Pep Boys 2008 Annual Report Download - page 26

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20
(a) Represents the amount recognized as compensation expense in fiscal 2008 for financial statement purposes in
accordance SFAS No. 123(R), without giving effect to estimated forfeitures. Refer to Notes 1 and 12 to the
Consolidated Financial Statements included in our Annual Report on Form 10-K for the year ended January
31, 2009 for a discussion of the assumptions used for calculating such compensation expense.
(b) Represents the amount recognized as compensation expense in fiscal 2008 for financial statement purposes in
accordance SFAS No. 123(R), without giving effect to estimated forfeitures. Refer to Notes 1 and 12 to the
Consolidated Financial Statements included in our Annual Report on Form 10-K for the year ended January
31, 2009 for a discussion of the assumptions used for calculating such compensation expense.
(c) Represents amounts earned under our Annual Incentive Compensation Plan in fiscal 2008, that were paid, or
payable, but deferred at the executive officer’s election, in the following fiscal year.
(d) For fiscal 2006 and 2007, solely represents actuarial increases, if any, in the benefit value provided under the
Legacy Plan as we do not pay above-market or preferential earnings on non-qualified deferred compensation.
Since the Legacy Plan was amended, prior to the end of fiscal 2008, to provide for all amounts payable
thereunder for periods on and after January 1, 2009 to be paid to participants in a single lump sum payment in
January 2009, there was no requirement to calculate year-end actuarial present values. Mr. Cirelli was the only
named executive officer who participated in the Legacy Plan during fiscal 2008. The disbursement of Mr.
Cirelli’s vested Legacy Plan balance is reflected in the “All Other Compensation” column.
(e) Consists of the following dollar amounts:
Odell Arthur Cirelli Fee Webb
Rachor Yanowitz
Contributed under our Account Plan 83,101 49,846 -- 36,250 47,151 -- --
Contributed (company match) under
our Deferred Compensation Plan
--
75,000
9,910
8,258
6,606
--
--
Contributed (company match) in
connection with Pep Boys 401(k)
Savings Plan
--
--
575
575
--
--
--
Paid as dividend equivalents on
RSUs 12,966 3,375 3,122 4,427 8,680 50,625 2,835
Paid as an auto allowance 16,000 11,692 13,500 13,500 13,500 8,077 3,635
Paid as a tax/financial planning
allowance
483
3,000
3,350
6,375
1,588
--
--
Representing group term life
insurance premiums
510
213
385
255
408
255
137
For Mr. Cirelli also includes the disbursement of his $1,406,676 vested Legacy Plan balance.
For Mr. Yanowitz also includes the disbursement of his $260,008 vested Account Plan balance.
(f) Mr. Odell joined Pep Boys on September 17, 2007 as EVP – COO. Mr. Odell was appointed interim CEO on
May 24, 2008 and permanent CEO on September 22, 2008.
(g) Mr. Arthur joined Pep Boys on May 1, 2008.
(h) Mr. Fee joined Pep Boys on July 16, 2007.
(i) Mr. Webb joined Pep Boys on September 10, 2007.
(j) Mr. Rachor resigned from the Company effective April 23, 2008.
(k) Mr. Yanowitz resigned from the Company effective May 1, 2008.