AutoZone 2008 Annual Report Download - page 46

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NONQUALIFIED DEFERRED COMPENSATION
The following table sets forth information regarding nonqualified deferred compensation for the
Company’s Named Executive Officers as of and for the year ended August 30, 2008.
Name Plan
Executive
Contributions
in Last FY
($)(1)
Registrant
Contributions in
Last FY
($)(2)
Aggregate
Earnings in
Last FY
($)(3)
Aggregate
withdrawals/
Distributions
($)
Aggregate
Balance at Last
FYE
($)
William C. Rhodes III. . Executive Deferred 252,164 42,657 (150,124) — 1,240,742
Compensation Plan
William T. Giles ...... Executive Deferred 51,146 19,651 (1,120) — 73,875
Compensation Plan
James A. Shea ....... Executive Deferred 156,841 18,575 (5,798) — 519,424
Compensation Plan
Robert D. Olsen ...... Executive Deferred 33,995 16,876 2,607 — 246,772
Compensation Plan
Harry L. Goldsmith . . . Executive Deferred 30,953 14,814 (20,394) — 316,991
Compensation Plan
(1) Represents contributions by the Named Executive Officers under the AutoZone, Inc. Executive Deferred
Compensation Plan (the “EDCP”). Such contributions are included under the appropriate “Salary” and
“Non-Equity Incentive Plan Compensation” columns for the Named Executive Officers in the Summary
Compensation Table.
(2) Represents matching contributions by the Company under the EDCP. Such contributions are included
under the “All Other Compensation” column for the Named Executive Officers in the Summary Compen-
sation Table.
(3) Represents the difference between the aggregate balance at end of fiscal 2008 and the end of fiscal 2007,
excluding (i) contributions made by the executive officer and the Company during fiscal 2008 and (ii) any
withdrawals or distributions during fiscal 2008. None of the earnings in this column were included in the
Summary Compensation Table because they were not preferential or above market.
Officers of the Company with the title of vice president or higher are eligible to participate in the EDCP
after their first year of employment with the Company. The EDCP is a nonqualified plan that allows officers
who participate in AutoZone’s 401(k) plan to make a pretax deferral of base salary and bonus compensation.
Officers may defer up to 25% of base salary and bonus, minus deferrals under the 401(k) plan. The Company
matches 100% of the first 3% of deferred compensation and 50% of the next 2% deferred. Participants may
select among various mutual funds in which to invest their deferral accounts. Participants may elect to receive
distribution of their deferral accounts at retirement or starting in a specific future year of choice before or after
anticipated retirement (but not later than the year in which the participant reaches age 75). If a participant’s
employment with AutoZone terminates other than by retirement or death, the account balance will be paid in a
lump sum payment six months after termination of employment. There are provisions in the EDCP for
withdrawal of all or part of the deferral account balance in the event of an extreme and unforeseen financial
hardship.
36
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