Filed by the Registrant þ

Filed by a Party other than the Registrant ¨

NOTICE OF 2013 ANNUAL MEETING OF STOCKHOLDERS

You are cordially invited to attend our 2013 Annual Meeting of Stockholders, which will be held at 8:00 a.m. Pacific Standard Time on January 17, 2013 at our offices at 2750 Coast Avenue, Building 6, Mountain View, California 94043. Please note that this is a different building than in prior years. We will also offer a webcast of the annual meeting at http://investors.intuit.com.

1. To elect the nine directors nominated by the Board of Directors and named in the proxy statement to hold office until the next annual meeting of stockholders or until their respective successors have been elected and qualified;

2. To ratify the selection of Ernst & Young LLP as our independent registered public accounting firm for the fiscal year ending July 31, 2013;

Only stockholders who owned our stock at the close of business on November 23, 2012 may vote at the annual meeting, or at any adjournment or postponement of the annual meeting. For 10 days prior to the annual meeting, a list of stockholders eligible to vote at the annual meeting will be available for review during our regular business hours at our headquarters at 2700 Coast Avenue, Mountain View, California 94043. If you would like to view the stockholder list, please call Intuit Investor Relations at (650) 944-3560 to schedule an appointment.

Your vote is important. Whether or not you plan to attend the annual meeting, please cast your vote, as instructed in the Notice of Internet Availability of Proxy Materials, over the Internet or by telephone, as promptly as possible. You may also request a paper proxy card to submit your vote by mail, if you prefer. We encourage you to vote via the Internet. We believe it is convenient for our stockholders, while significantly lowering the cost of our annual meeting and conserving natural resources.

Important Notice Regarding the Availability of Proxy Materials for Annual Meeting of Stockholders to Be Held on January 17, 2013. The proxy statement is available electronically at http://investors.intuit.com/proxy.cfm and Intuit's Annual Report on Form 10-K for fiscal year ended July 31, 2012 is available electronically at http://investors.intuit.com/annuals.cfm.

November 27, 2012

PROXY STATEMENT 2013 ANNUAL MEETING OF STOCKHOLDERS

2013 PROXY SUMMARY

As a matter of good corporate governance, we are asking stockholders to ratify the selection of Ernst & Young LLP as our independent registered public accounting firm for the fiscal year ending July 31, 2013.

For the third year, our stockholders have the opportunity to cast a non-binding, advisory vote to approve our executive compensation program. Last year, stockholders supported the policies, practices and philosophy of our compensation program, with 93% of votes cast in favor of the proposal. In evaluating this year's “say on pay” proposal, we recommend that you review our “Compensation Discussion and Analysis,” which explains how and why the Compensation and Organizational Development Committee of our Board arrived at its compensation actions and decisions for fiscal year 2012, along with our “Summary Compensation Table” and the related compensation tables, notes and narrative in this proxy statement. The Board recommends a FOR vote because the Board believes that our compensation programs' policies and procedures are effective in implementing our compensation philosophy and in achieving its goals.

Fiscal 2012 Compensation Decisions

Intuit delivered strong financial results in fiscal 2012, achieving revenue growth of 10%, non-GAAP operating income growth of 10% and non-GAAP earnings per share (“EPS”) growth of 16%. Appendix A to this proxy statement includes a reconciliation of non-GAAP operating income and non-GAAP EPS to the most directly comparable financial measures prepared in accordance with Generally Accepted Accounting Principles (“GAAP”). Intuit and its management delivered these strong results in an environment of continued economic uncertainty and a sluggish recovery of the U.S. economy. Over the past one-year and three-year periods, these revenue and operating income results have placed Intuit between the median and 75^th percentile of its compensation peer group (discussed in the “Compensation Discussion and Analysis” of the proxy statement). Intuit continued to demonstrate excellent execution against its three-point strategy of building growth in its core businesses, building adjacent businesses and entering new geographies, and accelerating the transition to connected services.

Fiscal 2012 Compensation Summary

Set forth below is the fiscal year 2012 compensation for each named executive officer as determined under the Securities and Exchange Commission rules. See the “Compensation Discussion and Analysis” and “Executive Compensation” sections of the proxy statement for a full explanation of each named executive officers' compensation.

2014 Annual Meeting

2013 ANNUAL MEETING OF STOCKHOLDERS

Intuit Inc.’s (“Intuit” or the “Company”) Board of Directors (the “Board”) is asking for your proxy for use at the Intuit Inc. 2013 Annual Meeting of Stockholders (the “Meeting”) and at any adjournment or postponement of the Meeting for the purposes set forth in the accompanying Notice of 2013 Annual Meeting of Stockholders. We are holding the Meeting on Thursday, January 17, 2013 at 8:00 a.m. Pacific Standard Time at our offices at 2750 Coast Avenue, Building 6, Mountain View, California 94043. We have first released this proxy statement to Intuit stockholders beginning on November 27, 2012.

If you are not able to attend the meeting in person, you may join a live webcast of the Meeting on the Internet by visiting http://investors.intuit.com on Thursday, January 17, 2013 at 8:00 a.m. Pacific Standard Time.

We are pleased to continue to furnish proxy materials to our stockholders on the Internet, rather than mailing printed copies of those materials to each stockholder. If you received a Notice of Internet Availability of Proxy Materials (“Notice of Internet Availability”) by mail, you will not receive a printed copy of the proxy materials unless you request one. Instead, the Notice of Internet Availability will instruct you as to how you may access and review the proxy materials and cast your vote on the Internet. If you received a Notice of Internet Availability by mail and would like to receive a printed copy of our proxy materials, please follow the instructions included in the Notice of Internet Availability. We encourage stockholders to take advantage of the availability of the proxy materials on the Internet to help reduce the environmental impact of the Meeting. We anticipate that the Notice of Internet Availability will be mailed to stockholders on or about November 27, 2012.

Only holders of record of Intuit common stock at the close of business on November 23, 2012 (called the “Record Date”) will be entitled to vote at the Meeting. On the Record Date, we had approximately 296,143,092 shares of common stock outstanding and entitled to vote. We need a quorum to take action at the Meeting. We will have a quorum if a majority of the shares outstanding and entitled to vote on the Record Date are present at the Meeting, either in person or by proxy.

Stockholder of Record (Record Holder).  If your shares are registered directly in your name with the Company’s transfer agent, American Stock Transfer & Trust Company (“AST”), you are considered the stockholder of record with respect to those shares, and the Notice of Internet Availability was sent directly to you by Intuit. If you request printed copies of the proxy materials by mail, you will also receive a proxy card.

Beneficial Owner of Shares Held in Street Name.  If your shares are held in an account at a brokerage firm, bank, broker-dealer, or other similar organization, then you are the beneficial owner of shares held in “street name,” and the Notice of Internet Availability was forwarded to you by that organization. The organization holding your account is considered the stockholder of record for purposes of voting at the Meeting. As a beneficial owner, you have the right to instruct that organization on how to vote the shares held in your account. If you do not provide the organization that holds your shares with specific voting instructions, under the rules of various national and regional securities exchanges, the organization that holds your shares may generally vote on routine matters but cannot vote on non-routine matters. Only Proposal 2 (ratifying the appointment of our independent registered public accounting firm) is considered a routine matter. Proposals 1 (election of directors), 3 (advisory vote to approve executive compensation) and 4 (approval of the material terms of the performance goals under the Intuit Inc. Senior Executive Incentive Plan) are not considered routine matters, and without your instruction, your broker cannot vote your shares. If the organization that holds your shares does not receive instructions from you on how to vote your shares on a non-routine matter, the organization will inform the inspector of election that it does not have the authority to vote on this matter with respect to your shares. This is generally referred to as a “broker non-vote.”

We encourage you to register your vote via the Internet.  If you attend the Meeting, you may also submit your vote in person, and any votes that you previously submitted — whether via the Internet, by phone or by mail — will be superseded by the vote that you cast at the Meeting. If you properly submit your proxy, via the Internet, by phone or by mail, and do not revoke it prior to the Meeting, your shares will be voted in the manner described in this proxy statement or as you may otherwise direct.

Each share of our common stock outstanding on the Record Date is entitled to one vote on each of the nine director nominees and one vote on each other matter. To be elected, directors must receive a majority of the votes cast (the number of shares voted “for” a director nominee must exceed the number of votes cast “against” that nominee). Each director who is standing for election at the Meeting has tendered a contingent, irrevocable resignation from the Board that will become effective only if the director fails to receive the required majority vote. In that event, the Nominating and Governance Committee of the Board will make a recommendation to the Board whether to accept or reject the resignation, or whether some other action should be taken. The Board will act on the recommendation of the Nominating and Governance Committee and publicly disclose its decision and the rationale behind it within 90 days after the date of the certification of the election results. Approval of each of the other proposals on the agenda requires the affirmative vote of the majority of the shares of common stock entitled to vote on the proposal that are present in person or represented by proxy at the Meeting and are voted “for” or “against” the proposal.

The Notice of 2013 Annual Meeting of Stockholders, this proxy statement and our Annual Report on Form 10-K for the fiscal year ended July 31, 2012 have been made available to all stockholders entitled to vote at the Meeting and who received the Notice of Internet Availability. The Annual Report on Form 10-K can also be viewed at http://investors.intuit.com/annuals.cfm.

Paper copies of our Annual Report on Form 10-K (excluding exhibits) for the fiscal year ended July 31, 2012 may be obtained without charge by writing to Investor Relations, Intuit Inc., P.O. Box 7850, Mail Stop 2700, Mountain View, California, 94039-7850, or by calling (650) 944-3560.

Our Board currently consists of nine directors, all of whom are standing for election. The nominees for election include six independent directors, as defined in the applicable rules for companies traded on the NASDAQ Global Select Market (NASDAQ) and three directors who are employees of Intuit. Stockholders elect all directors annually. The authorized number of directors is currently nine.

Ms. Nora Johnson has been an Intuit director since 2007 and is a member of the Audit and Risk Committee and chairs the Acquisition Committee. Ms. Nora Johnson joined The Goldman Sachs Group in 1985 and held several management positions throughout her tenure, which concluded with her retirement in January 2007, including: Vice Chairman, Chairman of the Global Markets Institute, and Head of the Global Investments Research Division. Ms. Nora Johnson has been a member of the board of directors of: American International Group, Inc. since 2008; Pfizer Inc. since 2007; and VISA Inc. since 2007. Ms. Nora Johnson's significant non-profit board affiliations include, among others, the American Red Cross and the University of Southern California. Ms. Nora Johnson earned a Bachelor's degree from the University of Southern California and a Juris Doctor from Harvard Law School. The Board believes that Ms. Nora Johnson should be re-elected to the Board because she

We maintain a corporate governance page on our company website that contains key information about corporate governance matters. This information includes copies of our Corporate Governance Principles, Political Accountability Policy, Code of Conduct & Ethics for all employees, including our Company’s senior executive and financial officers, our Operating Values, and the charter for each Board committee. The link to this corporate governance page can be found at http://investors.intuit.com/governance.cfm, and the Corporate Governance Principles can be found at http://investors.intuit.com/directors.cfm.

The Board and its committees meet throughout the year on a set schedule, and also hold special meetings and act by written consent from time to time as appropriate. The Board held four meetings during fiscal 2012. The independent directors also spend a portion of every meeting in executive session, and they designate an independent director to serve as presiding director to chair these sessions. During fiscal 2012, Chris Brody, the Nominating and Governance Committee chair, served as the presiding director of all executive sessions. In addition, the presiding director may advise the Chairman of the Board with respect to agendas and information to be provided to the Board and may perform such other duties as the Board may from time to time request to assist it in fulfilling its responsibilities. The Board has delegated certain responsibilities and authority to the committees described below. Committees report regularly on their activities and actions to the full Board.

•Our overall compensation levels are competitive with the market.

•Our compensation programs provide an effective balance in (1) cash and equity mix, (2) annual incentives that are based in part on company-wide performance metrics that align with the Company's business plans and strategic objectives and in part on a qualitative evaluation of business unit and individual performance to mitigate any tendency for focus exclusively on the specific financial metrics under the plan, and (3) long-term incentives provided through a combination of stock options (generally vesting over three years with terms of seven years), time-based restricted stock units (“RSUs”) (generally vesting over three years), performance-based RSUs with vesting based on three-year operating income and revenue growth, and performance-based RSUs with vesting based on three-year relative total shareholder return.

•The Company has adopted stock ownership guidelines for executive officers at the senior vice president level and above as well as non-employee directors. In January 2012, these guidelines were fixed at specified multiples of the salaries of our Named Executive Officers and retainers of our Board members.

•The Company has an insider trading policy that prohibits officers from pledging shares, trading put or call options, short sales and hedging transactions involving the Company's securities.

•The Company has implemented “clawback” provisions for performance-based equity awards.

In assessing director independence under NASDAQ rules, the Nominating and Governance Committee and the full Board review relevant transactions, relationships and arrangements that may affect the independence of our Board members. Each of Mr. Powell, Mr. Kangas, Ms. Nora Johnson, Ms. Green and Mr. Weiner is or was during fiscal 2012 a director of companies with which Intuit conducts business in the ordinary course. Consistent with NASDAQ independence standards, Intuit did not make payments to, or receive payments from, any of these companies for property or services in the current or any of the last three fiscal years that exceed 5% of Intuit’s or any of the other parties’ consolidated gross revenues. Following review of these transactions, the Board determined that each of these directors was independent under NASDAQ rules.

During fiscal 2012, all directors attended at least 75% of the aggregate number of meetings of the Board and the committees on which he or she served. All of our current directors other than Scott Cook and Jeff Weiner, who was not a member of our Board at that time, attended the last Annual Meeting of Stockholders, held in January 2012. Under the Corporate Governance Principles, all directors are encouraged to attend the annual meetings of Intuit’s stockholders.

reviews its charter and makes recommendations to our Board for revision of its charter to reflect evolving best practices. Copies of each charter can be found on our website at http://investors.intuit.com/charters.cfm. Current committee members are identified in the following table.

In fiscal 2012, the Acquisition Committee held four meetings.

In fiscal 2012, the Audit and Risk Committee held 12 meetings. The Audit and Risk Committee held closed sessions with our independent auditors, Ernst & Young LLP, present in 12 of these meetings. The responsibilities and activities of the Audit and Risk Committee are described in greater detail in “Audit and Risk Committee Report” beginning on page 57.

Each member of this committee is independent under NASDAQ listing standards and is a “Non-Employee Director,” as defined in Rule 16(b)-3 under the Securities Exchange Act of 1934, as amended. The Compensation Committee met seven times in fiscal 2012. The Compensation Committee held a portion of each meeting in closed session, with only the Compensation Committee members and, on certain occasions, William Campbell, the Chairman of the Board, present. For more information on the responsibilities and activities of the Compensation Committee, including the committee’s processes

The Nominating and Governance Committee reviews and makes recommendations to the Board regarding Board composition and appropriate governance standards. Our Board has determined that each member of the Nominating and Governance Committee is independent, as defined under applicable NASDAQ listing standards. The Nominating and Governance Committee held four meetings in fiscal 2012.

None of Messrs. Batchelder, Hallman, Kangas, Brody or Weiner, each of whom served on the Compensation Committee during fiscal year 2012, has at any time been one of our executive officers or employees. No executive officer of Intuit during fiscal 2012 served, or currently serves, as a member of the board of directors or compensation committee of any entity that has one or more executive officers serving on Intuit’s Board or Intuit’s Compensation Committee.

Our director compensation programs are designed to provide an appropriate incentive to attract and retain qualified non-employee board members. The Compensation Committee is responsible for reviewing the equity and cash compensation for directors on an annual basis and making recommendations to the Board, in the event the Compensation Committee determines changes are needed. On October 19, 2011, the Board approved a new compensation program for our non-employee directors and Chairman of the Board, as discussed under “Annual Retainer and Equity Compensation Program for Non-Employee Directors (after January 19, 2012)” beginning on page 20. The following table summarizes the fiscal 2012 compensation earned by each member of the Board other than Mr. Smith, whose compensation is described under “Executive Compensation” beginning on page 42.

Equity Grants to Directors During Fiscal Year 2012

The following table shows each RSU grant made to each of our directors, other than Mr. Smith, during fiscal 2012, including the grant date, number of shares, and grant date fair value. Neither David H. Batchelder nor Michael R. Hallman, who each served as directors until the date of the January 2012 Annual Meeting of Stockholders, received any equity grants during fiscal 2012.

Outstanding Equity Awards for Directors at Fiscal Year-End 2012 (Exercisable and Unexercisable)

The following table provides information on the outstanding equity awards held by our directors, other than Mr. Smith, as of July 31, 2012.

(1) Includes 2,807 vested RSUs for which Mr. Brody has elected to defer settlement.

(2) Includes 4,291 vested RSUs for which Ms. Greene has elected to defer settlement.

(3) Includes 5,269 vested RSUs for which Mr. Kangas has elected to defer settlement.

(4) Includes 258 vested RSUs for which Mr. Weiner has elected to defer settlement.

In fiscal 2011, the Board approved an amended director equity compensation program, which was effective for grants to non-employee directors and the Chairman of the Board made from January 19, 2011 until the time of the 2012 Annual Meeting on January 19, 2012. These awards were made in the form of a fixed dollar value of RSUs in the following amounts: new Board members ($250,000 on date of joining Board), continuing Board members ($175,000 annually), Committee members ($57,500 annually), and Board-designated Committee chairs ($17,500 annually). The Chairman of the Board received the Continuing Board member annual grant and an additional RSU grant with a fixed dollar value of $115,000.

In October 2011, based on information presented by the Company's compensation consultant, FW Cook, which included a review of best practices and benchmarking the Company's prior compensation program for non-employee directors against the programs of its compensation peers, the Board approved a new compensation program for our non-employee directors and the Chairman of the Board, which became effective on January 19, 2012, the date of the 2012 Annual Meeting of Stockholders. Non-employee directors are paid annual cash retainers for Board membership, plus additional cash retainers for their committee service in the amounts indicated in the following table:

As part of the new compensation program approved in October 2011, the Board also approved a new director equity compensation program, which became effective on January 19, 2012. Grants are made to non-employee directors and the Chairman of the Board in the form of a fixed dollar value of RSUs in the following amounts:

Each director is required to hold shares of Intuit common stock with an aggregate value of five times the amount of the annual Board member retainer, which value will be measured as of July 31st of each year. Unvested RSUs and deferred RSUs held by a Board member are counted as shares when determining the number of shares owned. Directors must comply with the new guidelines within five years after the date the director joins the Board, or July 2016, whichever is later. If any director does not meet the stock ownership requirement within the designated time frame, 50% of his or her annual cash retainers will be made in the form of Intuit stock until compliance is achieved. As of October 31, 2012, each of the current directors is in compliance with this stock ownership requirement. The current director stock ownership requirements are described in the “Compensation Discussion and Analysis” of this proxy statement starting on page 25.

The Nominating and Governance Committee is responsible for receiving stockholder communications on behalf of the Board. Any stockholder may send communications by mail to the Board or individual directors c/o Corporate Secretary, Intuit Inc., P.O. Box 7850, Mail Stop 2700, Mountain View, California 94039-7850 or via our website at http://investors.intuit.com/contactBoard.cfm. The Board has instructed the Corporate Secretary to review this correspondence and determine, in his or her discretion, whether matters submitted are appropriate for Board consideration. The Corporate Secretary may also forward certain communications elsewhere in the Company for review and possible response. In particular, communications such as product or commercial inquiries or complaints, job inquiries, surveys and business solicitations or advertisements or patently offensive or otherwise inappropriate material will not be forwarded to the Board.

As discussed above, our Nominating and Governance Committee will consider director candidates recommended by a stockholder. A stockholder seeking to recommend a candidate for the committee’s consideration should submit the candidate’s name and qualifications to: Nominating and Governance Committee, c/o Corporate Secretary, Intuit Inc., P.O. Box 7850, Mail Stop 2700, Mountain View, California 94039-7850 or via our website at http://investors.intuit.com/contactBoard.cfm. You may find a copy of a document entitled “Process of Identifying and Evaluating Nominees for Director” on our website http://investors.intuit.com/charters.cfm.

Stockholder Proposals and Nominations for the 2014 Annual Meeting of Stockholders

Any stockholder who intends to present a proposal for inclusion in Intuit’s 2014 proxy statement and form of proxy must submit the proposal, in writing, so that the Corporate Secretary receives it at our principal executive offices by July 30, 2013. Any stockholder who wishes to bring a proposal or nominate a person for election to the Board at the 2014 Annual Meeting of Stockholders that is not intended for inclusion in the Intuit’s 2014 proxy statement must provide written notice of the proposal or nomination to Intuit’s Corporate Secretary, at our principal executive offices, between October 4, 2013 and November 3, 2013. In addition, our stockholders must comply with the procedural requirements in our bylaws, which stockholders can obtain from us upon request. Our bylaws are also on file with the SEC.

The following table shows shares of Intuit’s common stock that we believe are owned as of October 31, 2012 by:

We calculated the “Percent of Class” based on 296,283,251 shares of common stock outstanding on October 31, 2012. In accordance with SEC regulations, we also include (1) shares subject to options that are currently exercisable or will become exercisable within 60 days of October 31, 2012, and (2) shares issuable upon settlement of RSUs that are vested but unreleased, or will become vested within 60 days of October 31, 2012. Those shares are deemed to be outstanding and beneficially owned by the person holding such option or RSU for the purpose of computing the percentage ownership of that person, but they are not treated as outstanding for the purpose of computing the percentage ownership of any other person.

Section 16(a) of the Securities Exchange Act of 1934, as amended, requires Intuit’s directors and executive officers, and greater-than-10% stockholders to file forms with the SEC to report their ownership of Intuit shares and any changes in ownership. Anyone required to file forms with the SEC must also send copies of the forms to Intuit. We have reviewed all forms provided to us. Based on that review and on written information given to us by our executive officers and directors, we believe that all Section 16(a) filing requirements were met during fiscal 2012.

The following table sets forth certain information, as of July 31, 2012, concerning securities authorized for issuance under all of Intuit’s equity compensation plans.

Set out below is the Compensation Discussion and Analysis, which is a discussion of Intuit’s executive compensation programs and policies written from the perspective of how we and management view and use such policies and programs. We strive to see that Intuit’s compensation programs are fiscally responsible, market responsive and performance based. Guided by these principles, we regularly review and monitor senior management’s compensation, as well as their potential for larger leadership roles, to produce the greatest value for Intuit’s three stakeholders — employees, customers and stockholders. To this end, the Compensation and Organizational Development Committee has reviewed the components of compensation paid to each of Intuit’s officers for fiscal 2012, including annual base salary, target incentive bonus and equity compensation.

The Compensation and Organizational Development Committee (the “Compensation Committee”) oversees Intuit’s compensation plans and policies, approves compensation of our executive officers and administers our stock compensation plans. This Compensation Discussion and Analysis (“CD&A”) contains a discussion and analysis of compensation approved by the Compensation Committee and paid for fiscal 2012 to the executive officers named below (the “Named Executive Officers”) and included in the “Summary Compensation Table” on page 42:

In fiscal 2012, Intuit delivered strong financial results, achieving revenue growth of 10%, non-GAAP operating income growth of 10% and non-GAAP EPS growth of 16%. Appendix A to this proxy statement includes a reconciliation of non-GAAP operating income and non-GAAP EPS to the most comparable GAAP financial measures. Intuit and its management delivered these strong results in an environment of continued economic uncertainty and a sluggish recovery of the U.S. economy. Over the past one-year and three-year periods, these revenue and operating income results have placed Intuit's operating performance between the median and 75^th percentile of its compensation peer group, and Intuit's annualized TSR has also been between the median and 75^th percentile of its compensation peer group.

•compensate our executives based on both overall Company performance and individual employee performance;

•help achieve our corporate growth strategy;

•acquire, retain and motivate talented executives with proven experience; and

•have a greater portion of Named Executive Officer pay tied to short- and long-term incentive programs than most other Intuit employees, because they lead our key business units or functions and thus have the ability to directly influence overall company performance.

Intuit provides base salaries to all of its employees, including the Named Executive Officers, to provide them the security of a fixed cash payment for services rendered. In July 2012, the Compensation Committee reviewed the base salaries of our Named Executive Officers in the context of the compensation information provided by FW Cook, the Compensation Committee’s independent compensation consultant, to determine whether the base salaries of any of our Named Executive Officers should be increased to remain competitive with our compensation peer group and to ensure those salaries reflect each executive's roles and responsibilities, as further described under “Use of Competitive Data” on page 38.

Mr. Smith's Salary.  In July 2011, the Compensation Committee set Mr. Smith's salary for fiscal 2012 at $975,000, an increase of 2.6% over the prior year. The Compensation Committee felt this increase was appropriate in light of Mr. Smith's outstanding performance, his experience in the role and the analysis of FW Cook regarding the salaries of CEOs in Intuit's peer group. During fiscal year 2012, his target bonus was 130% of salary. Combined with salary, this compensation placed him at the median of other compensation peer group CEOs at the time it was set. In July 2012, the Compensation Committee decided to increase Mr. Smith's base salary by 2.6% to $1,000,000 for fiscal year 2013, in light of Mr. Smith's continued outstanding

Mr. Williams' Salary.  For fiscal 2012, Mr. Williams' salary was $675,000, an increase of 8% over fiscal 2011, in recognition of Mr. Williams' outstanding performance, the scope and complexity of his role, his strategic leadership of Intuit's Corporate Strategy and Development function and the analysis of FW Cook regarding the increase in salaries of CFOs in Intuit's compensation peer group. In July 2012, the Compensation Committee decided to increase Mr. Williams' base salary for fiscal year 2013 by 3.7% to $700,000. This increase was based on the CEO's evaluation of Mr. Williams' outstanding performance, including driving of discipline and rigor around capital allocation and his portfolio and expense management through strategic acquisitions and divestitures.

Mr. Patel's Salary.   For fiscal 2012, Mr. Patel's salary was $700,000, based upon his role as the leader of the Company's largest business unit. His salary had not been adjusted since 2007. In July 2012, the Compensation Committee decided to increase Mr. Patel's base salary for fiscal year 2013 by 14.3% to $800,000. This increase was based on the CEO's evaluation of Mr. Patel's outstanding performance, including sustained delivery of outstanding results in the Small Business Group, his focus on the Company's strategic growth opportunities, as well as in recognition of his extensive experience and the importance of his role in leading his business unit to achieve its strategic objectives during fiscal year 2013. The Compensation Committee also considered the analysis of FW Cook regarding salaries of general managers of peer companies' business units.

Ms. Fennell's Salary.  For fiscal 2012, Ms. Fennell's salary was $505,000, an increase of 6% over her fiscal 2011 salary, based on the CEO's evaluation of her outstanding performance, the Compensation Committee's recognition of her success in leading Intuit's Security, Compliance and Risk functions in addition to her General Counsel responsibilities, her leadership of critical Company-wide business priorities and the analysis of FW Cook regarding the increase in salaries of General Counsels in Intuit's peer group. In July 2012, the Compensation Committee decided to increase Ms. Fennell's base salary for fiscal year 2013 by 5.9% to $535,000. This increase was based on the CEO's evaluation of Ms. Fennell's outstanding performance, the scope of her role and the further expansion of her role in fiscal year 2013 to include leadership of Intuit's data services group. The Committee also increased her fiscal 2013 target bonus to 65% of salary for better alignment with the market and internal parity.

Mr. Maurer's Salary.  For fiscal 2012, Mr. Maurer's salary was $585,000, an increase of 14% over his fiscal 2011 salary, based on the CEO's evaluation of Mr. Maurer's outstanding performance, the analysis from FW Cook regarding salaries of general managers of peer companies' business units and the excellent results of the Consumer Tax business under his leadership. In July 2012, the Compensation Committee decided to increase Mr. Maurer's base salary for fiscal year 2013 by 6.0% to $620,000. This increase was based on the CEO's evaluation of Mr. Maurer's strong performance, the continued strong performance of the Consumer Tax business, and in recognition of his strategic leadership of the Consumer Tax business in a dynamic and challenging environment.

Cash bonuses for our Named Executive Officers were paid out under the Senior Executive Incentive Plan (“SEIP”), a stockholder-approved plan designed to qualify as performance-based compensation under Section 162(m) of the Internal Revenue Code. This year, we are asking our stockholders to re-approve the material terms of the performance goals under the SEIP, in order to allow bonuses paid under the SEIP to continue to qualify as fully tax-deductible “performance-based compensation” under Section 162(m) of the Internal Revenue Code. Please see Proposal 4, beginning on page 61, for additional information. Each year, the Compensation Committee sets a Company performance target which must be achieved in order for participants to receive a cash bonus under the SEIP. In the first quarter of fiscal 2012, the Compensation Committee established a Company GAAP operating income target of $600 million as the minimum performance hurdle for any Named Executive Officer to be eligible for a cash bonus under the SEIP and set the maximum payout to each participant in the SEIP at 250% of his or her target award. At the close of fiscal 2012, the Compensation Committee certified that Intuit had exceeded the operating income threshold and thus each participant in the SEIP was eligible to receive a cash bonus under that plan. Achievement of the $600 million SEIP hurdle makes a Named Executive Officer eligible to earn an award, but does not entitle him or her to an SEIP award.

The Company component of the cash bonus for the Named Executive Officers is based on both Intuit’s revenue growth and non-GAAP operating income growth for fiscal 2012. Both measures are weighted equally because the Company believes that annual profitable growth sustained over time translates into durable value creation for shareholders, and that neither revenue growth nor operating income growth is more important than the other measure.

To determine the component of each Named Executive Officer's bonus based on overall Company performance, the Compensation Committee adopted the matrix set forth below, which creates a baseline for the Company Performance Component bonus payments based on Intuit's achievement of revenue growth and non-GAAP operating income growth targets for fiscal 2012. Under the SEIP, the Compensation Committee has discretion to adjust the baseline actual Company Performance Component of the bonus up or down by 25 percentage points. In exercising its discretion, the Compensation Committee takes into account qualitative factors that measure management's success in building a stronger foundation for the future by improving outcomes for shareholders, employees and customers, while taking into account macro-economic conditions and the Company's performance relative to its peers.

⁽¹⁾ This represents a baseline for the Company Performance Component of the annual cash bonus. The Compensation Committee has discretion to adjust the actual Company Performance Component up or down by 25 percentage points. As discussed below, the Committee used its discretion to fund the Company Performance Component at 93% of target.

⁽²⁾ In July 2012, which was the last month of our fiscal 2012, Intuit entered into an agreement to sell its Intuit Websites business, and the transaction closed in fiscal 2013 on September 17, 2012. The Compensation Committee's decisions regarding compensation of our Named Executive Officers were made prior to the sale of the Intuit Websites business, and the Committee believes it is appropriate to include Intuit Websites in its measurement of the Company's performance for fiscal year 2012, as the agreement to sell was not entered into until the end of the fiscal year. The Committee believes this approach is appropriate as the intent of the bonus program is to reward operating performance, and the Company operated Intuit Websites for the entirety of fiscal 2012. This measure of Company performance upon which the Committee based its fiscal year 2012 bonus decisions is reflected in this row, and it varies from that reported in our fiscal year 2012 financial statements due primarily to the reclassification of Intuit Websites as discontinued operations for accounting purposes.