Pier 1 2009 Annual Report Download - page 117

In order to be elected, a nominee for director must receive the affirmative vote of a majority of
the shares of common stock entitled to vote present in person or represented by proxy at the annual
meeting. 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. Any
such shares not voted (whether by abstention or otherwise) will have the same effect as a vote
‘‘AGAINST’’ 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 67, has been a director of Pier 1 Imports since February 1999. During fiscal
2009, he was the chairman of the compensation committee. Mr. Burgoyne is retired and served as
president of Burgoyne and Associates, an international consulting firm from March 1996 through
February 2007. From May 1995 to March 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 69, has been a director of Pier 1 Imports since February 1999. During
fiscal 2009, he was a member of the audit committee and chairman of the nominating and corporate
governance committee. He is the president of Ferrari and Associates LLC, a higher education
consulting firm he established in May 2003. Dr. Ferrari was elected 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 and professor of management at Drake University.
ROBERT B. HOLLAND, III
Robert B. Holland, III, age 56, has been a director of Pier 1 Imports since June 2007. During
fiscal 2009, he was 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 on the compensation
committee, as audit committee chairman and co-chairman of the board. 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.
KAREN W. KATZ
Karen W. Katz, age 52, has been a director of Pier 1 Imports since June 2001. During fiscal 2009,
she was a member of the executive committee and the compensation committee. She has served as
president and chief executive officer of Neiman Marcus Stores since December 2002. In 2007, her
responsibilities were expanded and she was elevated to executive vice president, office of the chairman,
The Neiman Marcus Group. From May 2000 to December 2002, she served as president and chief
executive officer of Neiman Marcus Direct, a division of The Neiman Marcus Group. Prior to that
time, she served as executive vice president of stores for Neiman Marcus Stores from February 1998 to
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