Logitech 2004 Annual Report Download - page 83

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automatically extended for one or more years as long as a liability exists. The amount of the purchase obligations
of these manufacturers varies over time, and therefore the amounts subject to the Company’s guarantees similarly
varies. At March 31, 2004, the amount of these outstanding guaranteed purchase obligations was approximately
$1.8 million. Logitech does not believe, based on historical experience and information currently available, that it
is probable that any amounts will be required to be paid under these guarantee arrangements.
Indemnifications
The Company indemnifies certain of its suppliers and customers for losses arising from matters such as
intellectual property rights and safety defects, subject to certain restrictions. The scope of these indemnities
varies and may include indemnification for damages and expenses, including reasonable attorneys’ fees. No
amounts have been accrued for indemnification provisions as of March 31, 2004. The Company does not believe,
based on historical experience and information currently available, that it is probable that any amounts will be
required to be paid under its indemnification arrangements.
Research and Development
For a discussion of the Company’s research and development activities, patents and licenses, please refer to
Item 4B “Business Overview.”
Trend Information
For a discussion of significant trends in the Company’s financial conditions and results of operations, please
refer to Item 5 “Results of Operations” and “Liquidity and Capital Resources.”
ITEM 6. DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES
A. Directors and Senior Management
Information concerning Directors and Senior Management of Logitech appears in Section 3 “The Board of
Directors” and Section 4 “Senior Management” in Exhibit 14.1 to the Form 20-F and is incorporated herein by
reference.
B. Compensation of Executive Officers and Directors
Information concerning the compensation of Executive Officers and Directors of Logitech appears in
Section 5.2 “Compensation of Directors and Executive Officers” in Exhibit 14.1 to the Form 20-F and is
incorporated herein by reference.
C. Board Practices
Information concerning the Company’s board practices appears in Section 3 “The Board of Directors” in
Exhibit 14.1 to the Form 20-F and is incorporated herein by reference.
D. Employees
The number of people employed worldwide by the Company was as follows:
Category
As of March 31,
2004 2003 2002
Research and development ............................... 459 430 391
Manufacturing and distribution ........................... 4,506 3,617 3,189
Marketing, sales and support ............................. 511 485 437
Administration ........................................ 384 404 387
Total ............................................ 5,860 4,936 4,404
45