Staples 2014 Annual Report Download - page 69

Download and view the complete annual report

Please find page 69 of the 2014 Staples annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 178

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178

www.staplesannualmeeting.com STAPLES 65
i APPROVAL, ON AN ADVISORY BASIS, OF NAMED
EXECUTIVE OFFICER COMPENSATION
(ITEM 3 ON THE PROXY CARD)
Our Board recognizes that it is appropriate to seek on an
annual basis the views of shareholders on Staples’ executive
compensation program. Our shareholders are being asked
to approve, on an advisory basis, the compensation of our
named executive officers as disclosed in this proxy statement.
The primary objective of our compensation program is to align
executive pay with long term shareholder value creation. The
“Executive Compensation” section of this proxy statement,
including the “CD&A”, describes in detail our executive
compensation programs and the decisions made by the
Compensation Committee with respect to the 2014 fiscal year
ended January 31, 2015.
In accordance with Section 14A of the Exchange Act, our
Board is asking shareholders to approve, on an advisory basis,
Staples’ named executive officer compensation by approving
the following resolution:
“RESOLVED, that the compensation paid to the Company’s
named executive officers, as disclosed pursuant to the
compensation disclosure rules of the Securities and Exchange
Commission, including the Compensation Discussion and
Analysis, the compensation tables and any related material
disclosed in this proxy statement is hereby APPROVED.”
As an advisory vote, this proposal is not binding upon Staples.
The Compensation Committee considers the results of the
voting in making future compensation decisions for our named
executive officers.
OUR BOARD RECOMMENDS THAT YOU VOTE FOR
THE APPROVAL, ON AN ADVISORY BASIS, OF OUR
NAMED EXECUTIVE OFFICER COMPENSATION.