Logitech 2010 Annual Report Download - page 64

Download and view the complete annual report

Please find page 64 of the 2010 Logitech annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 236

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194
  • 195
  • 196
  • 197
  • 198
  • 199
  • 200
  • 201
  • 202
  • 203
  • 204
  • 205
  • 206
  • 207
  • 208
  • 209
  • 210
  • 211
  • 212
  • 213
  • 214
  • 215
  • 216
  • 217
  • 218
  • 219
  • 220
  • 221
  • 222
  • 223
  • 224
  • 225
  • 226
  • 227
  • 228
  • 229
  • 230
  • 231
  • 232
  • 233
  • 234
  • 235
  • 236

54
The Board of Directors proposes approval of the following amendments (the French version of which is definitive)
to the Articles of Incorporation:
Current version Proposed new version
Article 4 Article 4
The shares shall be registered. They shall be numbered
and shall bear the facsimile signatures of two members
of the Board of Directors.
The shares shall be registered.
The general meeting of shareholders shall have the
authority to convert the registered shares into bearer
shares by means of an amendment to the Articles of
Incorporation.
The general meeting of shareholders shall have the
authority to convert the registered shares into bearer
shares by means of an amendment to the Articles of
Incorporation.
The Company shall have the authority to issue
certificates representing blocks of shares. [deleted]
The Company may forego the printing of registered
shares and issuing of securities. However, any
shareholder may require that the Company print and
issue stock certificates at any time and free of charge.
The Board of Directors shall set forth in regulations the
details and the requirements for the execution thereof.
Subject to the paragraph below, the registered shares
of the Company will be uncertificated securities (in
terms of the Swiss Code of Obligations) and book entry
securities (in terms of the Swiss Book Entry Securities
Act).
A shareholder registered in the Company’s shareholders’
register may request from the Company a statement
of the shareholder’s registered shares at any time.
Shareholders do not have a right to the printing and
delivery of share certificates. The Company may,
however, print and deliver certificates for shares at any
time at its option. The Company may also, at its option,
withdraw uncertificated shares from the custodian
system where they have been registered and, with the
consent of the shareholder, cancel issued certificates
that are returned to the Company.
Voting Requirement to Approve Proposal
The affirmative “FOR” vote of a majority of the votes present in person or by proxy at the Annual General
Meeting.
Recommendation of the Board
The Board of Directors recommends a vote “FOR” approval to amend Article 4 of the Company’s Articles of
Incorporation to implement the Swiss Book Entry Securities Act.
Proposal 5
Release of the Board of Directors and Executive Officers for Activities During Fiscal Year 2010
Proposal
The Board of Directors proposes that shareholders release the members of the Board of Directors and Executive
Officers for liability for activities during fiscal year 2010.