Logitech 2012 Annual Report Download - page 85

Committee and management believe that providing a working environment and opportunities in which executives
and employees can develop, express their individual potential, and make a difference, are also a key part of
Logitech’s success in attracting, retaining and motivating executives and employees.
Voting Requirement to Approve Proposal
The affirmative “FOR” vote of a majority of the votes cast in person or by proxy at the Annual General
Meeting, not counting abstentions.
Recommendation
The Board of Directors recommends a vote “FOR” approval of the following advisory resolution:
“ Resolved, that the compensation paid to Logitech’s named executive officers as disclosed in the
Compensation Report, including the “Compensation Discussion and Analysis,” the Summary
Compensation table and the related compensation tables, notes, and narrative discussion, is
hereby approved.”
Proposal 3
Appropriation of Retained Earnings and Distribution of Capital Contribution Reserves
3.1 Appropriation of Retained Earnings
Proposal
The Board of Directors proposes that CHF 460,919,135 (US $482,397,967 based on the exchange rate on
June 30, 2012) of retained earnings be appropriated as follows:
Year ended
March 31, 2012
(in thousands)
Retained earnings at the beginning of fiscal year 2012 ................................ CHF 507,730
Appropriation of retained earnings resolved by the 2011 Annual General
Meeting - Dividend ......................................................... —
Attribution from reserve for treasury shares ........................................ (51,880)
Net income for fiscal year 2012................................................... 5,069
Retained earnings at the disposal of the Annual General Meeting at the end of fiscal
year 2012 ................................................................. CHF 460,919
Unappropriated retained earnings before allocations .................................. CHF 460,919
Proposed allocation to other general reserves for treasury shares ...................... (116,070)
Proposed allocation to general reserve........................................... (9,580)
Unappropriated retained earnings to be carried forward ............................... CHF 335,269
Other general reserves for treasury shares before allocation ............................ CHF 217,375
Proposed allocation from unappropriated retained earnings .......................... 116,070
Other general reserves for treasury shares to be carried forward ........................ CHF 333,445
General reserve before allocations ................................................ CHF —
Proposed allocation from unappropriated retained earnings .......................... 9,580
General reserve to be carried forward.............................................. CHF 9,580
Reserve for treasury shares from capital contributions before allocation .................. CHF 116,070
Proposed allocation to free reserves from capital contributions ....................... (116,070)
Reserve for treasury shares from capital contributions to be carried forward............... CHF —
General reserve from capital contributions before allocations ........................... CHF 9,580
Proposed allocation to free reserves from capital contributions ....................... (9,580)
General reserve from capital contributions to be carried forward ........................ CHF —
ENGLISH
75