revenue. The company's revenue approximates the 63 filings. Radford Executive Survey Towers Perrin US CDB High Tech Executive Database Towers Watson General Industry Top Management Compensation Survey Report -- U.S. to screen for companies with revenue levels we believed were comparable to ours. In reviewing this market data, the Compensation Committee did not focus on any particular company used in the survey (other than the peer companies noted above). For individuals who were executive officers at the time of the annual review, the survey data and the peer group data were averaged (with the survey and peer group data weighted equally) to create what we refer to in this section as "composite market data." (For officers who were not executive officers at the time of the annual review, generally only survey data was reviewed.) The composite market data, along with our target pay position strategy outlined below, provided the Compensation Committee a reference point, which was one of several factors (as described above) that it used to make subjective compensation decisions during its fiscal 2013 annual compensation review. Committee believes that the vote outcome is an indication that stockholders generally approve of the structure of our executive compensation program. In addition, prior to the 2012 Annual Meeting of Shareholders, we reached out to numerous institutional stockholders to solicit feedback on our executive compensation program. In light of the 2012 advisory Say-on-Pay vote results and our discussions with stockholders, the Compensation Committee structured executive compensation for fiscal 2013 in a way that is generally consistent with fiscal 2012. Stockholders will have an opportunity annually to cast an advisory vote in connection with named executive officer compensation. |