AutoZone 2013 Annual Report Download - page 50
Download and view the complete annual report
Please find page 50 of the 2013 AutoZone 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.-
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
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
 |
 |
Proxy
OPTION EXERCISES AND STOCK VESTED
The following table sets forth information regarding stock option exercises and vested stock awards for the
Company’s Named Executive Officers during the fiscal year ended August 31, 2013:
Option Awards Stock Awards
Name
Number
of shares
acquired
on exercise
(#)
Value
realized
on exercise
($)(1)
Number
of shares
acquired
on vesting
(#)(2)
Value
realized
on vesting
($)(3)
William C. Rhodes III ...................... 53,473 16,182,871 266 98,248
William T. Giles .......................... 15,000 4,095,065 61 22,200
Harry L. Goldsmith ........................ 90,375 23,793,594 22 7,797
William W. Graves ........................ 21,000 6,165,183 26 9,342
(1) If the shares were sold immediately upon exercise, the value realized on exercise of the option is the
difference between the actual sales price and the exercise price of the option. Otherwise, the value realized is
the difference between the closing price of AutoZone common stock on the New York Stock Exchange on
the date of exercise and the exercise price of the option.
(2) Represents shares acquired pursuant to the Executive Stock Purchase Plan. See “Compensation Discussion
and Analysis” on page 20 for more information about this plan.
(3) Based on the closing price of AutoZone common stock on the vesting date.
PENSION BENEFITS
The following table sets forth information regarding pension benefits for the Company’s Named Executive
Officers as of August 31, 2013:
Name Plan Name
Number of
Years of
Credited
Service
Present
Value of
Accumulated
Benefit
($)(1)
Payments
During Last
Fiscal Year
($)
William C. Rhodes III ........... AutoZone, Inc. Associates
Pension Plan
7 67,394 —
AutoZone, Inc. Executive
Deferred Compensation Plan
40,606 —
William T. Giles ................ N/A
Harry L. Goldsmith .............. AutoZone, Inc. Associates
Pension Plan
9 181,378 —
AutoZone, Inc. Executive
Deferred Compensation Plan
217,360 —
William W. Graves .............. AutoZone, Inc. Associates
Pension Plan
9 88,068 —
AutoZone, Inc. Executive
Deferred Compensation Plan
13,488 —
Ronald B. Griffin ............... N/A —
(1) As the plan benefits were frozen as of December 31, 2002, there is no service cost and increases in future
compensation levels no longer impact the calculations. The benefit of each participant is accrued based on a
funding formula computed by our independent actuaries, Mercer. See Note L, Pension and Savings Plans, to
our consolidated financial statements in our 2013 Annual Report for a discussion of our assumptions used in
determining the present value of the accumulated pension benefits.
40