Business Context and Reporting Period
This Form 6-K filing by Founder Group Limited covers the month of August 2026. The report discloses the approval of director compensation arrangements effective June 11, 2026, for a 12-month period.
Key Financial Metrics
The filing does not provide financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on executive and director remuneration details.
Material Changes
The primary material change is the formalization of the following monthly compensation packages approved on June 11, 2026:
- Mr. Lee Seng Chi (Chairman, CEO, Director): US$17,500 in share-based compensation.
- Mr. Thien Chiet Chai (Director): US$4,000 cash and US$7,500 share-based compensation (Total: US$11,500).
- Mr. Marco Baccanello (Independent Director): US$5,000 cash.
- Ms. Sin Siew Kuen (Independent Director): US$2,500 cash.
- Mr. Baharin Bin Din (Independent Director): US$4,000 cash.
Share-based compensation for Mr. Lee and Mr. Thien will be settled via Class B ordinary shares, calculated based on the closing price of Class A ordinary shares on the last trading day of each month.
Guidance, Outlook, and Risks
The filing contains no financial guidance, outlook, management commentary on operations, or discussion of risks and contingencies. The only operational detail provided is the settlement mechanism for share-based compensation, which occurs on the 15th day of the month following the calculation period.
Investor Verification Checklist
- Verify the total annual cost of the new remuneration arrangements against the company's cash flow and equity dilution projections.
- Confirm the number of Class B shares issued monthly based on the fluctuating closing price of Class A shares.
- Review the company's Form 20-F for the most recent audited financial statements, as this 6-K does not contain financial results.