Slide 1: 2010 Incentive Compensation Plan Amendment
2010 Incentive Compensation Plan Amendment
Slide 2: Disclosure
Disclosure This presentation contains "forward-looking" statements about Synaptics, as that term is defined under the federal securities laws. Synaptics intends such forward-looking statements to be subject to the safe-harbor created by those laws. Such forward-looking statements relate to, without
Slide 3: Executive Summary
Executive Summary Synaptics is seeking shareholder approval to amend the 2010 Incentive Compensation Plan Shares available as of August 30, 2013 = 1,180,541 Increase authorized shares by 3,000,000 resulting in total pool of 4,180,541 shares We anticipate issuing approximately 1,500,000 shares per ye
Slide 4: Company Overview: Leading Human Interface Company
Right Markets Smartphones In-cell, On-cell and Display Integration Leader Notebooks Industry leading TouchPad and ThinTouch keyboard solutions for Win8 "Touch First" OS Tablets Android and Windows support along with ThinTouch Integrated keyboards Broadest Portfolio Innovation leader with history of
Slide 5: Background: Investment in R&D drives growth
(CHART) Background: Investment in R&D drives growth (CHART) Increased R&D Investment Drives Winning Product & Technology Portfolio R&D CAGR 25% FY13 Growth Accelerates; Strong Growth Expected to Continue in FY14 $(M) GM% Revenue CAGR 16% $(M)
Slide 6: Background: Strong track record of growth and profitability
(CHART) Background: Strong track record of growth and profitability (CHART) Net Income CAGR 18% EPS CAGR 24% See Appendix hereto for a reconciliation of GAAP to non-GAAP results
Slide 7: Background: Synaptics outperforms the industry
Background: Synaptics outperforms the industry Synaptics has outperformed the peer group median over the last one, three, and five-year periods (CHART) The peer group used for the analysis of total shareholder return consists of Atmel, Cirrus Logic, Cypress Semiconductor, Emulex, Integrated Device T
Slide 8: Equity is critical to recruiting and retaining high-caliber talent
Equity is critical to recruiting and retaining high- caliber talent to drive our continued success Our growth strategy is dependent on our ability to recruit, motivate, reward, and retain employees to support R&D and customer engagements 67% of our headcount works in an R&D role Headquartered in San
Slide 9: Our pay-for-performance approach to equity aligns employee and stockholder interests
Our pay-for-performance approach to equity aligns employee and stockholder interests Our equity program encourages employees to think like stockholders: Take actions that create long-term stockholder value Promote long-term sustainability Our equity program emphasizes pay-for-performance For executi
Slide 10: We have actively managed the impact of our equity compensation program
We have actively managed the impact of our equity compensation program We reduced our annual "burn rate" and "overhang" over the last two fiscal years Our stock repurchase program offsets the dilutive effect of equity awards Over the past 3 fiscal years, Synaptics repurchased more shares than were g
Slide 11: Our overhang is largely due to vested in-the-money stock options
Our overhang is largely due to employees holding vested "in-the-money" stock options 63% of our outstanding equity awards consist of "in-the-money" and vested stock options, including > 1M options outstanding > 6 years We believe the number of vested in-the-money stock options demonstrates the holde
Slide 12: Appendix
Appendix HORS
Slide 13: Appendix: Burn rate and overhang definitions
Appendix Unadjusted gross burn rate: options and restricted shares/units granted divided by weighted average shares outstanding. Adjusted gross burn rate: options and restricted shares/units (converted to option equivalents using a 2.0 multiplier) granted divided by weighted average shares outstandi
Slide 14: Vested in-the-money Stock Options Outstanding for more than Six Years
Appendix Vested in-the-money Stock Options Outstanding for more than Six Years (1) These options vested 1/4th of the total number of options granted 12 months from grant date and 1/48th of the total number of options granted each month thereafter until fully vested 48 months after the grant date.
Slide 15: Reconciliation of GAAP to Non-GAAP: Net Income, EPS, and R&D Expense
Appendix Reconciliation of GAAP to Non-GAAP: Net Income, Earnings Per Share, and R&D Expense