Pier 1 2014 Annual Report Download - page 77

Download and view the complete annual report

Please find page 77 of the 2014 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.

Page out of 136

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136

PIER 1 IMPORTS, INC.
100 Pier 1 Place
Fort Worth, Texas 76102
PROXY STATEMENT FOR
ANNUAL MEETING OF SHAREHOLDERS
To Be Held June 20, 2014
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 7
Corporate Governance 7
Board Leadership Structure 7
Director Independence 7
Meetings of Independent Directors without Management Present 8
Procedures for Communicating with Directors 8
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
Nominating and Corporate Governance Committee. 11
Director Attendance at Board and Committee Meetings and at the Annual Meeting of Shareholders 12
Non-Employee Director Compensation for the Fiscal Year Ended March 1, 2014 13
Fees Paid to Directors 13
Fiscal 2014 Non-Employee Director Compensation Table 14
Stock Options Outstanding 16
Security Ownership of Directors and Executive Officers 16
Security Ownership of Certain Beneficial Owners 17
SECTION 16(A) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE 18
COMPENSATION COMMITTEE INTERLOCKS AND INSIDER PARTICIPATION; CERTAIN RELATED PERSON
TRANSACTIONS 18
Compensation Committee Interlocks and Insider Participation 18
Related Person Transaction Policies and Procedures 18
Transactions with Related Persons 19
ITEMS OF BUSINESS TO BE ACTED UPON AT THE MEETING 20
PROPOSAL NO. 1 – Election of Directors 20
Nominees for Directors 20
PROPOSAL NO. 2 – To Approve an Amendment of the Pier 1 Imports, Inc. Stock Purchase Plan to Extend the Term of the
Plan for Ten Years 22