Pottery Barn 2013 Annual Report Download - page 132

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reviews the potential impact of Section 162(m) as it constructs the compensation program and in relation to the
level of each element of compensation, but reserves the right to pay non-deductible compensation where
appropriate to achieve our business objectives. Bonuses awarded to our executives in fiscal 2013 under our
Bonus Plan, as well as the equity awards granted to our executives, are intended to qualify as performance-based
compensation. However, because of the fact-based nature of the qualified performance-based compensation
exception and the limited availability of binding guidance thereunder, we cannot guarantee that any
compensation intended to qualify as deductible performance-based compensation so qualifies.
Compensation Committee Report
The Compensation Committee has reviewed and discussed the Compensation Discussion and Analysis with
management. Based on this review and discussion with management, the Compensation Committee has
recommended to the Board of Directors that the Compensation Discussion and Analysis be included in this Proxy
Statement and in the company’s Annual Report on Form 10-K for fiscal 2013.
COMPENSATION COMMITTEE OF THE
BOARD OF DIRECTORS
Adrian D.P. Bellamy, Chairman
Rose Marie Bravo
Anthony A. Greener
Ted W. Hall
Lorraine Twohill
40