Pep Boys 2007 Annual Report Download - page 29

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21
Consolidated Financial Statements included in our Annual Report on Form 10-K for the year ended February
2, 2008 for a discussion of the assumptions used for calculating such compensation expense.
(d) Represents amounts earned under our Annual Incentive Bonus Plan in Fiscal 2007.
(e) Solely represents actuarial increases in the benefit value provided under the defined benefit portion of our
SERP as we do not pay above-market or preferential earnings on non-qualified deferred compensation.
Messrs. Cirelli and Page were the only named executive officers who participated in the defined benefit portion
of our SERP during fiscal 2007. Due to the fact that both Mr. Cirelli and Mr. Page have reached the maximum
number of years of service that can be credited under the SERP and that the discount rate used in the actuarial
calculation increased in fiscal 2007, their benefit values actuarially decreased in fiscal 2007.
(f) Consists of the following dollar amounts:
Rachor Odell Cirelli Webb Yanowitz
Smith Page
Contributed under the defined
contribution portion of our SERP
160,015
13,215
--
11,231
69,470
--
--
Contributed (company match) under
our Deferred Compensation Plan
360,000
28,356
--
14,301
--
--
--
Contributed (company match) in
connection with Pep Boys 401(k)
Savings Plan
--
--
563
--
563
--
--
Paid as dividend equivalents on
RSUs 101,250 3,457 2,522 1,504 18,169 14,782 1,350
Paid as an auto allowance 21,923 3,692 13,500 3,115 13,500 9,333 11,942
Paid as a tax/financial planning
allowance
--
--
3,692
--
--
--
2,969
Representing group term life
insurance premiums
2,160
277
648
222
576
1,730
914
For Mr. Rachor and Mr. Leonard also includes $97,720 and $11,492 in temporary living and commuting expense
reimbursement, respectively.
For Mr. Smith also includes a $900,000 severance payment and the disbursement of his $102,595 vested SERP
balance.
For Mr. Page also includes a $530,250 severance payment and the disbursement of his $2,246,646 vested SERP
balance.
(g) Mr. Rachor joined Pep Boys on March 13, 2007 and, subsequently, resigned on April 22, 2008.
(h) Mr. Odell joined Pep Boys on September 17, 2007.
(i) Mr. Webb joined Pep Boys on September 10, 2007.
(j) Mr. Yanowitz resigned on April 18, 2008.
(k) Mr. Leonard served as interim CEO from July 18, 2006 through March 26, 2007.
(l) Mr. Smith was separated from the Company effective September 7, 2007.
(m) Mr. Page retired effective September 7, 2007.
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