AutoZone 2010 Annual Report Download - page 58

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NONQUALIFIED DEFERRED COMPENSATION
The following table sets forth information regarding nonqualified deferred compensation for the
Company’s Named Executive Officers as of and for the year ended August 28, 2010.
Name Plan
Executive
Contributions
in Last FY
($)(1)
Registrant
Contributions in
Last FY
($)(2)
Aggregate
Earnings in
Last FY
($)(3)
Aggregate
Withdrawals /
Distributions
($)
Aggregate
Balance at
Last FYE
($)
William C. Rhodes III . . . Executive Deferred 370,344 62,522 107,702 — 2,013,934
Compensation Plan
William T. Giles . . . .... Executive Deferred 25,325 23,481 6,286 — 183,747
Compensation Plan
James A. Shea ......... Executive Deferred 189,190 21,775 22,300 — 951,217
Compensation Plan
Harry L. Goldsmith . .... Executive Deferred 35,508 18,267 19,474 (49,126) 271,858
Compensation Plan
Larry M. Roesel . . . .... Executive Deferred 97,430 17,011 15,519 — 193,382
Compensation Plan
(1) Represents contributions by the Named Executive Officers under the AutoZone, Inc. Executive Deferred
Compensation Plan (the “EDCP”). Such contributions are included under the appropriate “Salary” and
“Non-Equity Incentive Plan Compensation” columns for the Named Executive Officers in the Summary
Compensation Table.
(2) Represents matching contributions by the Company under the EDCP. Such contributions are included
under the “All Other Compensation” column for the Named Executive Officers in the Summary Compen-
sation Table.
(3) Represents the difference between the aggregate balance at end of fiscal 2010 and the end of fiscal 2009,
excluding (i) contributions made by the executive officer and the Company during fiscal 2010 and (ii) any
withdrawals or distributions during fiscal 2010. None of the earnings in this column were included in the
Summary Compensation Table because they were not preferential or above market.
Officers of the Company with the title of vice president or higher based in the United States are eligible
to participate in the EDCP after their first year of employment with the Company. As of August 28, 2010,
there were 43 such officers of the Company. The EDCP is a nonqualified plan that allows officers who
participate in AutoZone’s 401(k) plan to make a pretax deferral of base salary and bonus compensation.
Officers may defer up to 25% of base salary and bonus, minus deferrals under the 401(k) plan. The Company
matches 100% of the first 3% of deferred compensation and 50% of the next 2% deferred. Participants may
select among various mutual funds in which to invest their deferral accounts. Participants may elect to receive
distribution of their deferral accounts at retirement or starting in a specific future year of choice before or after
anticipated retirement (but not later than the year in which the participant reaches age 75). If a participant’s
employment with AutoZone terminates other than by retirement or death, the account balance will be paid in a
lump sum payment six months after termination of employment. There are provisions in the EDCP for
withdrawal of all or part of the deferral account balance in the event of an extreme and unforeseen financial
hardship.
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