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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 25, 2015
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
Bylaw Forum Selection Clause 7
Board Leadership Structure 7
Director Independence 8
Meetings of Independent Directors without Management Present 8
Procedures for Communicating with Directors 8
Director Nomination Process 9
Board Member Qualification Criteria 9
Internal Process for Identifying Candidates 9
Shareholder Recommendations for Directors 9
Shareholder Nominations at Annual Meeting 10
Committees of the Board of Directors and Risk Oversight 10
Audit Committee 10
Compensation Committee 11
Nominating and Corporate Governance Committee 12
Director Attendance at Board and Committee Meetings and at the Annual Meeting of Shareholders 12
Non-Employee Director Compensation for the Fiscal Year Ended February 28, 2015 13
Fees Paid to Directors 13
Fiscal 2015 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 the Pier 1 Imports, Inc. 2015 Stock Incentive Plan 22