NVIDIA 2013 Annual Report Download - page 60

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• Mr. Huang: Our Compensation Committee determined that Mr. Huang achieved the following individual
performance goals in fiscal year 2014: led the Company in the achievement of record gross margins and achieved
strong new growth in our target vertical markets as discussed above in the Proxy Summary. As a result of these
achievements, our Compensation Committee approved an Individual Component payout to Mr. Huang of 100%
of his Individual Target Amount.
• Ms. Kress: Our Compensation Committee determined that Ms. Kress achieved the following individual
performance goals in fiscal year 2014: led the development of the Company’s fiscal year 2015 capital return
strategy; completed a $1.5 billion convertible note offering; and having joined as CFO in September 2013, quickly
developed an understanding of the Company’s finance processes and businesses. As a result of these achievements,
our Compensation Committee approved an Individual Component payout to Ms. Kress of 100% of her Individual
Target Amount, which was pro-rated for fiscal year 2014 based on her start date of September 30, 2013.
• Ms. Burns: Our Compensation Committee determined that Ms. Burns achieved the following individual
performance goals in fiscal year 2014: as Interim CFO, led the finance team in a series of performance achievements
in fiscal year 2014, including achieving record gross margins and returning over $1 billion in capital to stockholders;
assisted in a smooth transition of Ms. Kress as the Company’s new CFO; and continued development of the
Company’s long-term capital return program. As a result of these achievements, our Compensation Committee
approved an Individual Component payout to Ms. Burns of 100% of her Individual Target Amount.
• Mr. Puri: Our Compensation Committee determined that Mr. Puri achieved the following performance goals in
fiscal year 2014: assisted the Company in achieving record gross margins; achieved strong new growth in our
target vertical markets as discussed above in the Proxy Summary; and enhanced sales processes/tools and redeployed
resources to increase overall effectiveness of our sales organization. As a result of these achievements, our
Compensation Committee approved an Individual Component payout to Mr. Puri of 105% of his Individual Target
Amount.
• Mr. Shannon: Our Compensation Committee determined that Mr. Shannon achieved the following performance
goals in fiscal year 2014: led the development of the Company’s new IP licensing initiatives, creating new programs
and opportunities for increased revenue while achieving record patent filings; and led the human resources
organization while driving the development and implementation of a new compensation and benefits plan. As a
result of these achievements, our Compensation Committee approved an Individual Component payout to Mr.
Shannon of 100% of his Individual Target Amount.
• Ms. Shoquist: Our Compensation Committee determined that Ms. Shoquist achieved the following performance
goals in fiscal year 2014: implemented key cost reduction strategies and contributed to the Company’s record gross
margins; expanded or established new processes to drive efficiencies and savings; established a second source
foundry; and reduced cycle and delivery time. As a result of these achievements, our Compensation Committee
approved an Individual Component payout to Ms. Shoquist of 100% of her Individual Target Amount.
The payouts under the Variable Plan were as follows:
Executive Officer
Corporate
Component Payout ($)
Individual
Component Payout ($)
Total Variable
Compensation Payout ($)
Jen-Hsun Huang . . . . . . . . . . . . . . . . . 742,530 662,500 1,405,030
Colette M. Kress (1). . . . . . . . . . . . . . . 100,764 89,904 190,668
Karen T. Burns . . . . . . . . . . . . . . . . . . 70,050 62,500 132,550
Ajay K. Puri . . . . . . . . . . . . . . . . . . . . 420,300 395,000 815,300
David M. Shannon . . . . . . . . . . . . . . . 280,200 250,000 530,200
Debora Shoquist . . . . . . . . . . . . . . . . . 168,120 150,000 318,120
__________
(1) Amounts for Ms. Kress are pro-rated based on her start date of September 30, 2013.