Pier 1 2009 Annual Report Download - page 147

Fiscal 2007 and Fiscal 2008 All Other Compensation
Financial Payments
Planning Relating
and Tax to Dividends Moving,
Cell Officer Preparation Tax Employee Paid on Relocation Total
Fiscal Car Club Dues Phone Medical Services Gross- Savings Restricted and Other All Other
Name Year Allowance Allowance Allowance Reimbursement(a) Allowance Ups(b) Plans(c) Stock(d) Expenses(e) Compensation
Alexander W. Smith . 2008 $19,200 $3,900 $900 $ 3,111 $20,000 $ 0 $ 4,615 N/A $585,418 $637,144
2007 $ 526 $ 107 N/A $ 0 $ 0 $ 0 $ 0 N/A $ 45,965 $ 46,598
Charles H. Turner . . 2008 $14,400 $2,400 $900 $ 5,467 $ 8,600 $ 0 $34,153 $ 0 $ 0 $ 65,920
2007 $13,200 $2,228 N/A $14,533 $ 7,600 $3,829 $31,336 $7,106 $ 0 $ 79,832
Gregory S.
Humenesky ..... 2008 $14,400 $2,400 $900 $ 3,312 $ 6,000 $ 0 $ 1,240 $ 0 $ 0 $ 28,252
Jay R. Jacobs ..... 2008 $14,400 $2,400 $900 $ 1,615 $ 7,800 $ 0 $37,266 $ 0 $ 0 $ 64,381
2007 $13,200 $2,228 N/A $ 4,145 $ 7,600 $2,950 $37,105 $7,106 $ 0 $ 74,334
David A. Walker . . . 2008 $14,400 $2,400 $900 $ 3,954 $ 6,800 $ 0 $22,383 $ 0 $ 0 $ 50,837
(Employment ended 2007 $13,200 $2,228 N/A $ 1,510 $ 5,700 $2,511 $19,699 $7,106 $ 0 $ 51,954
August 15, 2008)
(a) This column reports amounts reimbursed to the named executive officers for medical expenses under the Pier 1
Imports Executive Health Expense Reimbursement Plan.
(b) This column reports the amount of gross-ups for taxes paid to the named executive officers.
(c) This column reports (a) Pier 1 Imports matching contributions to the named executive officer’s 401(k) savings
account equal to the sum of (i) 100% of the first one percent of the participant’s elected compensation deferral,
and (ii) 50% of the next four percent of the participant’s elected compensation deferral, up to the limitations
imposed under IRS rules; (b) the same rate of Pier 1 Imports matching contributions to the named executive
officer’s account in the Pier 1 Imports non-qualified deferred compensation plan known as the Benefit Restoration
Plan II, which is subject to the same vesting requirements as Pier 1 Imports’ 401(k) Retirement Plan; and
(c) Pier 1 Imports matching contributions to the named executive officer’s Stock Purchase Plan account equal to
50% of the named executive officer’s compensation deduction, other than Mr. Walker whose matching
contributions were 100% of his compensation deduction, and Mr. Humenesky whose matching contributions were
20% for a portion of the year and 30% for the remainder of the year.
Those contributions were as follows:
Name Fiscal Year 401(k) BRP II SPP Total
Alexander W. Smith ............. 2008 $4,615 N/A N/A $ 4,615
2007 N/A N/A N/A N/A
Charles H. Turner ............... 2008 $7,039 $ 5,853 $21,261 $34,153
2007 $6,687 $ 5,765 $18,884 $31,336
Gregory S. Humenesky ........... 2008 $ 0 $ 0 $ 1,240 $ 1,240
Jay R. Jacobs .................. 2008 $6,808 $10,852 $19,606 $37,266
2007 $6,687 $11,534 $18,884 $37,105
David A. Walker ................ 2008 $5,100 $10,783 $ 6,500 $22,383
(Employment ended August 15, 2008) 2007 $4,488 $ 8,711 $ 6,500 $19,699
Pier 1 Imports’ 401(k) and Stock Purchase Plan are broad based plans available to all eligible employees on a
non-discriminatory basis.
(d) This column reports dividends paid on unvested restricted stock held by the named executive officers.
(e) This column reports the following amounts paid to Mr. Smith pursuant to his employment agreement and as
described in the Compensation Discussion and Analysis above:
• $125,000 allowance for moving, relocation, and other expenses ($45,965 paid during fiscal 2007 and $79,035
paid during fiscal 2008);
• Travel expenses of $6,383 paid by Pier 1 Imports during fiscal 2008 for Mr. Smith and his spouse for travel
between Boston and Fort Worth; and
• $500,000 reimbursement during fiscal 2008 for lost benefits under the long-range performance incentive plan
of his former employer.
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