AutoZone 2014 Annual Report Download - page 33

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Proxy
Does AutoZone currently have an executive incentive compensation plan?
Currently, the AutoZone, Inc. 2010 Executive Incentive Compensation Plan (the “2010 Plan”) is in effect,
but it will expire on December 18, 2014.
What are the primary differences between the new plan and the existing plan?
Three new performance goals have been added to the 2015 Plan:
• economic profit
• net operating profit after tax; and
• earnings before interest, taxes, depreciation and amortization (“EBITDA”)
There are no other material changes. Please review the 2015 Plan document, which is reproduced in its
entirety as Exhibit A to this Proxy Statement.
Who participated in the existing plan during the last fiscal year?
Twelve AutoZone executives were granted bonuses under the 2010 Plan for fiscal 2014. This table shows
bonuses for the named executive officers and all executive officers as a group under the 2010 Plan for the 2014
fiscal year:
Name and Position Dollar Value ($)
William C. Rhodes III ..........................................
Chairman, President & Chief Executive Officer
1,483,750
William T. Giles ...............................................
Chief Financial Officer/Executive Vice President, Finance, IT & ALLDATA
484,639
William W. Graves ............................................
Senior Vice President, Supply Chain & International
297,810
Mark A. Finestone .............................................
Senior Vice President, Merchandising & Store Development
297,810
Larry M. Roesel ...............................................
Senior Vice President, Commercial
302,905
Executive Group(1) ............................................ 4,557,647
(1) Twelve persons, including all the persons named above.
It is not possible at this time to determine what awards may be granted under the proposed 2015 Plan to the
named executive officers and all executive officers as a group. If the 2015 Plan had been in effect in fiscal 2014,
the actual type and amount of awards to such officers and group of officers in fiscal 2014 would have been the
same.
PROPOSAL 3 — Ratification of Independent Registered Public Accounting Firm
Ernst & Young LLP, our independent auditor for the past twenty-seven fiscal years, has been selected by
the Audit Committee to be AutoZone’s independent registered public accounting firm for the 2015 fiscal year.
Representatives of Ernst & Young LLP will be present at the Annual Meeting to make a statement if they so
desire and to answer any appropriate questions.
The Audit Committee recommends that you vote FOR ratification of Ernst & Young LLP as
AutoZone’s independent registered public accounting firm.
Under Nevada law and the Company’s bylaws, if a quorum is present, this matter will be approved if the
number of votes cast in favor of the matter exceeds the number of votes cast in opposition to the matter. Broker
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