AutoZone 2009 Annual Report Download - page 44

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(6) All Other Compensation includes the following:
Name
Perquisites
and Personal
Benefits(A)
Tax
Gross-
ups
Company
Contributions to
Defined
Contribution
Plans(C)
Life
Insurance
Premiums Other(D)
William C. Rhodes III .... 2009 $ 56,829(B) $60,662 $4,925
2008 $ 54,667(B) $51,528 $4,998
2007 $ 71,093(B) $45,938 $4,516
William T. Giles . . ...... 2009 $ 6,292 $31,072 $2,390
2008 $183,559(B) $7,858 $35,293 $1,895
2007 $267,222(B) $ 765 $1,663
Robert D. Olsen . . . ...... 2009 $ 25,876 $29,187 $2,373
2008 $ 16,964 $26,076 $2,431
2007 $ 21,059 $18,960 $2,097
James A. Shea .......... 2009 $ 18,060 $27,814 $1,933
2008 $ 8,739 $28,612 $1,994
2007 $ 17,481 $21,902 $1,920
Harry L. Goldsmith ...... 2009 $ 13,787 $26,047 $2,137 $6,900
2008 $ 8,584 $24,014 $2,303 $6,750
2007 $ 28,234 $17,459 $2,097 $6,600
(A) Perquisites and personal benefits for all Named Executive Officers include Company-provided home
security system and/or monitoring services, airline club memberships and status upgrades, Company-
paid executive physicals, Company-paid long-term disability insurance premiums, and matching
charitable contributions under the AutoZone Matching Gift Program. Additionally, the amounts for
2007 include premiums for participation in our executive medical plan. The executive medical plan
was discontinued as of July 1, 2007.
(B) The perquisites or personal benefits which exceeded the greater of $25,000 or 10% of the total
amount of perquisites and personal benefits for an executive officer are as follows:
Mr. Rhodes: In each of fiscal 2007, 2008 and 2009, $50,000 in matching charitable contributions
were made under the AutoZone Matching Gift Program, under which executives may contribute to
qualified charitable organizations and AutoZone provides a matching contribution to the charities in
an equal amount, up to $50,000 in the aggregate for each executive officer annually.
Mr. Giles: During fiscal 2008, Mr. Giles’s former home sold for $395,000 less than the appraised
value at which the Company purchased the home and the Company wrote off $149,900, which was
the difference between the expected sales price at the end of fiscal 2007 and the price at which it
was ultimately sold. The remaining $245,100 was written off by the Company during fiscal 2007 (as
discussed below). Additionally, the Company paid $10,000 in taxes on the home and $21,850 in
transfer taxes as part of the sales contract.
During fiscal 2007, Mr. Giles received $253,728 in relocation expenses, including $2,128 in
temporary living expense reimbursements. The remaining amount consisted of $6,500 for repair and
maintenance of Mr. Giles’s former home and a difference of $245,100 between the appraised value
at which the Company purchased the home and the expected sales price at the end of fiscal 2007.
(C) Represents employer contributions to the AutoZone, Inc. 401(k) Plan and the AutoZone, Inc.
Executive Deferred Compensation Plan.
(D) Represents transition payments to Mr. Goldsmith which the Company pays to certain individuals due
to their age and service as of the date the AutoZone, Inc. Associates Pension Plan was frozen.
(7) Mr. Olsen will cease being an Executive Vice President on November 1, 2009. On November 1, 2009, he
will become Corporate Development Officer of the Company.
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