Pizza Hut 2011 Annual Report Download - page 43
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16MAR201218542623
We strongly believe these positions are flawed and should not be accepted as a viable approach to
evaluating the alignment between pay and performance.
Accordingly, we ask our shareholders to vote in favor of the following resolution at the Annual
Meeting:
RESOLVED, that the shareholders approve the compensation awarded to our named executive
officers, as disclosed pursuant to SEC rules, including the Compensation Discussion and Analysis, the
compensation tables and related materials included in this proxy statement.
What vote is required to approve this proposal?
Approval of this proposal requires the affirmative vote of a majority of shares present in person or
represented by proxy and entitled to vote at the Annual Meeting. While this vote is advisory and
non-binding on the Company, the Board of Directors and the Management Planning and Development
Committee will review the voting results and consider shareholder concerns in their continuing evaluation
of the Company’s compensation program.
What is the recommendation of the Board of Directors?
THE BOARD OF DIRECTORS RECOMMENDS THAT YOU
VOTE FOR APPROVAL OF THIS PROPOSAL.
Proxy Statement
25