Macy's 2010 Annual Report Download - page 37

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Item 9B. Other Information.
In January 2011, the Company determined that the performance restricted stock unit agreements issued to
participants in the Company’s long-term incentive program (including the Company’s principal executive
officer, principal financial officer and other named executive officers) on March 19, 2010 contained an erroneous
definition of “Net Sales” in the definition of the EBITDA Margin performance goal. On February 25, 2011, the
Compensation and Management Development Committee of the Board of Directors authorized the Company to
include language in the form of the performance restricted stock unit agreement to be used for 2011 grants,
which is filed as Exhibit 10.23 to this report, correcting the definition of Net Sales in the 2010 agreement.
Additional information regarding the performance restricted stock units granted to the Company’s named
executive officers in fiscal 2010 is set forth under “Compensation Discussion & Analysis” and “Compensation of
the Named Executives for 2010” in the Proxy Statement to be delivered to shareholders in connection with our
2011 Annual Meeting of Shareholders and incorporated herein by reference.
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