AutoZone 2011 Annual Report Download - page 10

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TABLE OF CONTENTS
Page
TheMeeting........................................................................... 1
AboutthisProxyStatement............................................................... 1
InformationaboutVoting ................................................................ 1
CorporateGovernanceMatters ............................................................ 4
Independence........................................................................ 4
BoardLeadershipStructure............................................................. 5
BoardRiskOversight ................................................................. 5
CorporateGovernanceDocuments ....................................................... 6
MeetingsandAttendance .............................................................. 6
CommitteesoftheBoard............................................................... 7
AuditCommittee ................................................................... 7
AuditCommitteeReport ........................................................... 8
CompensationCommittee ............................................................ 8
Nominating and Corporate Governance Committee . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9
DirectorNominationProcess ........................................................... 10
Procedure for Communication with the Board of Directors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
CompensationofDirectors ............................................................. 11
OtherInformation ...................................................................... 14
Security Ownership of Management and Board of Directors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14
Security Ownership of Certain Beneficial Owners . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
TheProposals ......................................................................... 16
PROPOSAL1—ElectionofDirectors ................................................... 16
Nominees......................................................................... 17
PROPOSAL 2 — Ratification of Independent Registered Public Accounting Firm . . . . . . . . . . . . . . . . . 19
PROPOSAL 3 — Advisory Proposal on Executive Compensation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20
PROPOSAL 4 — Advisory Proposal on Frequency of Advisory Vote on Executive Compensation . . . . 21
OtherMatters.......................................................................... 21
ExecutiveCompensation ................................................................. 22
CompensationDiscussionandAnalysis ................................................... 22
CompensationCommitteeReport ........................................................ 32
Compensation Committee Interlocks and Insider Participation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33
CompensationProgramRiskAssessment .................................................. 33
SummaryCompensationTable .......................................................... 34
GrantsofPlan-BasedAwards ........................................................... 36
OutstandingEquityAwardsatFiscalYear-End ............................................. 39
OptionExercisesandStockVested....................................................... 41
PensionBenefits ..................................................................... 41
NonqualifiedDeferredCompensation..................................................... 43
Potential Payments upon Termination or Change in Control . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 44
RelatedPartyTransactions ............................................................... 48
EquityCompensationPlans............................................................... 49
Section 16(a) Beneficial Ownership Reporting Compliance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50
StockholderProposalsfor2012AnnualMeeting .............................................. 50
AnnualReport ......................................................................... 50
Proxy