Big Lots 2012 Annual Report Download - page 54

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The Retention Awards were made pursuant to the 2012 LTIP and the Big Lots 2012 Long-Term Incentive Plan
Restricted Stock Retention Award Agreement (“Retention Award Agreement”). Each Retention Award will
vest and be transferred to the named executive officer without restriction on the earlier of: (1) the first trading
day that is 18 months following the grant date; or (2) the first trading day following the executive’s termination
of employment, but only if such termination of employment is the result of the executive’s (a) dismissal by us
without cause (as defined in the Retention Award Agreement) or (b) death or disability; provided, however, if the
executive dies or suffers a disability, only 1/18th of the Retention Award will vest for each consecutive month that
the executive completed with us between the grant date and his or her termination. If termination of employment is
the result of any reason other than the named executive officer’s dismissal by us without cause, death or disability
(including by reason of the executive’s retirement, resignation or dismissal by us for cause), then the Retention
Award Agreement will expire and all of the executive’s rights in the Retention Award will be forfeited. Upon a
change in control (as defined in the 2012 LTIP), any outstanding Retention Awards will vest.
Summary Compensation Table for 2012
The following table sets forth the compensation earned by or paid to our named executive officers for each of the
last three fiscal years.
Name and
Principal Position (1) Ye a r
Salary
($)(2)
Bonus
($)
Stock
Awards
($)(3)
Option
Awards
($)(4)
Non-Equity
Incentive Plan
Compensation
($)(5)
Change in
Pension Value
and Nonqualified
Deferred
Compensation
Earnings
($)
All Other
Compensation
($)(6)(7)(8)
Total
($)(9)
(a) (b) (c) (d) (e) (f) (g) (h) (i) (j)
Steven S. Fishman,
Chairman, Chief
Executive Officer
and President
2012 1,453,846 — 10,524,000 — — — 341,920 12,319,766
2011 1,400,000 — 10,280,000 — — — 244,662 11,924,662
2010 1,369,231 — 8,980,000 — 2,769,816 — 275,028 13,394,075
Timothy A. Johnson,
Senior Vice President,
Chief Financial
Officer (10)(11)
2012 359,827 — 1,120,050 558,150 — — 33,627 2,071,654
John C. Martin,
Executive Vice President,
Chief Merchandising
Officer (12)
2012 610,096 — 1,315,500 571,200 — — 51,926 2,548,722
2011 571,154 — 1,028,000 509,250 — — 64,273 2,172,677
2010 545,385 — 538,800 546,800 544,071 — 42,379 2,217,435
Lisa M. Bachmann,
Executive Vice President,
Chief Operating
Officer (13)
2012 593,942 — 1,315,500 571,200 — — 38,361 2,519,003
2011 529,615 — 1,233,600 582,000 — — 33,887 2,379,102
2010 490,769 — 898,000 683,500 494,610 — 40,959 2,607,838
Joe R. Cooper,
Executive Vice President,
President, Big Lots
Canada (14)
2012 581,538 — 1,315,500 571,200 — — 31,418 2,499,656
2011 529,615 — 1,233,600 582,000 — — 32,884 2,378,099
2010 490,769 — 898,000 683,500 494,610 — 32,615 2,599,494
Charles W. Haubiel II,
Executive Vice President,
Chief Administrative
Officer and Corporate
Secretary (15)
2012 494,308 — 1,315,500 571,200 — — 28,306 2,409,314
2011 436,154 — 1,233,600 582,000 — — 26,156 2,277,910
2010 405,000 — 718,400 615,150 410,526 — 29,211 2,178,287
Doug M. Wurl,
Former Executive
Vice President,
Merchandising (10)(16)
2012 294,232 — 1,315,500 571,200 — — 265,158 2,446,090
(1) Except for Mr. Johnson and Mr. Wurl, we are a party to an employment agreement with each of our
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. We are a party to a senior
executive severance agreement with Mr. Johnson, and were previously a party to senior executive severance
agreement with Mr. Wurl, the material terms of which are described in the “Overview of Executive
Compensation Program – Senior Executive Severance Agreements” section of the CD&A.