Logitech 2014 Annual Report Download - page 140

Directors who are Logitech employees do not receive any compensation for their service on the Board of
Directors. Non-employee director compensation currently consists of the following elements:
Total (CHF) Total ($)(1)
Annual cash retainer ..................................................... 60,000 67,846
An additional annual cash retainer for the lead independent director. .............. 20,000 22,615
Annual retainer for the Audit Committee chair. ............................... 40,000 45,231
Annual retainer for the Compensation Committee chair. ........................ 30,000 33,923
Annual retainer for non-chair Audit Committee members. ....................... 15,000 16,962
Annual retainer for non-chair Compensation Committee members. ............... 10,000 11,308
Annual retainer for Nominating Committee members. .......................... 3,000 3,392
Annual RSU grant. ...................................................... 135,000 152,654
Compensation for the number of travel days spent traveling to attend Board and
committee meetings, per day rate. ....................................... 2,500 2,827
Reimbursement of reasonable expenses for non-local travel (business class). ........
(1) CHF amount was converted using the exchange rate of 1 Swiss Franc to 1.13 U.S. Dollar as of March 31, 2014.
Except for fees earned between Logitech’s 2013 Annual General Meeting and 2014 Annual General Meeting,
non-employee Board members may elect to receive their Board fees in shares, net of withholdings. Any such shares
are to be issued under the 2006 Stock Incentive Plan.
The following table summarizes the total compensation earned or paid by Logitech during fiscal year 2014
to continuing members of the Board of Directors who were not executive officers as of March 31, 2014. Because
the table is based on Logitech’s fiscal year, and annual service for purposes of Board compensation is measured
between the dates of Logitech’s Annual General Meeting, usually held in September each year, the amounts in the
table do not necessarily align with the description of Board compensation above.
Information regarding compensation paid to and the option and stock awards held by Guerrino De Luca and
Bracken Darrell, the members of the Board of Directors that are Logitech executive officers as of fiscal year-end
2014, are presented in the Summary Compensation Table and the Outstanding Equity Awards at Fiscal Year-End
Table, respectively.
Non-Employee Director Summary Compensation for Fiscal Year 2014
Name
Fees Earned In
Cash ($)(1)
Stock Awards
($)(2) Total ($)
Daniel Borel .............................................. 73,535 149,224 222,759
Matthew Bousquette ........................................ 154,611 147,016 301,627
Erh-Hsun Chang(3) .......................................... 41,010 — 41,010
Kee-Lock Chua ............................................ 117,938 147,016 264,954
Sally Davis ............................................... 117,467 149,224 266,691
Didier Hirsch ............................................. 118,315 147,016 265,331
Neil Hunt ................................................. 96,161 147,016 243,177
Monika Ribar ............................................. 108,888 149,224 258,112
(1) CHF amount was converted using the exchange rate of 1 Swiss Franc to 1.13 U.S. Dollar as of March 31. 2014.
(2) Amounts shown do not reflect compensation actually received by the director. Instead, the amount shown is
the aggregate grant date fair value of stock-related awards in fiscal year 2014 computed in accordance with
ASC Topic 718 -- Compensation -- Stock Compensation, disregarding forfeiture assumptions. The market
value used to calculate the aggregate value on March 31, 2014 was $14.89.
(3) Mr. Chang did not stand for re-election as a director at the Annual General Meeting in September 2013.
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