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6 STAPLES Notice of Annual Meeting of Stockholders
i TABLE OF CONTENTS
page
CORPORATE GOVERNANCE 8
Highlights 8
Director Independence 9
Certain Relationships and Related Party Transactions 10
Board Leadership Structure 11
Meetings and Committees of Our Board 12
Risk Oversight by the Board of Directors 16
Strategy 17
Evaluation 17
Diversity 17
Director Candidates 18
Communicating with Our Board 18
ELECTION OF DIRECTORS (ITEM 1 ON THE
PROXY CARD) 19
Director Biographies 20
DIRECTOR COMPENSATION 26
2015 Compensation 26
Outstanding Director Awards 28
EXECUTIVE COMPENSATION AND COMPENSATION
DISCUSSION AND ANALYSIS 29
Executive Summary 29
2015 Compensation Program 37
Compensation Process 42
Other Matters 45
Compensation Committee Report 47
Executive Compensation Tables 48
Equity Compensation Plan Information at 2015 Fiscal Year End 58
Compensation Committee Interlocks and Insider Participation 58
Section 16(a) Beneficial Ownership Reporting Compliance 58
page
APPROVAL, ON AN ADVISORY BASIS, OF NAMED
EXECUTIVE OFFICER COMPENSATION (ITEM 2 ON
THE PROXY CARD) 59
RATIFICATION OF SELECTION OF INDEPENDENT
REGISTERED PUBLIC ACCOUNTING FIRM (ITEM 3 ON
THE PROXY CARD) 60
Report of the Audit Committee of the Board of Directors 60
Independent Registered Public Accounting Firm’s Fees 61
SHAREHOLDER PROPOSALS 62
Shareholder Proposal Regarding Accelerated Vesting of
Equity Awards (Item 4 on the Proxy Card) 62
Shareholder Proposal Regarding Special Shareholder
Meetings (Item 5 on the Proxy Card) 65
BENEFICIAL OWNERSHIP OF COMMON STOCK 66
INFORMATION ABOUT THE ANNUAL MEETING,
VOTING AND OTHER SHAREHOLDERS MATTERS 68