iRobot 2010 Annual Report Download - page 3

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TABLE OF CONTENTS
PROXY STATEMENT ............................................................. 1
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT .......... 3
PROPOSAL 1 — ELECTION OF DIRECTORS .......................................... 6
Nominees ..................................................................... 6
Recommendation of the Board...................................................... 6
DIRECTORS AND EXECUTIVE OFFICERS ............................................ 7
CORPORATE GOVERNANCE AND BOARD MATTERS .................................. 11
Board Leadership Structure ........................................................ 11
Independence of Members of the Board of Directors ..................................... 11
Executive Sessions of Independent Directors ........................................... 11
The Board of Directors’ Role in Risk Oversight ......................................... 11
Policies Governing Director Nominations .............................................. 11
Policy Governing Security Holder Communications with the Board of Directors ................. 13
Policy Governing Director Attendance at Annual Meetings of Stockholders .................... 14
Board of Directors Evaluation Program . .............................................. 14
Code of Ethics ................................................................. 14
THE BOARD OF DIRECTORS AND ITS COMMITTEES .................................. 14
Board of Directors .............................................................. 14
Audit Committee................................................................ 15
Compensation Committee ......................................................... 15
Nominating and Corporate Governance Committee....................................... 16
Compensation Committee Interlocks and Insider Participation............................... 16
REPORT OF THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS ................... 17
REPORT OF THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS ........... 18
COMPENSATION AND OTHER INFORMATION CONCERNING DIRECTORS AND OFFICERS . . . 19
Compensation Discussion & Analysis . . .............................................. 19
SUMMARY COMPENSATION TABLE . . .............................................. 26
GRANTS OF PLAN-BASED AWARDS — 2010 .......................................... 27
Discussion of Summary Compensation and Grants of Plan-Based Awards Tables................. 27
OUTSTANDING EQUITY AWARDS AT FISCAL YEAR END — 2010 ........................ 28
OPTION EXERCISES AND STOCK VESTED — 2010 .................................... 29
Potential Benefits Upon Termination or Change in Control ................................. 29
Director Compensation ........................................................... 30
DIRECTOR COMPENSATION TABLE — 2010 .......................................... 32
Transactions with Related Persons ................................................... 33
PROPOSAL 2 — APPROVAL OF THE COMPANY’S SENIOR EXECUTIVE INCENTIVE
COMPENSATION PLAN, AS AMENDED AND RESTATED .............................. 34
Summary of the Incentive Plan ..................................................... 34
Purpose....................................................................... 34
Administration ................................................................. 34
Eligibility ..................................................................... 34
Incentive Awards and Performance Goals .............................................. 34
Effective Date; Termination and Amendment ........................................... 35
New Plan Benefits............................................................... 35
Proxy Statement