Big Lots 2011 Annual Report Download - page 13
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i
BIG LOTS, INC.
PROXY STATEMENT
TABLE OF CONTENTS
ABOUT THE ANNUAL MEETING ...................................................... 1
Purpose of the Annual Meeting........................................................ 1
Shareholder Voting Rights ........................................................... 1
Registered Shareholders and Beneficial Shareholders..................................... 1
Internet Availability of Proxy Materials ................................................ 2
Attendance at the Annual Meeting..................................................... 2
How to Vote........................................................................ 2
Householding ...................................................................... 3
Tabulation of Votes ................................................................. 3
Board’s Recommendations ........................................................... 3
Quorum........................................................................... 4
Vote Required to Approve a Proposal .................................................. 4
PROPOSAL ONE ..................................................................... 4
GOVERNANCE....................................................................... 7
Board Leadership and Presiding Director............................................... 7
Board Meetings in Fiscal 2011 ........................................................ 7
Role of the Board’s Committees ....................................................... 7
Selection of Nominees by the Board .................................................... 8
Majority Vote Policy and Standard .................................................... 9
Determination of Director Independence ............................................... 10
Related Person Transactions.......................................................... 10
Board’s Role in Risk Oversight........................................................ 11
Code of Business Conduct and Ethics & Code of Ethics for Financial Professionals ............ 11
Compensation Committee Interlocks and Insider Participation............................. 11
Communications with the Board ...................................................... 12
DIRECTOR COMPENSATION ......................................................... 12
Retainers and Fees .................................................................. 12
Restricted Stock .................................................................... 12
Director Compensation Table for Fiscal 2011............................................ 13
STOCK OWNERSHIP ................................................................. 14
Ownership of Our Common Shares by Certain Beneficial Owners and Management........... 14
Section 16(a) Beneficial Ownership Reporting Compliance ................................ 15