Symantec 2014 Annual Report Download - page 44

a broader group of executives and from a broader group of information technology companies, with positions
matched based on specific job scope and responsibilities. The Compensation Committee considers data from
these sources as a framework for making compensation decisions for each named executive officer’s position.
The information technology industry in which we compete is characterized by rapid rates of change and
intense competition from small and large companies, and the companies within this industry have significant
cross-over in leadership talent needs. As such, we compete for executive talent with leading software and serv-
ices companies as well as in the broad information technology industry. We particularly face intense competition
with companies located in the geographic areas where Symantec operates, regardless of specific industry focus or
company size. Further, because we believe that stockholders measure our performance against a wide array of
technology peers, the Compensation Committee uses a peer group that consists of a broader group of high tech-
nology companies in different market segments that are of a comparable size to us. The Compensation Commit-
tee uses this peer group, as well as other relevant market data, to evaluate named executive officer pay levels (as
described above).
The Compensation Committee reviews our peer group on an annual basis, with input from Mercer, and the
group may be adjusted from time to time based on, among other inputs, a comparison of revenues, market
capitalization, industry and peer group performance. Our Compensation Committee adjusted our peer group for
fiscal 2014 based in part on feedback obtained from a majority of our top 100 investors and their advisers, as well
as input from Mercer, and after taking into consideration what is appropriate for our company, stockholders and
management team,. The following criteria were used to select our updated peer group:
‰Businesses with an intense software development focus
‰Similar breadth of complexity and global reach as Symantec
‰Annual revenue of $1.5 billion — $20.0 billion
‰Market capitalization of $4.0 billion — $61.0 billion
‰Software and engineering-driven companies in the Silicon Valley or elsewhere with which we compete
for executive and broader talent
Based on the new selection criteria discussed above, the following companies were removed from our peer
group because they no longer fit the revenue, market cap size or industry selection criteria: Analog Devices, Inc.,
Apple Inc., Harris Corporation, Juniper Networks, Inc., Lexmark International, Inc., Oracle Corporation, Qual-
comm Incorporated and Seagate Technology Pty.
Additionally, the following ten companies were added to our peer group because they fit the new selection
criteria: Activision Blizzard, Inc., Autodesk, Inc., BMC Software, Inc., Citrix Systems, Inc., eBay Inc., Intuit
Inc., Nuance Communications, Inc., salesforce.com, inc., Synopsys, Inc. and VMWare, Inc.
The Compensation Committee has used the below peer group in setting the compensation for our named
executive officers, except for our current interim CEO, for fiscal 2014:
Fiscal 2014 Symantec Peer Group
Activision Blizzard, Inc. eBay Inc. Nuance Communications, Inc.
Adobe Systems Incorporated Electronic Arts Inc. salesforce.com, inc.
Autodesk, Inc. EMC Corporation Synopsys, Inc.
BMC Software, Inc. Intuit Inc. VMware, Inc.
CA, Inc. NetApp, Inc. Yahoo! Inc.
Citrix Systems, Inc.
The Compensation Committee uses these peer companies for comparative purposes, as discussed above. In
fiscal 2014, compensation for individual executive officers was not dependent on how we performed relative to
these peers with respect to particular financial metrics. Further information regarding the financial results and
performance of any of the peer companies may be found in periodic reports those companies file with the SEC.
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