AutoZone 2010 Annual Report Download - page 34

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and not previously included in gross income. If a deferred amount is required to be included in income under
Section 409A, the amount will be subject to income tax at regular income tax rates plus an additional
20 percent tax, as well as potential premium interest tax.
New Plan Benefits
Future benefits or amounts under the Plan are not currently determinable with respect to employees. The
following table sets forth the benefits or amounts that would have been received by or allocated to each of the
following non-employee directors for the fiscal year ending August 28, 2010, had the Plan and Program been
in effect on such date.
2011 Equity Incentive Award Plan
Name and Position Dollar Value ($) Number of Units
William C. Rhodes, III ................................. 0 0
Chairman, President and Chief Financial Officer
William T. Giles ..................................... 0 0
Executive Vice President, IT, Store
Development, Chief Financial Officer
Harry L. Goldsmith ................................... 0 0
Executive Vice President, General Counsel and Secretary
James A. Shea ....................................... 0 0
Executive Vice President, Merchandising, Marketing & Supply
Chain
Larry M. Roesel ...................................... 0 0
Senior Vice President, Commercial
Executive Group ...................................... 0 0
Non-Executive Director Group ........................... $1,865,000 10,610
Non-Executive Officer Employee Group .................... 0 0
PROPOSAL 3 — Ratification of Independent Registered Public Accounting Firm
Ernst & Young LLP, our independent auditor for the past twenty-three fiscal years, has been selected by
the Audit Committee to be AutoZone’s independent registered public accounting firm for the 2011 fiscal year.
Representatives of Ernst & Young LLP will be present at the Annual Meeting to make a statement if they so
desire and to answer any appropriate questions.
The Audit Committee recommends that you vote FOR ratification of Ernst & Young LLP as
AutoZone’s independent registered public accounting firm.
For ratification, the firm must receive more votes in favor of ratification than votes cast against. Abstentions
and broker non-votes will not be counted as voting either for or against the firm. However, the Audit Committee
is not bound by a vote either for or against the firm. The Audit Committee will consider a vote against the firm
by the stockholders in selecting our independent registered public accounting firm in the future.
During the past two fiscal years, the aggregate fees for professional services rendered by Ernst & Young
LLP were as follows:
2010 2009
Audit Fees............................................... $1,477,000 $1,573,811
Audit-Related Fees ........................................ — —
Tax Fees ................................................ 110,750(1) 84,793(2)
(1) Tax fees for 2010 were for state and local tax services.
(2) Tax fees for 2009 were for advice relating to the Company’s debt structure.
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