Pier 1 2014 Annual Report Download - page 92

MATTERS RELATING TO CORPORATE GOVERNANCE, BOARD STRUCTURE, DIRECTOR COMPENSATION AND STOCK OWNERSHIP
Fiscal 2014 Non-Employee Director Compensation Table
The following table sets forth a summary of the compensation with respect to the fiscal year ended March 1, 2014, for services
rendered in all capacities to Pier 1 Imports by its non-employee directors:
Name
Fees
Earned or
Paid in
Cash (1)
($)
Stock
Awards (2)
($)
Option
Awards
($)
Non-Equity
Incentive Plan
Compensation
($)
Change in Pension
Value and Non-
Qualified Deferred
Compensation
Earnings
($)
All Other
Compensation (3)
($) Total ($)
Claire H. Babrowski $160,000 $ 0 $0 $0 $0 $ 7,500 $167,500
Cheryl A. Bachelder $159,598 $38,646 $0 $0 $0 — $198,244
John H. Burgoyne $165,476 $70,813 $0 $0 $0 — $236,289
Hamish A. Dodds $150,000 $22,125 $0 $0 $0 — $172,125
Brendan L. Hoffman $150,000 $22,125 $0 $0 $0 — $172,125
Terry E. London $225,000 $39,992 $0 $0 $0 — $264,992
Cynthia P. McCague
(elected October 17, 2013)
$ 57,589 $11,383 $0 $0 $0 — $ 68,972
Michael A. Peel
(elected October 17, 2013)
$ 57,589 $14,508 $0 $0 $0 — $ 72,097
Ann M. Sardini
(elected October 17, 2013)
$ 57,589 $ 0 $0 $0 $0 $ 5,000 $ 62,859
Cece Smith $175,000 $42,410 $0 $0 $0 $43,750 $261,160
(1) This column represents the amount of cash compensation earned in fiscal 2014 for board and committee service. As described in footnote 2 below, certain percentages of this cash
compensation were deferred by each director into the Pier 1 Imports’ Director Deferred Stock Unit Program.
(2) This column represents the dollar value of Pier 1 Imports’ 25% match on monthly cash director fees (but not committee chair or chairman fees) deferred by each director into the Pier 1
Imports’ Director Deferred Stock Unit Program. This column also includes dividends paid on DSUs held in his or her account. These amounts were converted to DSUs as shown in the table
below. The dollar amount represents the grant date fair value of such DSUs granted in fiscal 2014 in accordance with the Financial Accounting Standards Board’s Accounting Standards
Codification Topic 718, Compensation-Stock Compensation (“FASB ASC Topic 718”). The number of DSUs is calculated using the closing price of Pier 1 Imports’ common stock on the last
trading day of each fiscal month in which the fees were earned, which price also represents the grant date fair value of the DSUs. For dividends, the number of DSUs is calculated using the
closing price of Pier 1 Imports’ common stock on the dividend payment date.
The following table shows fiscal 2014 DSUs for each non-employee director given his or her deferral percentage and Pier 1 Imports’ match:
Name Deferral %
Fiscal
Year
2014
Fees
Deferred
($)
DSUs
Converted
from
Deferred
Fees
(#)
DSUs
Converted
from 25%
Company
Match
(#)
Dividends
Deferred
During
Fiscal Year
2014
($)
DSUs
Converted
from
Deferred
Dividends
(#)
Aggregate
DSUs
Owned at
Fiscal 2014
Year-End
(#)
Claire H. Babrowski 0% $ 0 0 0 $ 0 0 0
Cheryl A. Bachelder 100% $159,598 7,381 1,729 $ 1,146 57 10,568
John H. Burgoyne 50% $ 82,738 3,804 865 $52,062 2,464 251,990
Hamish A. Dodds 50% $ 75,000 3,458 865 $ 3,375 161 18,517
Brendan L. Hoffman 50% $ 75,000 3,458 865 $ 3,375 161 18,517
Terry E. London 10% $ 22,500 1,037 173 $36,242 1,714 174,361
Cynthia P. McCague
(elected October 17, 2013)
100%/50% (a) $ 45,089 2,129 532 $ 110 6 2,667
Michael A. Peel
(elected October 17, 2013)
100% $ 57,589 2,786 697 $ 110 6 3,489
Ann M. Sardini
(elected October 17, 2013)
0% $ 0 0 0 $ 0 0 0
Cece Smith 0% $ 0 0 0 $42,410 2,006 203,272
(a) Effective January 1, 2014, Ms. McCague elected to defer 50% of her cash fees.
14 PIER 1 IMPORTS, INC. 2014 Proxy Statement