Big Lots 2012 Annual Report Download - page 64

Download and view the complete annual report

Please find page 64 of the 2012 Big Lots 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 172

  • 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

- 50 -
All Participant Contributions are matched by us (“Registrant Contributions”) at a rate of 100% for the first 2%
of salary contributed and 50% for the next 4% of salary contributed. Additionally, the amount of the Registrant
Contribution is subject to the maximum annual compensation that may be taken into account for benefit calculation
purposes under the IRC ($250,000 for calendar year 2012). Accordingly, the maximum aggregate Registrant
Contribution that could be made to a named executive officer participating in the Savings and Supplemental
Savings Plans was $10,000 for fiscal 2012.
Under the Savings Plan and the Supplemental Savings Plan, 25% of the Registrant Contributions vests annually
beginning on the second anniversary of the employee’s hiring. Under the Savings Plan, a participant who has
terminated employment with us is entitled to all funds in his or her account, except that if termination is for a
reason other than retirement, disability or death, then the participant is entitled to receive only the Participant
Contributions and the vested portion of the Registrant Contributions. Under the Supplemental Savings Plan,
a participant who has terminated employment with us for any reason is entitled to receive the Participant
Contributions and only the vested portion of the Registrant Contributions. Under both plans, all other unvested
accrued benefits pertaining to Registrant Contributions will be forfeited. Upon a change in control of Big Lots,
the participant will receive a lump sum payment of all amounts (vested and unvested) under the Supplemental
Savings Plan.
Nonqualified Deferred Compensation Table for Fiscal 2012
The following table reflects the contributions to, earnings in and balance of each named executive officer’s account
held under the Supplemental Savings Plan.
Name
Executive
Contributions
in Last FY
($)(1)
Registrant
Contributions
in Last FY
($)(2)
Aggregate
Earnings
in Last FY
($)(3)
Aggregate
Withdrawals/
Distributions
($)
Aggregate Balance
at Last FYE
($)(4)
(a) (b) (c) (d) (e) (f)
Mr. Fishman — — — — —
Mr. Johnson 41,333 5,875 50,489 — 405,046
Mr. Martin 28,481 5,875 122,353 — 875,358
Ms. Bachmann 17,175 5,875 26,216 — 240,551
Mr. Cooper 11,042 5,875 21,970 — 558,653
Mr. Haubiel 37,102 5,875 168,569 — 1,192,161
Mr. Wurl 3,375 — 422 — 4,899
(1) The amounts in this column are included in the “Salary” column of the Summary Compensation Table for
fiscal 2012.
(2) The amounts in this column are included in the “All Other Compensation” column of the Summary
Compensation Table for fiscal 2012.
(3) The amounts in this column are not included in the Summary Compensation Table as these amounts reflect
only the earnings on the investments designated by the named executive officer in his or her Supplemental
Savings Plan account in fiscal 2012 (i.e., appreciation or decline in account value). The amounts in this
column do not include any above-market or preferential earnings, as defined by Item 402(c)(2)(viii) of
Regulation S-K and the instructions thereto.
(4) $181,336, $41,686, $34,801 and $327,959 of the amounts in this column were previously reported as
compensation to Mr. Martin, Ms. Bachmann, Mr. Cooper and Mr. Haubiel, respectively, in the Summary
Compensation Table for the prior years reported.