Logitech 2004 Annual Report Download - page 31

Robert Wick joined Logitech with the acquisition of Labtec Inc. as Vice President of the Audio Business
Unit in March 2001. He was named Senior Vice President in April 2001, and in October 2002, he was named
Senior Vice President of the Audio and Interactive Entertainment Business Units. Prior to joining Logitech,
Mr. Wick had been President of Labtec, Inc., a provider of PC speakers, headsets and microphones based in
Vancouver, Washington, since December 1998, and served as CEO since August 1999. Prior to joining Labtec,
Mr. Wick spent 8 years at Weiser Lock, a division of Masco Corporation, a U.S. manufacturer of home
improvement and building products, in various management positions including Vice President of Finance and
Logistics. Mr. Wick holds a BS degree in Accounting from the University of Arizona.
4.2 Involvements Outside Logitech of the Executive Officers
Daniel Borel. Refer to section 3.2 above.
David Henry serves as a Director of Anoto Group, AB, a publicly traded Swedish high technology company
from which Logitech licenses its digital pen technology. He joined the Anoto Board in July 2003.
Junien Labrousse serves as a Director of A4Vision, Inc. a privately held U.S. high technology company
from which Logitech licenses its face tracking software. He joined the A4Vision Board in April 2000.
No other Logitech Executive Officer currently has supervisory, management, or advisory functions outside
Logitech. None of the Company’s Executive Officers hold any official functions or political posts.
4.3 Management Contracts
Logitech has not entered into any contractual relationships regarding the management of the Company or its
subsidiaries.
5. Compensation, Shareholdings and Loans
5.1 Logitech’s General Compensation Policy
Logitech has designed its compensation programs to attract, develop, retain and motivate the high caliber of
executives, managers and staff that is critical to the long-term success of its business. Logitech’s compensation
package is composed of a base salary that is competitive to comparable companies in the industry and region,
quarterly and annual cash incentive awards that are based on company performance, and long-term incentive
awards that are comprised of stock options.
The compensation of the non-executive Directors is established by the Board Compensation Committee
(refer to section 3.5 above). Under the Company’s current policy, each non-executive Director receives options
to purchase 20,000 of the Company’s registered shares upon their election to the Board and options for 10,000
shares upon their re-election to the Board. These options are granted at the fair market value at the date of grant
and become exercisable over 3 years in equal annual increments. In addition, non-executive Directors are paid an
annual retainer of $25,000, or CHF 35,000 and receive $2,000, or CHF 2,500 for each board or committee
meeting attended. All Directors are reimbursed for expenses in connection with attendance at Board and
Committee meetings.
Executive Directors do not receive any compensation for their service on the Board of Directors.
The Board of Directors, upon recommendation of the Compensation Committee, establishes the
compensation of the Executive Officers. The Chief Executive Officer is not present at any deliberations or upon
the vote of the Board to approve his compensation.
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