Pier 1 2007 Annual Report Download - page 91

The committee also believes that the board should be composed of individuals who have achieved a high
level of distinction in business, law, education or public service and who possess one or more of the following
specific qualities or skills:
• financial expertise;
• general knowledge of the retail industry;
• information technology experience;
• international business experience; and
• chief executive officer, chief financial officer or other senior management experience.
Internal Process for Identifying Candidates
Members of the nominating and corporate governance committee or other Pier 1 directors or executive
officers may, from time to time, identify potential candidates for nomination to Pier 1’s board. The committee
typically considers candidates for nomination to Pier 1’s board in early March of each year. All proposed
nominees, including candidates recommended for nomination by shareholders in accordance with the procedures
described below, will be evaluated in light of Pier 1’s Corporate Governance Guidelines, the Board Member
Qualification Criteria and the projected needs of the board at the time. The committee may retain a search firm
to assist in identifying potential candidates for nomination to the board of directors. The search firm’s
responsibilities may include identifying and evaluating candidates believed to possess the qualities and character-
istics set forth in the Board Member Qualification Criteria, as well as providing background information on
potential nominees and interviewing and screening nominees if requested to do so by the committee.
Shareholder Recommendations for Directors
The nominating and corporate governance committee will consider candidates recommended by share-
holders for election to Pier 1’s board. A shareholder who wishes to recommend a candidate for evaluation by
the committee should by certified or express mail forward the candidate’s name, business or residence address,
principal occupation or employment and a description of the candidate’s qualifications to the Chairman of the
Nominating and Corporate Governance Committee, in care of the corporate secretary, Pier 1 Imports, Inc.,
100 Pier 1 Place, Fort Worth, Texas 76102. Pier 1’s corporate secretary must receive the recommendation and
all required information no later than 5:00 p.m., local time, on January 25, 2008.
In order for a candidate recommended by a shareholder to be considered by the committee for inclusion
as a nominee for director at the 2008 annual meeting of shareholders, the candidate must meet the Board
Member Qualification Criteria described above and must be expressly interested and willing to serve as a Pier
1 director. The committee will also consider the independence of the candidate and evaluate the candidate in
light of Pier 1’s Corporate Governance Guidelines described above. The corporate secretary will send properly
submitted shareholder recommendations to the chairman of the committee. Individuals recommended to the
committee by shareholders in accordance with these procedures will be evaluated by the committee in the
same manner as individuals who are recommended through other means.
Shareholder Nominations at Annual Meeting
Pier 1’s by-laws also permit a shareholder to propose a candidate at an annual meeting of shareholders
who is not otherwise nominated by the board through the process described above if the shareholder complies
with the advance notice, information and consent provisions contained in the by-laws. To comply with the
advance notice provision of our by-laws, a shareholder who wishes to nominate a director for election at the
2008 annual meeting of shareholders must provide Pier 1 written notice no earlier than March 30, 2008 and
no later than April 29, 2008. You may contact Pier 1’s corporate secretary to obtain the specific information
that must be provided with the advance notice.
Nominees for Election at the 2007 Annual Meeting
No shareholder complied with the advance notice provisions of our by-laws for purposes of nominating
an individual for election to the board of directors at Pier 1’s 2007 annual meeting of shareholders.
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