Big Lots 2009 Annual Report Download - page 47

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Summary Compensation Table
The following table sets forth the compensation earned by or paid to the named executive officers (Mr. Fishman,
our CEO; Mr. Cooper, our Chief Financial Officer; and each of our three other most highly compensated executive
officers in fiscal 2009) for each of the last three fiscal years.
Name and
Principal Position (1)
(a) Year (b)
Salary
($)
(c)
Bonus
($)
(d)
Stock
Awards
($)(2)
(e)
Option
Awards
($)(3)
(f)
Non-Equity
Incentive Plan
Compensation
($)(4)
(g)
Change in
Pension Value
and Nonqualified
Deferred
Compensation
Earnings
($)(5)
(h)
All Other
Compensation
($)(6)(7)
(i)
Total
($)(8)
(j)
Steven S. Fishman,
Chairman, Chief Executive
Officer and President
2009 1,200,000 — 3,494,000 2,583,900 2,400,000 — 108,626 9,786,526
2008 1,173,077 — 3,474,900 2,828,100 2,353,560 — 32,625 9,862,262
2007 1,015,000 — 3,591,250 2,885,000 1,810,765 — 24,927 9,326,942
Joe R. Cooper,
Executive Vice President and
Chief Financial Officer
2009 440,000 — 349,400 381,713 528,000 — 29,380 1,728,493
2008 433,914 — 342,225 417,788 517,792 — 34,168 1,745,887
2007 396,208 — 359,125 432,750 353,320 — 29,988 1,571,391
Brad A. Waite,
Executive Vice President,
Human Resources
2009 550,000 — 262,050 293,625 825,000 58,180 32,861 2,021,716
2008 547,760 — 263,250 321,375 809,050 7,138 35,914 1,984,487
2007 532,747 — 359,125 432,750 708,875 7,705 30,237 2,071,439
John C. Martin,
Executive Vice President,
Merchandising
2009 520,000 — 262,050 293,625 624,000 — 32,780 1,732,455
2008 516,974 — 263,250 321,375 611,936 — 33,460 1,746,995
2007 496,181 — 287,300 346,200 530,000 — 27,918 1,687,599
Lisa M. Bachmann,
Executive Vice President,
Supply Chain Management
and Chief Information Officer
2009 440,000 — 349,400 381,713 528,000 — 37,709 1,736,822
2008 436,222 — 342,225 417,788 517,792 — 33,143 1,747,170
2007 412,747 — 359,125 432,750 366,570 — 36,384 1,607,576
(1) We are a party to an employment agreement with each of the named executive officers, the material terms of
which are described in the “Overview of our Executive Compensation Program - Employment Agreements”
section of the CD&A.
(2) The amounts in this column reflect the aggregate grant date fair value of the restricted stock awards granted
under the 2005 Incentive Plan to the named executive officers in the fiscal years reported as computed in
accordance with ASC 718, excluding the effect of any estimated forfeitures. The aggregate grant date fair
value reflected in this column is based on the number of shares of restricted stock granted and the fair value
of the restricted stock on the grant date (i.e., for restricted stock granted in fiscal 2009, $17.47 per common
share – the average of the opening price and the closing price of our common shares on the NYSE on the
grant date, as determined in accordance with ASC 718 and the terms of the 2005 Incentive Plan).
(3) The amounts in this column reflect the aggregate grant date fair value of the stock option awards granted under
the 2005 Incentive Plan to the named executive officers in the fiscal years reported as computed in accordance
with ASC 718, excluding the effect of any estimated forfeitures. See Note 7 (Share-Based Plans) to the consolidated
financial statements and the Critical Accounting Policies and Estimates – Share-Based Compensation
section of Management’s Discussion and Analysis of Financial Condition and Results of Operations
(“MD&A”) in our Form 10-K regarding the assumptions underlying the valuation of stock option awards.
(4) The amounts in this column reflect cash bonuses earned under the 2006 Bonus Plan for performance during
each of the last three fiscal years. A portion of the cash bonuses earned by Mr. Cooper and Mr. Martin for
fiscal 2008 performance and included in this column was deferred into the Supplemental Savings Plan upon
the payment of such amounts in fiscal 2009. The Supplemental Savings Plan is described in the narrative
disclosure accompanying the Nonqualified Deferred Compensation table below.
(5) The amounts in this column reflect the actuarial increase in the present value of Mr. Waite’s benefits under
the Pension Plan and the Supplemental Pension Plan determined from February 1, 2009 to January 30,
2010, from December 31, 2007 to January 31, 2009, and from December 31, 2006 to December 31, 2007,