Pier 1 2013 Annual Report Download - page 82

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PROPOSAL NO.2–ToAdopt a Non-binding, Advisory Resolution to Approve the Compensation of
Pier 1 Imports’ Named Executive Officers as Disclosed Pursuant to the Compensation Disclosure
Rules of the Securities and Exchange Commission, Including the Compensation Discussion and
Analysis, Compensation Tables and Narrative Discussion Below Under the Caption “Executive
Compensation” ........................................................................ 23
PROPOSAL NO. 3 – Ratification of the Audit Committee’s Engagement of Ernst & Young LLP as
Pier 1 Imports’ Independent Registered Public Accounting Firm for Fiscal 2014 ................. 23
Relationship with Independent Registered Public Accounting Firm .............................. 24
Independent Registered Public Accounting Firm Fees ......................................... 24
Pre-approval of Nonaudit Fees ............................................................. 25
AUDIT COMMITTEE REPORT ............................................................ 25
EXECUTIVE COMPENSATION ............................................................ 26
Compensation Committee Report .......................................................... 26
Compensation Discussion and Analysis ...................................................... 26
Executive Summary ..................................................................... 26
Compensation Policies, Principles, Objectives and Practices .................................... 31
Advisory Vote on Executive Compensation ................................................... 32
Executive Compensation Components ....................................................... 33
Compensation Determinations and Role of Executive Officers .................................... 39
Pier 1 Imports’ Policy on Share Ownership .................................................. 39
Pier 1 Imports’ Policy on Section 162(m) .................................................... 40
Compensation Risk ...................................................................... 40
Summary Compensation Table for the Fiscal Years Ended March 2, 2013, February 25, 2012 and
February 26, 2011 ..................................................................... 41
Grants of Plan-Based Awards for the Fiscal Year Ended March 2, 2013 .......................... 44
Outstanding Equity Awards Table for the Fiscal Year Ended March 2, 2013 ...................... 48
Option Exercises and Stock Vested Table for the Fiscal Year Ended March 2, 2013 ................. 50
Pension Benefits Table for the Fiscal Year Ended March 2, 2013 ................................ 50
Non-Qualified Deferred Compensation Table for the Fiscal Year Ended March 2, 2013 ............. 52
Potential Payments upon Termination or Change in Control .................................... 54
EQUITY COMPENSATION PLAN INFORMATION ........................................... 57
OTHER BUSINESS ........................................................................ 57
SHAREHOLDER PROPOSALS FOR 2014 ANNUAL MEETING OF SHAREHOLDERS ............ 57
YOUR VOTE IS IMPORTANT .............................................................. 57
DRIVING DIRECTIONS FOR THE PIER 1 IMPORTS, INC. ANNUAL MEETING OF
SHAREHOLDERS ...................................................................... 58
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