Logitech 2003 Annual Report Download - page 135
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property rights and safety defects, subject to certain restrictions. The scope of these indemnities varies, but in some
instances, includes indemnification for damages and expenses, including reasonable attorneys’ fees. No amounts
have been accrued for indemnification provisions at March 31, 2003.
The Company believes that its cash and cash equivalents, cash from operations, and available borrowings under
its bank lines of credit will be sufficient to fund capital expenditures and working capital needs for the foreseeable
future.
Research and Development
For a discussion of our research and development activities, patents and licenses, please see Item 4.B “Business
Overview.”
Trend Information
For a discussion of significant trends in our financial conditions and results of operations, please see Item 5.
“Results of Operations” and “Liquidity and Capital Resources.”
ITEM 6. DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES
A. Directors and Senior Management
Information concerning directors and senior management of Logitech appears on pages CG-3 to CG-7 in Exhibit
12.6 to the Form 20-F and is incorporated herein by reference.
B. Compensation of Executive Officers and Directors
Information concerning the compensation of executive officers and directors of Logitech appears on pages CG-7
to CG-9 in Exhibit 12.6 to the Form 20-F and is incorporated herein by reference.
C. Board Practices
Information concerning the Company’s board practices appears on pages CG-3 to CG-6 in Exhibit 12.6 to the
Form 20-F and is incorporated herein by reference.
D. Employees
We employed the following numbers of employees:
Category
2003 2002 2001
Research and development 430 391 306
Manufacturing and distribution 3,617 3,189 3,741
Marketing, sales and support 485 437 375
Administration 404 387 372
Total 4,936 4,404 4,794
As of March 31,
Of the total number of employees, as of March 31, 2003, 649 were in North America, 385 were in Europe and
3,902 were in Asia.
None of the Company's U.S. employees are represented by a labor union or are subject to a collective bargaining
agreement. Certain foreign countries, such as China, provide by law for employee rights, which include requirements
similar to collective bargaining agreements. The Company believes that its employee relations are good.
E. Share and Option Ownership
Information concerning share and option ownership appears on page CG-8 in Exhibit 12.6 to the Form 20-F and
is incorporated herein by reference.