TOP will replace share payments with cash for 3 independent directors, raising yearly cash spending by $60,000. Their total yearly pay stays the same, and TOP will stop issuing shares for it, leaving the effects balanced.
This changes how TOP pays its independent directors, not the total yearly pay. TOP will spend $60,000 more in cash each year, but it will stop issuing shares for this pay. Those effects balance, and the filing reports no other business change.
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