AutoZone 2013 Annual Report Download - page 52

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Proxy
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 31, 2013.
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 547,108 82,640 867,733 — 5,640,793
Compensation Plan
William T. Giles ........ Executive Deferred 63,603 30,066 39,665 — 377,219
Compensation Plan
Harry L. Goldsmith ...... Executive Deferred 43,660 23,655 39,876 (85,531) 374,365
Compensation Plan
William W. Graves ...... Executive Deferred 134,750 15,449 26,994 (19,261) 489,236
Compensation Plan
Ronald B. Griffin ........ Executive Deferred — — — — —
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 Compensation
Table.
(3) Represents the difference between the aggregate balance at end of fiscal 2013 and the end of fiscal 2012,
excluding (i) contributions made by the executive officer and the Company during fiscal 2013 and (ii) any
withdrawals or distributions during fiscal 2013. 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 31, 2013, there
were 42 such officers of the Company. The EDCP is a nonqualified plan that allows officers 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.
42