Logitech 2015 Annual Report Download - page 77

Compensation Report for Fiscal Year 2015
67 | – Proxy Statement
2015 Annual General Meeting Invitation, Proxy Statement
Following this review, the Compensation Committee approved the following peer group to consist of 15 publicly-traded
companies for fiscal year 2015:
Adobe Systems Incorporated Intuit, Inc. Plantronics, Inc.
Autodesk, Inc. Lexmark International, Inc. Polycom, Inc.
Brocade Communications Systems, Inc. NETGEAR, Inc. SanDisk Corporation
Electronic Arts, Inc. Nuance Communications, Inc. Trimble Navigation Limited
Garmin Ltd. NVIDIA Corporation VeriFone Systems, Inc.
Following is the peer group financial data as reflected at the time the fiscal year 2015 executive compensation review
was performed:
(in millions) Revenues
Market
Capitalization
75th Percentile $ 3,933.9 $10,601.4
50th Percentile 2,287.0 8,245.8
25th Percentile 1,804.1 2,790.3
Logitech 2,093.5 2,520.1
Percentile Rank 33% 22%
Revenue reflects most recently available four quarters as of March 2014 and market capitalization as of February 7,
2014, as provided by Radford.
This compensation peer group was used by the
Compensation Committee in connection with its
annual review of our executive compensation program
in fiscal year 2015. Specifically, the Compensation
Committee reviewed the compensation data drawn
from the compensation peer group, in combination with
industry-specific compensation survey data, to develop
a subjective representation of the “competitive market”
with respect to current executive compensation levels
and related policies and practices. The Compensation
Committee then evaluated how our pay practices and the
compensation levels of our executive officers compared
to the competitive market. As part of this evaluation, the
Compensation Committee also reviewed the performance
measures and performance goals generally used within
the competitive market to reward performance.
Fiscal Year 2016 Compensation Peer Group
In fiscal year 2015, looking forward to fiscal year 2016, the compensation consultant evaluated the existing compensation
peer group and used the criteria set forth in the following table to objectively identify companies for inclusion in our
compensation peer group for fiscal year 2016:
Criteria Rationale
Industry We compete for talent with companies in the following industries:
• Technology
• Consumer Products
Financial Scope Our Named Executive Officer compensation should be similar to senior managers at
companies that have comparable financial characteristics including revenues and market
capitalization
Other Factors As appropriate, utilize additional refinement criteria (objective or subjective) such as revenue
growth, profitability, valuation, headcount, business model