Company: PLPC
Filing Date: 2025-03-21
Form Type: DEF 14A
Source: 0001628280-25-014223
Chunk: 47

Company: PREFORMED LINE PRODUCTS CO
Filing Date: 2025-03-21
Form: DEF 14A
Chunk 47
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 to a previously granted award without such participant’s consent. However, amendment made to comply with applicable rules of law or to avoid adverse taxation, including Section 409A of the Code, stock exchange rules or accounting rules may be permissible without consent. In addition, no amendment may made without the approval of the Company’s shareholders (a) to the extent such approval is required by applicable law or the listing standards of the applicable exchange, (b) to the extent such amendment would materially increase the benefits accruing to participants under the 2025 Plan, (c) to the extent such amendment would increase the number of shares which may be subject to awards under the 2025 Plan, or (d) to the extent such amendment would materially modify the requirements for participation in the 2025 Plan. Capitalization Adjustments In the event of a stock dividend, stock split, reverse stock split, reorganization, share combination, recapitalization, extraordinary dividend of cash or other property, or similar event affecting the capital structure of the Company, the Administrator or the Board will make such substitutions or adjustments as it deems appropriate and equitable to (a) the aggregate number and kind of shares or other securities reserved for issuance and delivery under the 2025 Plan, (b) the various maximum limitations upon certain types of awards and upon the grants to individuals of certain types of awards, (c) the number and kind of shares or other securities subject to outstanding awards; and (d) the exercise price of outstanding awards. Grants Under the Plan As of the date of this proxy statement, no awards have been granted under the 2025 Plan and none will be granted unless and until the 2025 Plan is approved by our shareholders. Grants under the 2025 Plan are discretionary, so it is not possible to predict the number of common shares that will be awarded under the 2025 Plan. The closing price of a common share, as reported on the Nasdaq Stock Market on March 14, 2025 was $144.35 . Tax Matters The following discussion is designed to provide only a brief, general summary description of the federal income tax consequences associated with awards made pursuant to the 2025 Plan, based on a good faith interpretation of the current federal income tax laws, regulations, and judicial and administrative interpretations, all as in effect or proposed as of the date hereof and all of which are subject to change, possibly with retroactive effect. The following discussion only sets forth federal income tax consequences and does not address any other federal tax consequences