Dollar General 2015 Annual Report Download - page 21

Download and view the complete annual report

Please find page 21 of the 2015 Dollar General annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 168

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168

Proxy
Ms. Price brings broad experience across finance, general management and strategy gained
from her service in senior executive and management positions at major corporations across several
industries, including as Chief Financial Officer of Ahold USA before her retirement in 2014.
Ms. Price’s numerous years of experience as a certified public accountant, former chief financial officer
and former chief accounting officer provide our Board with valuable experience and insight into
accounting and finance matters, and consequently, our Board has determined that Ms. Price is an audit
committee financial expert. She also brings to our Board a valuable perspective as a member of the
faculty at Harvard Business School and from her service as a board member of several public
companies.
Mr. Rhodes has over 20 years of experience in the retail industry, including extensive experience
in operations, supply chain and finance, among other areas. This background serves as a strong
foundation for offering invaluable perspective and expertise to our CEO and our Board. In addition,
his experience as a board chairman and chief executive officer of a public retail company provides
leadership, consensus-building, strategic planning and budgeting skills, as well as extensive
understanding of both short- and long-term issues confronting the retail industry. Mr. Rhodes also has
a strong financial background.
Mr. Rickard held senior management and executive positions for much of his 38 years in the
corporate world. He has significant retail experience and a diverse retail industry background, including
previous experience serving on the board of another retail company. He also has an extensive financial
and accounting background, having served as the chief financial officer of two public companies,
including a large retailer. As a result, our Board has determined that Mr. Rickard is an audit
committee financial expert and has elected him to serve as the Chairman of the Audit Committee.
Mr. Rickard’s financial experience within the retail industry also brings expertise and perspective to our
Board’s discussions regarding strategic planning and budgeting.
Mr. Vasos has extensive retail experience, including over seven years with Dollar General. His
experience overseeing the merchandising, operations, marketing, advertising, procurement, supply chain,
store development, store layout and space allocation functions of other retail companies bolsters
Mr. Vasos’s thorough understanding of all key areas of our business. In addition, Mr. Vasos’s service in
leadership and policy-making positions of other retail companies has provided him with the necessary
leadership skills to effectively guide and oversee the direction of Dollar General and with the
consensus-building skills required to lead our management team.
Acting upon the Nominating Committee’s recommendation, and after concluding that these
nominees possess the appropriate experience, qualifications, attributes and skills, our Board has
unanimously nominated these individuals to be elected by our shareholders at our annual meeting.
Can shareholders nominate directors?
Yes. Shareholders can nominate directors by following the procedures outlined in our Bylaws.
In short, the shareholder must deliver a written notice to our Corporate Secretary at 100 Mission
Ridge, Goodlettsville, TN 37072 for receipt no earlier than the close of business on the 120th day and
not later than the close of business on the 90th day prior to the first anniversary of the prior year’s
annual meeting. However, if the meeting is held more than 30 days before or more than 60 days after
such anniversary date, the notice must be received no earlier than the close of business on the
120th day and not later than the close of business on the 90th day prior to the date of such annual
meeting. If the first public announcement of the annual meeting date is less than 100 days prior to the
date of such annual meeting, the notice must be received by the 10th day following the public
announcement date.
9