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COMPENSATION
Compensation Committee Report
The compensation committee has reviewed and discussed with
management the Compensation Discussion and Analysis below.
Based on the review and discussion, the compensation committee
has recommended to the board of directors that the
Compensation Discussion and Analysis be included in Pier 1
Imports’ 2016 proxy statement.
COMPENSATION COMMITTEE
Cheryl A. Bachelder, Chair
Terry E. London
Cynthia P. McCague
Michael A. Peel
Compensation Discussion and Analysis
This Compensation Discussion and Analysis disclosure provides material information about Pier 1 Imports’ compensation policies,
principals, objectives, and practices for its NEOs for fiscal 2016 and puts into perspective the tabular disclosures and related narratives
that follow it.
FISCAL 2016 NEOs
For fiscal 2016, Pier 1 Imports’ NEOs include its interim chief financial officer, who served in that position prior to the current chief
financial officer’s appointment on July 27, 2015, and its former executive vice president, sales and customer experience. Those NEOs
and their respective biographies are as follows:
Alexander W.Smith
President and Chief Executive Officer (“CEO”)
The biography for Mr. Smith is set forth above under Proposal No. 1 – Election of Directors.
Jeffrey N.Boyer
Executive Vice President and Chief Financial Officer
Mr. Boyer, age 58, joined the organization in July 2015 as Executive Vice President and Chief Financial Officer. Prior to joining the
Company, Mr. Boyer served as Executive Vice President, Chief Administrative Officer and Chief Financial Officer for Tuesday Morning
Corporation, based in Dallas, Texas, since September 2013. From April 2008 to September 2013, Mr. Boyer served as Executive Vice
President and Chief Financial Officer of 24 Hour Fitness Worldwide, based in San Ramon, California, and was promoted to Chief
Operating Officer in June 2012. From January 2003 to April 2008, Mr. Boyer held the positions of Executive Vice President, Chief
Financial Officer; Co-President and Chief Financial Officer; and President and Chief Financial Officer with The Michaels Companies, Inc.
He has also held executive positions with Sears Holdings Corporation and Kmart Corporation.
Laura A.Coffey
Executive Vice President, Planning and Allocations
and Former Interim Chief Financial Officer
Ms. Coffey, age 49, was named Executive Vice President of Planning and Allocations in July 2015. Ms. Coffey has served within the
organization for 19 years in various capacities, including Executive Vice President and Interim Chief Financial Officer, Senior Vice
President of Planning, Senior Vice President of Business Development and Strategic Planning and Senior Vice President of Finance.
Ms. Coffey first became an officer of the Company in 2005 and served as Principal Accounting Officer from 2008 to 2011. Prior to joining
the Company, she held various positions with Alcon Laboratories and KPMG, LLP.
Michael R.Benkel
Executive Vice President, Global Supply Chain
Mr. Benkel, age 47, was named Executive Vice President of Global Supply Chain in July 2015, having previously served as Executive
Vice President of Planning and Allocations since April 2012. He joined the organization in September 2008 as Senior Vice President of
Planning and Allocations. Prior to joining the Company, he spent 11 years at Williams-Sonoma Inc. in continuously advancing positions
in the Pottery Barn Retail Stores division, including Vice President of Inventory Management, Director – Inventory Management, and as a
home furnishings and furniture buyer.
PIER 1 IMPORTS, INC. | 2016 Proxy Statement 19