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Share Name | Share Symbol | Market | Type |
---|---|---|---|
NVIDIA Corporation | NASDAQ:NVDA | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
13.31 | 1.60% | 843.72 | 843.70 | 844.30 | 133,117 | 11:31:14 |
ý | Preliminary Proxy Statement | ||||
¨ | Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) | ||||
¨ | Definitive Proxy Statement | ||||
¨ | Definitive Additional Materials | ||||
¨ | Soliciting Material Pursuant to §240.14a-12 |
NVIDIA CORPORATION
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(Name of Registrant as Specified In Its Charter) |
(Name of Person(s) Filing Proxy Statement, if other than the Registrant) |
ý | No fee required. | ||||||||||
¨
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Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11. | ||||||||||
(1) | Title of each class of securities to which transaction applies: | ||||||||||
(2) | Aggregate number of securities to which transaction applies: | ||||||||||
(3) | Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined): | ||||||||||
(4) | Proposed maximum aggregate value of transaction: | ||||||||||
(5) | Total fee paid: | ||||||||||
¨
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Fee paid previously with preliminary materials. | |||||||
¨
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Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. | |||||||
(1) |
Amount Previously Paid:
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(2) |
Form, Schedule or Registration Statement No.:
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(3) |
Filing Party:
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(4) |
Date Filed:
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Date and time: | Thursday, June 3, 2021 at 11:00 a.m. Pacific Daylight Time | ||||
Location: | Virtually at www.virtualshareholdermeeting.com/NVIDIA2021 | ||||
Items of business: |
•Election of thirteen directors nominated by the Board of Directors
•Advisory approval of our executive compensation
•Ratification of the selection of PricewaterhouseCoopers LLP as our independent registered public accounting firm for fiscal year 2022
•Approval of an amendment to our Amended and Restated Certificate of Incorporation to increase the number of authorized shares of common stock from 2 billion shares to 4 billion shares
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Transaction of other business properly brought before the meeting | |||||
Record date: | You can attend and vote at the annual meeting if you were a stockholder of record at the close of business on April 5, 2021. | ||||
Stockholder list: |
A list of stockholders entitled to vote at the close of business on the April 5, 2021 record date will be available during the entire time of the annual meeting at www.virtualshareholdermeeting.com/NVIDIA2021 and electronically for 10 days prior to the annual meeting to registered stockholders for any legally valid purpose related to the annual meeting. For access to the stockholder list, please contact us at shareholdermeeting@nvidia.com.
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Virtual meeting admission: | We will be holding our annual meeting virtually at www.virtualshareholdermeeting.com/NVIDIA2021. To participate in the annual meeting, you will need the control number included on your notice of proxy materials or printed proxy card. | ||||
Pre-meeting forum: | To more effectively communicate with our stockholders in connection with the annual meeting, we have established a pre-meeting forum located at www.proxyvote.com where you can submit advance questions to us. |
PAGE | |||||
2007 Plan | NVIDIA Corporation Amended and Restated 2007 Equity Incentive Plan | ||||
2012 ESPP | NVIDIA Corporation Amended and Restated 2012 Employee Stock Purchase Plan | ||||
AC | Audit Committee of the Board | ||||
Base Operating Plan | Performance goal necessary to earn the target award under the Variable Cash Plan and for the target number of SY PSUs to become eligible to vest | ||||
Board | The Company’s Board of Directors | ||||
CC | Compensation Committee of the Board | ||||
CD&A | Compensation Discussion and Analysis | ||||
CEO | Chief Executive Officer | ||||
CFO | Chief Financial Officer | ||||
Charter | The Company’s Amended and Restated Certificate of Incorporation | ||||
Company | NVIDIA Corporation, a Delaware corporation | ||||
Control Number | Identification number for each stockholder included in Notice or proxy card | ||||
ESG | Environmental, social and corporate governance | ||||
Exchange Act | Securities Exchange Act of 1934, as amended | ||||
FASB | Financial Accounting Standards Board | ||||
Fiscal 20__ | The Company’s fiscal year ended on the last Sunday in January of the stated year | ||||
Form 10-K | The Company’s Annual Report on Form 10-K for Fiscal 2021 filed with the SEC on February 26, 2021 | ||||
GAAP | Generally accepted accounting principles | ||||
Internal Revenue Code | U.S. Internal Revenue Code of 1986, as amended | ||||
Lead Director | Lead independent director | ||||
Meeting | Annual Meeting of Stockholders | ||||
MY PSUs | Multi-year PSUs with a three-year performance metric | ||||
Nasdaq | The Nasdaq Stock Market LLC | ||||
NCGC | Nominating and Corporate Governance Committee of the Board | ||||
NEOs | Named Executive Officers consisting of our CEO, our CFO, and our other three most highly compensated executive officers as of the end of Fiscal 2021 | ||||
Non-GAAP Operating Income | GAAP operating income, as the Company reports in its respective earnings materials, excluding stock-based compensation expense, acquisition-related costs, legal settlement costs and other costs | ||||
Notice | Notice of Internet Availability of Proxy Materials | ||||
NYSE | New York Stock Exchange | ||||
PSU | Performance stock unit | ||||
PwC | PricewaterhouseCoopers LLP | ||||
RSU | Restricted stock unit | ||||
S&P 500 | Standard & Poor’s 500 Composite Index | ||||
SEC | U.S. Securities and Exchange Commission | ||||
Securities Act | Securities Act of 1933, as amended | ||||
Stretch | Performance goal necessary for the maximum number of MY PSUs to become eligible to vest | ||||
Stretch Operating Plan | Performance goal necessary to earn the maximum award under the Variable Cash Plan and for the maximum number of SY PSUs to become eligible to vest | ||||
SY PSUs | PSUs with a single-year performance metric, vesting over four years | ||||
Target | Performance goal necessary for the target number of MY PSUs to become eligible to vest | ||||
Threshold | Minimum performance goal necessary to earn an award under the Variable Cash Plan and for SY PSUs and MY PSUs to become eligible to vest | ||||
TSR | Total shareholder return | ||||
Variable Cash Plan | The Company’s variable cash compensation plan |
Date and time: | Thursday, June 3, 2021 at 11:00 a.m. Pacific Daylight Time | ||||
Location: | Virtually at www.virtualshareholdermeeting.com/NVIDIA2021 | ||||
Record date: | Stockholders as of April 5, 2021 are entitled to vote | ||||
Admission to meeting: | You will need your Control Number to attend the 2021 Meeting |
Matter | Page | Board Recommends |
Vote Required
for Approval |
Effect of Abstentions | Effect of Broker Non-Votes | ||||||||||||||||||||||||||||||
Management Proposals: | |||||||||||||||||||||||||||||||||||
Election of thirteen directors |
FOR each director nominee
|
More FOR than WITHHOLD votes
|
None
|
None | |||||||||||||||||||||||||||||||
Advisory approval of our executive compensation | FOR |
Majority of shares present
|
Against | None | |||||||||||||||||||||||||||||||
Ratification of the selection of PwC as our independent registered public accounting firm for Fiscal 2022 | FOR |
Majority of shares present
|
Against | None | |||||||||||||||||||||||||||||||
Approval of an amendment to our Charter to increase the number of authorized shares of common stock from 2 billion shares to 4 billion shares
|
FOR | Majority of shares outstanding | Against | Against |
Name | Age | Director Since | Independent | Financial Expert | Committee Membership | ||||||||||||||||||||||||||||||||||||
Current | Effective upon the 2021 Meeting | ||||||||||||||||||||||||||||||||||||||||
Robert K. Burgess | 63 | 2011 | ü | ü | CC Chair | CC | |||||||||||||||||||||||||||||||||||
Tench Coxe | 63 | 1993 | ü | CC | CC | ||||||||||||||||||||||||||||||||||||
John O. Dabiri | 41 | 2020 | ü | CC | |||||||||||||||||||||||||||||||||||||
Persis S. Drell | 65 | 2015 | ü | CC | NCGC | ||||||||||||||||||||||||||||||||||||
Jen-Hsun Huang | 58 | 1993 | |||||||||||||||||||||||||||||||||||||||
Dawn Hudson | 63 | 2013 | ü | ü | AC | CC Chair | |||||||||||||||||||||||||||||||||||
Harvey C. Jones | 68 | 1993 | ü | ü | CC, NCGC Chair | CC, NCGC Chair | |||||||||||||||||||||||||||||||||||
Michael G. McCaffery | 67 | 2015 | ü | ü | AC Chair | AC Chair | |||||||||||||||||||||||||||||||||||
Stephen C. Neal | 72 | 2019 | ü | NCGC | NCGC | ||||||||||||||||||||||||||||||||||||
Mark L. Perry
Lead Director
|
65 | 2005 | ü | ü | AC, NCGC | AC, NCGC | |||||||||||||||||||||||||||||||||||
A. Brooke Seawell | 73 | 1997 | ü | ü | AC | AC | |||||||||||||||||||||||||||||||||||
Aarti Shah | 56 | 2020 | ü | AC | |||||||||||||||||||||||||||||||||||||
Mark A. Stevens | 61 | 2008 | * | ü | AC, NCGC | AC, NCGC |
Senior Leadership & Operations Experience
|
Industry & Technical
|
Financial/Financial Community
|
Governance & Public Company Board
|
Emerging Technologies & Business Models
|
Marketing, Communications & Brand Management
|
Regulatory, Legal & Risk Management
|
Human Capital Management Experience
|
Diversity
|
|||||||||||||||||||||||||||||||||||||||||||||
Burgess | ü | ü | ü | ü | ü | ||||||||||||||||||||||||||||||||||||||||||||||||
Coxe | ü | ü | ü | ü | |||||||||||||||||||||||||||||||||||||||||||||||||
Dabiri | ü | ü | ü | ||||||||||||||||||||||||||||||||||||||||||||||||||
Drell | ü | ü | ü | ü | ü | ü | |||||||||||||||||||||||||||||||||||||||||||||||
Huang | ü | ü | ü | ü | ü | ü | ü | ü | ü | ||||||||||||||||||||||||||||||||||||||||||||
Hudson | ü | ü | ü | ü | ü | ü | |||||||||||||||||||||||||||||||||||||||||||||||
Jones | ü | ü | ü | ü | ü | ü | ü | ||||||||||||||||||||||||||||||||||||||||||||||
McCaffery | ü | ü | ü | ü | |||||||||||||||||||||||||||||||||||||||||||||||||
Neal | ü | ü | ü | ü | ü | ||||||||||||||||||||||||||||||||||||||||||||||||
Perry | ü | ü | ü | ü | ü | ||||||||||||||||||||||||||||||||||||||||||||||||
Seawell | ü | ü | ü | ü | ü | ||||||||||||||||||||||||||||||||||||||||||||||||
Shah | ü | ü | ü | ü | ü | ü | ü | ü | |||||||||||||||||||||||||||||||||||||||||||||
Stevens | ü | ü | ü | ü |
ü All Board members independent, except for our CEO
ü Independent Lead Director
ü Proxy access
ü Declassified Board
ü Majority voting for directors
ü Active Board oversight of risk and risk management,
including for the Company’s COVID-19 response
|
ü 75% or greater attendance by each Board member at
meetings of the Board and applicable committees
ü Independent directors frequently meet in executive
sessions
ü At least annual Board and committee self-assessments
ü Annual stockholder outreach, including regular Lead
Director participation
ü Stock ownership guidelines for our directors and
executive officers
|
Revenue | Non-GAAP Operating Income | 3-Year TSR | ||||||||||||||||||||||||||||||||||||
Fiscal 2021 Performance Goal | Payout as a % of Target Opportunity | Fiscal 2021 Performance Goal |
Shares Eligible to Vest as a % of
Target Opportunity |
Fiscal 2019 - Fiscal 2021 Performance Goal |
Shares Eligible to Vest as a % of
Target Opportunity |
|||||||||||||||||||||||||||||||||
Threshold | $12.0 billion | 50% | $4.0 billion | 50% | 25th percentile | 25% | ||||||||||||||||||||||||||||||||
Base Operating Plan (Target for MY PSUs) | $12.7 billion | 100% | $4.4 billion | 100% | 50th percentile | 100% | ||||||||||||||||||||||||||||||||
Stretch Operating Plan (Stretch for MY PSUs) | $13.3 billion | 200% | $4.8 billion | 150% for CEO; 200% for other NEOs | 75th percentile | 150% for CEO; 200% for other NEOs | ||||||||||||||||||||||||||||||||
Performance | Revenue, as adjusted, of $15.0 billion* | Non-GAAP Operating Income, as adjusted, of $6.1 billion* |
3-year TSR of 157%,
97th percentile of S&P 500 |
|||||||||||||||||||||||||||||||||||
Payout | 200% of target under Variable Cash Plan | 150% of CEO’s (200% of other NEOs’) target SY PSUs eligible to vest | 150% of CEO’s (200% of other NEOs’) target MY PSUs eligible to vest |
Vote | Change Your Vote | Revoke Your Proxy | |||||||||||||||
Attend the 2021 Meeting virtually and vote during the meeting | ü | ü | |||||||||||||||
Via mail, by signing and mailing your proxy card to us before the 2021 Meeting | ü | ||||||||||||||||
By telephone or via the Internet, by following the instructions provided in the Notice or your proxy materials
|
ü | ü | |||||||||||||||
Submit another properly completed proxy card with a later date | ü | ||||||||||||||||
Send a written notice that you are revoking your proxy to NVIDIA Corporation, 2788 San Tomas Expressway, Santa Clara, California 95051, Attention: Timothy S. Teter, Secretary or via email to shareholdermeeting@nvidia.com | ü |
Proposal Number | Proposal Description | Vote Required for Approval | Effect of Abstentions |
Effect of Broker
Non-Votes |
||||||||||||||||||||||
1 | Election of thirteen directors |
Directors are elected if they receive more FOR votes than WITHHOLD votes
|
None
|
None | ||||||||||||||||||||||
2 | Advisory approval of our executive compensation |
FOR votes from the holders of a majority of shares present and entitled to vote on this matter
|
Against | None | ||||||||||||||||||||||
3 | Ratification of the selection of PwC as our independent registered public accounting firm for Fiscal 2022 |
FOR votes from the holders of a majority of shares present and entitled to vote on this matter
|
Against | None | ||||||||||||||||||||||
4 |
Approval of an amendment to our Charter to increase the number of authorized shares of common stock from 2 billion shares to 4 billion shares
|
FOR votes from the holders of a majority of the shares outstanding
|
Against | Against |
What am I voting on? Electing the 13 director nominees identified below to hold office until the 2022 Meeting and until his or her successor is elected or appointed.
Vote required: Directors are elected if they receive more FOR votes than WITHHOLD votes.
|
Committee Membership | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Name | Age | Director Since | Occupation | Indepen-dent | Financial Expert | Current | Effective upon the 2021 Meeting | Other Public Company Boards | |||||||||||||||||||||||||||||||||||||||||||||
Robert K. Burgess | 63 | 2011 | Independent Consultant | ü | ü | CC Chair | CC | — | |||||||||||||||||||||||||||||||||||||||||||||
Tench Coxe | 63 | 1993 | Independent Investor | ü | CC | CC | 1 | ||||||||||||||||||||||||||||||||||||||||||||||
John O. Dabiri | 41 | 2020 | Centennial Professor of Aeronautics and Mechanical Engineering, California Institute of Technology | ü | — | CC | — | ||||||||||||||||||||||||||||||||||||||||||||||
Persis S. Drell | 65 | 2015 | Provost, Stanford University | ü | CC | NCGC | — | ||||||||||||||||||||||||||||||||||||||||||||||
Jen-Hsun Huang | 58 | 1993 | President & CEO, NVIDIA Corporation | — | — | — | |||||||||||||||||||||||||||||||||||||||||||||||
Dawn Hudson | 63 | 2013 | Independent Consultant | ü | ü | AC | CC Chair | 2 | |||||||||||||||||||||||||||||||||||||||||||||
Harvey C. Jones | 68 | 1993 | Managing Partner, Square Wave Ventures | ü | ü | CC, NCGC Chair | CC, NCGC Chair | — | |||||||||||||||||||||||||||||||||||||||||||||
Michael G. McCaffery | 67 | 2015 | Managing Director, Makena Capital Management | ü | ü | AC Chair | AC Chair | 1 | |||||||||||||||||||||||||||||||||||||||||||||
Stephen C. Neal | 72 | 2019 | Chairman Emeritus & Senior Counsel, Cooley LLP | ü | NCGC | NCGC | — | ||||||||||||||||||||||||||||||||||||||||||||||
Mark L. Perry
Lead Director
|
65 | 2005 | Independent Consultant | ü | ü | AC, NCGC | AC, NCGC | 1 | |||||||||||||||||||||||||||||||||||||||||||||
A. Brooke Seawell | 73 | 1997 | Venture Partner, New Enterprise Associates | ü | ü | AC | AC | 2 | |||||||||||||||||||||||||||||||||||||||||||||
Aarti Shah | 56 | 2020 | Senior Vice President and Chief Information Officer, Eli Lilly and Company | ü | — | AC | — | ||||||||||||||||||||||||||||||||||||||||||||||
Mark A. Stevens | 61 | 2008 | * |
Managing Partner,
S-Cubed Capital |
ü | AC, NCGC | AC, NCGC | — |
•Integrity and candor
•Independence
•Senior leadership and operational experience
•Professional, technical and industry knowledge
•Financial expertise
•Financial community experience (including as an investor in other companies)
•Marketing, communications and brand management background
•Governance and public company board experience
•Experience with emerging technologies and new business models
•Regulatory, legal and risk management expertise
|
•Diversity, including race, ethnicity, sexuality, gender or membership in another underrepresented community
•Human capital management experience
•Experience in academia
•Willingness and ability to devote substantial time and effort to Board responsibilities and Company oversight
•Ability to represent the interests of the stockholders as a whole rather than special interest groups or constituencies
•All relationships between the proposed nominee and any of our stockholders, competitors, customers, suppliers or other persons with a relationship to NVIDIA
•For nominees for re-election, overall service to NVIDIA, including past attendance at Board and committee meetings and participation and contributions to the activities of the Board
|
|
Senior Leadership & Operations Experience
|
Directors with senior leadership and operations experience provide experienced oversight of our business, and unique experiences and perspectives. They are uniquely positioned to contribute practical insight into business strategy and operations, driving growth, building and strengthening corporate culture and supporting the achievement of strategic priorities and objectives. | ||||||||||||
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Industry & Technical | Directors with industry experience and technical backgrounds facilitate a deeper understanding within the Board of innovations and a technical assessment of our products and services. | ||||||||||||
|
Financial/Financial Community | Experience in financial matters and the financial community assists our Board with review of our operations and financial matters, including overseeing our financial statements, capital structure and internal controls. Further, those with a venture capital background offer valuable shareholder perspectives. | ||||||||||||
|
Governance & Public Company Board | Directors with experience in corporate governance, such as service on boards and board committees, or as governance executives of other large, public companies, are familiar with the dynamics and operation of a board of directors and the impact that governance policies have on the Company. This experience supports our goals of strong Board and management accountability, transparency, and protection of shareholder interests. Public company board experience also helps our directors identify challenges and risks we face as a public company, including oversight of strategic, operational, compliance-related matters and relations with shareholders. | ||||||||||||
|
Emerging Technologies & Business Models | Directors with experience in emerging technologies and business models are integral to our growth strategies given our unique business model and provide important insights as our business expands into new areas. | ||||||||||||
|
Marketing, Communications & Brand Management | Directors with experience in marketing, communications and brand management offer guidance on our products directly marketed to consumers, important perspectives on expanding our market share and communicating with our customers and other stakeholders. | ||||||||||||
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Regulatory, Legal & Risk Management | Our business requires compliance with a variety of regulatory requirements in different jurisdictions. We face new regulatory matters and regulations as our business grows. We are also subject to multiple lawsuits. Directors with experience in governmental, public policy, legal and risk management areas, including cybersecurity, help provide valuable insights and oversight for our Company. | ||||||||||||
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Human Capital Management Experience | Our people are critical to our success. Directors with experience in organizational management, talent development, managing and developing values and culture in a large global workforce provide key insights. Human capital management experience also assists our Board in overseeing executive and employee compensation, succession planning, and employee engagement. | ||||||||||||
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Diversity | Directors with diverse backgrounds, experiences, and perspectives improves the dialogue and decision-making in the board room and contributes to overall Board effectiveness. In the chart above and director biographies below, this icon indicates gender or ethnic diversity. |
BOARD DIVERSITY | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gender Identity | Directors who identify in any of the categories below | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Male | Female | Non-Binary | Gender Undisclosed | African American or Black | Hispanic, Latinx or Spanish Origin |
Asian
|
Native American or Alaskan Native | Hawaiian or Other Pacific Islander | White | Two or more races or ethnicities | LGBT | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Burgess | ü | ü | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Coxe | ü | ü | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Dabiri | ü | ü | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Drell | ü | ü | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Huang | ü | ü | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Hudson | ü | ü | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Jones | ü | ü | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
McCaffery | ü | ü | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Neal | ü | ü | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Perry | ü | ü | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Seawell | ü | ü | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Shah | ü | ü | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Stevens | ü | ü |
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ROBERT K. BURGESS
|
Robert K. Burgess has served as an independent investor and board member to technology companies since 2005. He was chief executive officer from 1996 to 2005 of Macromedia, Inc., a provider of internet and multimedia software, which was acquired by Adobe Systems Incorporated; he also served from 1996 to 2005 on its board of directors, as chairman of its board of directors from 1998 to 2005 and as executive chairman for his final year. Previously, he held key executive positions from 1984 to 1991 at Silicon Graphics, Inc. (SGI), a graphics and computing company; from 1991 to 1995, served as chief executive officer and a board member of Alias Research, Inc., a publicly traded 3D software company, until its acquisition by SGI; and resumed executive positions at SGI during 1996. Mr. Burgess was a director of IMRIS Inc., a provider of image guided therapy solutions, from 2010 until 2013; of Adobe from 2005 to 2019; and of Rogers Communications Inc., a communications and media company, from 2016 to 2019. He holds a BCom degree from McMaster University.
Mr. Burgess brings to the Board senior management and operating experience and expertise in the areas of financial- and risk-management. He has been in the computer graphics industry since 1984. He has a broad understanding of the roles and responsibilities of a corporate board and provides valuable insight on a range of issues in the technology industry.
|
|||||||||
Independent Consultant | |||||||||||
Age: 63
|
|||||||||||
Director Since: 2011
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|||||||||||
Current Committees: CC
|
|||||||||||
Committees Effective upon the 2021 Meeting: CC
|
|||||||||||
Independent Director | |||||||||||
Financial Expert | |||||||||||
Other Current Public Company Boards:
•None
|
|||||||||||
|
Senior Leadership & Operations | ||||||||||
|
Financial/Financial Community | ||||||||||
|
Governance & Public Company Board | ||||||||||
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Emerging Technologies & Business Models | ||||||||||
|
Human Capital Management Experience |
|
TENCH COXE
|
Tench Coxe was managing director of Sutter Hill Ventures, a venture capital investment firm, from 1989 to 2020, where he focused on investments in the IT sector. Prior to joining Sutter Hill Ventures in 1987, he was director of marketing and MIS at Digital Communication Associates. He served on the board of directors of Mattersight Corp., a customer loyalty software firm from 2000 to 2018. Mr. Coxe holds a BA degree in Economics from Dartmouth College and an MBA degree from Harvard Business School.
Mr. Coxe brings to the Board expertise in financial and transactional analysis and provides valuable perspectives on corporate strategy and emerging technology trends. His significant financial community experience gives the Board an understanding of the methods by which companies can increase value for their stockholders.
|
|||||||||
Independent Investor | |||||||||||
Age: 63
|
|||||||||||
Director Since: 1993
|
|||||||||||
Current Committees: CC
|
|||||||||||
Committees Effective upon the 2021 Meeting: CC
|
|||||||||||
Independent Director | |||||||||||
Other Current Public Company Boards:
•Artisan Partners Asset Management Inc. (since 1995)
|
|||||||||||
|
Financial/Financial Community | ||||||||||
|
Governance & Public Company Board | ||||||||||
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Emerging Technologies & Business Models | ||||||||||
|
Human Capital Management Experience |
|
JOHN O. DABIRI
|
John O. Dabiri is the Centennial Professor of Aeronautics and Mechanical Engineering at the California Institute of Technology. He is the recipient of a MacArthur Foundation "Genius Grant," the National Science Foundation Alan T. Waterman Award, and the Presidential Early Career Award for Scientists and Engineers. From 2015 to 2019, he served as a Professor of Civil and Environmental Engineering and of Mechanical Engineering at Stanford University, where he was recognized with the Eugene L. Grant Award for Excellence in Teaching, and headed the Dabiri Lab, which conducts research at the intersections of fluid mechanics, energy and environment, and biology. From 2005 to 2015, he was a Professor of Aeronautics and Bioengineering at the California Institute of Technology, during which time he also served as Director of the Center for Bioinspired Wind Energy, Chair of the Faculty, and Dean of Students. Dr. Dabiri is a Fellow of the American Physical Society, where he was also elected to the Chair line of the Division of Fluid Dynamics. He serves on the Board of Trustees of the Gordon and Betty Moore Foundation and on the National Academies’ Committee on Science, Technology, and Law. He is also a member of the editorial board of the Journal of the Royal Society Interface. Dr. Dabiri holds a PhD degree in Bioengineering and an MS degree in Aeronautics from the California Institute of Technology, and a BSE degree summa cum laude in Mechanical and Aerospace Engineering from Princeton University.
Dr. Dabiri brings to the Board a versatile research background and cutting-edge expertise in various engineering fields, along with a proven record of successful innovation.
|
|||||||||
Centennial Professor of Aeronautics and Mechanical Engineering, California Institute of Technology | |||||||||||
Age: 41
|
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Director Since: 2020
|
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Current Committees: None
|
|||||||||||
Committees Effective upon the 2021 Meeting: CC
|
|||||||||||
Independent Director | |||||||||||
Other Current Public Company Boards:
•None
|
|||||||||||
|
Industry & Technical | ||||||||||
|
Emerging Technologies & Business Models | ||||||||||
|
Diversity |
|
PERSIS S. DRELL
|
Persis S. Drell has been the Provost of Stanford University since 2017. A Professor of Materials Science and Engineering and Professor of Physics, as well as Vice President for the U.S. Department of Energy SLAC National Accelerator Laboratory, Dr. Drell has been on the faculty at Stanford since 2002, and was the Dean of the Stanford School of Engineering from 2014 to 2017. She also served as the Director of SLAC from 2007 to 2012. Dr. Drell is a member of the National Academy of Sciences and the American Academy of Arts and Sciences, and is a fellow of the American Physical Society. She has been the recipient of a Guggenheim Fellowship and a National Science Foundation Presidential Young Investigator Award. Dr. Drell holds a Ph.D. from the University of California Berkeley and an AB degree in Mathematics and Physics from Wellesley College.
An accomplished researcher and educator, Dr. Drell brings to the Board expert leadership in guiding innovation in science and technology.
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|||||||||
Provost, Stanford University | |||||||||||
Age: 65
|
|||||||||||
Director Since: 2015
|
|||||||||||
Current Committees: CC
|
|||||||||||
Committees Effective upon the 2021 Meeting: NCGC
|
|||||||||||
Independent Director | |||||||||||
Other Current Public Company Boards:
•None
|
|||||||||||
|
Senior Leadership & Operations Experience | ||||||||||
|
Industry & Technical | ||||||||||
|
Governance & Public Company Board | ||||||||||
|
Emerging Technologies & Business Models | ||||||||||
|
Human Capital Management Experience | ||||||||||
|
Diversity |
|
JEN-HSUN HUANG
|
Jen-Hsun Huang founded NVIDIA in 1993 and has served since its inception as president, chief executive officer, and a member of the board of directors. Prior to founding NVIDIA, Mr. Huang held a variety of positions from 1985 to 1993 at LSI Logic Corp., a computer chip manufacturer, and from 1984 to 1985 at Advanced Micro Devices, Inc., a semiconductor company. In 2017, he was named Fortune’s Businessperson of the Year. In 2019, Harvard Business Review ranked him No. 1 on its list of the world’s 100 best-performing CEOs over the lifetime of their tenure. Mr. Huang holds a BSEE degree from Oregon State University and an MSEE degree from Stanford University.
Mr. Huang is one of the technology industry’s most respected executives, having taken NVIDIA from a startup to a world leader in visual computing. Under his guidance, NVIDIA has compiled a record of consistent innovation and sharp execution, marked by products that have gained strong market share.
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President and Chief Executive Officer, NVIDIA Corporation | |||||||||||
Age: 58
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Director Since: 1993
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Current Committees: None
|
|||||||||||
Committees Effective upon the 2021 Meeting: None
|
|||||||||||
Other Current Public Company Boards:
•None
|
|||||||||||
|
Senior Leadership & Operations Experience
|
||||||||||
|
Industry & Technical | ||||||||||
|
Financial/Financial Community | ||||||||||
|
Governance & Public Company Board | ||||||||||
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Emerging Technologies & Business Models | ||||||||||
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Marketing, Communications & Brand Management | ||||||||||
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Regulatory, Legal & Risk Management | ||||||||||
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Human Capital Management Experience | ||||||||||
|
Diversity |
|
DAWN HUDSON
|
Dawn Hudson serves on the boards of various companies. From 2014 to 2018, Ms. Hudson served as Chief Marketing Officer for the National Football League. Previously, she served from 2009 to 2014 as vice chairman of The Parthenon Group, an advisory firm focused on strategy consulting. She was president and chief executive officer of Pepsi-Cola North America, the beverage division of PepsiCo, Inc. for the U.S. and Canada, from 2005 to 2007 and president from 2002, and simultaneously served as chief executive officer of the foodservice division of PepsiCo, Inc. from 2005 to 2007. Previously, she spent 13 years in marketing, advertising and branding strategy, holding leadership positions at major agencies, such as D’Arcy Masius Benton & Bowles and Omnicom. Ms. Hudson currently serves on the board of directors of a private skincare company. She was a director of P.F. Chang’s China Bistro, Inc., a restaurant chain, from 2010 until 2012; of Allergan, Inc., a biopharmaceutical company, from 2008 until 2014; of Lowes Companies, Inc., a home improvement retailer, from 2001 until 2015; and of Amplify Snack Brands, Inc., a snack food company, from 2014 until 2018. She holds a BA degree in English from Dartmouth College.
Ms. Hudson brings to the board experience in executive leadership. As a longtime marketing executive, she has valuable expertise and insights in leveraging brands, brand development and consumer behavior. She also has considerable corporate governance experience, gained from more than a decade of serving on the boards of public companies.
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Independent Consultant | |||||||||||
Age: 63
|
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Director Since: 2013
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|||||||||||
Current Committees: AC
|
|||||||||||
Committees Effective upon the 2021 Meeting: CC
|
|||||||||||
Independent Director | |||||||||||
Financial Expert | |||||||||||
Other Current Public Company Boards:
•The Interpublic Group of Companies, Inc. (since 2011)
•Modern Times Group MTG AB (since 2020)
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|||||||||||
|
Senior Leadership & Operations Experience | ||||||||||
|
Financial/Financial Community | ||||||||||
|
Governance & Public Company Board | ||||||||||
|
Marketing, Communications & Brand Management | ||||||||||
|
Human Capital Management Experience | ||||||||||
|
Diversity |
|
HARVEY C. JONES
|
Harvey C. Jones has been the managing partner of Square Wave Ventures, a private investment firm, since 2004. Mr. Jones has been an entrepreneur, high technology executive and active venture investor for over 30 years. In 1981, he co-founded Daisy Systems Corp., a computer-aided engineering company, ultimately serving as its president and chief executive officer until 1987. Between 1987 and 1998, he led Synopsys. Inc., a major electronic design automation company, serving as its chief executive officer for seven years and then as executive chairman. In 1997, Mr. Jones co-founded Tensilica Inc., a privately held technology IP company that developed and licensed high performance embedded processing cores. He served as chairman of the Tensilica board of directors from inception through its 2013 acquisition by Cadence Design Systems, Inc. Mr. Jones holds a BS degree in Mathematics and Computer Sciences from Georgetown University and an MS degree in Management from Massachusetts Institute of Technology.
Mr. Jones brings to the board an executive management background, an understanding of semiconductor technologies and complex system design. He provides valuable insight into innovation strategies, research and development efforts, as well as management and development of our technical employees. His significant financial community experience gives the Board an understanding of the methods by which companies can increase value for their stockholders.
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Managing Partner, Square Wave Ventures | |||||||||||
Age: 68
|
|||||||||||
Director Since: 1993
|
|||||||||||
Current Committees: CC, NCGC
|
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Committees Effective upon the 2021 Meeting: CC, NCGC
|
|||||||||||
Independent Director | |||||||||||
Financial Expert | |||||||||||
Other Current Public Company Boards:
•None
|
|||||||||||
|
Senior Leadership & Operations Experience | ||||||||||
|
Industry & Technical | ||||||||||
|
Financial/Financial Community | ||||||||||
|
Governance & Public Company Board | ||||||||||
|
Emerging Technologies & Business Models | ||||||||||
|
Marketing, Communications & Brand Management | ||||||||||
|
Human Capital Management Experience |
|
MICHAEL G. McCAFFERY
|
Michael G. McCaffery has been the Managing Director of Makena Capital Management, an investment management firm since 2005. From 2005 to 2013, he was the Chief Executive Officer of Makena Capital Management. From 2000 to 2006, he was the President and Chief Executive Officer of the Stanford Management Company, the university subsidiary charged with managing Stanford University’s financial and real estate investments. Prior to Stanford Management Company, Mr. McCaffery was President and Chief Executive Officer of Robertson Stephens and Company, a San Francisco-based investment bank and investment management firm, from 1993 to 2009, and also served as Chairman in 2000. Mr. McCaffery is currently serves on the board of directors, or on the advisory boards, of several privately held companies and non-profits. He was a director of KB Home, a homebuilding company, from 2003 until 2015. He holds a BA degree from the Woodrow Wilson School of Public and International Affairs at Princeton University, a BA Honours degree and an MA degree in Politics, Philosophy and Economics from Merton College, Oxford University, Oxford, England, and an MBA degree from the Stanford Graduate School of Business.
Mr. McCaffery brings to the Board a broad array of business, investment and real estate experience and recognized expertise in financial matters, as well as a demonstrated commitment to good corporate governance.
|
|||||||||
Managing Director, Makena Capital Management | |||||||||||
Age: 67
|
|||||||||||
Director Since: 2015
|
|||||||||||
Current Committees: AC
|
|||||||||||
Committees Effective upon 2021 Meeting: AC
|
|||||||||||
Independent Director | |||||||||||
Financial Expert | |||||||||||
Other Current Public Company Boards:
•C3.ai, Inc. (since 2009)
|
|||||||||||
|
Senior Leadership & Operations Experience | ||||||||||
|
Financial/Financial Community | ||||||||||
|
Governance & Public Company Board | ||||||||||
|
Human Capital Management Experience |
|
STEPHEN C. NEAL
|
Stephen C. Neal has served as Chairman Emeritus and Senior Counsel of the law firm Cooley LLP since 2020, where he was also Chief Executive Officer from 2001 until 2008. In addition to his extensive experience as a trial lawyer on a broad range of corporate issues, Mr. Neal has represented and advised numerous boards of directors, special committees of boards and individual directors on corporate governance and other legal matters. Prior to joining Cooley in 1995, Mr. Neal was a partner of the law firm Kirkland & Ellis LLP. Mr. Neal served on the board of directors of Levi Strauss & Co. from 2007 to 2021. Mr. Neal holds an AB degree from Harvard University and a JD degree from Stanford Law School.
Mr. Neal brings to the Board deep knowledge and broad experience in corporate governance as well as his perspectives drawn from advising many companies throughout his career.
|
|||||||||
Chairman Emeritus and Senior Counsel, Cooley LLP | |||||||||||
Age: 72
|
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Director Since: 2019
|
|||||||||||
Current Committees: NCGC
|
|||||||||||
Committees Effective upon the 2021 Meeting: NCGC
|
|||||||||||
Independent Director | |||||||||||
Other Current Public Company Boards:
•None
|
|||||||||||
|
Senior Leadership & Operations Experience | ||||||||||
|
Governance & Public Company Board | ||||||||||
|
Marketing, Communications & Brand Management | ||||||||||
|
Regulatory, Legal & Risk Management | ||||||||||
|
Human Capital Management Experience |
|
MARK L. PERRY
|
Mark L. Perry serves on the boards of, and consults for, various public and private companies, and non-profit organizations. From 2012 to 2013, Mr. Perry served as an Entrepreneur-in-Residence at Third Rock Ventures, a venture capital firm. He served from 2007 to 2011 as president and chief executive officer of Aerovance, Inc., a biopharmaceutical company. He was an executive officer from 1994 to 2004 at Gilead Sciences, Inc., a biopharmaceutical company, serving in a variety of capacities, including general counsel, chief financial officer, and executive vice president of operations, responsible for worldwide sales and marketing, legal, manufacturing and facilities; he was also its senior business advisor until 2007. From 1981 to 1994, Mr. Perry was with the law firm Cooley LLP, where he was a partner for seven years. He served on the board of directors of MyoKardia, Inc. from 2012 to 2020. Mr. Perry holds a BA degree in History from the University of California, Berkeley, and a JD degree from the University of California, Davis.
Mr. Perry brings to the Board operating and finance experience gained in a large corporate setting. He has varied experience in legal affairs and corporate governance, and a deep understanding of the roles and responsibilities of a corporate board.
|
|||||||||
Independent Consultant | |||||||||||
Age: 65
|
|||||||||||
Director Since: 2005
|
|||||||||||
Current Committees: AC, NCGC
|
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Committees Effective upon the 2021 Meeting: AC, NCGC
|
|||||||||||
Lead Director | |||||||||||
Financial Expert | |||||||||||
Other Current Public Company Boards:
•Global Blood Therapeutics, Inc. (since 2015)
|
|||||||||||
|
Senior Leadership & Operations Experience | ||||||||||
|
Financial/Financial Community | ||||||||||
|
Governance & Public Company Board | ||||||||||
|
Regulatory, Legal & Risk Management | ||||||||||
|
Human Capital Management Experience |
|
A. BROOKE SEAWELL
|
A. Brooke Seawell has served since 2005 as a venture partner at New Enterprise Associates, and was a partner from 2000 to 2005 at Technology Crossover Ventures. He was executive vice president from 1997 to 1998 at NetDynamics, Inc., an application server software company, which was acquired by Sun Microsystems, Inc. He was senior vice president and chief financial officer from 1991 to 1997 of Synopsys, Inc., an electronic design automation software company. He serves on the board of directors of several privately held companies. Mr. Seawell served on the board of directors of Glu Mobile, Inc., a publisher of mobile games, from 2006 to 2014; of Informatica Corp., a data integration software company, from 1997 to 2015; and of Tableau Software, Inc., a business intelligence software company, from 2011 to August 2019. He also previously served as a member of the Stanford University Athletic Board and on the Management Board of the Stanford Graduate School of Business. Mr. Seawell holds a BA degree in Economics and an MBA degree in Finance from Stanford University.
Mr. Seawell brings to the Board operational expertise and senior management experience, including knowledge of the complex issues facing public companies, and a deep understanding of accounting principles and financial reporting. His significant financial community experience gives the Board an understanding of the methods by which companies can increase value for their stockholders.
|
|||||||||
Venture Partner, New Enterprise Associates | |||||||||||
Age: 73
|
|||||||||||
Director Since: 1997
|
|||||||||||
Current Committees: AC
|
|||||||||||
Committees Effective upon the 2021 Meeting: AC
|
|||||||||||
Independent Director | |||||||||||
Financial Expert | |||||||||||
Other Current Public Company Boards:
•Tenable Holdings, Inc. (since 2017)
•Eargo, Inc. (since 2020)
|
|||||||||||
|
Senior Leadership & Operations Experience | ||||||||||
|
Financial/Financial Community | ||||||||||
|
Governance & Public Company Board | ||||||||||
|
Emerging Technologies & Business Models | ||||||||||
|
Human Capital Management Experience |
|
AARTI SHAH
|
Aarti Shah has been senior vice president and chief information and digital officer of Eli Lilly and Company since 2016. Dr. Shah has worked at Lilly for 27 years and has served in several functional and business leadership roles, including senior statistician, research scientist, vice president for biometrics, and global brand development leader in Lilly’s Bio-Medicines business unit. She was promoted to senior vice president and became chief information officer in 2016. Dr. Shah has been on the board of trustees of Northwestern Mutual since 2020. She also serves on several nonprofit boards, including the Indiana India Business Council and Shrimad Rajchandra Love & Care USA. She served on the Indianapolis Public Library Foundation board for the full term of 9 years and on the Center for Interfaith Cooperation for the full term of 4 years. Dr. Shah received her bachelor’s and master’s degrees in statistics and mathematics in India before completing her Ph.D. in applied statistics from the University of California, Riverside.
Dr. Shah brings to the Board executive leadership and senior operating experience. Additionally she brings expertise in drug development and technical expertise in the areas of information technology, cybersecurity, advanced analytics and data sciences and digital health.
|
|||||||||
Senior Vice President and Chief Information and Digital Officer, Eli Lilly and Company | |||||||||||
Age: 56
|
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Director Since: 2020
|
|||||||||||
Current Committees: None
|
|||||||||||
Committees Effective upon the 2021 Meeting : AC
|
|||||||||||
Independent Director | |||||||||||
Other Current Public Company Boards:
•None
|
|||||||||||
|
Senior Leadership & Operations Experience | ||||||||||
|
Industry & Technical | ||||||||||
|
Governance & Public Company Board | ||||||||||
|
Emerging Technologies & Business Models | ||||||||||
|
Marketing, Communications & Brand Management | ||||||||||
|
Regulatory, Legal & Risk Management | ||||||||||
|
Human Capital Management Experience | ||||||||||
|
Diversity |
|
MARK A. STEVENS
|
Mark A. Stevens has been the managing partner of S-Cubed Capital, a private family office investment firm, since 2012. He was a managing partner from 1993 to 2011 of Sequoia Capital, a venture capital investment firm, where he had been an associate for the preceding four years. Previously, he held technical sales and marketing positions at Intel Corporation, and was a member of the technical staff at Hughes Aircraft Co. He is a Trustee of the University of Southern California. Mr. Stevens was a director of Quantenna Communications, Inc., a provider of Wi-Fi solutions, from 2016 until 2019. Mr. Stevens holds a BSEE degree, a BA degree in Economics and an MS degree in Computer Engineering from the University of Southern California and an MBA degree from Harvard Business School.
Mr. Stevens brings to the Board a deep understanding of the technology industry, and the drivers of structural change and high-growth opportunities. He provides valuable insight regarding corporate strategy development and the analysis of acquisitions and divestitures. His significant financial community experience gives the Board an understanding of the methods by which companies can increase value for their stockholders.
|
|||||||||
Managing Partner, S-Cubed Capital | |||||||||||
Age: 61
|
|||||||||||
Director Since: 2008
(previously served 1993-2006)
|
|||||||||||
Current Committees: AC, NCGC
|
|||||||||||
Committees Effective upon the 2021 Meeting: AC, NCGC
|
|||||||||||
Independent Director | |||||||||||
Other Current Public Company Boards:
•None
|
|||||||||||
|
Industry & Technical | ||||||||||
|
Financial/Financial Community | ||||||||||
|
Governance & Public Company Board | ||||||||||
|
Emerging Technologies & Business Models |
Name | Fees Earned or Paid in Cash ($) |
Stock Awards ($) (1)
|
Total ($) | ||||||||||||||||||||
Robert K. Burgess | 75,000 | 266,338 | 341,338 | ||||||||||||||||||||
Tench Coxe | 75,000 | 266,338 | 341,338 | ||||||||||||||||||||
John O. Dabiri (2)
|
48,030 | 558,145 |
(3)
|
606,175 | |||||||||||||||||||
Persis S. Drell | 75,000 | 266,338 | 341,338 | ||||||||||||||||||||
James C. Gaither (4)
|
37,500 | — | 37,500 | ||||||||||||||||||||
Dawn Hudson | 75,000 | 266,338 | 341,338 | ||||||||||||||||||||
Harvey C. Jones | 75,000 | 266,338 | 341,338 | ||||||||||||||||||||
Michael G. McCaffery | 75,000 | 266,338 | 341,338 | ||||||||||||||||||||
Stephen C. Neal | 75,000 | 266,338 | 341,338 | ||||||||||||||||||||
Mark L. Perry | 75,000 | 266,338 | 341,338 | ||||||||||||||||||||
A. Brooke Seawell | 75,000 | 266,338 | 341,338 | ||||||||||||||||||||
Aarti Shah (5)
|
23,550 | 440,688 |
(6)
|
464,238 | |||||||||||||||||||
Mark A. Stevens | 75,000 | 266,338 | 341,338 |
Name | RSUs | Stock Options | Name | RSUs | Stock Options | |||||||||||||||||||||||||||
Robert K. Burgess | 356 | 38,041 | Michael G. McCaffery | 356 | — | |||||||||||||||||||||||||||
Tench Coxe | 356 | — | Stephen C. Neal | 1,066 | — | |||||||||||||||||||||||||||
John O. Dabiri | 873 | — | Mark L. Perry | 356 | — | |||||||||||||||||||||||||||
Persis S. Drell | 356 | — | A. Brooke Seawell | 356 | — | |||||||||||||||||||||||||||
James C. Gaither (1)
|
— | — | Aarti Shah | 827 | — | |||||||||||||||||||||||||||
Dawn Hudson | 356 | — | Mark A. Stevens | 356 | — | |||||||||||||||||||||||||||
Harvey C. Jones | 356 | — |
Name of Beneficial Owner | Shares Owned | Shares Issuable Within 60 Days | Total Shares Beneficially Owned | Percent | |||||||||||||||||||||||||
NEOs: | |||||||||||||||||||||||||||||
Jen-Hsun Huang | 21,375,455 |
(1)
|
1,325,000 | 22,700,455 | 3.65% | ||||||||||||||||||||||||
Colette M. Kress | 98,873 |
(2)
|
— | 98,873 | * | ||||||||||||||||||||||||
Ajay K. Puri | 134,755 |
(3)
|
— | 134,755 | * | ||||||||||||||||||||||||
Debora Shoquist | 59,896 | — | 59,896 | * | |||||||||||||||||||||||||
Timothy S. Teter | 34,609 |
(4)
|
— | 34,609 | * | ||||||||||||||||||||||||
Directors, not including Mr. Huang: | |||||||||||||||||||||||||||||
Robert K. Burgess | 6,250 | 28,897 | 35,147 | * | |||||||||||||||||||||||||
Tench Coxe | 1,145,596 |
(5)
|
356 | 1,145,952 | * | ||||||||||||||||||||||||
John O. Dabiri | 195 | 356 | 551 | * | |||||||||||||||||||||||||
Persis S. Drell | 16,515 | 356 | 16,871 | * | |||||||||||||||||||||||||
Dawn Hudson | 31,037 | — | 31,037 | * | |||||||||||||||||||||||||
Harvey C. Jones | 257,732 |
(6)
|
— | 257,732 | * | ||||||||||||||||||||||||
Michael G. McCaffery | 8,504 | — | 8,504 | * | |||||||||||||||||||||||||
Stephen C. Neal | 1,038 |
(7)
|
— | 1,038 | * | ||||||||||||||||||||||||
Mark L. Perry | 52,379 |
(8)
|
356 | 52,735 | * | ||||||||||||||||||||||||
A. Brooke Seawell | 130,000 |
(9)
|
356 | 130,356 | * | ||||||||||||||||||||||||
Aarti Shah | — | — | — | * | |||||||||||||||||||||||||
Mark A. Stevens | 1,607,697 |
(10)
|
356 | 1,608,053 | * | ||||||||||||||||||||||||
Directors and executive officers as a group (17 persons) | 24,960,531 |
(11)
|
1,356,033 | 26,316,564 | 4.23% | ||||||||||||||||||||||||
5% Stockholders: | |||||||||||||||||||||||||||||
The Vanguard Group, Inc. | 47,986,507 |
(12)
|
— | 47,986,507 | 7.71% | ||||||||||||||||||||||||
BlackRock, Inc. | 44,799,146 |
(13)
|
— | 44,799,146 | 7.20% | ||||||||||||||||||||||||
FMR LLC | 43,732,734 |
(14)
|
— | 43,732,734 | 7.03% |
What am I voting on? A non-binding vote, known as “say-on-pay,” to approve our Fiscal 2021 NEO compensation.
Vote required: A majority of the shares present or represented by proxy.
Effect of abstentions: Same as a vote AGAINST.
Effect of broker non-votes: None.
|
|
|
|
|
|
||||||||||
Jen-Hsun Huang | Colette M. Kress | Ajay K. Puri | Debora Shoquist | Timothy S. Teter | ||||||||||
President and CEO | EVP and CFO | EVP, Worldwide Field Operations | EVP, Operations | EVP, General Counsel and Secretary |
BASE SALARY | + | VARIABLE CASH | + | EQUITY | ||||||||||
based on annual revenue |
RSUs vesting over 4 years (all NEOs other than our CEO)
|
|||||||||||||
SY PSUs based on annual Non-GAAP Operating Income, vesting over 4 years
|
||||||||||||||
MY PSUs based on 3-year TSR relative to the S&P 500, vesting after completion of the performance period
|
Target Pay Adjustments
|
Performance Achievement; Maximum Payouts | |||||||||||||
•Increase in proportion of “at-risk” target pay to 94% of CEO target pay and 88% of other NEO target pay
|
•Revenue and Non-GAAP Operating Income each adjusted to exclude the impact of acquisitions completed during Fiscal 2021
|
|||||||||||||
•Increased CEO target variable cash to 150% of base salary (representing 25th percentile of peers)
•No other changes to NEO base salary or target
variable cash for the third consecutive year
|
Revenue, as adjusted, exceeded Stretch Operating Plan goal
|
|
Variable cash payout at 200% of target
|
|||||||||||
•Target equity increased by 51% for CEO and by
111% for other NEOs, after no significant increases in the last three years
|
Non-GAAP Operating Income, as adjusted, exceeded Stretch Operating Plan goal
|
|
200% (150% for CEO) of target PSU shares eligible to vest
|
|||||||||||
Increased Performance Goals |
3-year relative TSR exceeded Stretch goal
|
|
200% (150% for CEO) of target PSU shares eligible to vest
|
|||||||||||
•Fiscal 2021 revenue and Non-GAAP Operating Income Threshold goals set above Fiscal 2020 performance
|
||||||||||||||
•No adjustments to performance goals due to COVID-19
|
What We Do | What We Don’t Do | |||||||
üEmphasize at-risk, performance-based compensation, with objective and distinct goals for each such component
üInclude multi-year PSU awards
üUse annual and 3-year performance targets to help determine SY PSU and MY PSU awards earned, respectively
üRequire NEOs to provide continuous service for 4 years to fully vest in SY PSU and RSU awards
üEvaluate and adjust our program annually based on stockholder and corporate governance group feedback
üMinimize excessive risk-taking
üCap performance-based variable cash and PSU payouts
üRetain an independent compensation consultant reporting directly to the CC
üRequire NEOs to maintain meaningful stock ownership
üMaintain a clawback policy for performance-based compensation
|
X Enter into agreements with NEOs providing for specific terms of employment or severance benefits
X Give our executive officers special change-in-control benefits
X Provide automatic equity vesting upon a change-in-control (except for the provisions in our equity plans that apply to all employees if an acquiring company does not assume or substitute our outstanding stock awards)
X Give NEOs supplemental retirement benefits or perquisites that are not available to all employees
X Provide tax gross-ups
X Reprice stock options without stockholder approval
X Pay dividends or the equivalent on unearned or unvested equity
X Permit executive officers, employees or directors to hedge their ownership of NVIDIA stock or to pledge NVIDIA stock as collateral for a loan
|
Nov - Dec 2019 |
|
Dec 2019 |
|
Mar 2020 |
|
Mar 2021 |
|
Apr 2021 | ||||||||||||||||||
Members of management and the Board, including our Lead Director, engaged in stockholder outreach | CC determined peer companies | CC determined performance goals and compensation, prior to the full onset of the COVID-19 pandemic and the acquisition of Mellanox and other strategic acquisitions | CC certified achievement, excluding impacts of acquisitions completed during Fiscal 2021, and payouts | Completed compensation risk assessment; disclose executive compensation program details |
Revenue | Market Capitalization | |||||||||||||
Fiscal 2021 Peer Group Median | $22.26 billion | $122.83 billion | ||||||||||||
NVIDIA | $10.02 billion | $130.47 billion |
Fiscal 2021 Peer Group | ||||||||||||||
Adobe Inc. | Cisco Systems, Inc. | Intuit Inc. | Qualcomm Incorporated | Tesla, Inc. | ||||||||||
Advanced Micro Devices, Inc. | IBM | Oracle Corporation | Salesforce.com, Inc. | Texas Instruments | ||||||||||
Broadcom Limited | Intel Corporation | PayPal | SAP | VMware, Inc. |
ü The need to attract and retain talent in a highly competitive industry
ü Stockholder feedback regarding our executive pay
ü The simplicity of the overall program and the transparency of the performance metrics
ü An NEO’s past performance and anticipated future contributions
ü Our financial performance and forecasted results
ü The need for NEOs to address new business challenges
ü Each NEO’s current total compensation
ü Each NEO’s unvested equity
|
ü Internal pay equity relative to similarly situated executives and the scope and complexity of the department(s) or function(s) the NEO manages
ü Our CEO’s recommendations for the other NEOs, including his understanding of each NEO’s performance, capabilities, contributions
ü Our CC’s independent judgment
ü Our philosophy that an NEO’s total compensation opportunity and percentage of at-risk pay should increase with responsibility
ü The total compensation cost and stockholder dilution from executive compensation, to maintain a responsible cost structure for our compensation programs*
|
Fixed Compensation | At-Risk Compensation | |||||||||||||||||||||||||||||||
Base Salary | Variable Cash | SY PSUs | MY PSUs |
RSUs (1)
|
||||||||||||||||||||||||||||
Form | Cash | Cash | Equity |
Equity
|
Equity
|
|||||||||||||||||||||||||||
Who Receives | NEOs | NEOs | NEOs | NEOs |
NEOs except our CEO
|
|||||||||||||||||||||||||||
When Granted or Determined | Annually in March | Annually in March | Granted annually in March | Granted annually in March | Granted annually in March | |||||||||||||||||||||||||||
When Paid, Earned, or Issued | Retroactively paid to start of fiscal year, via semi-monthly payroll | If a goal is achieved, earned after fiscal year end, paid in March | Shares eligible to vest determined after fiscal year end based on performance achieved; if a goal is achieved, shares issued on each vesting date, subject to the NEO’s continued service | Shares eligible to vest determined after 3rd fiscal year end based on performance achieved; if a goal is achieved, shares issued on the sole vesting date, subject to the NEO’s continued service | Issued on each vesting date, subject to the NEO’s continued service | |||||||||||||||||||||||||||
Performance Measure | N/A | Revenue (determines cash payout) | Non-GAAP Operating Income (determines number of shares eligible to vest) | TSR relative to the S&P 500 (determines number of shares eligible to vest) |
N/A
|
|||||||||||||||||||||||||||
Performance Period | N/A | 1 year | 1 year | 3 years | N/A | |||||||||||||||||||||||||||
Vesting Period | N/A | N/A | 4 years from grant | 3 years from grant |
4 years from grant
|
|||||||||||||||||||||||||||
Vesting Terms | N/A | N/A | If at least Threshold achieved, 25% on approximately the 1-year anniversary of the grant date; 6.25% quarterly thereafter | If at least Threshold achieved, 100% on approximately the 3-year anniversary of the grant date | 25% on approximately the 1-year anniversary of the grant date; 6.25% quarterly thereafter | |||||||||||||||||||||||||||
Timeframe Emphasized | Annual | Annual | Long-term | Long-term | Long-term | |||||||||||||||||||||||||||
Purpose | Compensate for expected day-to-day performance | Reward for annual corporate financial performance | Align with stockholder interests by linking NEO pay to annual operational performance | Align with long-term stockholder interests by linking NEO pay to multi-year relative shareholder return | Align with stockholder interests by linking NEO pay to the performance of our common stock | |||||||||||||||||||||||||||
Maximum Amount That Can Be Earned | N/A | 200% of target award opportunity under our Variable Cash Plan |
150% of Mr. Huang’s SY PSU target opportunity and 200% of our other NEOs’ respective SY PSU target opportunity
Ultimate value delivered depends on stock price on date earned shares vest
|
150% of Mr. Huang’s MY PSU target opportunity and 200% of our other NEOs’ respective MY PSU target opportunity
Ultimate value delivered depends on stock price on date earned shares vest
|
100% of grant
Ultimate value delivered depends on stock price on date shares vest
|
PERFORMANCE METRICS | ||||||||||||||||||||||||||||||||||||||
Variable Cash Plan | SY PSUs | MY PSUs | ||||||||||||||||||||||||||||||||||||
Metric | Revenue | Non-GAAP Operating Income | TSR relative to the S&P 500 | |||||||||||||||||||||||||||||||||||
Timeframe | 1 year | 1 year | 3 years | |||||||||||||||||||||||||||||||||||
CC’s Rationale for Metric |
Drives value, contributes to Company’s long-term success
Focuses on growth in new and existing markets
Exclusion of impact from acquisitions to align with stockholder interests
Distinct, separate metric from Non-GAAP Operating Income
|
Drives value, contributes to Company’s long-term success
Reflects our annual revenue generation and effective operating expense management
Exclusion of impact from acquisitions to align with stockholder interests
Distinct, separate metric from revenue
|
Aligns directly with long-term shareholder value creation
Provides comparison of our stock price performance, including dividends, against a capital market index in which we compete
Relative performance goal accounts for macroeconomic factors impacting the market
|
PERFORMANCE GOALS | ||||||||||||||||||||||||||||||||||||||
Variable Cash Plan | SY PSUs | MY PSUs | ||||||||||||||||||||||||||||||||||||
Fiscal 2021 Performance Goal |
Payout as a % of Target Opportunity (1)
|
Fiscal 2021 Performance Goal |
Shares Eligible to Vest as a % of Target Opportunity (1)
|
Fiscal 2019 - Fiscal 2021 Performance Goal |
Shares Eligible to Vest as a % of Target Opportunity (1)
|
|||||||||||||||||||||||||||||||||
Threshold | $12.0 billion | 50% | $4.0 billion | 50% |
25th percentile
|
25% | ||||||||||||||||||||||||||||||||
Base Operating Plan
(Target for MY PSUs) |
$12.7 billion | 100% | $4.4 billion | 100% |
50th percentile
|
100% | ||||||||||||||||||||||||||||||||
Stretch Operating Plan (Stretch for MY PSUs) | $13.3 billion | 200% | $4.8 billion | 150% for CEO; 200% for other NEOs |
75th percentile
|
150% for CEO; 200% for other NEOs | ||||||||||||||||||||||||||||||||
PERFORMANCE ACHIEVEMENT AND PAYOUTS | ||||||||||||||||||||||||||||||||||||||
Variable Cash Plan | SY PSUs | MY PSUs | ||||||||||||||||||||||||||||||||||||
Performance | Revenue, as adjusted, of $15.0 billion* | Non-GAAP Operating Income, as adjusted, of $6.1 billion* |
3-year TSR of 157%
97th percentile of S&P 500 |
|||||||||||||||||||||||||||||||||||
Payout | 200% of target |
150% of CEO’s (200% of other NEOs’) target eligible to vest (2)
|
150% of CEO’s (200% of other NEOs’) target eligible to vest (3)
|
Jen-Hsun Huang
|
Target Pay ($) | Fiscal 2021 Compensation Actions | |||||||||||||||
President & CEO
|
Base Salary | 1,000,000 | No change from Fiscal 2020 | ||||||||||||||
Variable Cash | 1,500,000 |
Up 36% from Fiscal 2020 target to balance market competitiveness with peer company chief executive officers; earned at $3,000,000
|
|||||||||||||||
Equity | 15,000,000 |
Up 51% from Fiscal 2020 target after being kept flat over last 3 years
|
|||||||||||||||
SY PSUs | 10,000,086 | 38,727 shares Target opportunity; 58,090 shares became eligible to vest | |||||||||||||||
MY PSUs | 4,999,914 | 19,363 shares Target opportunity | |||||||||||||||
Total | 17,500,000 | Up 46% from Fiscal 2020 target |
Colette M. Kress
|
Target Pay ($) | Fiscal 2021 Compensation Actions | |||||||||||||||
EVP & CFO
|
Base Salary | 900,000 | No change from Fiscal 2020 | ||||||||||||||
Variable Cash | 300,000 |
No change from Fiscal 2020 target; earned at $600,000
|
|||||||||||||||
Equity | 6,800,223 |
Up 106% from Fiscal 2020 target
|
|||||||||||||||
SY PSUs | 3,740,058 | 14,484 shares Target opportunity; 28,968 shares became eligible to vest | |||||||||||||||
MY PSUs | 340,076 | 1,317 shares Target opportunity | |||||||||||||||
RSUs | 2,720,089 | Granted 10,534 shares | |||||||||||||||
Total | 8,000,223 | Up 78% from Fiscal 2020 target |
Ajay K. Puri
|
Target Pay ($) | Fiscal 2021 Compensation Actions | |||||||||||||||
EVP, Worldwide Field
|
Base Salary | 950,000 | No change from Fiscal 2020 | ||||||||||||||
Operations
|
Variable Cash | 650,000 |
No change from Fiscal 2020 target; earned at $1,300,000
|
||||||||||||||
Equity | 6,400,499 | Up 88% from Fiscal 2020 target | |||||||||||||||
SY PSUs | 3,520,055 | 13,632 shares Target opportunity; 27,264 shares became eligible to vest | |||||||||||||||
MY PSUs | 320,193 | 1,240 shares Target opportunity | |||||||||||||||
RSUs | 2,560,251 | Granted 9,915 shares | |||||||||||||||
Total | 8,000,499 | Up 60% from Fiscal 2020 target |
Debora Shoquist
|
Target Pay ($) | Fiscal 2021 Compensation Actions | |||||||||||||||
EVP, Operations
|
Base Salary | 850,000 | No change from Fiscal 2020 | ||||||||||||||
Variable Cash | 250,000 |
No change from Fiscal 2020 target; earned at $500,000
|
|||||||||||||||
Equity | 5,900,327 | Up 145% from Fiscal 2020 target | |||||||||||||||
SY PSUs | 3,245,051 | 12,567 shares Target opportunity; 25,134 shares became eligible to vest | |||||||||||||||
MY PSUs | 295,145 | 1,143 shares Target opportunity | |||||||||||||||
RSUs | 2,360,131 | Granted 9,140 shares | |||||||||||||||
Total | 7,000,327 | Up 100% from Fiscal 2020 target |
Timothy S. Teter
|
Target Pay ($) | Fiscal 2021 Compensation Actions | |||||||||||||||
EVP, General Counsel &
|
Base Salary | 850,000 | No change from Fiscal 2020 | ||||||||||||||
Secretary | Variable Cash | 250,000 |
No change from Fiscal 2020 target; earned at $500,000
|
||||||||||||||
Equity | 3,900,413 | Up 104% from Fiscal 2020 target | |||||||||||||||
SY PSUs | 2,145,034 | 8,307 shares Target opportunity; 16,614 shares became eligible to vest | |||||||||||||||
MY PSUs | 195,214 | 756 shares Target opportunity | |||||||||||||||
RSUs | 1,560,165 | Granted 6,042 shares | |||||||||||||||
Total | 5,000,413 | Up 66% from Fiscal 2020 target |
ü | Our compensation program encourages our employees to remain focused on both our short-term and long-term goals | ||||
ü | We design our variable cash and PSU compensation programs for executives so that payouts are based on achievement of corporate performance targets, and we cap the potential award payout | ||||
ü | We have internal controls over our financial accounting and reporting which is used to measure and determine the eligible compensation awards under our Variable Cash Plan and our SY PSUs | ||||
ü | Financial plan target goals and final awards under our Variable Cash Plan and our SY PSUs are approved by the CC and consistent with the annual operating plan approved by the full Board each year | ||||
ü | MY PSUs are designed with a relative goal | ||||
ü | We have a compensation recovery policy applicable to all employees that allows NVIDIA to recover compensation paid in situations of fraud or material financial misconduct | ||||
ü | All executive officer equity awards have multi-year vesting | ||||
ü | We have stock ownership guidelines that we believe are reasonable and are designed to align our executive officers’ interests with those of our stockholders | ||||
ü | We enforce a “no-hedging” policy and a “no-pledging” policy involving our common stock which prevents our employees from insulating themselves from the effects of NVIDIA stock price performance |
Name and Principal Position |
Fiscal
Year |
Salary
($) |
Bonus
($) |
Stock
Awards ($) (1)
|
Non-Equity
Incentive Plan
Compensation
($) (2)
|
All Other
Compensation ($) |
Total
($) |
||||||||||||||||||||||||||||||||||||||||||||||
Jen-Hsun Huang | 2021 | 1,017,355 | — | 15,279,780 | 3,000,000 | 19,266 |
(3)
|
19,316,401 | |||||||||||||||||||||||||||||||||||||||||||||
President and CEO | 2020 | 996,514 | — | 9,676,920 | 805,444 | 13,402 |
(3)
|
11,492,280 | |||||||||||||||||||||||||||||||||||||||||||||
2019 | 996,514 | — | 11,611,022 | 1,021,900 | 13,402 |
(3)
|
13,642,838 | ||||||||||||||||||||||||||||||||||||||||||||||
Colette M. Kress | 2021 | 915,620 | — | 6,595,691 | 600,000 | 9,731 |
(4)
|
8,121,042 | |||||||||||||||||||||||||||||||||||||||||||||
Executive Vice President and CFO | 2020 | 896,863 | — | 3,307,188 | 219,667 | 9,122 |
(4)
|
4,432,840 | |||||||||||||||||||||||||||||||||||||||||||||
2019 | 896,863 | — | 3,791,203 | 278,700 | 8,622 |
(4)
|
4,975,388 | ||||||||||||||||||||||||||||||||||||||||||||||
Ajay K. Puri | 2021 | 966,487 | — | 6,208,052 | 1,300,000 | 33,388 |
(3)
|
8,507,927 | |||||||||||||||||||||||||||||||||||||||||||||
Executive Vice President, Worldwide Field Operations | 2020 | 946,689 | — | 3,410,921 | 475,944 | 23,151 |
(3)
|
4,856,705 | |||||||||||||||||||||||||||||||||||||||||||||
2019 | 946,689 | — | 3,898,599 | 603,850 | 15,428 |
(3)
|
5,464,566 | ||||||||||||||||||||||||||||||||||||||||||||||
Debora Shoquist | 2021 | 864,752 | — | 5,722,904 | 500,000 | 21,581 |
(4)
|
7,109,237 | |||||||||||||||||||||||||||||||||||||||||||||
Executive Vice President, Operations | 2020 | 847,037 | — | 2,407,200 | 183,056 | 20,478 |
(4)
|
3,457,771 | |||||||||||||||||||||||||||||||||||||||||||||
2019 | 847,037 | — | 2,776,480 | 232,250 | 14,104 |
(4)
|
3,869,871 | ||||||||||||||||||||||||||||||||||||||||||||||
Timothy S. Teter | 2021 | 864,752 | — | 3,783,191 | 500,000 | 9,921 |
(4)
|
5,157,864 | |||||||||||||||||||||||||||||||||||||||||||||
Executive Vice President, General Counsel and Secretary | 2020 | 847,037 | — | 1,918,173 | 183,056 | 9,122 |
(4)
|
2,957,388 | |||||||||||||||||||||||||||||||||||||||||||||
2019 | 847,037 | 450,000 |
(5)
|
2,228,115 | 232,250 | 8,622 |
(4)
|
3,766,024 |
Name |
Grant
Date |
Estimated Possible Payouts Under Non-Equity Incentive Plan Awards (1)
|
Estimated Future Payouts Under Equity Incentive Plan Awards |
All Other Stock
Awards: Number of Shares of Stock or Units (#) |
Grant Date
Fair Value
of Stock
Awards ($) (2)
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Threshold ($) | Target ($) | Maximum ($) | Threshold (#) | Target (#) | Maximum (#) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Jen-Hsun Huang | 3/9/20 |
(3)
|
— | 19,363 | 38,727 | 58,090 | — |
|
9,406,014 |
(4)
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||
3/9/20 |
(5)
|
— | 9,681 | 19,363 | 29,044 | — | 5,873,766 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
3/9/20 | 750,000 | 1,500,000 | 3,000,000 | — | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Colette M. Kress | 3/9/20 |
(3)
|
— | 7,242 | 14,484 | 28,968 | — | 3,517,874 |
(4)
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
3/9/20 |
(5)
|
— | 658 | 1,317 | 2,634 | — | 519,319 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
3/9/20 | — | — | 10,534 |
(6)
|
2,558,498 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
3/9/20 | 150,000 | 300,000 | 600,000 | — | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ajay K. Puri | 3/9/20 |
(3)
|
— | 6,816 | 13,632 | 27,264 | — |
|
3,310,940 |
(4)
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||
3/9/20 |
(5)
|
— | 620 | 1,240 | 2,480 | — | 488,957 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
3/9/20 | — | — | 9,915 |
(6)
|
2,408,155 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
3/9/20 | 325,000 | 650,000 | 1,300,000 | — | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debora Shoquist | 3/9/20 |
(3)
|
— | 6,283 | 12,567 | 25,134 | — |
|
3,052,273 |
(4)
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||
3/9/20 |
(5)
|
— | 571 | 1,143 | 2,286 | — | 450,708 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
3/9/20 | — | — | 9,140 |
(6)
|
2,219,923 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
3/9/20 | 125,000 | 250,000 | 500,000 | — | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Timothy S. Teter | 3/9/20 |
(3)
|
— | 4,153 | 8,307 | 16,614 | — | 2,017,604 |
(4)
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
3/9/20 |
(5)
|
— | 378 | 756 | 1,512 | — | 298,106 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
3/9/20 | — | — | 6,042 |
(6)
|
1,467,481 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
3/9/20 | 125,000 | 250,000 | 500,000 | — | — | — |
Name | Option Awards | Stock Awards | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Number of Securities
Underlying Unexercised Options (#) Exercisable |
Number of Securities
Underlying Unexercised Options (#) Unexercisable |
Option
Exercise
Price ($) (1)
|
Option
Expiration Date |
Number of
Units of Stock That Have Not Vested (#) |
Market Value of Units of Stock That Have Not
Vested ($) (2)
|
Equity Incentive Plan Awards: Number of Unearned Shares That Have Not Vested (#) |
Equity Incentive Plan Awards: Market Value of Unearned Shares That Have Not
Vested ($) (2)
|
||||||||||||||||||||||||||||||||||||||||||||||||||||
Jen-Hsun Huang | 50,000 | — | 17.62 | 3/17/2021 | — |
|
— | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||||
250,000 | — | 14.465 | 9/20/2021 | — |
|
— | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||||
300,000 | — | 14.46 | 3/20/2022 | — |
|
— | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||||
300,000 | — | 13.71 | 9/18/2022 | — |
|
— | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||||
237,500 | — | 12.62 | 3/19/2023 | — |
|
— | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||||
237,500 | — | 16.00 | 9/17/2023 | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||
— | — |
|
— | — | 6,329 |
(3)
|
3,288,485 | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||||
— | — | — | — | 8,707 |
(4)
|
4,524,070 | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||||
— | — |
|
— | — | 24,407 |
(5)
|
12,681,633 | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||||
— | — |
|
— | — | 23,100 |
(6)
|
12,002,529 | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||||
— | — |
|
— | — | 58,090 |
(7)
|
30,182,983 | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||||
— | — | — | — | — | — | 33,000 |
(8)
|
17,146,470 | |||||||||||||||||||||||||||||||||||||||||||||||||||
— | — | — | — | — | — | 29,044 |
(9)
|
15,090,972 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Colette M. Kress | — | — | — | — | 375 |
(10)
|
194,846 | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||||
— | — | — | — | 2,438 |
(3)
|
1,266,760 | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||||
— | — | — | — | 694 |
(11)
|
360,595 | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||||
— | — | — | — | 2,528 |
(4)
|
1,313,524 | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||||
— | — | — | — | 868 |
(12)
|
451,004 | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||||
— | — | — | — | 1,068 |
(13)
|
554,922 | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||||
— | — | — | — | 7,100 |
(5)
|
3,689,089 | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||||
— | — | — | — | 4,444 |
(14)
|
2,309,058 | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||||
— | — | — | — | 10,534 |
(15)
|
5,473,361 | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||||
— | — | — | — | 1,800 |
(6)
|
935,262 | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||||
— | — | — | — | 28,968 |
(7)
|
15,051,483 | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||||
— | — | — | — | — | — | 2,600 |
(8)
|
1,350,934 | |||||||||||||||||||||||||||||||||||||||||||||||||||
— | — | — | — | — | — | 2,634 |
(9)
|
1,368,600 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Ajay K. Puri | — | — |
|
— | — | 391 |
(10)
|
203,160 | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||
— | — |
|
— | — | 2,500 |
(3)
|
1,298,975 | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||||
— | — |
|
— | — | 722 |
(11)
|
375,144 | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||||
— | — |
|
— | — | 2,585 |
(4)
|
1,343,140 | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||||
— | — |
|
— | — | 907 |
(12)
|
471,268 | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||||
— | — |
|
— | — | 1,116 |
(13)
|
579,862 | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||||
— | — |
|
— | — | 7,267 |
(5)
|
3,775,861 | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||||
— | — | — | — | 4,669 |
(14)
|
2,425,966 | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||||
— | — | — | — | 9,915 |
(15)
|
5,151,735 | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||||
— | — | — | — | 1,800 |
(6)
|
935,262 | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||||
— | — | — | — | 27,264 |
(7)
|
14,166,102 | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||||
— | — | — | — | — | — | 2,600 |
(8)
|
1,350,934 | |||||||||||||||||||||||||||||||||||||||||||||||||||
— | — | — | — | — | — | 2,480 |
(9)
|
1,288,583 | |||||||||||||||||||||||||||||||||||||||||||||||||||
Debora Shoquist | — | — | — | — | 266 |
(10)
|
138,211 | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||||
— | — | — | — | 1,813 |
(3)
|
942,017 | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||||
— | — | — | — | 497 |
(11)
|
258,236 | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||||
— | — | — | — | 1,882 |
(4)
|
977,868 | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||||
— | — |
|
— | — | 610 |
(12)
|
316,950 | — | — |
Debora Shoquist (con’t) | — | — |
|
— | — | 749 |
(13)
|
389,173 | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||
— | — |
|
— | — | 5,270 |
(5)
|
2,738,239 | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||||
— | — |
|
— | — | 3,094 |
(14)
|
1,607,611 | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||||
— | — |
|
— | — | 9,140 |
(15)
|
4,749,053 | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||||
— | — |
|
— | — | 1,400 |
(6)
|
727,426 | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||||
— | — |
|
— | — | 25,134 |
(7)
|
13,059,375 | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||||
— | — |
|
— | — | — | — | 2,000 |
(8)
|
1,039,180 | ||||||||||||||||||||||||||||||||||||||||||||||||||
— | — |
|
— | — | — | — | 2,286 |
(9)
|
1,187,783 | ||||||||||||||||||||||||||||||||||||||||||||||||||
Timothy S. Teter | — | — |
|
— | — | 3,044 |
(10)
|
1,581,632 | — | — | |||||||||||||||||||||||||||||||||||||||||||||||||
— | — |
|
— | — | 407 |
(12)
|
211,473 | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||||
— | — |
|
— | — | 1,601 |
(4)
|
831,864 | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||||
— | — |
|
— | — | 499 |
(13)
|
259,275 | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||||
— | — |
|
— | — | 2,082 |
(14)
|
1,081,786 | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||||
— | — |
|
— | — | 4,438 |
(5)
|
2,305,940 | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||||
— | — |
|
— | — | 6,042 |
(15)
|
3,139,363 | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||||
— | — |
|
— | — | 1,400 |
(6)
|
727,426 | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||||
— | — |
|
— | — | 16,614 |
(7)
|
8,632,468 | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||||
— | — |
|
— | — | — | — | 2,000 |
(8)
|
1,039,180 | ||||||||||||||||||||||||||||||||||||||||||||||||||
— | — |
|
— | — | — | — | 1,512 |
(9)
|
785,620 |
Name | Option Awards | Stock Awards | |||||||||||||||||||||||||||
Number of
Shares Acquired on Exercise (#) |
Value
Realized on Exercise ($) |
Number of
Shares Acquired on
Vesting (#) (1)
|
Value
Realized
on Vesting ($) (2)
|
||||||||||||||||||||||||||
Jen-Hsun Huang | 450,000 | 214,949,729 | 137,134 |
(3)
|
36,209,653 | ||||||||||||||||||||||||
Colette M. Kress | — | — | 46,918 |
(4)
|
13,866,745 | ||||||||||||||||||||||||
Ajay K. Puri | — | — | 48,363 |
(5)
|
14,296,188 | ||||||||||||||||||||||||
Debora Shoquist | — | — | 33,838 |
(6)
|
10,037,280 | ||||||||||||||||||||||||
Timothy S. Teter | — | — | 19,135 |
(7)
|
7,183,476 |
Name |
Unvested RSUs and PSUs at January 31, 2021 (#) (1)
|
Total Estimated Benefit ($) (1)
|
||||||||||||
Jen-Hsun Huang | 134,933 | 70,109,837 | ||||||||||||
Colette M. Kress | 48,050 | 24,966,300 | ||||||||||||
Ajay K. Puri | 47,144 | 24,495,551 | ||||||||||||
Debora Shoquist | 38,731 | 20,124,240 | ||||||||||||
Timothy S. Teter | 28,876 | 15,003,681 |
Name | Estimated SY PSUs Granted in Fiscal 2021 at Base Operating Plan Performance (#) | Value of Estimated SY PSUs Granted in Fiscal 2021 at Base Operating Plan Performance ($) |
Actual SY PSUs Granted in Fiscal 2021
Eligible to Vest (#) |
Value of Actual SY PSUs Granted in Fiscal 2021 Eligible to Vest ($) | ||||||||||||||||||||||
Jen-Hsun Huang | 38,727 | 20,122,162 | 58,090 | 30,182,983 | ||||||||||||||||||||||
Colette M. Kress | 14,484 | 7,525,742 | 28,968 | 15,051,483 | ||||||||||||||||||||||
Ajay K. Puri | 13,632 | 7,083,051 | 27,264 | 14,166,102 | ||||||||||||||||||||||
Debora Shoquist | 12,567 | 6,529,688 | 25,134 | 13,059,375 | ||||||||||||||||||||||
Timothy S. Teter | 8,307 | 4,316,234 | 16,614 | 8,632,468 |
Name | Estimated MY PSUs Granted in Fiscal 2019 at Target Performance (#) | Value of Estimated MY PSUs Granted in Fiscal 2019 at Target Performance ($) | Actual MY PSUs Granted in Fiscal 2019 Eligible to Vest (#) | Value of Actual MY PSUs Granted in Fiscal 2019 Eligible to Vest ($) | ||||||||||||||||||||||
Jen-Hsun Huang | 15,400 | 8,001,686 | 23,100 | 12,002,529 | ||||||||||||||||||||||
Colette M. Kress | 900 | 467,631 | 1,800 | 935,262 | ||||||||||||||||||||||
Ajay K. Puri | 900 | 467,631 | 1,800 | 935,262 | ||||||||||||||||||||||
Debora Shoquist | 700 | 363,713 | 1,400 | 727,426 | ||||||||||||||||||||||
Timothy S. Teter | 700 | 363,713 | 1,400 | 727,426 |
What am I voting on? Ratification of the selection of PwC as our independent registered public accounting firm for Fiscal 2022.
Vote required: A majority of the shares present or represented by proxy.
Effect of abstentions: Same as a vote AGAINST.
Effect of broker non-votes: None (because this is a routine proposal, there are no broker non-votes).
|
Fiscal 2021 | Fiscal 2020 | |||||||||||||
Audit Fees (1)
|
$ | 6,283,381 | $ | 5,028,120 | ||||||||||
Tax Fees (2)
|
609,281 | 208,062 | ||||||||||||
All Other Fees (3)
|
7,200 | 4,500 | ||||||||||||
Total Fees | $ | 6,899,862 | $ | 5,240,682 |
AUDIT COMMITTEE | ||
Dawn Hudson | ||
Michael G. McCaffery | ||
Mark L. Perry | ||
A. Brooke Seawell
|
||
Mark A. Stevens |
What am I voting on? Approval of an amendment to our Charter to increase the number of authorized shares of common stock from 2 billion shares to 4 billion shares.
Vote required: A majority of the shares outstanding.
Effect of abstentions: Same as a vote AGAINST.
Effect of broker non-votes: Same as a vote AGAINST.
|
Plan Category |
Number of securities to be
issued upon exercise of outstanding options, warrants and rights (a) |
Weighted-average
exercise price of outstanding options, warrants and rights ($) (b) |
Number of securities remaining available for
future issuance under equity compensation plans (excluding securities reflected in column (a)) (c) |
||||||||||||||||||||||||||
Equity compensation plans approved by security holders (1)
|
2,382,757 | 14.40 |
(2)
|
96,439,470 |
(3)
|
||||||||||||||||||||||||
Equity compensation plans not approved by security holders | — |
(4)
|
— | — | |||||||||||||||||||||||||
Total | 2,382,757 | 14.40 |
(2)
|
96,439,470 |
(3)
|
By: | ||||||||
Colette M. Kress
Executive Vice President and Chief Financial Officer |
1 Year NVIDIA Chart |
1 Month NVIDIA Chart |
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