iRobot 2011 Annual Report Download - page 3

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Proxy Statement
TABLE OF CONTENTS
PROXY STATEMENT ............................................................................ 1
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT .................... 3
PROPOSAL 1 — ELECTION OF DIRECTORS ........................................................ 6
Nominees ....................................................................................... 6
Recommendation of the Board ....................................................................... 7
DIRECTORS AND EXECUTIVE OFFICERS .......................................................... 8
CORPORATE GOVERNANCE AND BOARD MATTERS ............................................... 12
Board Leadership Structure ......................................................................... 12
Independence of Members of the Board of Directors ..................................................... 12
Executive Sessions of Independent Directors ............................................................ 12
The Board of Directors’ Role in Risk Oversight ......................................................... 12
Policies Governing Director Nominations .............................................................. 13
Policy Governing Security Holder Communications with the Board of Directors ............................... 15
Policy Governing Director Attendance at Annual Meetings of Stockholders ................................... 15
Board of Directors Evaluation Program ............................................................... 15
Code of Ethics .................................................................................... 16
THE BOARD OF DIRECTORS AND ITS COMMITTEES ............................................... 17
Board of Directors ................................................................................ 17
Audit Committee .................................................................................. 17
Compensation Committee .......................................................................... 18
Nominating and Corporate Governance Committee ....................................................... 18
Compensation Committee Interlocks and Insider Participation .............................................. 18
REPORT OF THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS ................................ 20
REPORT OF THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS ...................... 21
COMPENSATION AND OTHER INFORMATION CONCERNING EXECUTIVE OFFICERS AND DIRECTORS
.............................................................................................. 22
Compensation Discussion & Analysis ................................................................. 22
Executive Compensation Summary ................................................................... 31
Grants of Plan-Based Awards in 2011 ................................................................. 32
Outstanding Equity Awards at Fiscal Year End .......................................................... 33
Options Exercises and Stock Vested ................................................................... 34
Potential Benefits Upon Termination or Change in Control ................................................ 34
Director Compensation ............................................................................. 35
Transactions with Related Persons .................................................................... 37
PROPOSAL 2 — RATIFICATION OF APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC
ACCOUNTANTS .............................................................................. 38
PricewaterhouseCoopers LLP Fees ................................................................... 38
Recommendation of the Board ....................................................................... 39
PROPOSAL 3 — ADVISORY VOTE ON THE APPROVAL OF THE COMPENSATION OF OUR NAMED
EXECUTIVE OFFICERS ........................................................................ 40
Recommendation of the Board ....................................................................... 40
OTHER MATTERS ............................................................................... 41
STOCKHOLDER PROPOSALS ..................................................................... 41
SECTION 16(a) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE ................................. 41
EXPENSES AND SOLICITATION .................................................................. 41
HOUSEHOLDING OF PROXY MATERIALS ......................................................... 42
Appendix A ..................................................................................... A-1