Autodesk 2014 Annual Report Download - page 68

Proxy Materials
3UR[\6WDWHPHQW62
5(32572)7+($8',7&200,77((2)7+(%2$5'2)',5(&7256
7KH$XGLW&RPPLWWHHLVDFRPPLWWHHRIWKH%RDUGFRQVLVWLQJVROHO\RILQGHSHQGHQWGLUHFWRUVDVUHTXLUHGE\WKHOLVWLQJVWDQGDUGV
RIWKH1$6'$4DQGUXOHVRIWKH6(&7KH$XGLW&RPPLWWHHRSHUDWHVXQGHUDZULWWHQFKDUWHUDSSURYHGE\WKH%RDUGRI
'LUHFWRUVZKLFKLVDYDLODEOHRQ$XWRGHVN¶VZHEVLWHDWZZZDXWRGHVNFRPXQGHU³,QYHVWRU5HODWLRQV—&RUSRUDWH*RYHUQDQFH´
7KHFRPSRVLWLRQRIWKH$XGLW&RPPLWWHHWKHDWWULEXWHVRILWVPHPEHUVDQGWKHUHVSRQVLELOLWLHVRIWKH$XGLW&RPPLWWHHDV
UHIOHFWHGLQLWVFKDUWHUDUHLQWHQGHGWREHLQDFFRUGDQFHZLWKDSSOLFDEOHUHTXLUHPHQWVIRUFRUSRUDWHDXGLWFRPPLWWHHV7KH$XGLW
&RPPLWWHHUHYLHZVDQGDVVHVVHVWKHDGHTXDF\RILWVFKDUWHUDQGWKH$XGLW&RPPLWWHH¶VSHUIRUPDQFHRQDQDQQXDOEDVLV
$VGHVFULEHGPRUHIXOO\LQLWVFKDUWHUWKH$XGLW&RPPLWWHH¶VUROHLQFOXGHVWKHRYHUVLJKWRIRXUILQDQFLDODFFRXQWLQJDQG
UHSRUWLQJSURFHVVHVRXUV\VWHPRILQWHUQDODFFRXQWLQJDQGILQDQFLDOFRQWUROVDQGRYHUVLJKWRIWKHPDQDJHPHQWRIULVNV
DVVRFLDWHGZLWKWKH&RPSDQ\¶VILQDQFLDOUHSRUWLQJDFFRXQWLQJDQGDXGLWLQJPDWWHUV7KH$XGLW&RPPLWWHHRYHUVHHVWKH
DSSRLQWPHQWFRPSHQVDWLRQHQJDJHPHQWUHWHQWLRQWHUPLQDWLRQDQGVHUYLFHVRIRXULQGHSHQGHQWUHJLVWHUHGSXEOLFDFFRXQWLQJ
ILUP(UQVW<RXQJ//37KDWRYHUVLJKWLQFOXGHVFRQGXFWLQJDUHYLHZRI(UQVW<RXQJ//3¶VLQGHSHQGHQFHUHYLHZLQJDQG
DSSURYLQJWKHSODQQHGVFRSHRIRXUDQQXDODXGLWRYHUVHHLQJ(UQVW<RXQJ//3¶VDXGLWZRUNUHYLHZLQJDQGSUH-DSSURYLQJ
DQ\DXGLWDQGQRQ-DXGLWVHUYLFHVWKDWPD\EHSHUIRUPHGE\(UQVW<RXQJ//3UHYLHZLQJZLWKPDQDJHPHQWDQG(UQVW
<RXQJ//3WKHDGHTXDF\RIRXULQWHUQDOILQDQFLDODQGGLVFORVXUHFRQWUROVUHYLHZLQJRXUFULWLFDODFFRXQWLQJSROLFLHVDQGWKH
DSSOLFDWLRQRIDFFRXQWLQJSULQFLSOHVPRQLWRULQJWKHURWDWLRQRISDUWQHUVRI(UQVW<RXQJ//3RQRXUDXGLWHQJDJHPHQWWHDP
DVUHTXLUHGE\UHJXODWLRQUHYLHZLQJWKH&RPSDQ\¶VWUHDVXU\SROLFLHVDQGRYHUVHHLQJWKHSHUIRUPDQFHRIRXULQWHUQDODXGLW
IXQFWLRQ7KH$XGLW&RPPLWWHHHVWDEOLVKHVDQGRYHUVHHVWKHSURFHGXUHVIRUKDQGOLQJFRPSODLQWVUHJDUGLQJDFFRXQWLQJLQWHUQDO
DFFRXQWLQJFRQWUROVRUDXGLWLQJPDWWHUVLQFOXGLQJSURFHGXUHVIRUFRQILGHQWLDODQRQ\PRXVVXEPLVVLRQRIFRQFHUQVE\
HPSOR\HHVUHJDUGLQJWKHVHPDWWHUV7KH$XGLW&RPPLWWHH¶VUROHDOVRLQFOXGHVPHHWLQJWRUHYLHZRXUDQQXDODXGLWHGILQDQFLDO
VWDWHPHQWVDQGTXDUWHUO\ILQDQFLDOVWDWHPHQWVZLWKPDQDJHPHQWDQG(UQVW<RXQJ//37KH$XGLW&RPPLWWHHKHOG
PHHWLQJVGXULQJILVFDO0DQDJHPHQWLVUHVSRQVLEOHIRUWKHTXDUWHUO\DQGDQQXDOILQDQFLDOVWDWHPHQWVDQGWKHUHSRUWLQJ
SURFHVVLQFOXGLQJWKHV\VWHPVRILQWHUQDOFRQWUROV(UQVW <RXQJ//3LVUHVSRQVLEOHIRUH[SUHVVLQJDQRSLQLRQRQWKH
FRQIRUPLW\RIRXUDXGLWHGILQDQFLDOVWDWHPHQWVZLWKJHQHUDOO\DFFHSWHGDFFRXQWLQJSULQFLSOHV:LWKLQWKLVFRQWH[WWKH$XGLW
&RPPLWWHHUHYLHZHGDQGGLVFXVVHGWKHDXGLWHGILQDQFLDOVWDWHPHQWVIRUILVFDOZLWKPDQDJHPHQWDQG(UQVW<RXQJ//3
7KH$XGLW&RPPLWWHHKDVUHFHLYHGWKHZULWWHQGLVFORVXUHVDQGOHWWHUIURP(UQVW <RXQJ//3SXUVXDQWWRDSSOLFDEOH
UHTXLUHPHQWVRIWKH3XEOLF&RPSDQ\$FFRXQWLQJ2YHUVLJKW%RDUGUHJDUGLQJ(UQVW <RXQJ//3¶VFRPPXQLFDWLRQVZLWKWKH
$XGLW&RPPLWWHHFRQFHUQLQJLQGHSHQGHQFHKDVGLVFXVVHGZLWK(UQVW <RXQJ//3WKHLQGHSHQGHQFHRIWKDWILUPDQGKDV
FRQVLGHUHGZKHWKHUWKHSURYLVLRQRIQRQ-DXGLWVHUYLFHVZDVFRPSDWLEOHZLWKPDLQWDLQLQJWKDWLQGHSHQGHQFH,QDGGLWLRQWKH
$XGLW&RPPLWWHHKDVGLVFXVVHGZLWK(UQVW <RXQJ//3WKHPDWWHUVUHTXLUHGWREHGLVFXVVHGE\3XEOLF&RPSDQ\$FFRXQWLQJ
2YHUVLJKW%RDUG$XGLWLQJ6WDQGDUG1R³&RPPXQLFDWLRQVZLWK$XGLW&RPPLWWHHV´7KH$XGLW&RPPLWWHHDOVRGLVFXVVHG
ZLWKPDQDJHPHQWDQGZLWK(UQVW <RXQJ//3WKHHYDOXDWLRQRI$XWRGHVN¶VLQWHUQDOFRQWUROVDQGWKHHIIHFWLYHQHVVRI
$XWRGHVN¶VLQWHUQDOFRQWURORYHUILQDQFLDOUHSRUWLQJDVUHTXLUHGE\6HFWLRQ RIWKH6DUEDQHV-2[OH\$FWRI
7KH$XGLW&RPPLWWHHGLVFXVVHGZLWK$XWRGHVN¶VLQWHUQDODQGLQGHSHQGHQWDXGLWRUVWKHRYHUDOOVFRSHDQGSODQVIRUWKHLU
UHVSHFWLYHDXGLWV,QDGGLWLRQWKH$XGLW&RPPLWWHHPHWZLWKWKHLQWHUQDODQGWKHLQGHSHQGHQWDXGLWRUVZLWKDQGZLWKRXW
PDQDJHPHQWSUHVHQWDQGGLVFXVVHGWKHUHVXOWVRIWKHLUH[DPLQDWLRQVDQGWKHRYHUDOOTXDOLW\RI$XWRGHVN¶VILQDQFLDOUHSRUWLQJ
2QWKHEDVLVRIWKHVHUHYLHZVDQGGLVFXVVLRQVWKH$XGLW&RPPLWWHHUHFRPPHQGHGWRWKH%RDUGDQGWKH%RDUGKDVDSSURYHG
WKDW$XWRGHVN¶VDXGLWHGILQDQFLDOVWDWHPHQWVEHLQFOXGHGLQ$XWRGHVN¶V$QQXDO5HSRUWRQ)RUP-.IRUWKHILVFDO\HDUHQGHG
-DQXDU\ IRUILOLQJZLWKWKH6(&
$8',7&200,77((2)7+(%2$5'2)',5(&7256
/RUULH01RUULQJWRQ&KDLU
-+DOODP'DZVRQ
6WHYHQ0:HVW
%HWV\5DIDHO