iRobot 2012 Annual Report Download - page 5

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TABLE OF CONTENTS
PROXY STATEMENT 1
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 3
PROPOSAL 1 — ELECTION OF DIRECTORS 5
Nominees 5
Recommendation of the Board 6
DIRECTORS AND EXECUTIVE OFFICERS 7
CORPORATE GOVERNANCE AND BOARD MATTERS 10
Board Leadership Structure 10
Independence of Members of the Board of Directors 10
Executive Sessions of Independent Directors 10
The Board of Directors’ Role in Risk Oversight 10
Policies Governing Director Nominations 10
Policy Governing Security Holder Communications with the Board of Directors 12
Policy Governing Director Attendance at Annual Meetings of Stockholders 13
Board of Directors Evaluation Program 13
Code of Ethics 14
THE BOARD OF DIRECTORS AND ITS COMMITTEES 15
Board of Directors 15
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 EXECUTIVE OFFICERS AND DIRECTORS 19
Compensation Discussion & Analysis 19
Executive Compensation Summary 27
Grants of Plan-Based Awards in 2012 28
Outstanding Equity Awards at Fiscal Year End 30
Options Exercises and Stock Vested 31
Potential Benefits Upon Termination or Change in Control 31
Director Compensation 33
Transactions with Related Persons 34
PROPOSAL 2 — RATIFICATION OF APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC
ACCOUNTANTS 36
PricewaterhouseCoopers LLP Fees 36
Recommendation of the Board 37
PROPOSAL 3 — ADVISORY VOTE ON THE APPROVAL OF THE COMPENSATION OF OUR NAMED
EXECUTIVE OFFICERS 38
Recommendation of the Board 38
PROPOSAL 4 - SHAREHOLDER PROPOSAL ENTITLED "PROXY ACCESS FOR SHAREHOLDERS" 39
Recommendation of the Board 39
OTHER MATTERS 42
STOCKHOLDER PROPOSALS 42
SECTION 16(a) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE 42
EXPENSES AND SOLICITATION 42
HOUSEHOLDING OF PROXY MATERIALS 42
Appendix A A-1
Proxy Statement