Autodesk 2013 Annual Report Download - page 33

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2013 Proxy Statement 25
Alignment of Executive Compensation and Corporate
Performance
Each March, the Committee makes compensation
decisions for the Named Executive Officers based, in large
part, on Autodesk's performance and executives'
individual performance for the just-completed fiscal year.
To evaluate the Committee's commitment to paying for
performance, it is necessary to compare the compensation
decisions taking place in one year with the performance of
the prior fiscal year, as illustrated by the following table:
Fiscal Year Performance Period Timing of Related
Committee Decisions
Fiscal 2013 February 1, 2012, to
January 31, 2013 March 2013
Fiscal 2012 February 1, 2011, to
January 31, 2012 March 2012
As a result of this decision-making cycle, the timing of the
compensation decisions is not reflected in the relevant
fiscal year in the Summary Compensation Table.
Generally, under SEC reporting requirements, the
Committee's decisions and actions regarding the value of
long-term incentive compensation appear in the Summary
Compensation Table for the fiscal year following the fiscal
year to which they relate.
For example, in March 2013, the Committee made
decisions about the long-term incentive compensation
awards for the CEO based on Autodesk's and his individual
performance during the period from February 1, 2012,
through January 31, 2013 (fiscal 2013). Since these
decisions were made following the end of fiscal 2013, the
amounts awarded will appear in next year's fiscal 2014
Summary Compensation Table rather than the fiscal 2013
Summary Compensation Table in this Proxy Statement.
To illustrate the correlation between the Committee's pay
decisions and Autodesk performance, the chart below
displays the multi-year relationship between indexed TSR
of Autodesk's stock price, percentage of actual revenue and
non-GAAP operating margin attainment against internal
target, and the resulting changes in CEO compensation as
viewed by the Committee. The indexed TSR is calculated
using the closing price of Autodesk's Common Stock on
January 31, 2009 as a baseline. The revenue and non-
GAAP operating margin performance is against Autodesk's
targeted internal annual business plan. The CEO
compensation represents salary paid during the relevant
fiscal year combined with the full value of equity awards
and bonus payments made for the prior fiscal year
performance. This general alignment between the
experience of the stockholders in terms of investment
performance and the compensation of the CEO clearly
demonstrates the Committee's commitment to align pay
with performance.
Proxy Materials