Pier 1 2016 Annual Report Download - page 113

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COMPENSATION
Retirement and Other Plans
Pier 1 Imports offers a supplemental retirement plan which is designed to provide certain executives with post-employment financial
security and to mitigate the effects of deferral limitations on highly compensated individuals in qualified plans such as Pier 1 Imports’
401(k) plan. The plan also assists Pier 1 Imports in attracting and retaining executives. The plan is described and discussed below under
the caption “Pension Benefits Table for the Fiscal Year Ended February 27, 2016.”
In addition, and for the same purposes, Pier 1 Imports offers a non-qualified deferred compensation plan known as the Pier 1 Imports,
Inc. Deferred Compensation Plan to its executives and key members of management. The plan also assists Pier 1 Imports in attracting
and retaining executives and key members of management. The plan is described and discussed below under the caption “Non-
Qualified Deferred Compensation Table for the Fiscal Year Ended February 27, 2016.”
Peer Group
For fiscal 2016, Pier 1 Imports used a group of peer companies to benchmark base salary, short- and long-term incentive elements of
total executive compensation. The fiscal 2016 peer group included the following companies, which at the time of selection were publicly
traded and were direct competitors, retail industry competitors, and/or local area competitors for executive talent:
2016 PEER GROUP
ANN INC.
Bed Bath & Beyond Inc.
Chico’s FAS Inc.
DSW Inc.
Finish Line Inc.
Fossil Group, Inc.
Haverty Furniture Companies, Inc.
hhgregg, Inc.
Kirkland’s, Inc.
Restoration Hardware Holdings, Inc.
Select Comfort Corporation
Stage Stores Inc
Stein Mart, Inc.
The Container Store Group, Inc.
Ulta Salon, Cosmetics & Fragrance, Inc.
Williams-Sonoma, Inc.
PIER 1 PEER GROUP RANKINGS(1)
75th Percentile
Median
25th Percentile
$1,865.80 $1,082.50
Pier 1 Results:
($ in millions)
Market CapitalizationRevenue
$2,675.20 $3,598.70
$1,867.42 $1,634
$1,317.70 $656
(1) Data as of March 2, 2015.
These companies were chosen to comprise Pier 1 Imports’ group of peer companies because their revenues and/or operating
characteristics are considered by the compensation committee to be consistent with those of Pier 1 Imports.
The fiscal 2016 peer group is the same as the fiscal 2015 peer group, except for Zale Corporation which ceased filing proxy data with
the SEC and was removed from the fiscal 2016 peer group. ANN INC. was acquired in August 2015.
PIER 1 IMPORTS, INC. | 2016 Proxy Statement 31