Knowles Corporation · NYSE:KN
Knowles — Shareholder Meeting (April 2017)
12 slides from Knowles's shareholder meeting presentation, Apr 25, 2017
Slide 1: Spring 2017 Stockholder Engagement
Spring 2017 Stockholder Engagement
Slide 2: Knowles Company Overview
Knowles Company Overview Company Highlights #1 Global Supplier of MEMS microphones #1 Global Supplier of Acoustics to Hearing Health Market World class capabilities in digital signal processing, software and algorithms Diversified end markets and customer base Quick Facts 7,000 employees in 12 count
Slide 3: Transforming Knowles from Acoustic Component Supplier to Leading Audio Solutions Provider
S Transforming Knowles from an Acoustic Component Supplier to a Leading Audio Solutions Provider Delivering Superior Audio Performance to Mobile, Ear and IoT Markets
Slide 4: New Business Strategy: Leveraging Best in Class Acoustics, Software and Signal Processing
New Business Strategy: Leveraging Best in Class Acoustics, Software and Signal Processing to Deliver Superior Audio Solutions to Mobile, Ear and IoT Markets Positioning Knowles for Long-Term Value Creation Transforming Knowles from an Acoustic Component Supplier to a Leading Audio Solutions Provider
Slide 5: 2016 Strategic Initiatives and Accomplishments
2016 Strategic Initiatives and Accomplishments Key initiatives driving our transformation into the leading, vertically integrated, audio solutions provider Progress Against Strategic Initiatives Strong execution with MEMs microphone new product introductions Successful sale of our MCE speaker & rece
Slide 6: Executive Compensation Philosophy and Structure
Executive Compensation Philosophy and Structure Pay Element Salary Annual Incentive Long-Term Incentive Purpose Provide a competitive level of fixed compensation to attract and retain talented executives. Motivate and reward executives for achieving financial and individual performance goals Motivat
Slide 7: New Product Introduction and Organization Enhancements
New Product Introduction and Organization Enhancements Enabled new product introduction execution enhancements Refined process and structure for identifying, prioritizing and aligning our key technology investments Annual Incentive Program Focus executives on annual goals in quickly-evolving technol
Slide 8: Comprehensive Target-Setting Process Establishes Rigorous Targets
Comprehensive Target-Setting Process Establishes Rigorous Targets Aligned with Operating Plan January – February 2016 May – August 2016 November –December 2016 January – February 2017 Determined whether and to what extent prior year performance targets or other objectives or conditions applicable to
Slide 9: Thoughtful Approach to Compensation and Governance
Thoughtful Approach to Compensation and Governance Compensation Best Practices Payouts for cash incentives capped Require “Double Trigger” acceleration upon CIC No tax gross-ups upon CIC No hedging or pledging by employees or directors No repricing or replacing underwater options without prior stock
Slide 10: Highly Qualified Board
Highly Qualified Board Jean-Pierre M. Ergas Chairman Director Since: 2014 Managing Partner, Ergas Ventures Jeffrey S. Niew President & CEO Director Since: 2014 Former President & CEO of Dover Communication Technologies Keith L. Barnes Audit Chair Director Since: 2014 Chair & CEO, Barnes Capital Mgmt
Slide 11: We Value Your Support
We Value Your Support FOR Election of Directors FOR Ratification of the appointment of PricewaterhouseCoopers LLP as our independent registered public accounting firm for 2017 FOR Advisory vote to approve the compensation of our named executive officers Knowles’ Compensation Program Aligned Pay for
Slide 12: Thank You
Thank You