Big Lots 2015 Annual Report Download - page 32

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EXECUTIVE COMPENSATION
Compensation Committee Report
The Compensation Committee reviewed and discussed the following Compensation Discussion and
Analysis (“CD&A”) with management and, based on such review and discussion, the Compensation
Committee recommended to the Board that the CD&A be included in this Proxy Statement and our
Annual Report on Form 10-K for fiscal 2015 (“Form 10-K”).
Members of the Compensation Committee
Russell E. Solt, Chair
Jeffrey P. Berger
James R. Chambers
Nancy A. Reardon
Compensation Discussion and Analysis
This CD&A describes our executive compensation program for fiscal 2015 and certain elements of our
executive compensation program for fiscal 2016 and explains how the Board and the Compensation
Committee of the Board (which we refer to as the “Committee” in this CD&A) made its compensation
decisions for our named executive officers, who, for fiscal 2015, were:
• Mr. Campisi, our CEO and President;
• Mr. Johnson, our Executive Vice President, Chief Administrative Officer and Chief Financial
Officer;
• Ms. Bachmann, our Executive Vice President, Chief Merchandising and Operating Officer;
• Mr. Schlonsky, our Executive Vice President, Human Resources and Store Operations;
• Mr. Stein, our Senior Vice President and Chief Customer Officer; and
• Mr. Chene, our former Executive Vice President, Chief Merchandising Officer.
Mr. Chene’s employment with us terminated on August 27, 2015.
Executive Summary
Objectives of Executive Compensation Program
Through a balanced mix of performance-linked and non-performance-linked compensation consisting
of salary, annual cash incentive awards and equity awards, the Committee and the Board seek to
promote three primary objectives: (1) align the interests of executives and shareholders through
performance-linked compensation; (2) motivate executives to contribute to our success and reward
them for their performance; and (3) attract and retain talented executives by paying compensation that
is competitive with the compensation paid by the companies in our comparator groups.
Company Performance for Fiscal 2015
In fiscal 2015, we focused on improving our financial and operating performance and continued to
deliver solid and improved operating and financial results, including:
• positive comparable store sales in all four fiscal quarters and a 1.8% increase in comparable
store sales for fiscal 2015;
20