Pier 1 2008 Annual Report Download - page 99

ITEMS OF BUSINESS TO BE ACTED UPON AT THE MEETING
ITEM 1 — Election of Directors
The shareholders will vote to elect as directors the eight nominees named below at the annual meeting of
shareholders. In order to be elected, a nominee for director must receive the affirmative vote of a majority of
the shares of common stock present in person or represented by proxy and entitled to vote for the election of
directors at the meeting. Those elected will serve on the board of directors until the next annual meeting and
until their successors are elected and qualified. The board of directors, upon the recommendation of the board
of directors’ nominating and corporate governance committee, has nominated each person listed below to stand
for election. Although Pier 1 Imports does not anticipate that any of the nominees will be unable or unwilling
to serve as a director, in the event that is the case, the board of directors may reduce its size or choose a
substitute for that nominee.
If a proxy card is signed and returned but no direction is made, the persons named in your proxy will
vote your shares “FOR” the election of each of the nominees listed below as a director.
The board of directors unanimously recommends a vote “FOR” the election of each of the following
nominees as a director.
Nominees for Directors
JOHN H. BURGOYNE
John H. Burgoyne, age 66, has been a director of Pier 1 Imports since February of 1999. From the
beginning of fiscal 2008 through June 28, 2007, he was a member of the compensation committee. Effective
June 28, 2007, Mr. Burgoyne became the chairman of the compensation committee. Mr. Burgoyne is retired
and served as president of Burgoyne and Associates, an international consulting firm from March of 1996
through February of 2007. From May 1995 to March of 1996, Mr. Burgoyne served as the general manager of
IBM’s Travel Industry Sector for their Asia Pacific Region. Prior to that time, he served as the president and
general manager of IBM China Corporation, Ltd.
MICHAEL R. FERRARI
Michael R. Ferrari, age 68, has been a director of Pier 1 Imports since February 1999. During fiscal
2008, he was a member of the audit committee and chairman of the nominating and corporate governance
committee. He has served as senior consultant of the higher education practice of EFL Associates, an
executive search firm, since May 2003. He is also the president of Ferrari and Associates LLC, a higher
education consulting firm he established in May 2003. Dr. Ferrari was granted the title of Chancellor Emeritus
of Texas Christian University by the university’s board of trustees on June 1, 2003, and served as chancellor of
Texas Christian University and as professor of management in the M. J. Neeley School of Business at Texas
Christian University from July 1998 through May 2003. From 1985 to 1998, he served as president of Drake
University.
ROBERT B. HOLLAND, III
Robert B. Holland, III, age 55, has been a director of Pier 1 Imports since June 2007. Effective June 28,
2007, he became a member of the compensation committee. He represented the United States on the board of
executive directors of the World Bank in various capacities, including executive director and alternate and
acting executive director, from 2002 to 2006. During that time, Mr. Holland served on the World Bank’s audit
committee. Since leaving his position as U.S. executive director, Mr. Holland has served on the board of
directors of Max Petroleum plc, where he serves as audit committee chairman. From January 2007 to
November 2007, he served on the board of directors of Affiliated Computer Systems, Inc., where he served as
a member of the audit committee. Prior to his appointment as U.S. executive director, Mr. Holland was
managing director of Texas Ltd., a strategic consulting firm.
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