FORM 6-K
U.S.SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
Commission File Number: 1-15238
Supplement For the month of April 2008.
Total number of pages: 5
The exhibit index is located on page 1
NIDEC CORPORATION
(Translation of registrant’s name into English)
338 KuzeTonoshiro-Cho,
Minami-Ku,Kyoto 601-8205 Japan
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F:
Form 20-F X Form 40-F __
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): _
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): _
Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes __ No X
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-_____
Information furnished on this form:
EXHIBITS
Exhibit Number
1
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.
Date: April 23, 2008 | ||||
NIDEC CORPORATION | ||||
By: /S/ Masahiro Nagayasu | ||||
General Manager, Investor Relations |
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FOR IMMEDIATE RELEASE
NIDEC CORPORATION
New York Stock Exchange symbol: NJ
Stock exchange code (Tokyo, Osaka): 6594
Contact: | |
Masahiro Nagayasu | |
General Manager | |
Investor Relations | |
+81-75-935-6140 | |
ir@jp.nidec.com |
Released on April 23, 2008, in Kyoto, Japan
Nidec to Introduce Executive Officer System
Nidec Corporation (NYSE: NJ) resolved at a meeting of its Board of Directors held today that it will be placing on the agenda of the Annual General Meeting of Shareholders and subsequent meeting of the Board of Directors, both scheduled for June 24, 2008, the following proposed changes to its Board of Directors and introduction of the Executive Officer System.
Details are as follows:
1.
Objectives
Through the introduction of the Executive Officer System, the Company aims to build a leaner, more agile management framework better able to match the speed of market changes and help drive the Company’s globalization.
The Company will reduce the size of its Board of Directors to allow for more proactive, in-depth Board discussions on the Company’s policies and strategic directions. As the locus of the Company’s management responsibilities, the Board of Directors will assume an enhanced role in the establishment and maintenance of a competitive business structure to swiftly address challenges arising from today’s fast-changing market.
Simultaneously, the Company will appoint executive officers (comprehensively named “vice presidents” under the Company’s position system), who perform duties delegated by the Board of Directors. Executive officers (or vice presidents) will be selected primarily from the Company’s younger, competent executives, who have developed hands-on, agile management prowess through leadership opportunities at the Company’s consolidated subsidiaries in and outside Japan.
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2.
Outline of the Executive Officer System
(1) In line with the policies and strategies set by the Board of Directors, executive officers (or vice presidents) perform duties within their delegated areas of responsibility.
(2) Executive officers’ term of office is to be one year.
(3) Executive officers will be appointed and discharged by a resolution of the Board of Directors.
3.
Effective Date of the Executive Officer System
Effective after the General Annual Meeting of Shareholders and subsequent meeting of the Board of Directors to be held on June 24, 2008
4.
Changes in Board Members (effective June 24, 2008)
(1)Newly Appointed Board Member
Name | Current Position |
Masuo Yoshimatsu | Executive Consultant |
(2) Retiring Board Members
Name | Current Position |
Seizaburo Kawaguchi | Managing Director |
Norimasa Goto | Director |
Seiichi Hattori | Director |
Kiyoyoshi Takegami | Director |
Takashi Iwata | Director |
Osamu Narumiya | Director |
Akira Kagata | Director |
Toru Kodaki | Director |
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5. Proposed Board Members and Executive Officers
(effective after the close of the Ordinary General Meeting of Shareholders and Board Meeting scheduled for June 24, 2008)
(1) Directors of the Board
Name | New Position | Current Position |
Shigenobu Nagamori | Unchanged | Representative Director, President, CEO |
Hiroshi Kobe | Representative Director, Executive Vice President, COO | Representative Director, Vice President, COO |
Yasunobu Toriyama | Executive Vice President, CFO, Member of the Board | Director, Vice President, CFO |
Kenji Sawamura | Executive Vice President, Member of the Board | Director, Vice President |
Juntaro Fujii | Executive Vice President, Member of the Board | Director, Vice President |
Yasuo Hamaguchi | First Senior Vice President, Member of the Board | Senior Managing Director |
Tadaaki Hamada | Senior Vice President, Member of the Board | Managing Director |
Tetsuo Inoue | Vice President, Member of the Board | Director |
Masuo Yoshimatsu | Vice President, Member of the Board | Executive Consultant |
(2) Corporate Auditors
Name | New Position | Current Position |
Hideo Asahina | Standing Auditor | Standing Auditor |
Ryoji Takahashi | Standing Auditor | Standing Auditor |
Shiro Kuniya | Auditor | Auditor |
Yoshiro Kitano | Auditor | Auditor |
Susumu Ono | Auditor | Auditor |
(3) Executive Officers
Name | New Position | Current Position |
Seizaburo Kawaguchi | Senior Vice President | Managing Director |
Norimasa Goto | Senior Vice President | Director |
Seiichi Hattori | Senior Vice President | Director |
Kiyoyoshi Takegami | Senior Vice President | Director |
Takashi Iwata | Vice President | Director |
Masahiro Hishida | Vice President | Senior Managing Director of Nidec Shibaura Corp. and Nidec Power Motor Corp. |
Takashi Watanuki | Vice President | Vice President of Nidec (Dalian) Limited |
Osamu Narumiya | Vice President | Director |
Tsuyoshi Takahashi | Vice President | Representative of Central Technical Laboratories |
Tadashi Matsumoto | Vice President | Managing Director of Nidec-Read Corp. |
Hitoshi Inoue | Vice President | Representative of Shiga Technical Center |
Akira Kagata | Vice President | Director |
Genzo Arakawa | Vice President | Director of Japan Servo Co., Ltd. |
Toshihiko Miyabe | Vice President | President of Nidec Philippines Corp. |
Hitoshi Tatsuno | Vice President | Chairman, President of Nidec (Dalian) Limited |
Kuniyasu Tampo | Vice President | President of Nidec Electronics Thailand Co., Ltd. |
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