Big Lots 2008 Annual Report Download - page 43

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- 30 -
The retailer-only peer group was comprised of the following 16 companies:
99 Cents Only Stores Dick’s Sporting Goods Family Dollar Pier 1 Imports
Abercrombie & Fitch Dollar General Fred’s Radio Shack
Bed Bath & Beyond Dollar Tree Jo-Ann Stores Ross Stores
BJ’s Wholesale Club DSW Limited Brands Stein Mart
The broader peer group was comprised of the following 94 companies:
7-Eleven CVS Pharmacy Limited Brands Roundy’s Supermarkets
A&P Supermarkets Darden Restaurants Linens ‘N Things RSC Equipment Rental
Adidas America Denny’s Liz Claiborne Safeway
Advance Auto Parts Dick’s Sporting Goods Longs Drug Stores Sara Lee
Albertsons Dollar General Lowe’s Sears
Amazon.com Eddie Bauer McDonald’s Sports Authority
Ann Taylor Federated Department Stores Mervyn’s Staples
Applebee’s FedEx Kinko’s Neiman Marcus Stein Mart
AutoZone Fingerhut Nordstrom Sur La Table
Belk Foot Locker O’Charley’s Talbots
Best Buy Gap Office Depot Target
BJ’s Wholesale Club Goody’s Family Clothing Oriental Trading Timberland
Blockbuster Hannaford Pacific Sunwear TJX Companies
Bob Evans Farms Harry Winston Papa John’s Toys ‘R’ Us
Bon-Ton Home Decorators Collection Payless Shoes True Value Hardware
Brown Shoe Home Depot Petco United Rentals
CDW Home Interiors and Gifts PetsMart United Stationers
Chanel Hy-Vee Phillips-Van Heusen Walgreen
Charming Shoppes J. Crew Pier 1 Imports Warnaco
Circle K J.C. Penney Polo Ralph Lauren Whole Foods
Circuit City Kohl’s Radio Shack Williams-Sonoma
Coach L.L. Bean Raley’s Superstores Yum! Brands
Columbia Sportswear Levi Strauss Redcats USA
Crosstown Traders Lillian Vernon Ross Stores
Tally Sheets and Wealth Accumulation
The Committee reviewed tally sheets that set forth the total and each element of compensation awarded to each
EMC member for the immediately preceding two fiscal years, as well as estimated post-employment and change
in control compensation that may be payable to such executives. The purpose of the tally sheets is to consolidate
all elements of actual and projected compensation for our executives, so the Committee may analyze the individual
elements of compensation, the mix of compensation, and the total amount of actual and projected compensation.
With this information, the Committee determined that the compensation awarded to our executives is reasonable
and consistent with our executive compensation philosophy and objectives.
These tally sheets also included an estimate of the amount of total value accumulated, and total value that will
be accumulated, by each EMC member through prior equity awards (assuming employment continues, awards
vest and the market price of our common shares fluctuates through the life of the awards). While the Committee
considered the accumulated total value as a factor in setting fiscal 2008 compensation, this information was not
a primary consideration. The Committee believes that its objectives of motivating executives to achieve short-
term and long-term goals, rewarding executives for achieving those goals, and providing incentives for executives
to continue their employment with us would not be adequately served if the accumulated total value of an EMC
member’s equity awards was a determinative factor in awarding future compensation.