iRobot 2015 Annual Report Download - page 7

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Proxy Statement
TABLE OF CONTENTS
PROXY STATEMENT 1
BACKGROUND OF THE SOLICITATION 4
PROPOSAL 1 — ELECTION OF DIRECTORS 10
Nominees 10
Recommendation of the Board 11
DIRECTORS AND EXECUTIVE OFFICERS 12
CORPORATE GOVERNANCE AND BOARD MATTERS 19
Board Leadership Structure 19
Independence of Members of the Board of Directors 19
Executive Sessions of Independent Directors 19
The Board of Directors’ Role in Risk Oversight 20
Policies Governing Director Nominations 20
Policy Governing Security Holder Communications with the Board of Directors 22
Policy Governing Director Attendance at Annual Meetings of Stockholders 22
Board of Directors Evaluation Program 23
Code of Ethics 23
THE BOARD OF DIRECTORS AND ITS COMMITTEES 24
Board of Directors 24
Audit Committee 24
Compensation and Talent Committee 25
Nominating and Corporate Governance Committee 25
Strategy and Finance Committee 26
Compensation and Talent Committee Interlocks and Insider Participation 26
REPORT OF THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS 27
REPORT OF THE COMPENSATION AND TALENT COMMITTEE OF THE BOARD OF
DIRECTORS 29
COMPENSATION AND OTHER INFORMATION CONCERNING EXECUTIVE OFFICERS AND
DIRECTORS 30
Compensation Discussion and Analysis 30
Compensation Consultant Independence 41
Executive Compensation Summary 43
Grants of Plan-Based Awards in 2015 44
Outstanding Equity Awards at Fiscal Year End 45
Option Exercises and Stock Vested 46
Equity Compensation Plan Information 47
Potential Benefits Upon Termination or Change in Control 47
Director Compensation 49
Transactions with Related Persons 51
PROPOSAL 2 — RATIFICATION OF APPOINTMENT OF INDEPENDENT REGISTERED
PUBLIC ACCOUNTANTS 52
PricewaterhouseCoopers LLP Fees 53
Recommendation of the Board 54
PROPOSAL 3 — APPROVAL OF AMENDMENTS TO OUR AMENDED AND RESTATED
CERTIFICATE OF INCORPORATION TO ELIMINATE SUPERMAJORITY VOTING
REQUIREMENTS 55
Recommendation of the Board 56