Office Depot 2003 Annual Report Download - page 70

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Office Depot 2003 / Proxy Statement 68
TABLE OF CONTENTS
Page
Purposes of the Meeting 69
Voting Your Shares 69
Solicitation of Proxies 70
Shareholders Eligible to Vote; List Available 70
Establishing a Quorum 70
Householding of Documents 70
Item 1: Election of Directors 70
Biographical Information on the Candidates 71
How Nominees to our Board are Selected 72
Committees of our Board 74
Director Compensation 75
Corporate Governance and Director Independence 75
Communicating with our Board Members 75
Item 2: Amendment of our Long-Term Equity Plan to Increase
the Number of Shares Authorized for Issuance under the
Plan by 15,000,000 Shares 76
Purpose of the Plan 76
Reasons for Proposed Amendment 76
Why Do We Need an Increase in the Number of Shares Available for
Awards Under the Plan? 77
Steps Taken to Counter Dilution 77
Description of the Plan 77
Certain Federal Income Tax Consequences of the Plan 79
Vote Required for Plan Amendment 80
Text of Proposed Plan Amendment 80
Item 3: Ratifying our Audit Committee’s Appointment of Deloitte
& Touche LLP as Our Independent Accounting Firm 80
Audit Committee Report 82
Response to Shareholder Action Taken at our 2003 Annual Meeting 83
Stock Ownership Information 84
Executive Compensation 86
CEO Compensation 88
Employment Agreements with Other Named Executive Officers 89
Compensation Committee Report on 2003 Compensation 90
Section 16(a) Beneficial Ownership Reporting Compliance 93
Copies of Form 10-K Available 93
2005 Shareholder Proposals 93
Common Stock Performance Graph 94
Comparison of Five-Year Cumulative Total Return 94
Appendix A—Corporate Governance Guidelines 95
Appendix B—Audit Committee Charter 99