Table:
|  | 2017 | 2018 | 2019 |
| --- | --- | --- | --- |
|  | NT$(In Thousands) | NT$(In Thousands) | NT$(In Thousands) |
| Employees’ compensation – Cash | $1,032,324 | $1,400,835 | $1,132,952 |
| Directors’ compensation | 11,452 | 7,624 | 10,259 |
Paragraphs:
The Company recognizes the employees and directors’ compensation in the profit or loss during the periods when earned for the years ended December 31, 2017, 2018 and 2019. The Board of Directors estimates the amount by taking into consideration the Articles of Incorporation, government regulations and industry averages.
If the Board of Directors resolves to distribute employee compensation
through stock, the number of stock distributed is calculated based on total employee compensation divided by the closing price of the day before the Board of Directors meeting. If the Board of Directors subsequently modifies the estimates significantly, the Company will recognize the change as an adjustment in the profit or loss in the subsequent period.
The distributions of employees and directors’ compensation for 2017 and 2018 were reported to the stockholders’ meeting on June 12, 2018 and June 12, 2019, respectively, while the distributions of employees and directors’ compensation for 2019 were approved through the Board of Directors meeting on February 26, 2020. The details of distribution are as follows:
The aforementioned employees and directors’ compensation for 2017 and 2018 reported during the stockholders’ meeting were consistent with the resolutions of the Board of Directors meeting held on March 7, 2018 and March 6, 2019, respectively.
Information relevant to the aforementioned employees and directors’ compensation can be obtained from the “Market Observation Post System” on the website of the TWSE.
Question:
When was the distributions of employees and directors’ compensation for 2017 and 2018 reported?
Answer: June 12, 2018, June 12, 2019