Pep Boys 2008 Annual Report Download - page 32

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26
Name
Cash Payment
($)
Michael R. Odell 1,200,000
Raymond L. Arthur 500,000
Joseph A. Cirelli 300,020
Troy E. Fee 250,000
Scott A. Webb 400,000
The following table shows information regarding the payments and benefits that each named executive officer
would have received under his Change of Control Agreement assuming that he was terminated immediately upon a
change of control as of January 31, 2009.
Name
2X
Base
Salary
($)
2X
Target
Bonus
($)
2X
Account
Plan
Contri-
butions
($)
(a)
2X
Health and
Welfare
Benefits
($)
Value of
Accelerated
Vesting of
Outstanding
Equity Awards
($)(b)
Michael R. Odell 1,600,000 1,600,000 320,000 80,249 111,022
Raymond L. Arthur 1,000,000 750,000 280,000 70,438 72,250
Joseph A. Cirelli 600,040 270,018 139,209 51,444 35,403
Troy E. Fee 500,000 225,000 72,500 70,365 44,844
Scott A. Webb 800,000 360,000 116,000 76,118 91,665
(a) Represents two year’s worth of contributions under the Account Plan.
(b) Represents the value of the accelerated vesting of all “in the money” stock options and RSUs at the closing
price of a share of PBY Stock on January 30, 2009 ($2.89).
(ITEM 2) PROPOSAL TO RATIFY THE APPOINTMENT OF
INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
The Board of Directors, upon the recommendation of the Audit Committee, has appointed the firm of Deloitte &
Touche LLP to serve as our independent registered public accounting firms with respect to the consolidated
financial statements of Pep Boys and its subsidiaries for fiscal 2009. Deloitte & Touche LLP served as our
independent registered public accounting firm for fiscal 2008.
A representative of Deloitte & Touche LLP is expected to be present at the meeting and will have the
opportunity to make a statement if he or she desires to do so. The representative is also expected to be available to
respond to appropriate questions of shareholders.
If the shareholders do not ratify the appointment of Deloitte & Touche LLP, another independent registered
public accounting firm recommended by the Audit Committee will be considered by the Board of Directors.
THE BOARD OF DIRECTORS RECOMMENDS A VOTE
"FOR"
THE RATIFICATION OF THE APPOINTMENT OF THE
INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM