Autodesk 2014 Annual Report Download - page 29

Download and view the complete annual report

Please find page 29 of the 2014 Autodesk annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 184

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184

Proxy Materials
3UR[\6WDWHPHQW23
%RDUG/HDGHUVKLS6WUXFWXUH
2XU&RUSRUDWH*RYHUQDQFH3ULQFLSOHVGLUHFWWKH%RDUGWR
ILOOWKH&KDLUPDQRIWKH%RDUGDQG&KLHI([HFXWLYH2IILFHU
SRVLWLRQVDIWHUFRQVLGHULQJDQXPEHURIIDFWRUVLQFOXGLQJ
WKHFXUUHQWVL]HRIRXUEXVLQHVVFRPSRVLWLRQRIWKH%RDUG
FXUUHQWFDQGLGDWHVIRUVXFKSRVLWLRQVDQGRXUVXFFHVVLRQ
SODQQLQJJRDOV&XUUHQWO\ZHVHSDUDWHWKHSRVLWLRQVRI
&KLHI([HFXWLYH2IILFHUDQGQRQ-H[HFXWLYH&KDLUPDQRI
WKH%RDUG6LQFH0DUFK0U %HYHULGJHZKR
SUHYLRXVO\VHUYHGDVRXU/HDG'LUHFWRUKDVVHUYHGDVRXU
QRQ-H[HFXWLYH&KDLUPDQ2XU&RUSRUDWH*RYHUQDQFH
3ULQFLSOHVDOVRSURYLGHWKDWLQWKHHYHQWWKH&KDLUPDQRI
WKH%RDUGLVQRWDQLQGHSHQGHQWGLUHFWRUWKH%RDUGVKRXOG
HOHFWD³/HDG,QGHSHQGHQW'LUHFWRU´7KHUHVSRQVLELOLWLHV
RIWKH&KDLUPDQRIWKH%RDUGRUWKH/HDG,QGHSHQGHQW
'LUHFWRULQFOXGHVHWWLQJWKHDJHQGDIRUHDFKPHHWLQJRIWKH
%RDUGLQFRQVXOWDWLRQZLWKWKH&KLHI([HFXWLYH2IILFHU
SUHVLGLQJDWH[HFXWLYHVHVVLRQVDQGIDFLOLWDWLQJ
FRPPXQLFDWLRQZLWKWKH%RDUGH[HFXWLYHRIILFHUVDQG
VWRFNKROGHUV
6HSDUDWLQJWKHSRVLWLRQVRI&KLHI([HFXWLYH2IILFHUDQG
&KDLUPDQRIWKH%RDUGDOORZVRXU3UHVLGHQWDQG&KLHI
([HFXWLYH2IILFHUWRIRFXVRQRXUGD\-WR-GD\EXVLQHVV
ZKLOHDOORZLQJWKH&KDLUPDQRIWKH%RDUGWROHDGWKH
%RDUGLQLWVIXQGDPHQWDOUROHRISURYLGLQJLQGHSHQGHQW
DGYLFHWRDQGRYHUVLJKWRIPDQDJHPHQW7KH%RDUG
EHOLHYHVWKDWKDYLQJDQLQGHSHQGHQWGLUHFWRUVHUYHDV
&KDLUPDQLVWKHDSSURSULDWHOHDGHUVKLSVWUXFWXUHIRU
$XWRGHVNDWWKLVWLPHDQGGHPRQVWUDWHVRXUFRPPLWPHQWWR
JRRGFRUSRUDWHJRYHUQDQFH
,QDGGLWLRQDVGHVFULEHGDERYHRXU%RDUGKDVWKUHH
VWDQGLQJFRPPLWWHHVFRPSRVHGHQWLUHO\RILQGHSHQGHQW
GLUHFWRUV7KH%RDUGGHOHJDWHVVXEVWDQWLDOUHVSRQVLELOLW\WR
WKHVHFRPPLWWHHVZKLFKUHSRUWWKHLUDFWLYLWLHVDQGDFWLRQV
EDFNWRWKHIXOO%RDUG:HEHOLHYHWKDWWKHLQGHSHQGHQW
FRPPLWWHHVDQGWKHLULQGHSHQGHQWFKDLUSHUVRQVDUHDQ
LPSRUWDQWDVSHFWRIWKHOHDGHUVKLSVWUXFWXUHRIRXU%RDUG
5LVN2YHUVLJKW
2XU%RDUGDVDZKROHDQGWKURXJKLWVFRPPLWWHHVLV
UHVSRQVLEOHIRUWKHRYHUVLJKWRIULVNPDQDJHPHQW2XU
H[HFXWLYHRIILFHUVDUHUHVSRQVLEOHIRUWKHGD\-WR-GD\
PDQDJHPHQWRIWKHPDWHULDOULVNV$XWRGHVNIDFHV,QLWV
RYHUVLJKWUROHRXU%RDUGPXVWVDWLVI\LWVHOIWKDWWKHULVN
PDQDJHPHQWSURFHVVHVGHVLJQHGDQGLPSOHPHQWHGE\RXU
H[HFXWLYHRIILFHUVDUHDGHTXDWHDQGIXQFWLRQLQJDV
GHVLJQHG7KHLQYROYHPHQWRIWKHIXOO%RDUGLQVHWWLQJRXU
EXVLQHVVVWUDWHJ\DWOHDVWDQQXDOO\LVDNH\SDUWRILWV
RYHUVLJKWRIULVNPDQDJHPHQWLWVFRQVLGHUDWLRQRIRXU
H[HFXWLYHRIILFHUV¶DSSHWLWHIRUULVNDQGLWVGHWHUPLQDWLRQ
RIZKDWFRQVWLWXWHVDQDSSURSULDWHOHYHORIULVN7KHIXOO
%RDUGUHFHLYHVXSGDWHVIURPRXUH[HFXWLYHRIILFHUVDQG
RXWVLGHDGYLVRUVUHJDUGLQJFHUWDLQULVNV$XWRGHVNIDFHV
LQFOXGLQJOLWLJDWLRQFRUSRUDWHJRYHUQDQFHEHVWSUDFWLFHV
DQGYDULRXVRSHUDWLQJULVNV
,QDGGLWLRQHDFK%RDUGFRPPLWWHHRYHUVHHVFHUWDLQDVSHFWV
RIULVNPDQDJHPHQW)RUH[DPSOHRXU$XGLW&RPPLWWHHLV
UHVSRQVLEOHIRURYHUVHHLQJWKHPDQDJHPHQWRIULVNV
DVVRFLDWHGZLWK$XWRGHVN¶VILQDQFLDOUHSRUWLQJDFFRXQWLQJ
DQGDXGLWLQJPDWWHUVRXU&RPSHQVDWLRQDQG+XPDQ
5HVRXUFHV&RPPLWWHHRYHUVHHVRXUH[HFXWLYHRIILFHU
VXFFHVVLRQSODQQLQJDQGULVNVDVVRFLDWHGZLWKRXU
FRPSHQVDWLRQSROLFLHVDQGSURJUDPVDQGRXU&RUSRUDWH
*RYHUQDQFHDQG1RPLQDWLQJ&RPPLWWHHRYHUVHHVWKH
PDQDJHPHQWRIULVNVDVVRFLDWHGZLWKGLUHFWRU
LQGHSHQGHQFHFRQIOLFWVRILQWHUHVWFRPSRVLWLRQDQG
RUJDQL]DWLRQRIRXU%RDUGDQGGLUHFWRUVXFFHVVLRQ
SODQQLQJ%RDUGFRPPLWWHHVUHSRUWWKHLUILQGLQJVWRWKHIXOO
%RDUG
6HQLRUH[HFXWLYHRIILFHUVDWWHQGDOOPHHWLQJVRIWKH%RDUG
DQGLWVVWDQGLQJFRPPLWWHHVDQGDUHDYDLODEOHWRDGGUHVV
DQ\TXHVWLRQVRUFRQFHUQVUDLVHGE\WKH%RDUGUHJDUGLQJ
ULVNPDQDJHPHQWDQGDQ\RWKHUPDWWHUV$QQXDOO\WKH
%RDUGKROGVVWUDWHJLFSODQQLQJVHVVLRQVZLWKVHQLRU
H[HFXWLYHRIILFHUVWRGLVFXVVVWUDWHJLHVNH\FKDOOHQJHVDQG
ULVNVDQGRSSRUWXQLWLHVIRU$XWRGHVN
&RPSHQVDWLRQ&RPPLWWHH,QWHUORFNVDQG
,QVLGHU3DUWLFLSDWLRQ
7KHFXUUHQWPHPEHUVRIWKH&RPSHQVDWLRQDQG+XPDQ
5HVRXUFHV&RPPLWWHHDUH0DU\70F'RZHOO7KRPDV
*HRUJHQVDQG6WDF\-6PLWK6WHYHQ0:HVWVHUYHGDVD
PHPEHURIWKH&RPSHQVDWLRQDQG+XPDQ5HVRXUFHV
&RPPLWWHHWKURXJK-XQHWKHGDWHRIRXU
$QQXDO0HHWLQJRI6WRFNKROGHUV1RGLUHFWRUZKRVHUYHG
DVDPHPEHURIWKH&RPSHQVDWLRQDQG+XPDQ5HVRXUFHV
&RPPLWWHHGXULQJILVFDOLVRUZDVIRUPHUO\DQRIILFHU
RUHPSOR\HHRI$XWRGHVNRUDQ\RILWVVXEVLGLDULHV1R
LQWHUORFNLQJUHODWLRQVKLSH[LVWVEHWZHHQDQ\GLUHFWRUZKR
VHUYHGDVDPHPEHURIWKH&RPSHQVDWLRQDQG+XPDQ
5HVRXUFHV&RPPLWWHHGXULQJILVFDODQGWKH
FRPSHQVDWLRQFRPPLWWHHRIDQ\RWKHUFRPSDQ\QRUKDV
DQ\VXFKLQWHUORFNLQJUHODWLRQVKLSH[LVWHGLQWKHSDVW
1RPLQDWLQJ3URFHVVIRU5HFRPPHQGLQJ
&DQGLGDWHVIRU(OHFWLRQWRWKH%RDUG
7KH&RUSRUDWH*RYHUQDQFHDQG1RPLQDWLQJ&RPPLWWHHLV
UHVSRQVLEOHIRUDPRQJRWKHUWKLQJVGHWHUPLQLQJWKH
FULWHULDIRUPHPEHUVKLSRQWKH%RDUGDQGUHFRPPHQGLQJ
FDQGLGDWHVIRUHOHFWLRQWRWKH%RDUG,WLVWKHSROLF\RIWKH
&RUSRUDWH*RYHUQDQFHDQG1RPLQDWLQJ&RPPLWWHHWR
FRQVLGHUUHFRPPHQGDWLRQVIRUFDQGLGDWHVWRWKH%RDUG
IURPVWRFNKROGHUV6WRFNKROGHUUHFRPPHQGDWLRQVIRU
FDQGLGDWHVWRWKH%RDUGPXVWEHGLUHFWHGLQZULWLQJWR