Big Lots 2012 Annual Report Download - page 49
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- 35 -
x Mr. Johnson:
(1) Fiscal 2011 SG&A expense performance;
(2) Development and implementation of our annual corporate operating plan;
(3) Executive leadership support for effective cash deployment and investor relations; and
(4) Management’s interface with the Audit Committee.
x Mr. Martin:
(1) Effective management of compensation and employee healthcare costs;
(2) Oversight of important employee relations initiatives, including recruitment of new employees in
important functional areas; and
(3) Management’s interface with the Compensation Committee.
x Ms. Bachmann:
(1) Assumption of additional responsibility associated with overseeing our Distribution and
Transportation Services Department;
(2) Successful implementation of enhancements and upgrades to current information technology
infrastructure supporting our business needs; and
(3) Continued the multi-year implementation of the SAP for Retail information technology system
that will replace our core merchandising and financial systems.
x Mr. Cooper:
(1) Assumption of additional responsibility associated with overseeing our Canadian operations;
(2) Fiscal 2011 SG&A expense performance; and
(3) Development and implementation of our annual corporate operating plan.
x Mr. Haubiel:
(1) Opened 92 new stores and closed 39 stores in fiscal 2011, as compared to opening 80 stores and
closing 43 stores in fiscal 2010;
(2) Executive leadership support for the effective and efficient management of legal affairs and the
development of risk-weighted solutions to complex business and legal issues; and
(3) Management’s interface with the Nominating / Corporate Governance Committee and the
Compensation Committee.
x Mr. Wurl:
(1) Fiscal 2011 net sales were $5,202.3 million – approximately 5.1% above our fiscal 2010 results;
and
(2) Fiscal 2011 gross margin dollars were $2,070.4 million – approximately $58.0 million above our
fiscal 2010 results.
The fiscal 2011 earnings per common share from continuing operations of $2.99 includes the impact of the loss of
$0.19 per common share – diluted from continuing operations from our Canadian segment in fiscal 2011.
See the “Comparative Compensation Data” section of this CD&A for more information regarding the impact that
the competitive market has on our executive compensation program.
Role of Management
As discussed in this CD&A, our CEO plays a significant role in determining executive compensation. Additionally,
our CEO and the Committee consult with management from our human resources, finance and legal departments
regarding the design and administration of our compensation programs, plans and awards for executives and
directors. These members of management provide the Committee and CEO with advice regarding the competitive