Deborah Thomas
About Deborah Thomas
Deborah Thomas (61), a U.S. national, has served as an independent director of Logitech since 2020. She is the former Executive Vice President and Chief Financial Officer of Hasbro, Inc. (CFO 2013–May 2023; Senior Advisor May–Dec 2023) and previously worked at KPMG in the U.S. and U.K. (1986–1998). She holds a BS from Providence College and is a Certified Public Accountant. At Logitech, she chairs the Audit Committee and serves on the Compensation and the Nominating & Governance Committees; the Board has determined she is independent.
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Hasbro, Inc. | EVP & CFO; previously SVP & CFO (2009–2013); SVP/Head of Corporate Finance; SVP & Controller; VP & Assistant Controller | CFO Mar 2013–May 2023; Senior Advisor May–Dec 2023; prior roles 1998–2013 | Senior leadership of finance, U.S. GAAP, IT, supply chain, M&A; multi-category consumer/gaming/media experience |
| KPMG Peat Marwick LLP (US/UK) | Assurance (Senior Manager) | 1986–1998 | Audit/assurance experience at Big 4 firm |
External Roles
| Organization | Role | Public/Private | Notes |
|---|---|---|---|
| Samsonite Group S.A. | Board Member | Public | Global luggage and lifestyle company |
| Rhode Island Airport Corporation | Board Member | Private | Operates and maintains six airports |
Board Governance
- Independence: The Board determined Thomas is independent under Nasdaq rules and Swiss best practice guidelines.
- Committee assignments (FY2025): Audit (Chair), Compensation (Member), Nominating & Governance (Member). All committees are composed entirely of independent directors.
- Audit Committee Financial Expert: The Board determined Thomas is an “audit committee financial expert.”
- Tenure and term: Director since 2020; current term expires at the 2025 AGM.
- Meeting attendance (FY2025): Board met 7x; Audit 10x; Compensation 5x; N&G 4x. All incumbent directors attended ≥75% of meetings. Thomas’ attendance detail below. All incumbent directors attended the 2024 AGM.
| Meeting Body | Meetings Held FY2025 | Thomas Meetings Attended FY2025 |
|---|---|---|
| Board of Directors | 7 | 7 |
| Audit Committee | 10 | 10 |
| Compensation Committee | 5 | 5 |
| Nominating & Governance Committee | 4 | 3 (joined as of 2024 AGM; attended all post‑joining) |
Fixed Compensation
- Policy: Non-employee directors receive an annual cash retainer and an annual service-based RSU grant; committee chairs/members receive additional retainers. Directors may elect to receive cash retainers in shares; in FY2025 none elected this.
- FY2025 standard fees (CHF/USD): Board retainer CHF 60,000/$70,717; RSU grant CHF 200,000/$235,724; Audit Chair +CHF 40,000/$47,145; Compensation member +CHF 15,000/$17,679; N&G member +CHF 6,500/$7,661 (select elements shown).
Director-level compensation for Deborah Thomas (audited Swiss-law tables):
| Fiscal Year (CHF) | Fees Settled in Cash | Stock Awards | Other Compensation | Total |
|---|---|---|---|---|
| FY2024 | 108,750 | 196,833 | 29,320 | 334,903 |
| FY2025 | 118,714 | 196,910 | 37,008 | 352,632 |
FY2025 SEC-format (USD):
| Fiscal Year (USD) | Fees Earned in Cash | Stock Awards | Total |
|---|---|---|---|
| FY2025 | 139,919 | 232,082 | 372,001 |
Notes: “Other Compensation” primarily social security contributions.
Performance Compensation
- Equity type and vesting: Non-employee directors receive annual service-based RSUs vesting on the one-year anniversary of grant (or earlier at the next AGM if not re-elected). No performance metrics apply to director equity awards.
Equity grant/outstanding detail at FY2025 year-end:
| Name | Grant Date | Unvested RSUs (#) | Market Value ($) |
|---|---|---|---|
| Deborah Thomas | 9/4/2024 | 2,736 | 230,946 |
Other Directorships & Interlocks
| Company | Role | Interlock/Relationship to LOGI |
|---|---|---|
| Samsonite Group S.A. | Director | No disclosed related-party transactions with Logitech; consumer luggage not a Logitech competitor. |
| Rhode Island Airport Corporation | Director | No disclosed related-party transactions with Logitech. |
Expertise & Qualifications
- Board skills matrix indicates Thomas brings CFO/CEO experience, international business, B2C, technology, M&A, sustainability, and board governance expertise.
- The Board has designated her an Audit Committee Financial Expert.
Equity Ownership
- Share ownership: As of March 31, 2024, Thomas held 6,553 shares; she also held 3,178 options/PRSUs/RSUs.
- Outstanding director RSUs: 2,736 unvested RSUs as of FY2025 year-end, granted 9/4/2024.
- Ownership guidelines: Non-employee directors must hold shares equal to 5x annual cash retainer; as of June 30, 2025, each non-employee director had either satisfied the guidelines or had time remaining to do so. Hedging, pledging, and short sales are prohibited.
| Ownership Detail | Amount | As-of Date |
|---|---|---|
| Shares Held | 6,553 | Mar 31, 2024 |
| Options/PRSUs/RSUs Held | 3,178 | Mar 31, 2024 |
| Unvested RSUs | 2,736 | FY2025 year-end |
| RSU Market Value ($) | 230,946 | FY2025 year-end |
Governance Assessment
- Strengths: Independent audit chair with CFO and Big 4 background; designated Audit Committee Financial Expert; strong attendance; robust policies prohibiting hedging/pledging; board-wide ownership guidelines enhance alignment.
- Compensation alignment: Director pay split between cash retainers for service scope and time-based RSUs; FY2025 cash modestly higher than FY2024 consistent with committee service; no discretionary bonuses or special awards disclosed.
- Conflicts/related parties: Company reports no loans/credits to directors and no payments to closely related parties in FY2025–FY2024; related-party transactions require Audit Committee approval.
- Time commitments/interlocks: External roles at Samsonite and the Rhode Island Airport Corporation noted; no disclosed interlocks or transactions with Logitech, reducing conflict risk.
- Engagement: Served as Audit Chair and on two additional committees with high meeting cadence; attended all meetings of the committees post-assignment during FY2025.
RED FLAGS: None disclosed regarding related-party transactions, hedging/pledging, loans, or attendance shortfalls.