Dell 2004 Annual Report Download - page 63

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Table of Contents
Under the 2006 program, certain revenue growth and profitability metrics are measured over a three-year performance period (beginning with
fiscal 2006 and continuing through fiscal 2008). If actual company performance, on an annual basis, meets the specified revenue targets and
profitability threshold levels, participating executives will be entitled to receive one-time cash bonuses at the end of the three-year performance
period. The bonus amounts will be a multiple of the executive's annual cash bonus for each year that the annual performance goals are met.
The maximum aggregate bonus modifier over the three-year period is 500%. Payment of each executive's long-term cash incentive bonus is
conditioned on continued employment. For participants in the 2006 program, the fiscal 2007 bonus modifier under the 2004 program will be
reduced from 300% to 200%.
The 2006 program was established under the 2002 Long-Term Incentive Plan, which was approved by stockholders at the 2002 annual
meeting. The Compensation Committee intends compensation paid pursuant to the fiscal 2006 program to qualify as "performance-based
compensation" for purposes of Section 162(m) of the Internal Revenue Code.
PART III
The information called for by Part III of Form 10-K (Item 10 — Directors and Executive Officers of the Registrant, Item 11 — Executive Compensation,
Item 12 — Security Ownership of Certain Beneficial Owners and Management, Item 13 — Certain Relationships and Related Transactions, and Item 14 —
Principal Accounting Fees and Services), to the extent not set forth herein under "Item 1 — Business — Executive Officers of Dell," is incorporated by
reference from Dell's definitive proxy statement, which will be filed with the Securities and Exchange Commission within 120 days after the end of the fiscal
year to which this report relates.
PART IV
ITEM 15 — EXHIBITS, FINANCIAL STATEMENT SCHEDULE
Financial Statements
The following financial statements are filed as a part of this report under "Item 8 — Financial Statements and Supplementary Data:"
Page
Report of Independent Registered Public Accounting Firm 34
Consolidated Statements of Financial Position at January 28, 2005 and January 30, 2004 36
Consolidated Statements of Income for each of the three fiscal years ended January 28, 2005 37
Consolidated Statements of Cash Flows for each of the three fiscal years ended January 28, 2005 38
Consolidated Statements of Stockholders' Equity for each of the three fiscal years ended January 28, 2005 39
Notes to Consolidated Financial Statements 40
Financial Statement Schedule
The following financial statement schedule is filed as a part of this report under Schedule II immediately preceding the signature page: Schedule II —
Valuation and Qualifying Accounts for the three fiscal years ended January 28, 2005. All other schedules called for by Form 10-K are omitted because they
are inapplicable or the required information is shown in the consolidated financial statements, or notes thereto, included herein.
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