Big Lots 2015 Annual Report Download - page 72

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•Restricted Stock Unit Awards. RSUs are primarily intended to align the interests of our named
executive officers and our shareholders and help retain and motivate our named executive
officers. The RSUs will vest ratably over three years from the grant date of the award if the
participant remains employed by us through each annual vesting date and are subject to an
operating profit performance component.
We request that our shareholders indicate their support for the compensation of our named executive
officers as disclosed in this Proxy Statement pursuant to Item 402 of Regulation S-K by approving the
following resolution:
“RESOLVED, that the shareholders of Big Lots approve, on an advisory basis, the
compensation of the named executive officers of Big Lots, as disclosed in Big Lots’ Proxy
Statement for the 2016 Annual Meeting of Shareholders pursuant to Item 402 of Regulation
S-K, including the Compensation Discussion and Analysis, compensation tables and the
narrative discussion accompanying the tables.”
The vote on the approval of the compensation of our named executive officers is advisory, which
means that the vote is not binding on the Board, the Compensation Committee or us. If a majority of
the votes are cast against the approval of the compensation of our named executive officers, the Board
and the Compensation Committee will evaluate whether to take any actions to address the concerns of
the shareholders with respect to our executive compensation program.
THE BOARD RECOMMENDS THAT YOU VOTE FOR THE APPROVAL OF THE COMPENSATION
OF OUR NAMED EXECUTIVE OFFICERS, AS DISCLOSED IN THIS PROXY STATEMENT
PURSUANT TO ITEM 402 OF REGULATION S-K, INCLUDING THE CD&A, COMPENSATION
TABLES AND THE NARRATIVE DISCUSSION ACCOMPANYING THE TABLES.
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