LeapFrog 2015 Annual Report Download - page 111
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PROXY SUMMARY
This summary highlights information contained elsewhere in this proxy statement. This summary does
not contain all of the information that you should consider, and you should read the entire proxy statement
carefully before voting.
ANNUAL MEETING OF STOCKHOLDERS
Time and Date: August 13, 2015 at 9:00 a.m., Pacific Daylight Time
Place: LeapFrog’s headquarters at 6401 Hollis Street, Suite 100, Emeryville, California 94608
Record Date: June 18, 2015
Mailing Date: On or about July 2, 2015
VOTING MATTERS AND BOARD RECOMMENDATIONS
Matter Our Board’s Recommendation
Election of our board’s nine (9) nominees for director (Page 7) FOR each director nominee
Ratification of PricewaterhouseCoopers LLP as our independent accounting
firm for the 2016 Fiscal Year (Page 13)
FOR
Approval of an amendment to our Amended and Restated Bylaws (Page 16) FOR
Approval of an amendment to the LeapFrog Enterprises, Inc. 2011 Equity
and Incentive Plan (Page 18)
FOR
BOARD NOMINEES
Name Age
Director
Since Experience/Qualification Independent
Other Public
Company
Boards
John Barbour 56 2011 Leadership/Retail/E-commerce No 0
William B. Chiasson 63 2010 Leadership/Finance/Consumer Products Yes 1
Thomas J. Kalinske 70 1997 Leadership/Video Game and Toy Industries Yes 1
Stanley E. Maron 67 1997 Corporate Governance/Tax/Transactional Yes 0
E. Stanton McKee, Jr. 70 2003 Finance/Video Game Industry Yes 1
Joanna Rees 53 2014 Finance/Marketing/Education Yes 1
Randy O. Rissman 67 2011 Leadership/Game and Toy Industries Yes 0
Caden C. Wang 63 2005 Finance/Retail/Consumer Products Yes 0
Stephen M. Youngwood 45 2014 Digital Media/Entertainment Yes 0
HIGHLIGHTS FROM THE COMPENSATION DISCUSSION & ANALYSIS
Financial Results Net sales of $362 million and an operating loss of $84 million for the
2014 calendar year were below expectations for the year.
Key Compensation Decisions Annual Incentives: Annual performance-based bonuses were not paid
during the fiscal year ended March 31, 2015 (Fiscal 2015) or the
transition period from January 1, 2014 to March 31, 2014 (Transition
Period).
Long-Term Incentives: All named executive officers received equity
awards during Fiscal 2015 or the Transition Period, reinforcing alignment
of their long-term incentives with stockholder interests.
Base Salaries: Named executive officers received base salaries increases
between 3.0 − 4.3% as part of our company-wide annual review process
after the 2013 calendar year.
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