Dollar General 2008 Annual Report Download - page 145

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143
Considerations Associated with Regulatory Requirements
Section 162(m) of the Internal Revenue Code of 1986, as amended (the “Internal
Revenue Code”), disallows a Federal income tax deduction to publicly held companies for
compensation paid to specified executive officers to the extent that compensation exceeds $1
million per covered officer in any fiscal year. This limitation applies only to compensation that is
not considered performance-based. Because our common stock is not publicly traded,
Section 162(m) will not limit the tax deductibility of any executive compensation for 2008.
The Compensation Committee administers our compensation programs with the good
faith intention of complying with Section 409A of the Internal Revenue Code, which relates to
the taxation of nonqualified deferred compensation arrangements.
Compensation Committee Report
Our Compensation Committee has reviewed and discussed with management the
Compensation Discussion and Analysis required by Item 402(b) of Regulation S-K promulgated
under the Exchange Act. Based on such review and discussions, the Compensation Committee
recommended to our Board of Directors that the Compensation Discussion and Analysis be
included in this document.
This report has been furnished by:
• Michael M. Calbert, Chairman
• Raj Agrawal
• Adrian Jones
This Compensation Committee Report is deemed furnished, not filed, in this document
and will not be deemed to be incorporated by reference into any filing under the Securities Act or
the Exchange Act as a result of furnishing the Compensation Committee Report in this manner.