SanDisk 2009 Annual Report Download - page 9
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Proxy Statement
TABLE OF CONTENTS
PROXY STATEMENT .................................................................... 1
GENERAL ............................................................................. 1
IMPORTANT NOTICE REGARDING INTERNET AVAILABILITY OF PROXY MATERIALS AND
ANNUAL REPORT .................................................................... 1
VOTING RIGHTS ....................................................................... 1
STOCKHOLDERS SHARING THE SAME LAST NAME AND ADDRESS ......................... 2
REVOCABILITY OF PROXIES ............................................................ 3
SOLICITATION OF PROXIES ............................................................. 3
STOCKHOLDER PROPOSALS TO BE PRESENTED AT THE 2011 ANNUAL MEETING ............ 3
PROPOSAL NO. 1 ELECTION OF DIRECTORS .............................................. 4
BUSINESS EXPERIENCE OF NOMINEES FOR ELECTION AS DIRECTORS ..................... 5
BOARD GOVERNANCE ................................................................. 7
BOARD LEADERSHIP STRUCTURE AND RISK OVERSIGHT ................................. 10
CONSIDERATION OF DIRECTOR NOMINEES .............................................. 11
DIRECTOR COMPENSATION TABLE—FISCAL 2009 ........................................ 14
PROPOSAL NO. 2 RATIFICATION OF APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC
ACCOUNTING FIRM .................................................................. 18
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT ............ 20
COMPLIANCE WITH SECTION 16(A) OF THE SECURITIES EXCHANGE ACT OF 1934 ........... 23
FORM 10-K ............................................................................ 25
AUDIT COMMITTEE REPORT ............................................................ 25
COMPENSATION DISCUSSION AND ANALYSIS ............................................ 26
Executive Compensation Program Objectives and Overview .................................. 26
Current Executive Compensation Program Elements ......................................... 28
Stock Ownership Guidelines ............................................................ 33
Section 162(m) Policy ................................................................. 33
COMPENSATION COMMITTEE REPORT ON EXECUTIVE COMPENSATION ................... 34
SUMMARY COMPENSATION TABLE—FISCAL 2007—2009 .................................. 35
GRANTS OF PLAN-BASED AWARDS IN FISCAL 2009 ....................................... 37
OUTSTANDING EQUITY AWARDS AT FISCAL 2009 YEAR-END .............................. 39
OPTION EXERCISES AND STOCK VESTED IN FISCAL 2009 .................................. 41
POTENTIAL PAYMENTS UPON TERMINATION OR CHANGE IN CONTROL .................... 41
CERTAIN TRANSACTIONS AND RELATIONSHIPS .......................................... 43
OTHER BUSINESS ...................................................................... 45