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This excerpt taken from the BBBY DEF 14A filed Jun 4, 2008. Director and Committee Fees for Fiscal Year 2008
In light of the increasing time commitment and demands required of the Company’s directors and upon the recommendation of the executive officer directors, the Company’s Board of Directors has determined to increase director compensation for fiscal 2008. Annual director compensation for all directors, other than Messrs. Eisenberg, Feinstein and Temares, was increased to a fee of $50,000, payable at the rate of $12,500 per quarter, and an automatic grant of $50,000 of restricted stock under the Company’s 2004
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Incentive Compensation Plan at the fair market value on the date of the Annual Meeting of Shareholders (the average of the high and low trading prices on such date), such restricted stock to vest on the last day of the fiscal year of grant provided that the director remains in office until such date. The additional fees payable to directors serving on standing committees of the Board of Directors and to the Lead Director remain unchanged. Each director will continue to have the right to elect to receive all or fifty percent of his or her fees (other than the grant of restricted stock) in cash or stock pursuant to the Bed Bath & Beyond Plan to Pay Directors Fees in Stock.
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