock Acquisition Rights of the relevant joint stock companies prescribed in Items 1) through 5)
of Article 236, Paragraph 1, Item 8 of the Corporation Act (hereinafter “Reorganized Company”),
in accordance with the conditions set forth below. In this event, the Remaining Stock
Acquisition Rights shall be extinguished and new Stock Acquisition Rights in the Reorganized
Company shall be issued. However, the new Stock Acquisition Rights shall be granted only if
provisions for granting them in accordance with the following conditions (i–viii) are included
as conditions in a merger agreement (in which the Company is merged into a Reorganized Company
or a Reorganized Company is established as the result of the merger), a corporate split
agreement in which a division is merged into a Reorganized Company, a plan for a corporate split
in which a division is spun off to establish a Reorganized Company or a share exchange
agreement, or a plan for transfer of shares. |
| i. | Number of the Stock Acquisition Rights of a Reorganized Company to be granted |
||
At the time the Restructuring Actions take effect, each holder of the Remaining Stock
Acquisition Rights shall be granted an identical number of the Stock Acquisition Rights of
the Reorganized Company. |
|||
| ii. | Type of shares of the Reorganized Company to be issued for the Stock Acquisition Rights |
||
The type of shares subject to the Stock Acquisition Rights shall be ordinary shares of the
Reorganized Company. |
|||
| iii. | Number of shares of the Reorganized Company to be issued upon exercise of the Stock
Acquisition Rights |
||
The number of shares shall be determined in accordance with Item 3 above, after taking into
consideration the conditions or other factors concerning the Restructuring Actions. |
|||
| iv. | Amount of assets to be paid upon the exercise of the Stock Acquisition Rights |
||
The amount of assets to be paid upon the exercise of newly granted Stock Acquisition Rights
shall be the amount obtainable by multiplying the Exercise Price to be adjusted after taking
into consideration the conditions and other factors concerning the Restructuring Actions, by
the number of shares to be issued for each acquisition right as stipulated in 15. iii.
above. |
|||
| v. | Exercise period for the Stock Acquisition Rights |
||
The Exercise Period shall begin on either the first day of the exercise period for the Stock
Acquisition Rights stipulated in Item 10 above, or on the day that the Restructuring Actions
take effect, whichever is later, and shall continue to the final day of the exercise period
for the Stock Acquisition Rights stipulated in Item 10 above. |
|||
| vi. | Increase in paid-in capital and capital surplus in the event of the issuance of
shares upon exercise of the Stock Acquisition Rights |
||
Such increases shall be determined based on Item 13 above. |
|||
| vii. | Restriction on Transfer and Acquisition of the Stock Acquisition Rights |
||
Transfer and acquisition of the Stock Acquisition Rights shall require an approval of the
Reorganized Company. |
|||
| viii. | Provisions pertaining to acquisition of the Stock Acquisition Rights |
||
The Stock Acquisition Rights do not contain the provisions pertaining to the acquisition of
the Stock Acquisition Rights. |
| 16. | In case where the number of shares to be issued or transferred to the holders of the Stock
Acquisition Rights includes any fraction less than one (1) share, such fraction shall be
rounded down. |
[Reference]
| (1) | Date of the resolution of shareholders at the 138th Ordinary General Meeting of
shareholders approving the issuance of the Stock Acquisition Rights: June 22, 2007 |
(end)
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Komatsu Ltd.
Corporate Communications Dept.
Tel: +81-(0)3-5561-2616
Date: July 14th, 2009
URL: http://www.komatsu.com/
Issuance of Stock Acquisition Rights as Stock Options to Employees of the Company and
Directors of Major Subsidiaries of the Company
Directors of Major Subsidiaries of the Company
Komatsu Ltd. (hereinafter “Company”) hereby announces that at the meeting of the Board of Directors
held on July 14, 2009, the Company resolved the details of the terms and conditions of the issuance
of rights to subscribe for or purchase shares of the Company (Stock Acquisition Right) for the
purpose of granting stock option to employees and directors of major subsidiaries of the Company,
pursuant to a resolution at the 140th Ordinary General Meeting of the Shareholders of
the Company.
[Description]
| 1. | Reason to issue the Stock Acquisition Rights: | |
| To raise the morale and motivation of employees and directors of major subsidiaries for their contributions to the improvement of the consolidated performance of the Company. | ||
| 2. | The name of Stock Acquisition Rights: | |
| Twelfth Stock Acquisition Rights of Komatsu Ltd. | ||
| 3. | Type and number of shares to be issued upon the exercise of Stock Acquisition Rights | |
| The shares to be issued for the Stock Acquisition Rights shall be ordinary shares, and the number of shares subject to one Stock Acquisition Right (hereinafter “Number of Shares Granted”) shall be 1,000 shares. | ||
| However, after June 24, 2009, if the Company effects a stock split of its ordinary shares (including allotment of ordinary shares to shareholders without consideration; the same applies hereinafter) or effects a stock consolidation, the Number of Shares subject to one Stock Acquisition Right shall be adjusted proportionately, in accordance with the ratio of the stock split or the stock consolidation in question. Also, if it is necessary to adjust the Number of Shares Granted after June 24, 2009 for other than the aforementioned reasons, the Company shall adjust the Number of Shares Granted in connection with the aforementioned Stock Acquisition Rights to the extent reasonable. | ||
| Fractions of less than one (1) share resulting from the foregoing adjustment shall be rounded down. | ||
| 4. | Total number of the Share Acquisition Rights: | |
| 403 rights | ||
| The above number is the total number of the Stock Acquisition Rights that are expected to be allotted and, accordingly, in the event that the total number of application for subscription of the Stock Acquisition Rights does not reach the above-mentioned number or there occurs a reduction in the total number of the Stock Acquisition Rights to be allotted, the total number of the Stock Acquisition Rights shall be equal to the total number of the Stock Acquisition Rights that are actually allotted. |
1
| 5. | Persons to whom Stock Acquisition Rights shall be granted (“Grantee”): | |
| 54 employees of the Company and 11 directors of major subsidiaries. | ||
| 6. | Subscription amount to be paid for each Stock Acquisition Right (The subscription amount): | |
| No consideration shall be paid. | ||
| 7. | Allotment Date of the Stock Acquisition Rights: | |
| September 1, 2009. | ||
| 8. | Amount of assets paid upon exercise of the Stock Acquisition Rights: | |
| The amount of assets paid upon exercise of the Stock Acquisition Rights shall be the amount calculated by multiplying the paid-in amount per share to be transferred upon exercise of the Stock Acquisition Rights (hereinafter “Exercise Price”) by the Number of Shares subject to one Stock Acquisition Right. | ||
| The Exercise Price shall be the amount calculated by multiplying 1.05 by the average of the closing price of the Company’s ordinary shares of each day in regular trading during the month (excluding days when there was no transaction of the Company’s ordinary shares) (hereinafter “Closing Price”) at the Tokyo Stock Exchange, immediately preceding the month in which the date of allotment of the Stock Acquisition Rights falls (hereinafter “Allotment Date”), with fractions of less than one (1) yen rounded up to a whole yen. However, if the Exercise Price is lower than the Closing Price on the Allotment Date (if there is no Closing Price on that date, the Closing Price on the immediately preceding transaction date shall be applied), the Closing Price on the Allotment Date shall be applied. | ||
| In addition, the Exercise Price shall be adjusted as follows. |
| 1) | If the Company effects a stock split or stock consolidation after the Allotment Date of the Stock Acquisition Rights, the Exercise Price shall be adjusted in accordance with the following formula, with fractions of less than one (1) yen resulting from the adjustment being rounded up to a whole yen. |
Exercise price after adjustment |
= | Exercise price before adjustment |
X | 1 | ||||||
| Ratio of stock split (or stock consolidation) | ||||||||||
| 2) | After the Allotment Date of the Stock Acquisition Rights, if the Company issues new ordinary shares or disposes of the Company’s shares in treasury at a price below the market price, the Exercise Price shall be adjusted in accordance with the following formula, with fractions of less than one (1) yen being rounded up to a whole yen. However, this shall not apply to the cases where issue or disposition of ordinary shares are made upon exchange of securities exchangeable for Company’s ordinary shares, or upon exercise of Stock Acquisition Rights (including corporate bonds with share acquisition rights). |
| Number of currently issued shares |
+ | Number of newly issued shares |
X | Paid-in amount per share |
||||||||||||
| Exercise price after adjustment |
= | Exercise price before adjustment |
X | Market Price | ||||||||||||
| Number of currently issued shares + Number of newly issued shares | ||||||||||||||||
In addition, the “Number of currently issued shares” in the formula above shall exclude the
number of the Company’s shares in treasury, and when disposing of the Company’s shares in
treasury, the term “Number of newly issued shares” shall be read as “Number of the
Company’s shares in treasury for disposal.”
2
| 3) | After the Allotment Date of the Stock Acquisition Rights, if the Company allots shares of the Company of a class other than the ordinary shares without consideration to the holders of the ordinary shares of the Company, or pays dividends in the form of shares of another company to the holders of the ordinary shares, and if, in consideration of all factors in the situation, there is a need to adjust the Exercise Price, the Company shall adjust the Exercise Price to the extent reasonable. |
| 9. | Exercise period for the Stock Acquisition Rights: | |
| From September 1, 2010 to August 31, 2017 | ||
| 10. | Conditions for the exercise of the Stock Acquisition Rights: | |
| If a holder of Stock Acquisition Rights, be they director, corporate auditor, or employee of the Company, or director, corporate auditor, or employee of an affiliate of the Company, loses all their respective positions, that person is able to exercise the Stock Acquisition Rights only within a period of three years from the day they lost their position, and other terms and conditions concerning the exercise of Stock Acquisition Rights shall be decided at the contracts to be executed by and between the Company and the Grantees of the Stock Acquisition Rights (hereinafter “Stock Acquisition Rights Contracts“). | ||
| 11. | Restriction on Transfer and Acquisition | |
| Transfer and acquisition of the Stock Acquisition Rights shall be subject to the approval by resolution of the Board of Directors. | ||
| 12. | Matters concerning the increase in paid-in capital and capital surplus in the event of issuance of shares upon the exercise of the Stock Acquisition Rights |
| 1) | The amount of paid-in capital increase in the event of the issuance of shares upon the exercise of the Stock Acquisition Rights shall be 1/2 of the maximum amount of capital increase, calculated in accordance with Article 17, Paragraph 1 of the Regulations for Corporation Accounting. Fractions less than one (1) yen resulting from the calculation shall be rounded up. | ||
| 2) | An increase in the capital surplus in the event of the issuance of shares upon exercise of the Stock Acquisition Rights shall be the amount obtainable by subtracting the amount of the paid-in capital increase from the maximum amount of the capital increase, as set forth in 12.1) above. |
| 13. | Provisions pertaining to acquisition of the Stock Acquisition Rights by the Company | |
| The Stock Acquisition Rights do not contain the provisions pertaining to the acquisition by the Company. |
3
| 14. | In the event where the Company engages in any merger (after which the Company ceases to exist), a corporate split in which a division is merged into an existing company, a corporate split in which a division is spun off to establish a new company (for both, limited to cases where the Company is split up), or an exchange or transfer of shares (for both, limited to cases where the Company becomes a fully-owned subsidiary) (hereinafter collectively “Restructuring Actions”), each person holding the remaining Stock Acquisition Rights at the time the Restructuring Actions take effect (the “Remaining Stock Acquisition Rights”) shall be granted the Stock Acquisition Rights of the relevant joint stock companies prescribed in Items 1) through 5) of Article 236, Paragraph 1, Item 8 of the Corporation Act (the “Reorganized Company”), in accordance with the conditions set forth below. In this event, the Remaining Stock Acquisition Rights shall be extinguished and the Reorganized Company shall issue new Stock Acquisition Rights. However, the new Stock Acquisition Rights shall be granted, only if provisions for granting them in accordance with the following conditions are included in a merger agreement (in which the Company is merged into a Reorganized Company or a Reorganized Company is established as the result of the merger), a corporate split agreement in which a division is merged into a Reorganized Company, a plan for a corporate split in which a division is spun off to establish a Reorganized Company or a share exchange agreement, or a plan for transfer of shares. |
| i. | Number of the Stock Acquisition Rights of a Reorganized Company to be granted | ||
| At the time the Restructuring Actions take effect, each holder of the Remaining Stock Acquisition Rights shall be granted an identical number of the Stock Acquisition Rights of the Reorganized Company. | |||
| ii. | Type of shares of the Reorganized Company to be issued for the Stock Acquisition Rights | ||
| The type of shares subject to the Stock Acquisition Rights shall be ordinary shares of the Reorganized Company. | |||
| iii. | Number of shares of the Reorganized Company to be issued upon exercise of the Stock Acquisition Rights | ||
| The number of shares shall be determined in accordance with Item 3 above, after taking into consideration the conditions or other factors concerning the Restructuring Actions. | |||
| iv. | Amount of assets to be paid upon the exercise of the Stock Acquisition Rights | ||
| The amount of assets to be paid upon the exercise of newly granted Stock Acquisition Rights shall be the amount obtainable by multiplying the Exercise Price to be adjusted after taking into consideration the conditions and other factors concerning the Restructuring Actions, by the number of shares to be issued for each acquisition right as stipulated in 14. iii. above. | |||
| v. | Exercise period for the Stock Acquisition Rights | ||
| The Exercise Period shall begin on either the first day of the exercise period for the Stock Acquisition Rights stipulated in Item 9 above, or on the day that the Restructuring Actions take effect, whichever is later, and shall continue to the final day of the exercise period for the Stock Acquisition Rights stipulated in Item 9 above. | |||
| vi. | Increase in paid-in capital and capital surplus in the event of the issuance of shares upon exercise of the Stock Acquisition Rights | ||
| Such increases shall be determined based on Item 12 above. | |||
| vii. | Restriction on Transfer and Acquisition of the Stock Acquisition Rights | ||
| Transfer and acquisition of the Stock Acquisition Rights shall require an approval of the Reorganized Company. | |||
| viii. | Provisions pertaining to acquisition of the Stock Acquisition Rights | ||
| The Stock Acquisition Rights do not contain the provisions pertaining to the acquisition of the Stock Acquisition Rights. |
| 15. | In case where the number of shares to be issued or transferred to the holders of the Stock Acquisition Rights includes any fraction less than one (1) share, such fraction shall be rounded down. |
[Reference]
| (1) | Date of the resolution of the Board of Directors pursuant to which it was decided to submit the proposal regarding Stock Acquisition Rights for shareholder approval at the 140th Ordinary General Meeting of Shareholders: May 15, 2009 | ||
| (2) | Date of the resolution of shareholders at the 140th Ordinary General Meeting of shareholders approving the issuance of the Stock Acquisition Rights: June 24, 2009 |
(end)
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