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As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 3/11/21 Forrester Research, Inc. 10-K 12/31/20 111:18M ActiveDisclosure/FA |
Document/Exhibit Description Pages Size
1: 10-K Annual Report HTML 1.58M
2: EX-10.18 Material Contract HTML 46K
3: EX-21 Subsidiaries List HTML 35K
4: EX-23.1 Consent of Expert or Counsel HTML 31K
5: EX-31.1 Certification -- §302 - SOA'02 HTML 35K
6: EX-31.2 Certification -- §302 - SOA'02 HTML 35K
7: EX-32.1 Certification -- §906 - SOA'02 HTML 33K
8: EX-32.2 Certification -- §906 - SOA'02 HTML 33K
15: R1 Document and Entity Information HTML 96K
16: R2 Consolidated Balance Sheets HTML 120K
17: R3 Consolidated Balance Sheets (Parenthetical) HTML 54K
18: R4 Consolidated Statements of operations HTML 109K
19: R5 Consolidated Statements of Comprehensive Income HTML 57K
(Loss)
20: R6 Consolidated Statement of Shareholders' Equity HTML 87K
21: R7 Consolidated Statements of Cash Flows HTML 144K
22: R8 Consolidated Statements of Cash Flows HTML 34K
(Parenthetical)
23: R9 Summary of Significant Accounting Policies HTML 239K
24: R10 Acquisitions HTML 148K
25: R11 Goodwill and Other Intangible Assets HTML 212K
26: R12 Debt HTML 75K
27: R13 Leases HTML 110K
28: R14 Derivatives and Hedging HTML 57K
29: R15 Fair Value Measurements HTML 191K
30: R16 Income Taxes HTML 318K
31: R17 Stockholders' Equity HTML 249K
32: R18 Employee Pension Plans HTML 38K
33: R19 Non-Marketable Investments HTML 36K
34: R20 Operating Segment and Enterprise Wide Reporting HTML 461K
35: R21 Certain Balance Sheet Accounts HTML 124K
36: R22 Contingencies HTML 35K
37: R23 Summary of Significant Accounting Policies HTML 294K
(Policies)
38: R24 Summary of Significant Accounting Policies HTML 175K
(Tables)
39: R25 Acquisitions (Tables) HTML 144K
40: R26 Goodwill and Other Intangible Assets (Tables) HTML 215K
41: R27 Debt (Tables) HTML 69K
42: R28 Leases (Tables) HTML 113K
43: R29 Derivatives and Hedging (Tables) HTML 52K
44: R30 Fair Value Measurements (Tables) HTML 189K
45: R31 Income Taxes (Tables) HTML 314K
46: R32 Stockholders' Equity (Tables) HTML 247K
47: R33 Operating Segment and Enterprise Wide Reporting HTML 460K
(Tables)
48: R34 Certain Balance Sheet Accounts (Tables) HTML 128K
49: R35 Summary of Significant Accounting Policies - HTML 205K
Additional Information (Detail)
50: R36 Summary of Significant Accounting Policies - HTML 44K
Summary of Allowance for Expected Credit Losses on
Accounts Receivable (Detail)
51: R37 Summary of Significant Accounting Policies - HTML 49K
Summary of End-of-period Cash and Cash Equivalents
and Cash, Cash Equivalents and Restricted Cash
from Financial Statements (Detail)
52: R38 Summary of Significant Accounting Policies - HTML 37K
Additional Information1 (Detail)
53: R39 Summary of Significant Accounting Policies - HTML 43K
Summary of Stock-Based Compensation Expense
Recorded in Expense Categories (Detail)
54: R40 Summary of Significant Accounting Policies - HTML 46K
Shares Subject to Employee Stock Purchase Plan
Valuation Assumptions (Detail)
55: R41 Summary of Significant Accounting Policies - HTML 48K
Depreciation and Amortization of Property and
Equipment, Useful Life (Detail)
56: R42 Summary of Significant Accounting Policies - HTML 47K
Amortization of Intangible Assets, Estimated
Useful Life (Detail)
57: R43 Summary of Significant Accounting Policies - HTML 42K
Schedule of Basic and Diluted Weighted Average
Common Shares (Detail)
58: R44 Acquisitions - Additional Information (Detail) HTML 88K
59: R45 Acquisitions - Summary of Fair Value of Aggregate HTML 40K
Consideration Paid (Detail)
60: R46 Acquisitions - Summary of Fair Value of Aggregate HTML 41K
Consideration Paid (Parenthetical) (Detail)
61: R47 Acquisitions - Summary of Allocation of Purchase HTML 84K
Price to Fair Value of Assets Acquired and
Liabilities Assumed (Detail)
62: R48 Acquisitions - Summary of Allocation of Purchase HTML 62K
Price to Fair Value of Assets Acquired and
Liabilities Assumed (Parenthetical) (Detail)
63: R49 Acquisitions - Schedule of Unaudited Pro Forma HTML 38K
Financial Information (Detail)
64: R50 Acquisitions - Summary of Fair Value of Aggregate HTML 45K
Consideration Payable (Detail)
65: R51 Acquisitions - Summary of Fair Value of Aggregate HTML 46K
Consideration Payable (Parenthetical) (Detail)
66: R52 Goodwill and Other Intangible Assets - Summary of HTML 56K
Goodwill by Segment and Changes in Carrying Amount
of Goodwill (Detail)
67: R53 Goodwill and Other Intangible Assets - Additional HTML 40K
Information (Detail)
68: R54 Goodwill and Other Intangible Assets - Summary of HTML 51K
Intangible Assets (Detail)
69: R55 Goodwill and Other Intangible Assets - Summary of HTML 48K
Estimated Intangible Assets Amortization Expense
(Detail)
70: R56 Debt - Additional Information (Detail) HTML 84K
71: R57 Debt - Schedule of Maturities of Long-term Debt HTML 48K
(Detail)
72: R58 Debt - Summary of Company's Total Outstanding HTML 45K
Borrowings (Detail)
73: R59 Debt - Summary of Company's Total Outstanding HTML 46K
Borrowings (Parenthetical) (Detail)
74: R60 Leases - Summary of Components of Lease Expense HTML 43K
(Detail)
75: R61 Leases - Summary of Additional Lease Information HTML 42K
(Detail)
76: R62 Leases - Summary of Future Minimum Lease Payments HTML 51K
Under Non-Cancellable Leases (Detail)
77: R63 Leases - Summary of Lease Balances (Detail) HTML 42K
78: R64 Leases - Additional Information (Detail) HTML 45K
79: R65 Derivatives and Hedging - Additional Information HTML 62K
(Detail)
80: R66 Derivatives and Hedging - Schedule of Derivative HTML 38K
Contracts Amounts Recognized in Consolidated
Statement of Operations (Detail)
81: R67 Fair Value Measurements - Summary of Company's HTML 62K
Fair Value Hierarchy for its Financial Assets and
Liabilities (Detail)
82: R68 Fair Value Measurements - Summary of Changes in HTML 49K
the Fair Value of Level 3 Contingent Consideration
(Detail)
83: R69 Fair Value Measurements - Summary of Changes in HTML 34K
the Fair Value of Level 3 Contingent Consideration
(Parenthetical) (Detail)
84: R70 Income Taxes - Income Before Income Taxes (Detail) HTML 42K
85: R71 Income Taxes - Components of the Income Tax HTML 60K
Expense (Benefit) (Detail)
86: R72 Income Taxes - Reconciliation of the Federal HTML 64K
Statutory Rate (Detail)
87: R73 Income Taxes - Components of Deferred Income Taxes HTML 63K
(Detail)
88: R74 Income Taxes - Additional Information (Detail) HTML 64K
89: R75 Income Taxes - Summary of Changes in Deferred Tax HTML 43K
Valuation Allowance (Detail)
90: R76 Income Taxes - Reconciliation of Unrecognized Tax HTML 39K
Benefits (Detail)
91: R77 Stockholders' Equity - Additional Information HTML 115K
(Detail)
92: R78 Stockholders' Equity - Schedule of Restricted HTML 55K
Stock Unit Activity (Detail)
93: R79 Stockholders' Equity - Schedule of Stock Option HTML 66K
Activity (Detail)
94: R80 Stockholders' Equity - Summary of Shares Purchased HTML 37K
by Employees Under the Stock Purchase Plan
(Detail)
95: R81 Stockholders' Equity - Schedule of Components of HTML 61K
Accumulated Other Comprehensive Income (Loss)
(Detail)
96: R82 Stockholders' Equity - Schedule of Components of HTML 37K
Accumulated Other Comprehensive Income (Loss)
(Parenthetical) (Detail)
97: R83 Employee Pension Plans - Additional Information HTML 34K
(Detail)
98: R84 Non-Marketable Investments - Additional HTML 46K
Information (Detail)
99: R85 Operating Segment and Enterprise Wide Reporting - HTML 34K
Additional Information (Detail)
100: R86 Operating Segment and Enterprise Wide Reporting - HTML 85K
Schedule of Information about Reportable Segments,
Disaggregation of Revenue by Product (Detail)
101: R87 Operating Segment and Enterprise Wide Reporting - HTML 44K
Schedule of Net Long-lived Tangible Assets by
Location (Detail)
102: R88 Operating Segment and Enterprise Wide Reporting - HTML 56K
Schedule of Revenues by Geographic Destination,
Based on Location Products and Services and as a
Percentage of Total Revenues (Detail)
103: R89 Certain Balance Sheet Accounts - Summary of HTML 49K
Property and Equipment (Detail)
104: R90 Certain Balance Sheet Accounts - Additional HTML 35K
Information (Detail)
105: R91 Certain Balance Sheet Accounts - Summary of HTML 44K
Accrued Expenses and Other Current Liabilities
(Detail)
106: R92 Certain Balance Sheet Accounts - Summary of HTML 38K
Non-Current Liabilities (Detail)
107: R93 Certain Balance Sheet Accounts - Summary of HTML 44K
Allowance for Doubtful Accounts (Detail)
109: XML IDEA XML File -- Filing Summary XML 211K
14: XML XBRL Instance -- forr-10k_20201231_htm XML 5.25M
108: EXCEL IDEA Workbook of Financial Reports XLSX 149K
10: EX-101.CAL XBRL Calculations -- forr-20201231_cal XML 295K
11: EX-101.DEF XBRL Definitions -- forr-20201231_def XML 856K
12: EX-101.LAB XBRL Labels -- forr-20201231_lab XML 1.75M
13: EX-101.PRE XBRL Presentations -- forr-20201231_pre XML 1.44M
9: EX-101.SCH XBRL Schema -- forr-20201231 XSD 228K
110: JSON XBRL Instance as JSON Data -- MetaLinks 533± 852K
111: ZIP XBRL Zipped Folder -- 0001564590-21-012256-xbrl Zip 440K
EXHIBIT 10.18
FORRESTER RESEARCH, INC.
60 Acorn Park Drive
EXECUTIVE QUARTERLY CASH INCENTIVE PLAN
On March 10, 2021, the Compensation and Nominating Committee (the “Committee”) of the Board of Directors of Forrester Research, Inc. (the “Company”) approved this Executive Quarterly Cash Incentive Plan (the “Plan”).
1. Purpose of the Plan
The purpose of this Plan is to reward the executive officers of the Company for their contributions toward the achievement of certain Company financial and strategic goals and, if determined by the Committee, for their individual performance. Except where the context otherwise requires, the term “Company”, as used in this Plan, includes any of the Company’s present or future parent or subsidiary corporations or entities. The term “Plan year” will mean the calendar year. The term “Quarter” will mean the calendar quarters of the year (January 1 to March 31, April 1 to June 30, July 1 to September 30, and October 1 to December 31).
2. Administration
The Committee will administer and have final authority on all matters relating to the Plan. The Committee may interpret and construe the Plan, decide all matters arising under or in connection with the Plan, and reconcile any inconsistency in the Plan in the manner and to the extent it deems appropriate to carry into effect the Plan. The Committee may amend, suspend, revoke or terminate the Plan at any time. All payouts under the Plan are subject to the prior approval of the Committee. Decisions by the Committee will be in the Committee’s sole discretion and will be final and binding on all persons having or claiming any interest in the Plan.
3. Eligibility
Only those executive officers or other key employees of the Company that the Committee designates from time to time will be eligible to participate in the Plan. Each such designated executive officer and other employee, if any, is deemed a “Participant” in the Plan. Except as otherwise provided in this Plan, Participants must be employed by the Company on the last day of the applicable Plan year or Quarter in order to receive a bonus, if any, under this Plan in respect of such Plan year or Quarter; provided that the Committee may provide for payment of a prorated bonus under the Plan in the case of an employee who first becomes a Plan Participant during the course of a Plan year or Quarter, as applicable, or in the case of a Participant who ceases to be eligible to participate in the Plan during the course of a Plan year or Quarter, as applicable. Participants must be regularly scheduled to work at least 60% of a full-time schedule each week to receive any bonuses under this Plan.
4. Plan Overview; Target Bonus; Performance Components
Each Plan year the Committee will designate those Participants eligible to earn a target bonus amount (“Target Bonus”) under the Plan and each Participant’s Target Bonus. Actual bonus payouts will be based upon achievement of performance goals for each Quarter of the applicable Plan year (“Quarterly Performance Goals”) and, if the Committee so determines, achievement of performance goals for the applicable Plan year (“Yearly Performance Goals” and, together with the Quarterly Performance Goals, “Performance Goals”). Within a reasonable period of time after the commencement of each Plan year, the Performance Goals and the relative weightings of those goals for any Plan year will be determined by the Committee for each Participant and may vary among Participants. The Committee may adjust, remove, or add Performance Goals during the year, depending on current business needs or changes (for example, in the event of an acquisition or divestiture or a significant restructuring charge) and any changes to the Participants’ roles or responsibilities. Performance Goals may be based on Business Performance or Individual Performance, each as defined below, or a combination of the foregoing.
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4.1 |
Business Performance. Business Performance will mean one or more objectively determinable measures of performance relating to any or any combination of the following (measured either absolutely or by reference to an index or indices and determined either on a consolidated basis or, as the context permits, on a divisional, subsidiary, line of business, project or geographical basis or |
10128596v2
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in combinations thereof): bookings; sales; revenues; operating income or operating margin; assets; expenses; earnings before or after deduction for all or any portion of interest, taxes, depreciation, or amortization, whether or not on a continuing operations or an aggregate or per share basis; return on equity, investment, capital or assets; one or more operating ratios; borrowing levels, leverage ratios or credit rating; market share; capital expenditures; cash flow; stock price; stockholder return; sales of particular products or services; customer acquisition or retention; acquisitions and divestitures (in whole or in part); joint ventures and strategic alliances; spin-offs, split-ups and the like; reorganizations, recapitalizations, restructurings, financings (issuance of debt or equity) or refinancings; or strategic business criteria, consisting of one or more objectives based on meeting specified revenue, market penetration, geographic business expansion goals, cost targets, or objective goals relating to reorganizations, acquisitions or divestitures. |
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4.2 |
Individual Performance. Individual Performance will mean one or more individual performance goals for a Participant, as determined by the Committee upon recommendation by the Chief Executive Officer. |
5. Participant Scores; Bonus Payouts.
Within a reasonable period of time after the Company has reported financial results for the applicable Quarter, for Quarterly Performance Goals, and for the applicable Plan year for any Yearly Performance Goals, the Committee will review and approve, and each Participant will receive, a scored assessment of his or her performance relative to each Performance Goal, which will result in a personal score (“Personal Score”) for each Participant. Each Participant’s Personal Score will determine the percentage of the Participant’s Target Bonus, if any, payable to such Participant for the applicable Quarter or Plan year.
Bonus payouts, if any, under the Plan, will be determined and paid in a single cash lump sum following the end of the applicable Quarter or Plan year, as soon as practicable after final determination of each Participant’s Personal Score, and in any event no later than March 15th following the end of the applicable Plan year.
Nothing in the Plan shall be construed as limiting the right of the Company to grant, or for the Committee to approve, incentive awards in addition to or in lieu of a bonus granted or paid under the Plan.
6. Change in a Participant’s Employment Circumstances.
If a Participant is unable to complete any Performance Goal because (i) the Participant takes an authorized leave of absence, (ii) the Participant becomes disabled and qualifies for short-term or long-term disability benefits under the Company’s disability plans, (iii) the Participant dies during a Plan year, or (iv) there occurs any other extraordinary event beyond the reasonable control of the Participant, then the Committee may equitably adjust the Participant’s Personal Score to credit progress towards the Participant’s Performance Goals.
7. Miscellaneous
7.1 No Right to Employment or other Status. This Plan does not give, and will not be construed as giving, any Participant the right to continued employment or any other relationship with the Company. The Company expressly reserves the right at any time to dismiss or otherwise terminate its relationship with any Participant free from any liability or claim under the Plan, except as expressly provided otherwise in the Plan, and except as may be otherwise provided in any applicable written agreement between a Participant and the Company.
7.2 Non-U.S. Participants. The Company may modify the procedures set forth herein with respect to bonus payouts for Participants who are non-U.S. nationals or who are employed outside of the United States in order to comply with applicable laws and regulations.
7.3 Governing Law. This Plan will be governed by and construed in accordance with the internal laws of the Commonwealth of Massachusetts without giving effect to any choice or conflict of law provision.
7.4 Section 409A of the Code. Payments under the Plan are intended to constitute “short-term deferrals” for purposes of Section 409A of the Internal Revenue Code of 1986, as amended, and guidance issued under Section 409A of the Code, and shall be construed accordingly. Notwithstanding the above, neither the Company, nor any subsidiary, nor the Committee, nor any person acting on behalf of the Company, any
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subsidiary, or the Committee, shall be liable to any participant or to the estate or beneficiary of any participant by reason of any acceleration of income, or any additional tax, asserted by reason of the failure of a payment to satisfy the requirements of Section 409A of the Code.
7.5 Tax Withholding. All payments under the Plan shall be subject to reduction for applicable tax and other legally or contractually required withholdings.
7.6 Plan to be Unfunded, Etc. The Plan is intended to constitute an unfunded incentive compensation arrangement. Nothing contained in the Plan, and no action taken pursuant to the Plan, shall create or be construed to create a trust of any kind. A participant’s right to receive a bonus shall be no greater than the right of an unsecured general creditor of the Company. All bonuses shall be paid from the general funds of the Company, and no special or separate fund shall be established and no segregation of assets shall be made to assure payment of such bonuses. There shall not vest in any Participant or beneficiary any right, title, or interest in and to any specific assets of the Company.
7.7 Amendment and Termination. The Company may terminate the Plan at any time and may amend the Plan at any time and from time to time, with or without retroactive effect, including without limitation amendments that change the form or timing of bonus payments hereunder.
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| This ‘10-K’ Filing | Date | Other Filings | ||
|---|---|---|---|---|
 | ||||
| Filed on: | 3/11/21 | |||
| 3/10/21 | SC 13G/A | |||
| For Period end: | 12/31/20 | |||
| List all Filings | ||||
As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 3/08/24 Forrester Research, Inc. 10-K 12/31/23 108:14M Donnelley … Solutions/FA 3/10/23 Forrester Research, Inc. 10-K 12/31/22 111:19M Donnelley … Solutions/FA 3/10/22 Forrester Research, Inc. 10-K 12/31/21 113:18M Donnelley … Solutions/FA |