Pier 1 2016 Annual Report Download - page 82

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COMPENSATION 18
PROPOSAL NO. 2 – Advisory Approval of Executive Compensation 18
Compensation Committee Report 19
Compensation Discussion and Analysis 19
Message from the Compensation Committee 21
Fiscal 2016 Business Highlights 22
Target Setting 23
Advisory Vote on Executive Compensation; Shareholder Engagement Efforts 23
Compensation Policies, Principles, Objectives and Practices 24
Executive Compensation Components 26
Compensation Determinations and Role of Executive Officers 33
Pier 1 Imports’ Policy on Share Ownership 33
Pier 1 Imports’ Policy on Section 162(m) 33
Compensation Committee Interlocks and Insider Participation 34
Compensation Risk 34
Summary Compensation Table for the Fiscal Years Ended February 27, 2016, February 28, 2015, and
March 1, 2014 35
Grants of Plan-Based Awards for the Fiscal Year Ended February 27, 2016 36
Outstanding Equity Awards Table for the Fiscal Year Ended February 27, 2016 38
Option Exercises and Stock Vested Table for the Fiscal Year Ended February 27, 2016 40
Pension Benefits Table for the Fiscal Year Ended February 27, 2016 40
Non-Qualified Deferred Compensation Table for the Fiscal Year Ended February 27, 2016 41
Potential Payments upon Termination or Change in Control 43
EQUITY COMPENSATION PLAN INFORMATION 46
AUDIT MATTERS 47
Audit Committee Report 47
Relationship with Independent Registered Public Accounting Firm 48
PROPOSAL NO. 3 – Ratification of Engagement of Ernst & Young LLP 48
Independent Registered Public Accounting Firm Fees 48
Pre-approval of Nonaudit Fees 48
QUESTIONS AND ANSWERS REGARDING THE PROXY STATEMENT AND ANNUAL
MEETING 49
OTHER BUSINESS 53
SHAREHOLDER PROPOSALS FOR 2017 ANNUAL MEETING OF SHAREHOLDERS 53
YOUR VOTE IS IMPORTANT 53
DRIVING DIRECTIONS FOR THE PIER 1 IMPORTS, INC. ANNUAL MEETING OF
SHAREHOLDERS 54