Pier 1 2012 Annual Report Download - page 94

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Directors Attendance at Board and Committee Meetings and at the Annual Meeting of Shareholders
In fiscal 2012, each director attended at least 75% of the total number of board of directors meetings and
meetings of the board of directors standing committee or committees on which he or she served and which were
held during the time of his or her service as a director and/or committee member. Although Pier 1 Imports has no
formal policy on the matter, all directors are encouraged to attend Pier 1 Imports’ annual meeting of shareholders.
Last year, all directors then serving at the time, except Mr. Ferrari, attended Pier 1 Imports’ annual meeting of
shareholders. Mr. Ferrari was unable to attend due to an illness. Committee memberships, the number of meetings
of the full board and each standing committee, and each director’s dates of service for fiscal 2012 are shown in the
table below.
Name
Board of
Directors
Audit
Committee
Compensation
Committee
Executive
Committee
Nominating
and
Corporate
Governance
Committee
Claire H. Babrowski
(elected March 25, 2011)
03/25/2011 to 02/25/2012 Member
06/28/2011 to 02/25/2012 Member
John H. Burgoyne
02/27/2011 to 02/25/2012 Member Chairman
02/27/2011 to 06/28/2011 Member
Hamish A. Dodds
02/27/2011 to 02/25/2012 Member
06/28/2011 to 02/25/2012 Member
Michael R. Ferrari
02/27/2011 to 02/25/2012 Non-Executive Chairman Chairman
02/27/2011 to 06/28/2011 Member Chairman
06/28/2011 to 02/25/2012 Member
Brendan L. Hoffman
02/27/2011 to 02/25/2012 Member
06/28/2011 to 02/25/2012 Member
Terry E. London
02/27/2011 to 02/25/2012 Member Chairman Member
Alexander W. Smith
02/27/2011 to 02/25/2012 Member Member
Cece Smith
02/27/2011 to 02/25/2012 Member Member
02/27/2011 to 06/28/2011 Member Member
06/28/2011 to 02/25/2012 Chairman
Number of Meetings in Fiscal 2012 6 11 5 0 3
Non-Employee Director Compensation for the Fiscal Year Ended February 25, 2012
Fees Paid to Directors
Directors who are Pier 1 Imports employees do not receive any compensation for their board activities.
Non-employee directors receive an annual cash retainer of $150,000. In addition, the audit committee chairman and
compensation committee chairman each receive an additional annual cash retainer of $25,000; the nominating and
corporate governance committee chairman receives an additional annual cash retainer of $10,000; and the
non-executive chairman of the board of directors receives an additional annual cash retainer of $75,000. The annual
retainers for fiscal 2012 were paid monthly in arrears. For fiscal 2012, non-employee directors did not receive
additional fees for attending meetings. For fiscal 2012, non-employee directors did not receive stock option or
restricted stock grants.
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