Purpose and Reason for Disposition
MCHC decided at a meeting of its Compensation Committee held on
MCHC also decided at a meeting of its Compensation Committee held today to grant 333,265 common shares of MCHC ('Allotted Shares') to 11 (eleven) corporate executive officers ('Target Corporate Executive Officer(s)') after taking into account the purpose of awarding restricted shares, MCHC's performance, the scope of duties of each Target Corporate Executive Officer, and various other circumstances. In addition, this grant will be made without requiring the payment of money or the provision of assets in exchange. As such, it was decided at a meeting of the Corporate Executive Officers Committee today to dispose of treasury shares.
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