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PIER 1 IMPORTS, INC.
100 Pier 1 Place
Fort Worth, Texas 76102
PROXY STATEMENT
FOR
ANNUAL MEETING OF SHAREHOLDERS
To Be Held June 26, 2012
Table of Contents
QUESTIONS AND ANSWERS REGARDING THE PROXY STATEMENT AND ANNUAL
MEETING ............................................................................. 1
MATTERS RELATING TO CORPORATE GOVERNANCE, BOARD STRUCTURE, DIRECTOR
COMPENSATION AND STOCK OWNERSHIP ............................................. 6
Corporate Governance ................................................................... 6
Board Leadership Structure ............................................................... 7
Director Independence ................................................................... 7
Meetings of Independent Directors without Management Present ................................ 7
Procedures for Communicating with Directors ............................................... 7
Director Nomination Process .............................................................. 8
Board Member Qualification Criteria ....................................................... 8
Internal Process for Identifying Candidates .................................................. 9
Shareholder Recommendations for Directors ................................................. 9
Shareholder Nominations at Annual Meeting ................................................. 9
Committees of the Board of Directors and Risk Oversight ...................................... 10
Audit Committee. ....................................................................... 10
Compensation Committee. ................................................................ 10
Executive Committee. .................................................................... 11
Nominating and Corporate Governance Committee. ........................................... 11
Directors Attendance at Board and Committee Meetings and at the Annual Meeting of
Shareholders .......................................................................... 12
Non-Employee Director Compensation for the Fiscal Year Ended February 25, 2012 ............... 12
Fees Paid to Directors ................................................................... 12
Fiscal 2012 Non-Employee Director Compensation Table ....................................... 13
Stock Options Outstanding ................................................................ 14
Security Ownership of Management ........................................................ 15
Security Ownership of Certain Beneficial Owners ............................................. 16
SECTION 16(a) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE ...................... 17
COMPENSATION COMMITTEE INTERLOCKS AND INSIDER PARTICIPATION; CERTAIN
RELATED PERSON TRANSACTIONS ..................................................... 17
Compensation Committee Interlocks and Insider Participation .................................. 17
Related Person Transaction Policies and Procedures .......................................... 17
Transactions with Related Persons ......................................................... 17
ITEMS OF BUSINESS TO BE ACTED UPON AT THE MEETING ............................... 18
PROPOSAL NO. 1 – Election of Directors ................................................... 18
Nominees for Directors ................................................................... 18
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