Bed, Bath and Beyond 2008 Annual Report Download - page 64

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BED BATH & BEYOND PROXY STATEMENT
62
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 February 28, 2009 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 2008, 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 2008, 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 (4) (5) 2008 1,100,000 2,320,646 1,275,557 0 78,645 4,774,848
Co-Chairman 2007 1,100,000 2,037,483 1,271,238 0 60,346 4,469,067
2006 1,100,000 1,449,004 2,972,556 0 110,071 5,631,631
Leonard Feinstein (6) (7) 2008 1,100,000 2,320,646 1,275,557 0 140,309 4,836,512
Co-Chairman 2007 1,100,000 2,037,483 1,271,238 0 66,887 4,475,608
2006 1,100,000 1,449,004 2,972,556 0 109,939 5,631,499
Steven H. Temares (8) (9) (10) 2008 1,468,269 2,467,010 3,620,127 99,932 21,104 7,676,442
Chief Executive Officer 2007 1,328,846 2,037,483 3,929,565 37,983 23,621 7,357,498
2006 1,230,769 1,449,004 3,721,746 0 22,526 6,424,045
Arthur Stark (11) (12) 2008 1,032,788 641,680 1,063,604 0 10,387 2,748,459
President and 2007 928,846 425,722 1,153,294 0 9,911 2,517,773
Chief Merchandising Officer 2006 821,154 230,981 1,384,678 0 9,523 2,446,336
Eugene A. Castagna (13) (14) 2008 822,319 510,766 1,086,845 0 13,468 2,433,398
Chief Financial Officer 2007 738,076 348,800 1,225,389 0 16,874 2,329,139
and Treasurer 2006 660,577 202,192 1,242,913 0 18,229 2,123,911
(1) Except as otherwise described in this Summary Compensation Table, salaries to named executive officers were paid in cash in the
fiscal year ended February 28, 2009 (the Company’s “2008 fiscal year”), 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
purposes, in accordance with SFAS No. 123R, for fiscal year 2008, 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 14 to the Company’s financial statements and described under the
heading “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the Company’s Form 10-K for
the Company’s2008 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.