Bed, Bath and Beyond 2007 Annual Report Download - page 52

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BED BATH& BEYOND PROXY STATEMENT
50
Report of the Compensation Committee of the Board of Directors
The Compensation Committee of the Company’s Board of Directors has submitted the following report for inclusion in this Proxy
Statement:
The Compensation Committee has reviewed and discussed with management the Compensation Discussion and Analysis contained
in this Proxy Statement. Based on the Committee’s review of and the discussions with management with respect to the
Compensation Discussion and Analysis, the Committee recommended to the Board of Directors that the Compensation Discussion
and Analysis be included in this Proxy Statement and incorporated by reference in the Company’s Annual Report on Form 10-K for
the fiscal year ended March 1, 2008 for filing with the SEC.
The foregoing report is provided by the following directors, who constitute the Compensation Committee:
COMPENSATION COMMITTEE
Dean S. Adler
Victoria A. Morrison
Fran Stoller
SUMMARY COMPENSATION TABLE FOR FISCAL 2007 AND FISCAL 2006
The following table sets forth information concerning the compensation of the Company’s principal executive officer, principal
financial officer and the three mostly highly compensated executive officers of the Company other than its principal executive
officer and principal financial officer for fiscal 2007 and fiscal 2006 (“named executive officers”).
Change in
Pension Value
and Nonqualified
Stock Option Deferred All Other
Name and Fiscal Salary(1) Awards(2) Awards(2) Compensation Compensation(3) Total
Principal Position Year ($) ($) ($) Earnings ($) ($) ($)
Warren Eisenberg 2007 1,100,000 (4) 2,037,483 1,271,238 60,346(5) 4,469,067
Co-Chairman 2006 1,100,000 (6) 1,449,004 2,972,556 110,071(7) 5,631,631
Leonard Feinstein 2007 1,100,000 (8) 2,037,483 1,271,238 66,887(9) 4,475,608
Co-Chairman 2006 1,100,000(10) 1,449,004 2,972,556 109,939(11) 5,631,499
Steven H. Temares 2007 1,328,846(12) 2,037,483 3,929,565 37,983 (13) 23,621(14) 7,357,498
Chief Executive Officer 2006 1,230,769(15) 1,449,004 3,721,746 0 (16) 22,526(17) 6,424,045
Arthur Stark 2007 928,846(18) 425,722 1,153,294 9,911(19) 2,517,773
President and
Chief Merchandising Officer 2006 821,154(20) 230,981 1,384,678 9,523(21) 2,446,336
Eugene A. Castagna 2007 738,076(22) 348,800 1,225,389 16,874(23) 2,329,139
Chief Financial Officer
and Treasurer 2006 660,577(24) 202,192 1,242,913 18,229(25) 2,123,911
(1) Except as otherwise described in this Summary Compensation Table, salaries to named executive officers were paid in cash in the fis-
cal year ended March 1, 2008 (the Company’s “2007 fiscal year”) and March 3, 2007 (the Company’s “2006 fiscal year”) and increases
in salary, if any, were effective in May of the fiscal year.
(2) Pursuant to SEC rules, stock awards and option awards are valued in the amounts recognized for financial statement reporting pur-
poses, in accordance with SFAS No. 123R, for fiscal year 2007 and 2006 and thus include amounts from awards granted in and prior to
that specific fiscal year, without regard to the estimated forfeiture related to service-based vesting conditions. All assumptions made
in the valuations are contained in footnote 1.T. to the Company’s financial statements and described under the heading
“Management Discussion and Analysis,” in the Company’s Form 10-K for the Company’s 2007 fiscal year. The amounts shown in the
table reflect the Company’s accounting expense and do not necessarily reflect the actual value, if any, that may be realized by the
named executive officers.
(3) The amounts of deferred compensation and Company matching contribution payments reflected in this column which relate to fiscal
2007 include amounts in respect of calendar years 2007 and 2008 as fiscal 2007 commenced on March 4, 2007 and ended on March 1,
2008. The amounts of deferred compensation and Company matching contribution payments reflected in this column which relate to