Bed, Bath and Beyond 2007 Annual Report Download - page 39

BED BATH& BEYOND PROXY STATEMENT
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Who pays for this proxy solicitation?
The Company will pay the expenses of soliciting proxies. In addition to solicitation by mail, proxies may be solicited in person
or by telephone or other means by directors or employees of the Company. The Company has engaged D.F. King & Co., Inc., for a
fee to be determined, to assist in the solicitation of proxies. The Company will reimburse brokerage firms and other nominees,
custodians and fiduciaries for costs incurred by them in mailing proxy materials to the beneficial owners of shares held of record
by such persons.
Whom should I call with other questions?
If you have additional questions about this proxy statement or the Annual Meeting or would like additional copies of this
document or our 2007 Annual Report on Form 10-K, please contact: Bed Bath & Beyond Inc., 650 Liberty Avenue, Union, NJ 07083,
Attention: Investor Relations Dept., Telephone: [phone].
ELECTION OF DIRECTORS (PROPOSAL 1)
How is the Board of Directors structured and who has been nominated?
The Board of Directors was previously divided into three classes, each with a staggered three year term of office and the classes
as nearly equal in number of directors as possible. At our 2006 Annual Meeting of Shareholders, our shareholders approved an
amendment to our Restated Certificate of Incorporation to eliminate the classification of the Board of Directors and to provide
for the annual election by the shareholders of each member of the Board. Accordingly, starting with the 2007 Annual Meeting,
directors are elected to one year terms, although the terms of the directors elected at the Company’s 2006 Annual Meeting will
expire at the 2009 Annual Meeting.
The current number of directors is eleven, with eight directors being elected at the 2008 Annual Meeting.
The Board of Directors, upon recommendation of its Nominating Committee, has nominated, for a one year term expiring at the
2009 Annual Meeting, Warren Eisenberg, Leonard Feinstein, Dean S. Adler, Stanley F. Barshay, Patrick R. Gaston, Jordan Heller,
Robert S. Kaplan and Victoria A. Morrison, whose terms of office as directors expire at this Annual Meeting.
The principal occupation and certain other information concerning the nominees are provided below:
Warren Eisenberg, 77, is a Co-Founder of the Company and has served as Co-Chairman since 1999. He has served as a director
since 1971. Mr. Eisenberg served as Chairman from 1992 to 1999, and served as Co-Chief Executive Officer from 1971 to April 2003.
Leonard Feinstein, 71, is a Co-Founder of the Company and has served as Co-Chairman since 1999. He has served as a director since
1971. Mr. Feinstein served as President from 1992 to 1999, and served as Co-Chief Executive Officer from 1971 to April 2003.
Dean S. Adler, 51, is a Co-Founder and Chief Executive Officer of Lubert-Adler Partners, L.P., a private real estate investment firm.
He has served as a Principal of Lubert-Adler Partners, L.P. for more than five years. He has been a director of the Company since
2001. Mr. Adler is also a director of Developers Diversified Realty Corp.
Stanley F. Barshay, 68, has served as Chairman of Schering-Plough Consumer HealthCare Products since 2003. Prior to 1997,
Mr. Barshay served in a variety of senior executive positions at American Home Products (now Wyeth). Between 1997 and 2003,
Mr. Barshay served as a consultant for several companies. He has been a director of the Company since 2003.
Patrick R. Gaston, 50, has been the President of Verizon Foundation since 2003. Prior to assuming this position, Mr. Gaston held a
variety of management positions at Verizon Communications Inc. and its predecessors since 1984, including positions in opera-
tions, marketing, human resources, strategic planning and government relations. He has been a director of the Company since
May 2007.