Pier 1 2011 Annual Report Download - page 86

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Please find page 86 of the 2011 Pier 1 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.

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Shareholders of Record: You may enroll in MLinkSM offered by Pier 1 Imports’ transfer agent, Mellon Investor
Services LLC, for online access to our future proxy statement and annual report materials and notice of Internet
availability of proxy materials by going to http://bnymellon.com/shareowner/equityaccess and logging into, or
activating, your Investor ServiceDirect®account where step-by-step instructions will prompt you through the
enrollment process.
Beneficial Owners: If you hold your shares in a stock brokerage account or with a bank or other holder of
record, you also may have the opportunity to receive or access copies of these materials electronically. Please check
the information provided in the proxy materials or the Notice mailed to you by your broker, bank or other holder of
record regarding the availability of this service.
What is included in these materials?
These materials include:
• the 2011 annual report and this proxy statement for the annual meeting; and
• Pier 1 Imports’ Annual Report on Form 10-K for the year ended February 26, 2011, as filed with the
SEC on April 25, 2011 (the “2011 Form 10-K”).
If you requested printed versions of these materials by mail, these materials also include the proxy card or
voting instruction form for the annual meeting.
What will the shareholders vote on at the annual meeting?
The shareholders will be asked to vote on the following proposals:
• the election as directors of the eight nominees named in this proxy statement to hold office until the
next annual meeting of shareholders and until their successors are elected and qualified (PROPOSAL
NO. 1);
• a proposal to approve the material terms of the performance goals under the Pier 1 Imports, Inc. 2006
Stock Incentive Plan for the purposes of compensation deductibility under Section 162(m) of the
Internal Revenue Code (PROPOSAL NO. 2);
• a non-binding, advisory vote approving the compensation of Pier 1 Imports’ named executive
officers as disclosed pursuant to the compensation disclosure rules of the SEC, including the
Compensation Discussion and Analysis, compensation tables and narrative discussion below under
the caption “Executive Compensation” (PROPOSAL NO. 3);
• a non-binding, advisory vote regarding the frequency of future voting on the compensation of Pier 1
Imports’ named executive officers (PROPOSAL NO. 4);
• a proposal to ratify the audit committee’s approval to engage Ernst & Young LLP as Pier 1 Imports’
independent registered public accounting firm for fiscal 2012 (PROPOSAL NO. 5); and
• any other business as may properly come before the annual meeting or any adjournment or
postponement of the meeting.
What are the board of directors’ voting recommendations?
The board of directors recommends that you vote your shares:
• “FOR” each of the nominees to the board of directors (PROPOSAL NO. 1);
2