Logitech 2015 Annual Report Download - page 180

LOGITECH INTERNATIONAL S.A.
Remuneration Report
1. Introduction
In accordance with the Ordinance against Excessive Remuneration in Swiss Listed Companies
(the “Ordinance”), the compensation of members of the Board of Directors of Logitech International
S.A. and of Logitech’s Group Management Team is presented below. Certain sections of this report
are audited as required by the Ordinance. This Remuneration Report should be read in conjunction
with the Compensation Discussion and Analysis and the description of the Compensation of Directors
included in our Proxy Statement. The Compensation Discussion and Analysis is intended to assist our
stockholders in understanding our executive compensation programs by providing an overview of our
executive compensation-related policies, practices and decisions for fiscal year 2015. The description of
our Compensation of Directors includes additional information describing the elements of compensation
for the non-employee members of our Board of Directors.
2. Compensation of Board of Directors
2.1. Overview
It is our general policy that compensation for non-employee directors is fixed and should be a mix
of cash and equity-based compensation. For fiscal year 2015, cash compensation of non-employee
directors consists solely of annual retainers based on Board and committee service and payment for
travel days in connection with Board meetings. Non-employee directors also receive an annual restricted
stock unit (“RSU”) grant based on a fixed market value. These grants vest based on approximately one
year of Board service.
The following tables set forth compensation Logitech paid or accrued for payment to the individual
members of the Board of Directors for services performed in the fiscal years ended March 31, 2015
and 2014:
2.2. Compensation of Board of Directors in Fiscal Years 2015 and 2014
Fiscal Year 2015
(in CHF)(1)
Base
Salary(2)
Addt’l
Fees(3) Bonus(4)
Stock
Awards(5)
Other
Compensation(6) Total
Daniel Borel . . . . . . . . . . . . . . 65,000 — — 149,490 28,569 243,059
Matthew Bousquette . . . . . . . 151,667 103,500 — 141,273 59,711 456,151
Kee-Lock Chua . . . . . . . . . . . 103,000 56,000 — 141,273 45,490 345,763
Sally Davis . . . . . . . . . . . . . . . 136,667 64,750 — 149,490 48,554 399,461
Guerrino De Luca(7) . . . . . . . . 463,646 — 523,920 396,315 71,243 1,455,124
Didier Hirsch . . . . . . . . . . . . . 110,000 106,000 — 141,273 60,877 418,150
Neil Hunt . . . . . . . . . . . . . . . . 97,917 28,500 — 141,273 38,281 305,971
Dimitri Panayotopoulos(8) . . . . 45,000 — — 149,490 — 194,490
Monika Ribar . . . . . . . . . . . . . 97,917 56,000 — 149,490 43,159 346,566
Total Board Members(9) . . . . 1,270,814 414,750 523,920 1,559,367 395,884 4,164,735
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Annual Report Fiscal Year 2015