Logitech 2015 Annual Report Download - page 181

Fiscal Year 2014
(in CHF)(10)
Base
Salary(2) Bonus(4)
Stock
Awards(5)
Other
Compensation(6) Total
Daniel Borel ................. 67,513 — 137,003 17,193 221,709
Matthew Bousquette .......... 141,949 — 134,976 24,512 301,437
Erh-Hsun Chang(11) ........... 37,651 — — 19,018 56,669
Kee-Lock Chua .............. 108,279 — 134,976 22,436 265,691
Sally Davis .................. 107,847 — 137,003 20,612 265,462
Guerrino De Luca(7) ........... 459,053 950,238 2,464,378 34,009 3,907,678
Didier Hirsch ................ 108,626 — 134,976 16,846 260,448
Neil Hunt ................... 88,286 — 134,976 20,841 244,103
Monika Ribar ................ 99,971 137,003 21,466 258,440
Total Board Members(9) ....... 1,219,175 950,238 3,415,291 196,933 5,781,637
1) Fiscal year 2015 U.S. Dollar amounts converted to Swiss Francs using the 12 month average (April
2014 to March 2015) exchange rate of 1CHF = US$1.0784.
2) Base salary for non-employee members of the Board of Directors includes annual Board and
committee retainers and travel fees.
3) In connection with the Audit Committee’s investigation during fiscal year 2015 of accounting issues
from prior years, the Audit Committee and the independent members of the Board met or held
conference calls on a frequent basis in addition to their regular meetings. Additional fees were
awarded in recognition of the additional Audit Committee and Board meetings and calls and other
additional work related to the Audit Committee investigation.
4) Bonus includes amounts earned under the Logitech Management Performance Bonus Plan or other
cash bonuses approved by the Compensation Committee. For fiscal year 2014, amount includes
discretionary bonus of $460,000 (CHF 422,328) received by Mr. De Luca in September 2013 in
recognition for his service as Logitech’s acting Chief Executive Officer from July 2011 through
January 2013.
5) Amounts shown reflect the grant date fair value of the annual stock award. The key assumptions
and methodology for valuation of stock awards are presented in Note 4 to Logitech’s consolidated
financial statements.
6) Other compensation for Mr. De Luca includes term life insurance premiums, long-term disability
insurance premiums, employer’s contribution to medical premiums, matching contributions made
by the Company to the Logitech Inc. 401(k) plan and employer’s contribution to social security and
Medicare. Other compensation for the non-employee members of the Board includes payments
made by Logitech for and related to the individual’s and employer’s contributions to social security.
7) Guerrino De Luca, Logitech’s Chairman, is an executive member of the Board of Directors and his
compensation is structured similarly to the members of the Group Management Team. He does
not also receive the retainers, equity awards or travel day payments used to compensate the non-
employee members of the Board.
8) Dimitri Panayotopoulos was first elected as a director at the Annual General Meeting in December
2014.
9) Total Board Members does not include the compensation of Bracken Darrell, Logitech’s President
and Chief Executive Officer, who is also a member of the Board. Mr. Darrell’s compensation is
included as part of Total Group Management Team.
10) Fiscal year 2014 U.S. Dollar amounts converted to Swiss Francs using the 12 month average (April
2013 to March 2014) exchange rate of 1CHF = US$1.0892.
11) Mr. Erh-Hsun Chang did not stand for re-election as a director at the Annual General Meeting in
September 2013.
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Annual Report Fiscal Year 2015