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Employee Benefits
Benefit programs are generally egalitarian. Our qualified defined contribution 401(k) plan is available to our
U.S. employees. Our Named Executive Officers may also participate in a deferred compensation plan. None of
our Named Executive Officers contributed to the deferred compensation plan in fiscal 2011. Our Named
Executive Officers do not receive perquisites. All of our employees, including our Named Executive Officers,
receive discounts on Fossil products.
COMPENSATION COMMITTEE REPORT
The Compensation Committee has reviewed and discussed the Compensation Discussion and Analysis with
the members of management of the Company and, based on such review and discussions, the Compensation
Committee recommended to the Board of Directors that the Compensation Discussion and Analysis be included
in the Company's proxy statement.
COMPENSATION COMMITTEE
Elaine Agather, Chairperson
Diane Neal
Elysia Holt Ragusa
Michael Steinberg
Compensation Committee Interlocks and Insider Participation
During fiscal 2011, the Compensation Committee was comprised of Mses. Agather (Chairperson) and
Ragusa and Mr. Steinberg. During fiscal 2011, no member of the Compensation Committee was or had been an
officer or employee of the Company or any of its subsidiaries or had any relationship requiring disclosure
pursuant to Item 404 of Regulation S-K. No executive officer of the Company served as a member of the
compensation committee (or other board committee performing similar functions or, in the absence of any such
committee, the entire board of directors) of another entity, one of whose executive officers served on the
Compensation Committee. No executive officer of the Company served as a director of another entity, one of
whose executive officers served on the Compensation Committee. No executive officer of the Company served
as a member of the compensation committee (or other board committee performing equivalent functions or, in
the absence of any such committee, the entire board of directors) of another entity, one of whose executive
officers served as a director of the Company.
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