Logitech 2010 Annual Report Download - page 121

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ENglISH
COMPENSATION OF DIRECTORS
The compensation of the members of the Board of Directors that are not Logitech employees is established by
the Committee for Board Compensation, which consists of Guerrino De Luca, our Chairman, and Gerald Quindlen,
our Chief Executive Officer. The Committee for Board Compensation reviews aggregate data on non-executive
director compensation of comparable companies in setting compensation for Logitech’s non-executive directors.
Directors who are Logitech employees do not receive any compensation for their service on the Board of
Directors. Non-executive director compensation consists of the following elements:
• An annual retainer of CHF 40,000.
• A meeting attendance fee of CHF 2,500 for each Board and Board committee meeting attended.
• Compensation for the number of travel days, or part of a travel day, spent traveling to attend Board and
committee meetings, at the rate of CHF 2,500 per day or part of a day of travel.
• An additional annual retainer of CHF 15,000 for the chair of the audit committee.
• An additional annual retainer of CHF 15,000 for the lead independent director.
• An additional annual retainer of CHF 10,000 for the chair of the compensation committee.
• A grant of 6,000 RSUs, vesting in one increment on the one-year anniversary of the date of grant.
• Reimbursement of reasonable expenses for non-local travel (business class).
• Non-executive Board members may elect to receive their Board fees in shares, net of withholdings. Any
such shares are to be issued under the 2006 Stock Incentive Plan.
Annual service is measured between the dates of the Company’s Annual General Meetings.
The following table summarizes the total compensation earned or paid by Logitech during fiscal year 2010 to
continuing members of the Board of Directors who were not executive officers as of March 31, 2010. The compensation
paid to Guerrino De Luca and Gerald Quindlen, the members of the Board of Directors that are Logitech executive
officers as of March 31, 2010, is presented in the Summary Compensation Table.
Non-Executive Director Summary Compensation for Fiscal Year 2010
Name Fees Earned In Cash ($) Stock Awards ($)(1) Total ($)
Daniel Borel ............................................. 72,974 110,580 183,554
Matthew Bousquette ....................................... 124,762 109,680 234,442
Erh-Hsun Chang .......................................... 87,098 127,960 215,058
Kee-Lock Chua ........................................... 108,284 127,960 236,244
Sally Davis .............................................. 101,222 110,580 211,802
Richard Laube ............................................ 87,098 110,580 197,678
Robert Malcolm .......................................... 87,098 109,680 196,778
Monika Ribar ............................................ 110,638 110,580 221,218
(1) Under SEC rules, the values reported reflect the grant date fair value of 7,000 RSUs granted to each of Mr.
Chang and Mr. Chua, and 6,000 RSUs granted to each other non-executive director, on August 31, 2009. The
slight differences in values reported for those directors granted 6,000 RSUs reflect differences in the closing
price of Logitech shares between the SIX Swiss Exchange and Nasdaq on the grant date, as stock awards are
granted and valued using either price depending on the principal residence of the director. The methodology of
the valuation of RSUs is presented in Note 13 to the Consolidated Financial Statements included in Logitech’s
Annual Report to Shareholders and Annual Report on Form 10-K for fiscal year 2010 filed with the SEC on
May 27, 2010.