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The following is an excerpt from a DEF 14A SEC Filing, filed by MOTOROLA INC on 3/27/2003.
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MOTOROLA INC - DEF 14A - 20030327 - PROXY_STATEMENT

PROXY STATEMENT

 
  PAGE
•  Voting Procedures   1
  •  Who Can Vote   1
  •  How You Can Vote   1
  •  How You May Revoke Your Proxy or Change Your Vote   1
  •  General Information on Voting   1
  •  Voting by Participants in the Company's 401(k) Profit Sharing Plan   2

•  Proposal 1—Election of Directors for a One-Year Term

 

3
  •  Nominees   3
  •  Meetings of the Board of Directors of the Company   6
  •  Corporate Governance Initiatives   6
  •  Committees of the Board of Directors   7
  •  Director Compensation and Related Transactions   8

•  Proposal 2—Adoption of the Motorola Omnibus Incentive Plan of 2003

 

9
  •  Equity Compensation Plan Information   15

•  Ownership of Securities

 

17

•  Executive Compensation

 

19
  •  Summary Compensation Table   19
  •  Stock Option Grants in 2002   22
  •  Aggregated Option Exercises in 2002 and 2002 Year-End Option Values   23
  •  Long-Term Incentive Plans—No Awards in 2002   23
  •  Retirement Plans   23
  •  Employment Contracts, Termination of Employment and Change in Control Arrangements   24

•  Report of Compensation Committee on Executive Compensation

 

25

•  Report of Audit and Legal Committee

 

28

•  Performance Graph

 

29

•  Other Matters

 

30

•  Appendix A: Audit and Legal Committee Charter

 

A-1

APPENDIX OF FINANCIAL INFORMATION

 

 

•  Management's Discussion and Analysis of Financial Condition and Results of Operations

 

F-1

•  Financial Highlights

 

F-41

•  Financial Statements and Notes

 

F-42

PROXY STATEMENT—VOTING PROCEDURES

        The Board of Directors is soliciting proxies to be used at the May 5, 2003 Annual Meeting. Your vote is very important. This proxy statement, the form of proxy and the 2002 Summary Annual Report will be mailed to stockholders on or about March 27, 2003. The Summary Annual Report is not a part of this proxy statement. The proxy statement and Summary Annual Report are also available on the Company's website at www.motorola.com/investor.


Who Can Vote

        Only stockholders of record at the close of business on March 14, 2003 (the "record date") will be entitled to notice of and to vote at the Annual Meeting or any adjournments thereof. On that date, there were 2,315,606,622 issued and outstanding shares of the Company's common stock, $3 par value per share ("Common Stock"), the only class of voting securities of the Company.


How You Can Vote

        There are three convenient voting methods:

    Voting by Telephone. You can vote your shares by telephone by calling the toll-free telephone number on your proxy card. The deadline for telephone voting is 11:59 p.m., Eastern time on Sunday, May 4, 2003. Telephone voting is available 24 hours a day. If you vote by telephone you should NOT return your proxy card. If you are a beneficial owner, or you hold your shares in "street name," please check your voting instruction card or contact your broker or nominee to determine whether you will be able to vote by telephone.

    Voting by Internet. You can also vote via the Internet. The website for Internet voting is also on your proxy card. The deadline for Internet voting is 11:59 p.m., Eastern time on Sunday, May 4, 2003. Internet voting also is available 24 hours a day. If you vote via the Internet you should NOT return your proxy card. If you are a beneficial owner, or you hold your shares in "street name," please check your voting instruction card or contact your broker or nominee to determine whether you will be able to vote by Internet.

    Voting by Mail. If you choose to vote by mail, mark your proxy, date and sign it, and return it in the postage-paid envelope provided. To ensure your vote is counted, receipt of your mailed proxy is needed by Saturday, May 3, 2003.


How You May Revoke Your Proxy or Change Your Vote

        You can revoke your proxy at any time before it is voted at the 2003 Annual Meeting by either:

    Sending written notice of revocation to the Secretary.

    Submitting another timely proxy by telephone, Internet or paper ballot.

    Attending the 2003 Annual Meeting and voting in person. If your shares are held in the name of a bank, broker or other holder of record, you must obtain a proxy, executed in your favor, from the holder of record to be able to vote at the meeting.


General Information on Voting

    No Cumulative Voting

        You are entitled to cast one vote for each share of Common Stock you own on the record date. Stockholders do not have the right to vote cumulatively in electing directors.

    Quorum Required

        In order for business to be conducted, a quorum must be represented at the Annual Meeting. A quorum is a majority of the shares entitled to vote at the Annual Meeting. Shares represented by a proxy in which authority to vote for any matter considered is "withheld", a proxy marked "abstain" or a proxy as to which there is a "broker non-vote" will be considered present at the meeting for purposes of determining a quorum.

    Required Vote to Elect Directors

        Directors will be elected by a plurality of the votes cast at the Annual Meeting, meaning the 13 nominees receiving the most votes will be elected. Only votes cast for a nominee will be counted. Unless indicated otherwise by your proxy, the shares will be voted for the 13 nominees named in this proxy statement. Instructions on the accompanying proxy to withhold authority to vote for one or more of the nominees will result in those nominees receiving fewer votes but will not count as a vote against the nominees.

    Required Vote to Adopt the Motorola Omnibus Incentive Plan of 2003

        In order to adopt the Motorola Omnibus Incentive Plan of 2003, an affirmative vote of a majority of the shares present in person or by proxy and entitled to vote at the Annual Meeting is required. For this proposal, an abstention will have the same effect as a vote against the proposal. Broker non-votes will not be voted for or against this proposal and will have no effect on this proposal.