Abercrombie & Fitch 2012 Annual Report Download - page 4

Download and view the complete annual report

Please find page 4 of the 2012 Abercrombie & Fitch annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 89

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89

Table of Contents
TABLE OF CONTENTS
Page
2012 PROXY SUMMARY 3
NOTICE OF ANNUAL MEETING OF STOCKHOLDERS 9
PROXY STATEMENT 10
GENERAL INFORMATION ABOUT THE ANNUAL MEETING AND VOTING 10
NOTICE REGARDING INTERNET AVAILABILITY OF PROXY MATERIALS 13
PROPOSAL 1 — ELECTION OF DIRECTORS 13
Majority Vote Standard in Uncontested Director Elections 14
Nominees 15
Continuing Directors 16
Certain Relationships and Related Transactions 19
Director Independence 21
Meetings of and Communications with the Board 22
Board Leadership Structure 22
Committees of the Board 24
Director Qualifications and Consideration of Director Candidates 29
Director Nominations 30
Director Resignation Policy for Major Job Change 31
Board Role in Risk Oversight 31
Compensation of Directors 33
Corporate Governance Guidelines 35
Code of Business Conduct and Ethics 36
Compensation Committee Interlocks and Insider Participation 36
Certain Legal Proceedings 36
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 37
Stock Ownership Guidelines 39
Section 16(a) Beneficial Ownership Reporting Compliance 39
PROPOSAL 2 — ADVISORY VOTE ON EXECUTIVE COMPENSATION 39
Required Vote 41
COMPENSATION DISCUSSION AND ANALYSIS 41
Executive Summary 41
Compensation Objectives 47
Elements of Compensation Program 47
Fiscal 2011 Compensation Actions 47
Role of the Compensation Committee 52
Compensation and Benefits Structure 53
REPORT OF THE COMPENSATION COMMITTEE ON EXECUTIVE COMPENSATION 55
EXECUTIVE OFFICER COMPENSATION 56
Summary Compensation Table 56
Grants of Plan-Based Awards 57
Employment Agreement with Mr. Jeffries 58
Outstanding Equity Awards 61
Stock Options and Stock Appreciation Rights Exercised and Restricted Stock Units Vested 62
Pension Benefits 62
Nonqualified Deferred Compensation 63
Potential Payments Upon Termination or Change in Control 66
EQUITY COMPENSATION PLANS 70
AUDIT COMMITTEE MATTERS 72
Report of the Audit Committee for the Fiscal Year Ended January 28, 2012 72
Pre-Approval Policy 72
Fees of Independent Registered Public Accounting Firm 73
1