The document is a proxy statement from CarMax, Inc. notifying shareholders of the 2007 Annual Meeting. It provides details on the date, time, and location of the meeting as well as the items that will be voted on, including electing members of the board of directors and ratifying the selection of the independent auditing firm. Shareholders are encouraged to vote and informed of the various methods for casting their ballot, including by phone, internet, mail, or in person.
The document is a notice from CarMax, Inc. for its 2006 Annual Meeting of Shareholders and Proxy Statement. It provides details on the meeting such as date, time, location, and items of business to be voted on including electing board members and ratifying an accounting firm. Shareholders are invited to attend and their votes are requested whether attending or not.
This document is a letter inviting shareholders of PPG Industries, Inc. to attend the company's 2008 Annual Meeting of Shareholders on April 17, 2008. It provides details on the meeting location and time. It also includes the formal Notice of the Annual Meeting and Proxy Statement, which shareholders should review for information on the business to be conducted, including electing three directors and endorsing the independent accounting firm. Shareholders are encouraged to vote their shares for the meeting.
This document is a notice and proxy statement for Foot Locker's 2008 annual meeting. It notifies shareholders that the meeting will be held on May 21, 2008 at 9:00 AM at Foot Locker's headquarters in New York. Shareholders as of March 28, 2008 can vote. Items to be voted on include electing two directors, ratifying the appointment of the accounting firm KPMG LLP, and approving an incentive compensation plan. Shareholders are encouraged to vote in advance through proxy voting.
This document is a notice and proxy statement for the annual meeting of shareholders of American Standard Companies Inc. to be held on May 3, 2006. It provides information on voting procedures, the agenda which includes electing four directors and ratifying the appointment of the accounting firm, background on the director nominees, and executive compensation.
This document is a letter from the Chairman and CEO of International Paper, John Faraci, to shareholders. In the letter, Faraci provides a summary of International Paper's progress and performance over the past two years in executing its transformation plan. He notes that the company has strengthened its global paper, packaging, and distribution businesses, managed costs, returned value to shareholders through stock repurchases, and invested in growth areas. Faraci expresses confidence in achieving the company's goals but acknowledges there is still work to be done. He thanks shareholders for their support and commitment to creating shareholder value.
The document provides guidance for female lawyers on negotiating compensation. It discusses how female lawyers have historically been paid less than male counterparts. It then offers strategies and tips for understanding a law firm's compensation system, gathering relevant information, effectively advocating for oneself, and positioning oneself positively for future negotiations. The goal is to help close the gender pay gap.
This document is a notice and proxy statement from Agilent Technologies for its 2009 annual meeting of stockholders. It announces the meeting details including date, time, and location. The meeting will be held on March 11, 2009 at 10:00 am at the South San Francisco Conference Center in South San Francisco, California. Stockholders will vote on three proposals - electing three directors, ratifying the appointment of PricewaterhouseCoopers as the independent auditor, and approving Agilent's 2009 stock plan. Stockholders are encouraged to vote by proxy prior to the meeting. Admission tickets are required to attend and can be obtained from the proxy materials or Agilent's investor relations department.
This document is a notice and proxy statement from Agilent Technologies for its 2004 Annual Meeting of Stockholders. It provides information on the date, time, and location of the meeting, as well as the business to be conducted, including electing directors and ratifying the appointment of PricewaterhouseCoopers as the independent auditor. Stockholders as of January 5, 2004 are entitled to vote. The proxy statement provides details on voting procedures, the proposals to be voted on, corporate governance matters, executive compensation, and other standard annual meeting topics.
The document is a notice from CarMax, Inc. for its 2006 Annual Meeting of Shareholders and Proxy Statement. It provides details on the meeting such as date, time, location, and items of business to be voted on including electing board members and ratifying an accounting firm. Shareholders are invited to attend and their votes are requested whether attending or not.
This document is a letter inviting shareholders of PPG Industries, Inc. to attend the company's 2008 Annual Meeting of Shareholders on April 17, 2008. It provides details on the meeting location and time. It also includes the formal Notice of the Annual Meeting and Proxy Statement, which shareholders should review for information on the business to be conducted, including electing three directors and endorsing the independent accounting firm. Shareholders are encouraged to vote their shares for the meeting.
This document is a notice and proxy statement for Foot Locker's 2008 annual meeting. It notifies shareholders that the meeting will be held on May 21, 2008 at 9:00 AM at Foot Locker's headquarters in New York. Shareholders as of March 28, 2008 can vote. Items to be voted on include electing two directors, ratifying the appointment of the accounting firm KPMG LLP, and approving an incentive compensation plan. Shareholders are encouraged to vote in advance through proxy voting.
This document is a notice and proxy statement for the annual meeting of shareholders of American Standard Companies Inc. to be held on May 3, 2006. It provides information on voting procedures, the agenda which includes electing four directors and ratifying the appointment of the accounting firm, background on the director nominees, and executive compensation.
This document is a letter from the Chairman and CEO of International Paper, John Faraci, to shareholders. In the letter, Faraci provides a summary of International Paper's progress and performance over the past two years in executing its transformation plan. He notes that the company has strengthened its global paper, packaging, and distribution businesses, managed costs, returned value to shareholders through stock repurchases, and invested in growth areas. Faraci expresses confidence in achieving the company's goals but acknowledges there is still work to be done. He thanks shareholders for their support and commitment to creating shareholder value.
The document provides guidance for female lawyers on negotiating compensation. It discusses how female lawyers have historically been paid less than male counterparts. It then offers strategies and tips for understanding a law firm's compensation system, gathering relevant information, effectively advocating for oneself, and positioning oneself positively for future negotiations. The goal is to help close the gender pay gap.
This document is a notice and proxy statement from Agilent Technologies for its 2009 annual meeting of stockholders. It announces the meeting details including date, time, and location. The meeting will be held on March 11, 2009 at 10:00 am at the South San Francisco Conference Center in South San Francisco, California. Stockholders will vote on three proposals - electing three directors, ratifying the appointment of PricewaterhouseCoopers as the independent auditor, and approving Agilent's 2009 stock plan. Stockholders are encouraged to vote by proxy prior to the meeting. Admission tickets are required to attend and can be obtained from the proxy materials or Agilent's investor relations department.
This document is a notice and proxy statement from Agilent Technologies for its 2004 Annual Meeting of Stockholders. It provides information on the date, time, and location of the meeting, as well as the business to be conducted, including electing directors and ratifying the appointment of PricewaterhouseCoopers as the independent auditor. Stockholders as of January 5, 2004 are entitled to vote. The proxy statement provides details on voting procedures, the proposals to be voted on, corporate governance matters, executive compensation, and other standard annual meeting topics.
This document provides an overview and introduction to creating PDF documents. It discusses the key components of a PDF including the header, body, cross-reference table and trailer. It also explains how to build a valid PDF by compiling these components with the header binary, content stream length, cross-reference table and trailer dictionary. The document consists of 6 chapters that cover conceptual overviews, building a PDF, text operators, graphics operators, and navigation and annotations. It aims to teach readers how to programmatically generate PDF documents.
Take a close look at the complete guide on how to set up and use the SafeDNS service. In it you will find answers to the most common questions that arise when using SafeDNS.
With the help of this guide you can easily configure internet filtering on any device, learn how to efficiently use additional features, a filtering schedule and separate filtering policies, as well as find answers to key questions about buying a license and extending the SafeDNS service.
This document provides an overview of key concepts related to investing in securities markets in India. It covers topics such as stocks, bonds, mutual funds, derivatives and more. The document is copyrighted material from the National Stock Exchange of India and cannot be reproduced or distributed without permission. It is intended to educate investors about various financial instruments and markets.
This document introduces the Succinctly series of books on Docker published by Syncfusion. It discusses the story behind the series and provides biographical information about the author. Key points include:
- The Succinctly series aims to provide concise yet comprehensive introductions to technical topics like Docker.
- Elton Stoneman is the author of the Docker book and has experience working with containers.
- Syncfusion is the publisher and provides various software components, aiming to help developers stay on the cutting edge of technology.
This document is Agilent Technologies' notice of its 2005 annual meeting of stockholders, which includes the proxy statement and annual report. The annual meeting will be held on March 1, 2005 to elect directors, ratify the appointment of PricewaterhouseCoopers LLP as the independent auditor, and approve amendments to Agilent's performance-based compensation plan for employees. Stockholders as of January 3, 2005 are entitled to vote. Admission to the annual meeting requires an admission ticket and photo ID.
This document is a notice and proxy statement from Agilent Technologies for its 2008 annual meeting of stockholders. It invites stockholders to the annual meeting on February 27, 2008 and provides information on the business to be conducted, including electing three directors, ratifying the appointment of PricewaterhouseCoopers as the independent auditor, and approving Agilent's Long-Term Performance Program. It provides details on admission to the meeting, voting procedures, and proposals to be voted on.
delta air line .edgesuite.net/delta s/annual_reports/2008_proxy_statement.finance13
This document is a notice from Delta Air Lines for its 2008 Annual Meeting of Stockholders. It informs stockholders that the meeting will take place on June 3, 2008 in New York City, where stockholders will vote on the election of directors, ratification of the independent auditors, and any other business items. The notice provides details on voting procedures, accessing proxy materials online, and instructions for attending the meeting.
1) Hedge fund managers are under increasing pressure to justify their fees through transparent strategies and sustainable returns as differentiation among managers becomes harder to quantify.
2) Investors demand more comprehensive due diligence on managers' strategies, risk exposures, and ability to earn their fees over the long run.
3) Quantifying the "invisible cost" of suboptimal options execution could help investors identify qualified traders and negotiate better pricing, improving risk-adjusted returns.
This document is a survey conducted by VITA on the VPX industry. It contains an introduction, background on the survey objectives and methodology. The analysis section details responses to questions on respondent demographics and opinions on VPX technologies. It finds that most respondents work in defense/aerospace and are engineers interested in learning about VPX through trade publications and conferences. The main obstacles to VPX adoption are integration challenges and cost concerns.
Sharp Corporation final paper- business policy and strategySchwab Kaleb
This document contains a strategic plan analysis for Sharp Corporation, including:
1. A historical analysis of Sharp Corporation and the consumer electronics industry, as well as key competitors like LG, Panasonic, Samsung, and Sony.
2. A current analysis of Sharp's strategy, finances, marketing, and management, as well as the competitive landscape, economic factors, and key success factors of the consumer electronics industry.
3. A strategic plan proposing likely strategic maneuvers of competitors in the next 3 years and identifying a 3-year competitive strategy for Sharp, including which generic strategy fits best and specific offensive strategies to use against competitors.
Mahany Internet Makreting Plan Brick City E Consultantssklinfinity
The document provides a legal disclaimer and indemnity for a research report created by Brick City Consultants. It states that while the research team made an earnest effort to ensure the high quality and accuracy of the report, the members of the research team shall not be held liable for any actions or consequences related to the report. The disclaimer notes that permission is required to reproduce the report.
UNITED STATES COMMISSION ON INTERNATIONAL RELIGIOUS FREEDOMsabrangsabrang
This document is the 2018 Annual Report of the U.S. Commission on International Religious Freedom (USCIRF). It discusses religious freedom conditions around the world and makes policy recommendations. The report finds that in 2017, religious freedom conditions in several countries deteriorated, including Burma due to violence against Rohingya Muslims. It recommends that the U.S. designate several countries as "Countries of Particular Concern," including Burma, China, Iran, Pakistan, Syria, and others. The report urges the U.S. to use sanctions and other tools to promote religious freedom.
CONTENT
INTRODUCTION 7
ASCII “.VN” COUNTRY CODE TOP LEVEL DOMAIN 9
1. “.VN” IN THE WORLD 10
2. “.VN” GROWTH OVER THE YEARS 11
2.1 “.vn” cumulative number and growth rate 11
2.2 “.vn” new registrations and growth rate 12
2.3 New registrations by registrar 14
2.4 New registration breakdown 15
2.4.1 New registrations by geographical area 15
2.4.2 New registrations by registrant 15
2.4.3 New registrations by extension 16
3.“.VN” DOMAIN NAME BREAKDOWN BY CATEGORY 16
3.1 Domain breakdown by extension 17
3.2 Domain breakdown by geographical area 17
3.3 Domain breakdown by registrant 19
3.4 Domain breakdown by business sector 20
3.4.1 “.vn” registration in educational sector 20
3.4.2 “.vn” registration government authority sector 21
3.5 Length of domain name 22
4.“.VN” DOMAIN NAME USAGE 23
4.1. Web Hosting 23
4.2 DNS Hosting 25
5. TOP 50 “.VN” DOMAIN NAMES MOST
QUERIED IN 2015 26
6.“.VN” ACCREDITED REGISTRAR SYSTEM 27
Market share of registrars
12.1 Market share of registrars 27
6.2. Market share of registrars in the northern region 28
1. VIETNAMESE DOMAIN NAME (IDN “.VN”) GROWTh 32
2. IDN “.VN” BREAKDOWN 33
2.1 IDN “.vn” breakdown by registrant 33
2.2 IDN “.vn” breakdown by geographical area 33
3. IDN “.VN” SERVICE USAGE 33
3.1 Service breakdown 33
3.2 Service usage breakdown by geographical area 34
4. TOP 50 IDN “.VN” MOST QUERIED IN 2015 34
INTERNATIONAL DOMAIN NAMES USED IN VIET NAM 37
1. INTERNATIONAL DOMAIN NAME USAGE IN VIET NAM
\ 38
1.1 International domain name breakdown 38
1.1.1 gTLDs vs ccTLDs (not “.vn”) 38
1.1.2 gTLD queries breakdown by extension 38
1.1.3 Top 20 ccTLDs most queried in Viet Nam 39
1.2 Average length of gTLDs queried in Viet Nam 39
The document is a notice from Best Buy Co., Inc. announcing its 2004 Regular Meeting of Shareholders to be held on June 24, 2004 at 10:00 am at Best Buy's corporate campus in Richfield, Minnesota. The notice outlines the items of business to be voted on which include electing directors, ratifying the appointment of Ernst & Young as the independent auditor, and approving Best Buy's 2004 Omnibus Stock and Incentive Plan. Shareholders as of April 26, 2004 are eligible to vote, and can do so by proxy, with voting options including online, by phone, or by mail.
This document is a literature review for a dissertation investigating the gambling habits of male hurling players and female camogie players. It provides background on gambling and defines key terms. It discusses the prevalence of gambling issues among GAA players based on media reports. The GAA has guidelines to address gambling concerns. The literature review establishes the need to understand gambling behaviors and examines differences between problem and social gamblers. It sets up the rationale for studying gambling habits among GAA athletes.
The document is a proxy statement from CarMax, Inc. notifying shareholders about its 2006 Annual Meeting. It provides details about the meeting such as the date, time, location, and items to be voted on including electing directors, ratifying an accounting firm, and approving amendments to an employee stock plan. It also includes questions and answers about voting procedures and proxies.
Google notified stockholders of its 2008 Annual Meeting to be held on May 8, 2008. Stockholders are invited to attend in person or via live webcast. Stockholders will vote on various matters at the meeting, including election of directors. Stockholders are encouraged to vote by Internet, telephone or mail prior to the meeting.
The document is a proxy statement from PPG Industries, Inc. inviting shareholders to attend the company's 2007 Annual Meeting of Shareholders on April 19, 2007. It provides details on the business to be conducted at the meeting, including electing three directors, endorsing the independent accounting firm, and voting on proposals regarding director elections and severance agreements. The proxy statement also contains information on corporate governance policies, director compensation, and executive compensation philosophy.
This document is Google's proxy statement and notice for its 2007 annual stockholders meeting. It provides details on the meeting such as date, time, and location as well as items of business to be voted on including election of directors. It also contains information on corporate governance policies, board committees, and stockholder proposal submission deadlines. Stockholders are directed to read this document in its entirety to learn about matters subject to a stockholder vote at the upcoming annual meeting.
This document is Lockheed Martin Corporation's proxy statement for its 2008 annual meeting of stockholders. It provides notice of the meeting date, time, location, and items of business to be voted on, including the election of directors. It also includes questions and answers about voting procedures, corporate governance policies, director qualifications and independence, and proposals being submitted to a stockholder vote.
This document announces an upcoming annual meeting of stockholders for Sun Microsystems, Inc. to be held on October 27, 2005. Stockholders will vote on electing nine members to the Board of Directors, ratifying the appointment of Ernst & Young LLP as the independent registered public accounting firm, and two stockholder proposals regarding executive compensation and Sun's stockholder rights plan. Stockholders are urged to vote by proxy card, telephone, or internet prior to the meeting.
This document provides an overview and introduction to creating PDF documents. It discusses the key components of a PDF including the header, body, cross-reference table and trailer. It also explains how to build a valid PDF by compiling these components with the header binary, content stream length, cross-reference table and trailer dictionary. The document consists of 6 chapters that cover conceptual overviews, building a PDF, text operators, graphics operators, and navigation and annotations. It aims to teach readers how to programmatically generate PDF documents.
Take a close look at the complete guide on how to set up and use the SafeDNS service. In it you will find answers to the most common questions that arise when using SafeDNS.
With the help of this guide you can easily configure internet filtering on any device, learn how to efficiently use additional features, a filtering schedule and separate filtering policies, as well as find answers to key questions about buying a license and extending the SafeDNS service.
This document provides an overview of key concepts related to investing in securities markets in India. It covers topics such as stocks, bonds, mutual funds, derivatives and more. The document is copyrighted material from the National Stock Exchange of India and cannot be reproduced or distributed without permission. It is intended to educate investors about various financial instruments and markets.
This document introduces the Succinctly series of books on Docker published by Syncfusion. It discusses the story behind the series and provides biographical information about the author. Key points include:
- The Succinctly series aims to provide concise yet comprehensive introductions to technical topics like Docker.
- Elton Stoneman is the author of the Docker book and has experience working with containers.
- Syncfusion is the publisher and provides various software components, aiming to help developers stay on the cutting edge of technology.
This document is Agilent Technologies' notice of its 2005 annual meeting of stockholders, which includes the proxy statement and annual report. The annual meeting will be held on March 1, 2005 to elect directors, ratify the appointment of PricewaterhouseCoopers LLP as the independent auditor, and approve amendments to Agilent's performance-based compensation plan for employees. Stockholders as of January 3, 2005 are entitled to vote. Admission to the annual meeting requires an admission ticket and photo ID.
This document is a notice and proxy statement from Agilent Technologies for its 2008 annual meeting of stockholders. It invites stockholders to the annual meeting on February 27, 2008 and provides information on the business to be conducted, including electing three directors, ratifying the appointment of PricewaterhouseCoopers as the independent auditor, and approving Agilent's Long-Term Performance Program. It provides details on admission to the meeting, voting procedures, and proposals to be voted on.
delta air line .edgesuite.net/delta s/annual_reports/2008_proxy_statement.finance13
This document is a notice from Delta Air Lines for its 2008 Annual Meeting of Stockholders. It informs stockholders that the meeting will take place on June 3, 2008 in New York City, where stockholders will vote on the election of directors, ratification of the independent auditors, and any other business items. The notice provides details on voting procedures, accessing proxy materials online, and instructions for attending the meeting.
1) Hedge fund managers are under increasing pressure to justify their fees through transparent strategies and sustainable returns as differentiation among managers becomes harder to quantify.
2) Investors demand more comprehensive due diligence on managers' strategies, risk exposures, and ability to earn their fees over the long run.
3) Quantifying the "invisible cost" of suboptimal options execution could help investors identify qualified traders and negotiate better pricing, improving risk-adjusted returns.
This document is a survey conducted by VITA on the VPX industry. It contains an introduction, background on the survey objectives and methodology. The analysis section details responses to questions on respondent demographics and opinions on VPX technologies. It finds that most respondents work in defense/aerospace and are engineers interested in learning about VPX through trade publications and conferences. The main obstacles to VPX adoption are integration challenges and cost concerns.
Sharp Corporation final paper- business policy and strategySchwab Kaleb
This document contains a strategic plan analysis for Sharp Corporation, including:
1. A historical analysis of Sharp Corporation and the consumer electronics industry, as well as key competitors like LG, Panasonic, Samsung, and Sony.
2. A current analysis of Sharp's strategy, finances, marketing, and management, as well as the competitive landscape, economic factors, and key success factors of the consumer electronics industry.
3. A strategic plan proposing likely strategic maneuvers of competitors in the next 3 years and identifying a 3-year competitive strategy for Sharp, including which generic strategy fits best and specific offensive strategies to use against competitors.
Mahany Internet Makreting Plan Brick City E Consultantssklinfinity
The document provides a legal disclaimer and indemnity for a research report created by Brick City Consultants. It states that while the research team made an earnest effort to ensure the high quality and accuracy of the report, the members of the research team shall not be held liable for any actions or consequences related to the report. The disclaimer notes that permission is required to reproduce the report.
UNITED STATES COMMISSION ON INTERNATIONAL RELIGIOUS FREEDOMsabrangsabrang
This document is the 2018 Annual Report of the U.S. Commission on International Religious Freedom (USCIRF). It discusses religious freedom conditions around the world and makes policy recommendations. The report finds that in 2017, religious freedom conditions in several countries deteriorated, including Burma due to violence against Rohingya Muslims. It recommends that the U.S. designate several countries as "Countries of Particular Concern," including Burma, China, Iran, Pakistan, Syria, and others. The report urges the U.S. to use sanctions and other tools to promote religious freedom.
CONTENT
INTRODUCTION 7
ASCII “.VN” COUNTRY CODE TOP LEVEL DOMAIN 9
1. “.VN” IN THE WORLD 10
2. “.VN” GROWTH OVER THE YEARS 11
2.1 “.vn” cumulative number and growth rate 11
2.2 “.vn” new registrations and growth rate 12
2.3 New registrations by registrar 14
2.4 New registration breakdown 15
2.4.1 New registrations by geographical area 15
2.4.2 New registrations by registrant 15
2.4.3 New registrations by extension 16
3.“.VN” DOMAIN NAME BREAKDOWN BY CATEGORY 16
3.1 Domain breakdown by extension 17
3.2 Domain breakdown by geographical area 17
3.3 Domain breakdown by registrant 19
3.4 Domain breakdown by business sector 20
3.4.1 “.vn” registration in educational sector 20
3.4.2 “.vn” registration government authority sector 21
3.5 Length of domain name 22
4.“.VN” DOMAIN NAME USAGE 23
4.1. Web Hosting 23
4.2 DNS Hosting 25
5. TOP 50 “.VN” DOMAIN NAMES MOST
QUERIED IN 2015 26
6.“.VN” ACCREDITED REGISTRAR SYSTEM 27
Market share of registrars
12.1 Market share of registrars 27
6.2. Market share of registrars in the northern region 28
1. VIETNAMESE DOMAIN NAME (IDN “.VN”) GROWTh 32
2. IDN “.VN” BREAKDOWN 33
2.1 IDN “.vn” breakdown by registrant 33
2.2 IDN “.vn” breakdown by geographical area 33
3. IDN “.VN” SERVICE USAGE 33
3.1 Service breakdown 33
3.2 Service usage breakdown by geographical area 34
4. TOP 50 IDN “.VN” MOST QUERIED IN 2015 34
INTERNATIONAL DOMAIN NAMES USED IN VIET NAM 37
1. INTERNATIONAL DOMAIN NAME USAGE IN VIET NAM
\ 38
1.1 International domain name breakdown 38
1.1.1 gTLDs vs ccTLDs (not “.vn”) 38
1.1.2 gTLD queries breakdown by extension 38
1.1.3 Top 20 ccTLDs most queried in Viet Nam 39
1.2 Average length of gTLDs queried in Viet Nam 39
The document is a notice from Best Buy Co., Inc. announcing its 2004 Regular Meeting of Shareholders to be held on June 24, 2004 at 10:00 am at Best Buy's corporate campus in Richfield, Minnesota. The notice outlines the items of business to be voted on which include electing directors, ratifying the appointment of Ernst & Young as the independent auditor, and approving Best Buy's 2004 Omnibus Stock and Incentive Plan. Shareholders as of April 26, 2004 are eligible to vote, and can do so by proxy, with voting options including online, by phone, or by mail.
This document is a literature review for a dissertation investigating the gambling habits of male hurling players and female camogie players. It provides background on gambling and defines key terms. It discusses the prevalence of gambling issues among GAA players based on media reports. The GAA has guidelines to address gambling concerns. The literature review establishes the need to understand gambling behaviors and examines differences between problem and social gamblers. It sets up the rationale for studying gambling habits among GAA athletes.
The document is a proxy statement from CarMax, Inc. notifying shareholders about its 2006 Annual Meeting. It provides details about the meeting such as the date, time, location, and items to be voted on including electing directors, ratifying an accounting firm, and approving amendments to an employee stock plan. It also includes questions and answers about voting procedures and proxies.
Google notified stockholders of its 2008 Annual Meeting to be held on May 8, 2008. Stockholders are invited to attend in person or via live webcast. Stockholders will vote on various matters at the meeting, including election of directors. Stockholders are encouraged to vote by Internet, telephone or mail prior to the meeting.
The document is a proxy statement from PPG Industries, Inc. inviting shareholders to attend the company's 2007 Annual Meeting of Shareholders on April 19, 2007. It provides details on the business to be conducted at the meeting, including electing three directors, endorsing the independent accounting firm, and voting on proposals regarding director elections and severance agreements. The proxy statement also contains information on corporate governance policies, director compensation, and executive compensation philosophy.
This document is Google's proxy statement and notice for its 2007 annual stockholders meeting. It provides details on the meeting such as date, time, and location as well as items of business to be voted on including election of directors. It also contains information on corporate governance policies, board committees, and stockholder proposal submission deadlines. Stockholders are directed to read this document in its entirety to learn about matters subject to a stockholder vote at the upcoming annual meeting.
This document is Lockheed Martin Corporation's proxy statement for its 2008 annual meeting of stockholders. It provides notice of the meeting date, time, location, and items of business to be voted on, including the election of directors. It also includes questions and answers about voting procedures, corporate governance policies, director qualifications and independence, and proposals being submitted to a stockholder vote.
This document announces an upcoming annual meeting of stockholders for Sun Microsystems, Inc. to be held on October 27, 2005. Stockholders will vote on electing nine members to the Board of Directors, ratifying the appointment of Ernst & Young LLP as the independent registered public accounting firm, and two stockholder proposals regarding executive compensation and Sun's stockholder rights plan. Stockholders are urged to vote by proxy card, telephone, or internet prior to the meeting.
The document is a notice for the annual meeting of stockholders of The Estée Lauder Companies Inc. to be held on November 9, 2007. The notice includes the following items of business for stockholder vote: 1) election of four directors, 2) approval of the Non-Employee Director Share Incentive Plan, and 3) ratification of the appointment of KPMG LLP as independent auditors for fiscal year 2008. Stockholders are urged to vote by proxy or in person at the meeting.
This document is a proxy statement from Sun Microsystems announcing their 2004 Annual Meeting of Stockholders. It provides details about the meeting such as date, time, location, and items to be voted on including electing members of the Board of Directors and ratifying the appointment of Ernst & Young LLP as the independent registered public accounting firm. It also provides instructions for stockholders on how to vote and asks for their proxy vote either in person at the meeting or in advance.
dean foods Fisca l2007 Proxy Statemen tFINALfinance23
- The document announces the company's annual stockholders' meeting to be held on May 22, 2008 at 10:00 am at the Dallas Museum of Art to vote on proposals adopted by the Board of Directors, including re-electing four members of the Board for three-year terms and ratifying the selection of Deloitte & Touche LLP as the independent auditor for 2008.
- Stockholders of record as of March 25, 2008 are entitled to vote at the meeting. The notice and proxy statement were first mailed to stockholders on April 21, 2008.
This document is a notice for Ameriprise Financial's 2008 annual shareholder meeting. It provides details such as the meeting date, time, location, items of business to be voted on, and the record date for shareholders entitled to vote. The items of business include electing three directors and ratifying the selection of Ernst & Young as the independent auditor for 2008. Shareholders are invited to attend the meeting to discuss business and vote on the proposals.
This document is a notice from Sunoco, Inc. to its shareholders regarding its 2007 Annual Meeting of Shareholders. The meeting will be held on May 3, 2007 at the Moore College of Art and Design in Philadelphia, PA. Only shareholders of record as of February 9, 2007 are entitled to vote. Matters to be voted on include the election of directors, ratification of the appointment of the independent auditors, and any other business properly presented. Shareholders are urged to vote promptly and information on how to vote is provided.
- The document is a letter inviting shareholders to Ameriprise Financial's 2008 annual meeting on April 23, 2008 in Minneapolis, Minnesota.
- It provides details on the meeting location, items of business to be voted on (election of directors, ratification of auditors), and how shareholders can vote or change their vote.
- It encourages shareholders to attend and discuss business with the Chairman and CEO, James Cracchiolo.
- The document is a notice for Sun Microsystems' 2003 Annual Meeting of Stockholders to be held on November 13, 2003.
- Stockholders will vote on electing nine members to the Board of Directors, approving amendments to their 1990 Employee Stock Purchase Plan, ratifying the appointment of Ernst & Young LLP as their auditors, and considering a stockholder proposal.
- The notice provides details on admission to the meeting, how to vote by proxy, and the business to be conducted according to the accompanying Proxy Statement.
1. The document announces the annual meeting of stockholders of The Estée Lauder Companies Inc. to be held on November 10, 2005.
2. Stockholders will vote on electing four directors, approving an amended share incentive plan, and ratifying the appointment of auditors.
3. Stockholders are urged to vote by proxy or in person at the meeting.
This document is a notice and proxy statement from Agilent Technologies for its 2006 annual meeting of stockholders. It announces the meeting will be held on March 1, 2006 at 10:00 am at the South San Francisco Conference Center. Items of business include electing directors, ratifying the appointment of PricewaterhouseCoopers as the independent auditor, and approving Agilent's Long-Term Performance Program. It provides information on voting procedures and deadlines.
The document announces Sunoco's 2005 Annual Meeting of Shareholders to be held on May 5, 2005. It informs shareholders that they can vote if they owned stock as of February 10, 2005. The meeting will address the election of directors, ratification of auditors, and any other business. Shareholders are urged to vote promptly.
- The document is a letter informing stockholders about AMR Corporation's 2004 Annual Meeting of Stockholders to be held on May 19, 2004 at the American Airlines Training & Conference Center in Fort Worth, Texas.
- Stockholders are invited to attend and vote on items of business including electing 12 directors, ratifying the selection of Ernst & Young LLP as independent auditors, and considering two stockholder proposals.
- Instructions are provided for stockholders on how to vote, including voting online, by telephone, or by returning a proxy card, and details on admission to the annual meeting by ticket.
The document is a notice of annual meeting and proxy statement for ONEOK, Inc. shareholders. It informs shareholders that the annual meeting will be held on May 20, 2004 at ONEOK Plaza in Tulsa, Oklahoma. Matters to be voted on include electing directors and ratifying the appointment of KPMG LLP as the independent auditor. Shareholders are urged to authorize a proxy to vote their shares if they cannot attend the meeting.
The document is a letter from the President and CEO of Agilent Technologies inviting shareholders to attend the company's annual meeting on February 27, 2007. It provides details on admission to the meeting, how to participate virtually, how to vote, and encourages shareholders to vote. It also includes the notice of annual meeting and proxy statement which lists the proposals to be voted on, provides information on the board, executive compensation, and other matters related to the annual meeting.
This document is a notice and proxy statement for the American Standard Companies Inc. annual shareholder meeting on May 3, 2005. It provides information on voting procedures, the agenda which includes electing three directors and ratifying the appointment of Ernst & Young LLP as auditors, and summaries of director and executive compensation. Shareholders are being asked to vote on these matters by proxy via mail, phone or internet prior to the meeting.
Smurfit-Stone reported a net loss of $19 million for Q1 2005, an improvement from a $66 million loss in Q1 2004. Net sales increased 8% to $2.1 billion. The company continued to face cost pressures from higher energy, fiber, and employee benefit costs which narrowed margins. However, demand was improving and costs were expected to moderate for the rest of the year, leading the company to expect a return to profitability in Q2 2005.
Smurfit-Stone Container Corporation reported second quarter 2005 net income of $1 million, an improvement from a $10 million net loss in the second quarter of 2004. Sales increased to $2.2 billion from $2 billion in the prior year period. For the first half of 2005, the company reported a net loss of $18 million, an improvement from a $76 million net loss in the first half of 2004, with sales of $4.2 billion compared to $4 billion in the prior year. The company expects third quarter results to be negatively impacted by unfavorable pricing trends but anticipates increased packaging demand in the seasonally strong period.
Smurfit-Stone Container Corporation reported a net loss of $229 million or $0.90 per share for Q3 2005, primarily due to a $293 million pretax restructuring charge related to mill closures in Canada and a paper machine closure. Net sales were $2.1 billion, down from $2.2 billion in Q3 2004. For the first nine months of 2005, the net loss was $247 million or $0.97 per share, compared to a net loss of $48 million or $0.19 per share for the same period in 2004. The company expects costs to increase in Q4 due to higher energy and freight expenses, while average corrugated prices are expected to
- Smurfit-Stone Container Corporation reported a net loss of $92 million for Q4 2005 and a net loss of $339 million for the full year 2005.
- Market conditions were unfavorable in the first half of 2005 with declining containerboard and corrugated prices but began to improve in Q4 2005. However, higher energy and fiber costs negatively impacted results.
- The company expects better comparisons going forward as market conditions improve but not meaningful sequential earnings growth in Q1 2006 due to seasonal factors and cost pressures.
- Smurfit-Stone Container Corporation reported a net loss of $64 million for Q1 2006 compared to a net loss of $19 million in Q1 2005.
- Net sales were $2.1 billion for Q1 2006, comparable to Q1 2005. However, higher costs such as energy and freight, as well as lower containerboard and corrugated prices, negatively impacted year-over-year results.
- The company expects results to improve in Q2 2006 but not reach breakeven, and anticipates returning to profitability in Q3 2006 as prices have rebounded and benefits from strategic initiatives continue.
Smurfit-Stone Container Corporation reported financial results for the second quarter of 2006. The company reported a net loss of $44 million compared to net income of $1 million in the second quarter of 2005. Sales were flat at $1.76 billion. For the first half of 2006 the company reported a net loss of $108 million compared to a net loss of $18 million in the first half of 2005, with sales of $3.5 billion, consistent with the previous year. The company's containerboard and corrugated containers segment saw improved operating profits compared to the previous quarter and previous year.
1) Smurfit-Stone Container Corporation reported a net income of $22 million or $0.09 per diluted share for Q4 2006, compared to a net loss of $0.36 per diluted share in Q4 2005.
2) For full year 2006, Smurfit-Stone reported a net loss of $71 million or $0.28 per diluted share, an improvement from a net loss of $339 million or $1.33 per diluted share in 2005.
3) The company exceeded its cost reduction target for 2006 from its strategic initiatives program, achieving $243 million in savings, and expects further meaningful earnings growth in 2007.
1) Smurfit-Stone Container Corporation reported a net loss of $55 million for the first quarter of 2007 compared to a net loss of $0.25 per share in the first quarter of 2006.
2) The company announced plans to close two containerboard mills with 200,000 tons of annual capacity and restart a previously idled paper machine with 170,000 tons of annual capacity to realign its mill system.
3) While costs increased due to higher wood and recycled fiber prices, the company expects improved second quarter results and a return to profitability due to moderating costs and stronger demand.
Smurfit-Stone Container Corporation reported financial results for the second quarter of 2007, with the following highlights:
1) Operating profits were up 59% from the previous quarter and 16% from the second quarter of 2006, driven by higher average prices across major product lines.
2) Sales increased 6% year-over-year to $1.87 billion for the second quarter.
3) The company expects higher mill production and continued price improvements to drive further financial gains in the third quarter.
Smurfit-Stone Container Corporation reported improved financial results in the third quarter of 2007 compared to the previous quarter:
- Adjusted net income nearly doubled from the second quarter, reaching $28 million.
- Strategic initiatives led to $18 million in quarterly benefits from cost reductions.
- Debt was reduced by $328 million through the sale of the Brewton, Alabama mill.
While earnings are expected to decrease in the fourth quarter due to seasonal factors, management expects ongoing benefits from strategic cost cutting initiatives and capital investments to drive continued margin improvements.
OJP data from firms like Vicinity Jobs have emerged as a complement to traditional sources of labour demand data, such as the Job Vacancy and Wages Survey (JVWS). Ibrahim Abuallail, PhD Candidate, University of Ottawa, presented research relating to bias in OJPs and a proposed approach to effectively adjust OJP data to complement existing official data (such as from the JVWS) and improve the measurement of labour demand.
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Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...AntoniaOwensDetwiler
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
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A toxic combination of 15 years of low growth, and four decades of high inequality, has left Britain poorer and falling behind its peers. Productivity growth is weak and public investment is low, while wages today are no higher than they were before the financial crisis. Britain needs a new economic strategy to lift itself out of stagnation.
Scotland is in many ways a microcosm of this challenge. It has become a hub for creative industries, is home to several world-class universities and a thriving community of businesses – strengths that need to be harness and leveraged. But it also has high levels of deprivation, with homelessness reaching a record high and nearly half a million people living in very deep poverty last year. Scotland won’t be truly thriving unless it finds ways to ensure that all its inhabitants benefit from growth and investment. This is the central challenge facing policy makers both in Holyrood and Westminster.
What should a new national economic strategy for Scotland include? What would the pursuit of stronger economic growth mean for local, national and UK-wide policy makers? How will economic change affect the jobs we do, the places we live and the businesses we work for? And what are the prospects for cities like Glasgow, and nations like Scotland, in rising to these challenges?
Vicinity Jobs’ data includes more than three million 2023 OJPs and thousands of skills. Most skills appear in less than 0.02% of job postings, so most postings rely on a small subset of commonly used terms, like teamwork.
Laura Adkins-Hackett, Economist, LMIC, and Sukriti Trehan, Data Scientist, LMIC, presented their research exploring trends in the skills listed in OJPs to develop a deeper understanding of in-demand skills. This research project uses pointwise mutual information and other methods to extract more information about common skills from the relationships between skills, occupations and regions.
In a tight labour market, job-seekers gain bargaining power and leverage it into greater job quality—at least, that’s the conventional wisdom.
Michael, LMIC Economist, presented findings that reveal a weakened relationship between labour market tightness and job quality indicators following the pandemic. Labour market tightness coincided with growth in real wages for only a portion of workers: those in low-wage jobs requiring little education. Several factors—including labour market composition, worker and employer behaviour, and labour market practices—have contributed to the absence of worker benefits. These will be investigated further in future work.
Fabular Frames and the Four Ratio ProblemMajid Iqbal
Digital, interactive art showing the struggle of a society in providing for its present population while also saving planetary resources for future generations. Spread across several frames, the art is actually the rendering of real and speculative data. The stereographic projections change shape in response to prompts and provocations. Visitors interact with the model through speculative statements about how to increase savings across communities, regions, ecosystems and environments. Their fabulations combined with random noise, i.e. factors beyond control, have a dramatic effect on the societal transition. Things get better. Things get worse. The aim is to give visitors a new grasp and feel of the ongoing struggles in democracies around the world.
Stunning art in the small multiples format brings out the spatiotemporal nature of societal transitions, against backdrop issues such as energy, housing, waste, farmland and forest. In each frame we see hopeful and frightful interplays between spending and saving. Problems emerge when one of the two parts of the existential anaglyph rapidly shrinks like Arctic ice, as factors cross thresholds. Ecological wealth and intergenerational equity areFour at stake. Not enough spending could mean economic stress, social unrest and political conflict. Not enough saving and there will be climate breakdown and ‘bankruptcy’. So where does speculative design start and the gambling and betting end? Behind each fabular frame is a four ratio problem. Each ratio reflects the level of sacrifice and self-restraint a society is willing to accept, against promises of prosperity and freedom. Some values seem to stabilise a frame while others cause collapse. Get the ratios right and we can have it all. Get them wrong and things get more desperate.
[4:55 p.m.] Bryan Oates
OJPs are becoming a critical resource for policy-makers and researchers who study the labour market. LMIC continues to work with Vicinity Jobs’ data on OJPs, which can be explored in our Canadian Job Trends Dashboard. Valuable insights have been gained through our analysis of OJP data, including LMIC research lead
Suzanne Spiteri’s recent report on improving the quality and accessibility of job postings to reduce employment barriers for neurodivergent people.
Decoding job postings: Improving accessibility for neurodivergent job seekers
Improving the quality and accessibility of job postings is one way to reduce employment barriers for neurodivergent people.
Abhay Bhutada, the Managing Director of Poonawalla Fincorp Limited, is an accomplished leader with over 15 years of experience in commercial and retail lending. A Qualified Chartered Accountant, he has been pivotal in leveraging technology to enhance financial services. Starting his career at Bank of India, he later founded TAB Capital Limited and co-founded Poonawalla Finance Private Limited, emphasizing digital lending. Under his leadership, Poonawalla Fincorp achieved a 'AAA' credit rating, integrating acquisitions and emphasizing corporate governance. Actively involved in industry forums and CSR initiatives, Abhay has been recognized with awards like "Young Entrepreneur of India 2017" and "40 under 40 Most Influential Leader for 2020-21." Personally, he values mindfulness, enjoys gardening, yoga, and sees every day as an opportunity for growth and improvement.
1. CarMax, Inc.
Notice of 2007 Annual Meeting of
Shareholders and Proxy Statement
2. Dear Fellow CarMax Shareholders:
I cordially invite you to attend the 2007 Annual Meeting of CarMax, Inc. shareholders.
The annual meeting this year will be held on Tuesday, June 26, 2007, at 8:30 a.m. EDT
at The Richmond Marriott West Hotel, 4240 Dominion Boulevard, in Glen Allen,
Virginia.
The attached proxy statement describes the items to be voted upon at the annual
meeting. In addition to voting, we will review the company’s major developments from
the prior fiscal year and answer your questions. We have also included a copy of the
CarMax fiscal 2007 annual report to shareholders and a form of proxy or voting
instruction card. We encourage you to read the annual report, which includes
information regarding our operations and results.
Whether or not you will be attending the annual meeting, your vote is very important.
Please vote. There are four ways that you can cast your ballot—by telephone, by
Internet, by mailing your proxy card, or in person at the annual meeting.
I look forward to seeing you at the annual meeting.
Sincerely,
Richard L. Sharp
Chairman of the Board of Directors
May 10, 2007
3. NOTICE OF 2007 ANNUAL MEETING OF SHAREHOLDERS
Meeting Date
and Time: Tuesday, June 26, 2007, at 8:30 a.m., Eastern Daylight Time
Place: The Richmond Marriott West Hotel
4240 Dominion Boulevard
Glen Allen, Virginia 23060
Items of Business: (1) To elect six members of the board of directors.
(2) To ratify the selection of KPMG LLP as our independent
registered public accounting firm.
(3) To approve the CarMax, Inc. Annual Performance-Based
Bonus Plan, as amended and restated.
(4) To transact any other business that may properly come before
the annual meeting or any postponements or adjournments
thereof.
Who May Vote: You may vote if you were a shareholder of record at the close of
business on April 19, 2007.
By order of the board of directors,
Keith D. Browning
Executive Vice President,
Chief Financial Officer and Corporate Secretary
May 10, 2007
6. QUESTIONS AND ANSWERS ABOUT OUR ANNUAL MEETING AND
PROXY STATEMENT
The board of directors of CarMax, Inc. is soliciting April 19, 2007, must be present in person or by proxy.
proxies for the 2007 annual meeting of shareholders. This This is referred to as a quorum. Abstentions and shares
proxy statement, which contains information about the held by banks, brokers or nominees that are voted on any
items that you will vote upon at the annual meeting, is matter are included in determining a quorum.
first being mailed or distributed to holders of CarMax,
Inc. common stock on or about May 10, 2007. A copy of
4. How do I vote before the annual meeting?
our annual report for the fiscal year ended February 28,
2007, is being delivered to you with this proxy statement.
If you are a shareholder of record, meaning that you hold
In this document, “CarMax,” the “company,” “we,”
your shares in certificate form or through an account with
“our,” and “us” refer to CarMax, Inc. and its wholly
our transfer agent, Wells Fargo Bank, N.A., you may vote
owned subsidiaries, unless the context requires otherwise.
in person at the annual meeting or by proxy. You have
three ways to vote by proxy:
1. What am I voting on?
• By Internet: Connect to the Internet at
www.eproxy.com/kmx/ and follow the instructions.
You will be voting on each of the following items of
• By Phone: Call 1-800-560-1965 and follow the
business:
instructions.
• The election of six members of the board of
• By Mail: Complete, sign and date the enclosed proxy
directors.
card and return it in the enclosed envelope.
• The ratification of the selection of KPMG LLP
If you are a beneficial shareholder, meaning that you hold
(“KPMG”) as our independent registered public
your shares through an account with a bank or broker
accounting firm.
(i.e., in “street name”), please follow the instructions
• The approval of the CarMax, Inc. Annual
found on the voting instruction card sent to you by your
Performance-Based Bonus Plan, as amended and
bank or broker. Your bank or broker will vote according
restated (the “Bonus Plan”).
to your instructions. As a beneficial shareholder, you may
vote in person at the annual meeting provided that you
The board of directors recommends that you vote FOR
obtain a legal proxy from your bank or broker and
each of these proposals. You may also be asked to vote
present it to the inspectors of election with your ballot.
on any other business that may properly come before the
annual meeting or any postponements or adjournments
thereof. 5. How will my shares be voted if I sign and
return my proxy card or voting instruction
card, but do not specify how to vote?
2. Who is entitled to vote?
For shareholders of record, proxy cards that are signed
All shareholders who owned CarMax common stock at and returned, but do not specify how to vote will be
the close of business on April 19, 2007, are entitled to voted (1) FOR the election of the six director nominees
vote at the annual meeting. Each share of common stock named in the proxy statement, (2) FOR the ratification of
is entitled to one vote. There were 216,206,559 shares of the selection of KPMG as our independent registered
CarMax common stock outstanding on that date. public accounting firm and (3) FOR the approval of the
Bonus Plan.
3. How many votes must be present to hold For beneficial shareholders, voting instruction cards that
the annual meeting? are signed and returned to the appropriate bank or
broker, but do not specify how to vote may be voted by
the bank or broker (1) FOR the election of the six
In order for us to conduct the annual meeting, a majority
of our outstanding shares of common stock as of director nominees named in the proxy statement,
3
7. 8. How do I vote my shares held as part of
(2) FOR the ratification of the selection of KPMG as our
the company’s employee stock purchase
independent registered public accounting firm and
plan?
(3) FOR the approval of the Bonus Plan.
If you are a participant in the CarMax, Inc. Amended and
6. How will my shares be voted if I do not Restated 2002 Employee Stock Purchase Plan (“ESPP”),
return my proxy card or my voting you will receive a proxy card for use to instruct
instruction card? Computershare Shareholder Services, Inc.
(“Computershare”), the plan service provider, how to
vote. You may vote your ESPP shares:
If you are a shareholder of record and you do not return
your proxy card or otherwise vote by telephone or • By Internet: Connect to the Internet at
Internet, your shares will not be voted, unless you attend www.eproxy.com/kmx/and follow the instructions.
the annual meeting to vote them in person.
• By Phone: Call 1-800-560-1965 and follow the
instructions.
If you are a beneficial shareholder and you do not return
• By Mail: Complete the proxy card provided to you by
your voting instruction card, your bank or broker may
Computershare and return it in the envelope
vote your shares (1) FOR the election of the six director
provided.
nominees named in the proxy statement and (2) FOR the
ratification of the selection of KPMG as our independent
Complete instructions can be found on the proxy card
registered public accounting firm, because these
sent to ESPP participants with the proxy statement.
proposals are routine matters as described by the rules of
Computershare will vote according to your instructions.
the New York Stock Exchange (“NYSE”). However,
your bank or broker cannot vote your shares with respect
9. How will my ESPP shares be voted if I sign
to the approval of the Bonus Plan because this proposal is
and return my proxy card to Computershare,
not considered a routine matter under NYSE rules.
but do not specify how to vote?
7. What if I change my mind after I vote? If you are an ESPP participant and you sign and return
your proxy card to Computershare, but do not specify
how to vote, Computershare may vote your shares
If you are a shareholder of record, you may revoke your
(1) FOR the election of the six director nominees named
proxy at any time before the close of voting at the annual
in the proxy statement, (2) FOR the ratification of the
meeting. There are four ways to revoke your proxy:
selection of KPMG as our independent registered public
• By Internet: Connect to the Internet at
accounting firm and (3) FOR the approval of the Bonus
www.eproxy.com/kmx/ and follow the instructions
Plan.
for revoking a proxy.
• By Phone: Call 1-800-560-1965 and follow the 10. How will my ESPP shares be voted if I do
instructions for revoking a proxy. not return my proxy card to Computershare?
• By Mail: Write to our corporate secretary at CarMax,
If you are an ESPP participant and you do not return
Inc., 12800 Tuckahoe Creek Parkway, Richmond,
your proxy card to Computershare, Computershare will
Virginia 23238.
not vote any of your shares.
• In Person: Vote your shares in person at the annual
meeting.
11. How many votes are needed to approve
each of the three proposals?
If you are a beneficial shareholder, you must follow the
instructions found on your voting instruction card or
The six nominees receiving the highest number of FOR
contact your bank or broker in order to revoke your
votes will be elected directors. Votes that are withheld
proxy.
4
8. QUESTIONS AND ANSWERS ABOUT OUR ANNUAL MEETING AND
PROXY STATEMENT CONTINUED
and shares that are not voted in the election of directors currently receive multiple copies of our notice of annual
will have no effect on the election of directors. meeting, proxy statement and annual report, or if you
hold stock in more than one account, and, in either case,
The ratification of the selection of KPMG as our you wish to receive only a single copy of each of these
independent registered public accounting firm must be documents for your household, please contact Wells
approved by the affirmative vote of a majority of the Fargo as indicated above.
votes cast. Abstentions and shares held in street name
that are not voted on the proposal will not be counted in Beneficial shareholders may request information
determining the number of votes cast for this proposal. regarding householding from their banks, brokers or
other holders of record.
In order to be adopted, the approval of the Bonus Plan
must be approved by the affirmative vote of a majority of
13. Who can attend the annual meeting?
the votes cast. Under applicable NYSE listing standards,
the total votes cast on the proposal must also represent
more than 50% of all shares of common stock entitled to The annual meeting is open to all holders of CarMax
vote on the proposal. Shareholders may direct that their common stock as of April 19, 2007. Shareholders who
votes be cast for or against the proposal, or shareholders plan to attend the annual meeting may be asked to
may abstain from voting on this proposal. Abstentions present a valid picture identification, such as a driver’s
will have the same effect as votes cast against the license or passport. If you are a beneficial shareholder,
proposal under applicable NYSE listing standards. Shares you must bring a copy of a brokerage statement indicating
held in street name that are not voted on this proposal are ownership of CarMax shares as of April 19, 2007. If you
not considered votes cast. are an authorized proxy or if you want to vote in person
the shares that you hold in street name, you must present
the proper documentation. Cameras, recording devices
12. What is householding and how does it
and other electronic devices will not be permitted at the
affect me?
annual meeting.
We have adopted a procedure approved by the Securities
14. Who pays the cost of proxy solicitation?
and Exchange Commission (the “SEC”) called
“householding.” Under this procedure, shareholders of
record who have the same address and last name will
We pay the cost of soliciting proxies. We will solicit
receive only one copy of our notice of annual meeting,
proxies from our shareholders, and some of our
proxy statement and annual report, unless one or more of
employees or agents may contact shareholders after the
these shareholders notifies us that they wish to continue
initial mail solicitation by telephone, by email or in
receiving individual copies. This procedure reduces our
person. We have retained Morrow & Co., Inc. of New
printing costs and postage fees. Shareholders who
York, New York, to distribute and solicit proxies for a fee
participate in householding will continue to receive
of $7,500 plus reasonable expenses. We also will
separate proxy cards.
reimburse banks, brokerage firms and other custodians,
nominees and fiduciaries for their reasonable expenses in
If you do not wish to continue participating in
sending proxy materials to the beneficial owners of our
householding and prefer to receive multiple copies of the
common stock.
2007 or future notices of annual meeting, proxy
statements and annual reports, please contact our transfer
agent, Wells Fargo Bank, N.A. (in writing: 161 North
15. Who will count the votes?
Concord Exchange, South St. Paul, Minnesota 55075; or
by phone: (800) 468-9716).
Representatives from Wells Fargo Bank, N.A., our
transfer agent, will tabulate the votes and act as inspectors
If you are eligible for householding, but you and other
of election at the annual meeting.
shareholders of record with whom you share an address
5
9. 16. Could other matters be decided at the • A representation that you are a shareholder of record
annual meeting? at the time of the giving of notice and you intend to
appear in person or by proxy at the annual meeting to
present the business specified in the notice.
Management and our board of directors are not aware of
any matters that may come before the annual meeting • The class and number of shares of company stock
other than matters disclosed in this proxy statement. that you own.
However, if other matters do properly come before the
• Any interest that you may have in the business
annual meeting, the persons named on the proxy card or
specified in the notice.
voting instruction card will vote in accordance with their
best judgment.
If we do not receive proper notice prior to March 1, 2008,
the chairman of the annual meeting may exclude the
matter and it will not be acted upon at the 2008 annual
17. How do I make a shareholder proposal
meeting. If the chairman does not exclude the matter, the
for the 2008 annual meeting?
proxies may vote in the manner they believe is
appropriate, if permitted by SEC rules.
Pursuant to applicable SEC rules, for a shareholder
proposal to be considered for possible inclusion in the
18. What effect will the company’s recent
2008 proxy statement, the corporate secretary of CarMax
stock split have on my voting rights?
must receive the proposal in writing no later than
January 10, 2008. CarMax plans to hold its 2008 annual
meeting on or about June 24, 2008.
We recently completed a 2-for-1 stock split of our
common stock in the form of a share dividend. For every
Pursuant to our Bylaws, if you wish to bring any matter,
one share of our common stock that you owned as of
other than nominations of director candidates (the
March 19, 2007, you were given one additional share of
process for shareholder nomination of directors is
our common stock on March 26, 2007. All shares owned
described on page 14), before the 2008 annual meeting
by you as of April 19, 2007, may be voted at the annual
outside of the proxy statement process, you must notify
meeting, regardless of whether the shares were owned
our corporate secretary in writing at CarMax, Inc., 12800
prior to or acquired as a result of the stock split.
Tuckahoe Creek Parkway, Richmond, Virginia 23238, no
earlier than February 1, 2008, and prior to March 1, 2008.
Regarding each matter, your notice must contain: 19. What effect does the stock split have on
the disclosure contained in this proxy
• A brief description of the business to be brought
statement?
before the annual meeting, including the complete
text of any resolutions to be presented and the
reasons for conducting this business at the annual All common stock and applicable share and per share
meeting. amounts in this proxy statement have been adjusted to
reflect the 2-for-1 stock split.
• Your name and address.
6
10. PROPOSAL ONE — ELECTION OF DIRECTORS
Our board of directors is divided into three classes with The board chose to nominate Messrs. Folliard and Grubb
staggered three-year terms. Subsequent to the 2006 for one-year terms in order to rebalance the number of
annual meeting, Austin Ligon, our former president and directors in each class. During the past year, the class
chief executive officer (“CEO”) retired from our board, sizes became disproportionate as a result of Mr. Ligon’s
and first-time nominees Thomas J. Folliard and Edgar H. and Mr. Sharp’s respective retirements and the election of
Grubb were elected to the board on June 21, 2006, and our new directors. Following this year’s election, if each
January 22, 2007, respectively. Richard L. Sharp, the of the director nominees are elected for the
current Chairman of our board, is retiring from our board recommended terms, the number of directors standing
and will not stand for re-election. William R. Tiefel has for election in future years will be equal.
been elected by the board to succeed Mr. Sharp as
Your proxy will be voted to elect each of the nominees
Chairman.
unless you tell us otherwise. If any nominee is not
The following individuals have been nominated for
available to serve—for reasons such as death or
election to the board at the 2007 annual meeting:
disability—your proxy will be voted for a substitute
• Nominated for one-year terms expiring at the 2008
nominee if the board nominates one. Each nominee has
annual meeting:
consented to being named in this proxy statement and to
• Thomas J. Folliard. serve if elected.
• Edgar H. Grubb.
• Nominated for three-year terms expiring at the 2010 The board of directors recommends a vote FOR each of
annual meeting: the nominees listed below. Information about the
nominees and the other directors of the company whose
• Keith D. Browning.
terms of office do not expire this year follows.
• James F. Clingman, Jr.
• Hugh G. Robinson.
• Thomas G. Stemberg.
Nominees for Election at the 2007 Annual Meeting for Terms Expiring at the 2008 Annual Meeting
THOMAS J. FOLLIARD, 42. Director since June 21, 2006.
President and Chief Executive Officer of CarMax. He joined CarMax in 1993 as senior buyer and
became director of purchasing in 1994. Mr. Folliard was promoted to vice president of
merchandising in 1996, senior vice president of store operations in July 2000, executive vice
president of store operations in April 2001 and president and CEO in June 2006.
EDGAR H. GRUBB, 67. Director since January 22, 2007.
Retired Executive Vice President and Chief Financial Officer of Transamerica Corporation, a
leading insurance and financial services company. He joined Transamerica in 1989, became chief
financial officer in 1993 and retired in 1999. From 1986 to 1989, he was the senior vice president
and chief financial officer of Lucky Stores, Inc. Mr. Grubb is a director of the California State
Automobile Association (the “CSAA”), the CSAA Insurance Bureau, and ACA, Inc., which is a
partnership of the Northern California, Arizona, Oklahoma and Mountain West AAA clubs.
7
11. Nominees for Election at the 2007 Annual Meeting for Terms Expiring at the 2010 Annual Meeting
KEITH D. BROWNING, 54. Director since 1997.
Executive Vice President, Chief Financial Officer and Corporate Secretary of CarMax. He joined
CarMax in 1996 after spending 14 years at Circuit City Stores, Inc. While at Circuit City, he served
as controller for the West Coast Division from 1984 to 1987, assistant controller from 1987 to
1990, corporate controller from 1990 to 1996 and vice president from 1992 to 1996.
JAMES F. CLINGMAN, JR., 70. Director since 2003.
Retired President and Chief Operating Officer of the H.E. Butt Grocery Company, an
independently owned food retailer. He joined H.E. Butt Grocery Company in 1975, was named
chief operating officer in 1984 and president in 1995 and retired in 2003. Mr. Clingman is a director
of H.E. Butt Grocery Company, Van de Walle Food Manufacturing Company, Ecce Panis and
Valero GP, LLC.
MAJOR GENERAL HUGH G. ROBINSON, (U.S.A., Ret.), 74. Director since 2002.
Chief Executive Officer of Global Building Systems, Inc., a firm that develops and constructs low-
and moderate-income residential housing. From 2003 to 2005, he was the chairman and chief
executive officer of Granville Construction & Development Co., Inc., a housing development and
construction firm. From 1989 to 2003, he was chairman and chief executive officer of the Tetra
Group, a construction management and building services firm. He also is a former chairman and
board member of the Federal Reserve Bank of Dallas. He is a retired Major General from the
United States Army. He is a director of Newmarket Technology, Inc. and an advisory board
member of TXU Corp.
THOMAS G. STEMBERG, 58. Director since 2003.
Managing General Partner of the Highland Consumer Fund at Highland Capital Partners, a venture
capital firm. From 2005 to 2007, he acted as the Venture Partner of Highland Capital Partners. Mr.
Stemberg is the founder and Chairman Emeritus of the Board of Staples, Inc., an office supply
superstore retailer. He pioneered the office superstore industry and was chief executive officer of
Staples, Inc. from 1986 to 2002. From 2002 to 2004, Mr. Stemberg served as an executive officer at
Staples, Inc. with the title of Chairman. Mr. Stemberg is a director of PETsMART, Inc., luluemon
athletica, Polycom, Inc. and The NASDAQ Stock Market, Inc.
8
12. PROPOSAL ONE — ELECTION OF DIRECTORS CONTINUED
Directors Whose Terms Expire at the 2008 Annual Meeting
W. ROBERT GRAFTON, 66. Director since 2003.
Retired Managing Partner-Chief Executive, Andersen Worldwide S.C. Andersen Worldwide
provided global professional auditing and consulting services through its two service entities, Arthur
Andersen and Andersen Consulting. He is a certified public accountant and joined Arthur Andersen
in 1963. He was elected a member of the Board of Partners, Andersen Worldwide in 1991 and
chairman of the Board of Partners in 1994. He served as Managing Partner-Chief Executive from
1997 through 2000. Mr. Grafton is currently lead director of DiamondRock Hospitality Company.
WILLIAM S. KELLOGG, 63. Director since 2003.
Retired Chairman and Chief Executive Officer of Kohl’s Corporation, a national chain of apparel
and home products department stores. From 1978 to 2003, Kohl’s business expanded from five
stores in the Milwaukee area to almost 500 stores nationwide through organic growth and
acquisitions of other retailers. Mr. Kellogg joined Kohl’s in 1967, was chief executive officer from
1978 to 2001 and was chairman of the board from 1978 to 2003.
Directors Whose Terms Expire at the 2009 Annual Meeting
JEFFREY E. GARTEN, 60. Director since 2002.
Juan Trippe Professor in the Practice of International Trade, Finance and Business at the Yale
School of Management since July 2005 and Chairman of Garten Rothkopf, an international
consulting firm, since October 2005. He was the Dean of the Yale School of Management from
1995 to 2005. He was the United States Undersecretary of Commerce for International Trade from
1993 to 1995 and previously spent 13 years in investment banking with Lehman Brothers and
Blackstone Group. He is a director of Aetna Corporation, Alcan, Inc., Credit Suisse Asset
Management, the Conference Board and the International Rescue Committee.
VIVIAN M. STEPHENSON, 70. Director since 2006.
Retired Chief Operating Officer of Williams-Sonoma, Inc., a specialty retailer of products for the home,
since 2006. She was named the chief operating officer of Williams-Sonoma in 2003. From 2000 to 2003,
she served as a consultant to Apple Computer and Williams-Sonoma. She was the chief information
officer for Target Corporation from 1995 to 2000. She is the chair of the Mills College board of trustees
and is the vice chair of the California State Automobile Association board of directors.
BETH A. STEWART, 50. Director since 2002.
Chairman since 1999 and Chief Executive Officer since 2001 of Storetrax.com, an Internet retail
real estate listing service company. Since 1992, she has served as president of Stewart Real Estate
Capital, a real estate investment company. She was an adjunct professor at Columbia University
Graduate School of Business from 1994 to 1996. She previously spent 12 years in investment
banking with Goldman, Sachs & Co. She is a director of General Growth Properties, Inc. and
Avatar Holdings, Inc.
WILLIAM R. TIEFEL, 73. Director since 2002.
Chairman-Elect of the Board of CarMax. Retired Vice-Chairman of Marriott International, Inc. and
Chairman Emeritus of The Ritz-Carlton Hotel Company, L.L.C. since 2002. He joined Marriott
Corporation in 1961. He was named president of Marriott Hotels and Resorts in 1989, president of
Marriott Lodging in 1993 and vice-chairman of Marriott International and chairman of The Ritz-Carlton
Hotel Company in 1998. He is a director of Bulgari Hotels and Resorts and Lydian Private Bank.
9
13. CORPORATE GOVERNANCE
Our business and affairs are managed under the direction and Personnel Committee and Nominating and
of the board of directors in accordance with the Virginia Governance Committee are also available on the
Stock Corporation Act and our Articles of Incorporation “Corporate Governance” link of our investor information
and Bylaws. The committees of the board of directors are home page at investor.carmax.com. A printed copy of
the Audit Committee, the Compensation and Personnel these documents is available to any shareholder without
Committee, the Nominating and Governance Committee charge upon written request to our corporate secretary at
and the Executive Committee. Additionally, in October CarMax, Inc., 12800 Tuckahoe Creek Parkway,
2005, the board formed an ad hoc Executive Search Richmond, Virginia 23238.
Committee to find Mr. Ligon’s successor as president and
CEO of the company. Effective May 23, 2006, the
Executive Search Committee was dissolved upon the Director Independence
selection of Mr. Folliard as Mr. Ligon’s successor.
As part of our corporate governance guidelines, the board
has adopted categorical standards, which meet or exceed
Corporate Governance Policies and Practices
the independence standards established by the NYSE, to
assist the board in evaluating the independence of each
The board of directors is actively involved in shaping our director and determining whether relationships between
corporate governance. As a result, the board regularly directors and the company or its subsidiaries (either
monitors and reviews the reforms initiated by the directly or as a partner, shareholder or officer of an
Sarbanes-Oxley Act of 2002 and the related rules and organization that has a relationship with the company) are
regulations proposed and adopted by the SEC and the material. For purposes of these standards, the term
NYSE. In response to the various laws, rules and “immediate family member” includes a person’s spouse,
regulations applicable to the company, and its own views parents, children, siblings, mothers- and fathers-in-law,
on corporate governance, the board has adopted sons- and daughters-in-law, brothers- and sisters-in-law
corporate governance guidelines and a code of conduct and anyone (other than domestic employees) who shares
applicable to all company personnel, including members the person’s home. The categorical standards are listed
of the board. below:
The corporate governance guidelines set forth the 1. A director who is an employee or whose immediate
practices of the board with respect to its responsibilities, family member is an executive officer of the
qualifications, performance, access to management and company is not independent until three years after
independent advisors, compensation (including director the end of the employment relationship.
stock ownership guidelines), orientation and continuing
education and management evaluation and succession. 2. A director who receives, or whose immediate family
member receives, more than $100,000 per fiscal year
The code of conduct contains provisions relating to in direct compensation from the company, other
honest and ethical behavior, including the handling of than the normal compensation and benefits for
conflicts of interest between personal and professional service as a director (provided this compensation is
relationships, corporate opportunities, the handling of not contingent in any way on continued service), is
confidential information, fair dealing, protection and not independent until three years after ceasing to
proper use of company assets, compliance with laws and receive more than $100,000 in compensation.
other matters. Any amendment to or waiver from a Compensation received by an immediate family
provision of the code of conduct will be promptly member for service as a non-executive employee of
disclosed on the “Corporate Governance” link of our the company is not considered in determining
investor information home page at investor.carmax.com. independence under this test.
The corporate governance guidelines, code of conduct 3. A director who is affiliated with or employed by, or
and the charters of the Audit Committee, Compensation whose immediate family member is affiliated with or
10
14. CORPORATE GOVERNANCE CONTINUED
employed in a professional capacity by, present or William R. Tiefel. The board determined that Thomas J.
former internal or external auditors of the company Folliard and Keith D. Browning did not qualify as
is not independent until three years after the end of independent directors because they are executive officers
either the affiliation or the auditing relationship. of the company. The board also determined that Richard
L. Sharp did not qualify as an independent director due to
4. A director who is employed, or whose immediate administrative support services provided by the company
family member is employed, as an executive officer to Mr. Sharp. These services are quantified on page 36 in
of another company where any of our present the Non-Employee Director Compensation in Fiscal
executives serve on that company’s compensation 2007 table.
committee is not independent until three years after
the end of the service or the employment
Executive Sessions
relationship.
5. A director who is an executive officer or an Our corporate governance guidelines provide that
employee, or whose immediate family member is an executive sessions, where non-executive directors meet
executive officer, of another company that makes on an informal basis, are to be held at each regularly
payments to, or receives payments from, us for scheduled board meeting and that non-executive directors
property or services in an amount which in any may designate, on an annual basis, a director to preside at
single fiscal year exceeds the greater of $1 million or these sessions. Our non-executive directors met at each
2% of the other company’s consolidated gross of our regularly scheduled board meetings in fiscal 2007.
revenues, is not independent until three years after In May 2006, the board appointed Mr. Tiefel as its lead
falling below this threshold. director and designated him to serve as presiding director
for executive sessions. In June 2006, the board adopted a
6. A director who serves as an executive officer of a
Lead Independent Director Charter, which delineates the
charitable organization that receives contributions
role, duties and responsibilities of the company’s lead
from us in any single fiscal year in excess of the
independent director. This charter is available under the
greater of $1 million or 2% of the charitable
“Corporate Governance” link of our investor information
organization’s consolidated gross revenues is not
home page at investor.carmax.com.
independent until three years after falling below this
threshold.
Board and Committee Meeting Attendance;
In its annual review of director independence, the board Committee Membership
of directors, with the assistance of the Nominating and
Governance Committee, evaluated the applicable
The board of directors met five times in fiscal 2007. Each
commercial, industrial, banking, consulting, legal,
director attended 75% or more of the total number of
accounting, charitable, familial and other relationships of
meetings of the board and of the standing committees on
each director and their respective immediate family
which he or she served. We require that members of the
members with CarMax and its subsidiaries. In April 2007,
board of directors attend our annual meeting of
the board of directors affirmatively determined, in its
shareholders. All of the directors who were serving on
business judgment, that the following directors satisfy
our board at the time attended the 2006 annual meeting
both our independence guidelines and the NYSE
of shareholders, with one director attending via
independence standards: James F. Clingman, Jr.,
teleconference.
Jeffrey E. Garten, W. Robert Grafton, Edgar H. Grubb,
William S. Kellogg, Hugh G. Robinson, Thomas G.
Stemberg, Vivian M. Stephenson, Beth A. Stewart and
11
15. The table below provides, for fiscal 2007, membership information and the number of meetings held by the board of
directors and each of the board’s committees. The numbers in each column indicate the number of meetings each
director attended within each category.
Compensation Nominating Executive
Director Board Audit and Personnel and Governance Search Executive
Mr. Browning 5 – – – – 1
Mr. Clingman 4 12 – – – –
2(a) –(a)
Mr. Folliard – – – –
Mr. Garten 4 – – 5 2 –
13*
Mr. Grafton 5 – – 1 –
–(b) –(b)
Mr. Grubb – – – –
Mr. Kellogg 5 – 6 – 2 –
3(c)
Mr. Ligon – – – – 1
6*
Mr. Robinson 5 – – – –
4*
Mr. Sharp – – – 2 –
3(d) 4(d)
Ms. Stephenson – – – –
Mr. Stemberg 5 – 6 – 2 –
Ms. Stewart 5 13 – – – –
5* 2*
Mr. Tiefel 5 – – –
1(e)
5 13 6 5 2
Number of Meetings
* Chairman
(a) Mr. Folliard was elected to the board of directors on June 21, 2006, and he attended the two board meetings since
that date. The Executive Committee did not meet in fiscal 2007 following Mr. Folliard’s election.
(b) Mr. Grubb was elected to the board of directors and the Audit Committee on January 22, 2007. No board or
Audit Committee meetings were held in fiscal 2007 after that date.
(c) Mr. Ligon retired from the board of directors effective June 20, 2006, and he attended the three board meetings
held on and prior to that date.
(d) Ms. Stephenson was elected to the board of directors on April 24, 2006, and to the Nominating and Governance
Committee on April 25, 2006. She attended three of four board meetings and all four Nominating and Governance
Committee meetings held since her respective election dates.
(e) In fiscal 2007, the Executive Committee acted by unanimous written consent three times.
Committees of the Board Audit Committee also pre-approves all non-audit
engagements of the independent auditors. Each member
of the Audit Committee is independent and financially
Audit Committee literate, with Messrs. Grafton and Grubb considered audit
The Audit Committee operates under a written charter committee financial experts, in accordance with the
adopted by the board. This charter sets forth the applicable rules of the NYSE, the SEC and our corporate
requirements for membership and the committee’s governance guidelines. The committee’s report to
authority, duties and responsibilities. The Audit Committee shareholders can be found on page 44.
assists in the board’s oversight of (1) the integrity of our
consolidated financial statements, (2) our compliance with
Compensation and Personnel Committee
legal and regulatory requirements, (3) the independent
auditors’ qualifications and independence and (4) the The Compensation and Personnel Committee operates
performance of our internal audit function and the under a written charter adopted by the board. This
independent auditors. The Audit Committee retains, and charter sets forth the requirements for membership and
approves all fees paid to, the independent auditors. The the committee’s authority, duties and responsibilities. The
12
16. CORPORATE GOVERNANCE CONTINUED
Nominating and Governance Committee
Compensation and Personnel Committee has certain
Process for Identifying Director Nominees
authority as delegated by the board of directors with
respect to the compensation of our directors and officers,
including approving and evaluating certain of our director Candidates for election to our board of directors are
and officer cash and equity compensation plans, policies considered in response to filling a vacancy on the board
and programs. Each member of the Compensation and or if the board determines that it would be beneficial to
Personnel Committee is independent in accordance with add an individual with specific skills or expertise. In
the applicable rules of the NYSE and our corporate identifying potential candidates for nomination to the
governance guidelines. The committee’s report to board, the committee may consider input from several
shareholders can be found on page 23. sources, including members of the Nominating and
Governance Committee, other board members, the CEO,
outside search firms and shareholder recommendations.
Nominating and Governance Committee
Mr. Grubb, who is standing for election to the board of
The Nominating and Governance Committee operates
directors for the first time, was recommended to the
under a written charter adopted by the board. This
Nominating and Governance Committee by our director,
charter sets forth the requirements for membership and
Ms. Stephenson. Mr. Folliard, who is also standing for
the committee’s authority, duties and responsibilities. The
election to the board of directors for the first time, was
Nominating and Governance Committee (1) identifies
identified as a director candidate by the Nominating and
individuals qualified to become members of the board,
Governance Committee and the board of directors upon
(2) recommends to the board nominees for director to be
the selection of Mr. Folliard as Mr. Ligon’s successor.
presented at the annual meetings of shareholders and
Nominee candidates are evaluated in the same manner
nominees to fill vacancies on the board, (3) leads the
regardless of the source of the recommendation. The
board in the oversight of management succession
Nominating and Governance Committee will conduct an
planning, including succession planning for the CEO,
initial evaluation of each candidate. If suitable, the
(4) develops and recommends to the board our corporate
candidate will be interviewed by the committee and may
governance guidelines and (5) considers director
also meet with the board and company management. If
nominees submitted by shareholders in accordance with
the committee determines a nominee would be a valuable
the procedures outlined on pages 13 and 14. Each
addition to the board, it will make a recommendation to
member of the Nominating and Governance Committee
the full board.
is independent in accordance with the applicable rules of
the NYSE and our corporate governance guidelines.
Nominating and Governance Committee
Criteria for Selection of Directors
Executive Search Committee
In October 2005, Mr. Ligon announced his intention to
retire as president and CEO of the company during fiscal The board and the Nominating and Governance
2007 upon the naming of his successor. Immediately Committee believe that the board should be comprised of
following this announcement, the board established an ad directors with varied, complementary backgrounds and
hoc Executive Search Committee to find Mr. Ligon’s that directors should have, at a minimum, business or
successor. The board dissolved the Executive Search other relevant expertise that may be useful to the
Committee in May 2006 upon the selection of company. The board and Nominating and Governance
Mr. Folliard as Mr. Ligon’s successor. Committee also believe that directors should possess the
highest personal and professional ethics and should be
willing and able to devote the requisite amount of time to
Executive Committee
company business.
The Executive Committee, subject to any limitation
under applicable law, our Bylaws or resolutions of the
When considering nominees for director, the Nominating
board, has the authority to exercise certain powers of the
and Governance Committee takes into account a number
full board of directors. This committee may meet
of factors, including:
between regular board meetings if certain actions are
required. • Size of the existing board.
13
17. • Character, judgment, skill, education, relevant • A statement that the shareholder is a holder of record
business experience, integrity, reputation and other entitled to vote at such meeting.
personal attributes or special talents.
• A statement that the shareholder intends to appear in
• Independence from management, extent of existing person or by proxy at the meeting to nominate the
commitments to other businesses and potential person specified in the notice.
conflicts of interest with other pursuits.
• A description of all arrangements or understandings
• Financial and accounting background, to enable the between the shareholder and each nominee and any
committee to determine whether the nominee would other person concerning the nomination.
be considered an “audit committee financial expert”
• Other information about the nominee that would be
or “financially literate” under the applicable rules of
included in a proxy statement soliciting proxies for
the NYSE and the SEC.
the election of directors.
• Whether the potential nominee is subject to a
• The consent of each nominee to serve as a director of
disqualifying factor as described in our corporate
the company if so elected.
governance guidelines.
These requirements are more fully described in
Section 2.3 of our Bylaws, a copy of which will be
Process for Shareholder Nomination of
provided without charge to any shareholder upon written
Directors
request to our corporate secretary.
The Nominating and Governance Committee will
Process for Shareholder or Interested Party
consider nominees for director suggested by shareholders
Communication with Directors
using the previously described factors and considering the
additional information referred to below. Under our
Bylaws, a shareholder wishing to nominate a director at a Any shareholder or other interested party wishing to
shareholders’ meeting must deliver written notice to our contact the board of directors or any individual director
corporate secretary of the intention to make such a may write to William R. Tiefel, chairman-elect of the
nomination. The notice must be received no later than board, with a courtesy copy to Keith D. Browning,
(a) 120 days in advance of an annual meeting of corporate secretary, at CarMax, Inc., 12800 Tuckahoe
shareholders or (b) the close of business on the seventh Creek Parkway, Richmond, Virginia 23238. Shareholders
day following the date on which notice of a special and other interested parties may also contact Mr. Tiefel
meeting for the election of directors is first given to and Mr. Browning via email at chairman@carmax.com.
shareholders.
At the direction of the board of directors, each
A shareholder’s notice of a proposed director nominee communication will be screened by Mr. Tiefel and
should be sent to our corporate secretary at CarMax, Inc., Mr. Browning. After screening, if appropriate, the
12800 Tuckahoe Creek Parkway, Richmond, Virginia communication will be forwarded, if addressed to an
23238, and must include: individual director, to that director. If the communication
is unrelated to a shareholder issue, it will be forwarded to
• The shareholder’s name and address.
the appropriate department within the company for
• The nominee’s name and address.
further handling.
14
18. COMPENSATION DISCUSSION AND ANALYSIS
Introduction committee in January 2006. The presentation included a
comparison of our executive compensation program with
programs used by a peer group of companies as well as a
Our Compensation and Personnel Committee, at the
discussion of broader market compensation trends.
direction of the board of directors, oversees all of our
executive and director compensation plans, policies and The committee believes that input from both
programs. As part of this oversight function, the management and its independent consultant provides
committee reviews and determines all named executive useful information and perspective to assist it in
officer compensation, whether short- or long-term, or determining its own views on executive compensation.
cash- or equity-based. The committee’s duties include the The committee makes all final decisions as to the design
following: and compensation levels for our named executive
officers.
• Annually, review and approve goals and objectives
relevant to the compensation of our CEO, evaluate
his performance in light of those goals and
Philosophy and Objectives
objectives, and recommend to the independent
members of the board his appropriate compensation
The committee oversees an executive compensation
level based on that evaluation.
program that is designed to reflect CarMax’s
• Annually review the job objectives and job
pay-for-performance philosophy and that supports and
performance of our executive officers.
reinforces our key operating and strategic objectives. The
committee has established the following objectives for
• Review and approve salaries, short- and long-term
our executive compensation program:
incentives and other benefits and perquisites for our
CEO and other executive officers. • To align the interests of executive officers with the
financial interests of our shareholders.
• Review and approve the terms of any severance,
change in control or employment agreements with • To encourage the achievement of our key strategic,
our officers or other key employees. operational and financial goals.
• Review and make recommendations to the board • To link incentive compensation to company and
with respect to incentive compensation plans and stock price performance, which the committee
equity-based compensation plans. believes promotes a unified vision for senior
management and creates common motivation among
• Periodically review competitive market analyses of
our executives.
our executive compensation program, design
alternatives and significant new trends and issues. • To attract, retain and motivate top quality executives
with the qualifications necessary to drive our long-
• Administer all short- and long-term incentive
term financial success.
compensation plans and all equity-based plans.
• To give the committee the flexibility to respond to
• Review the impact of tax, accounting and regulatory
the continually changing environment in which we
requirements on executive compensation.
operate.
• Review and discuss our Compensation Discussion
and Analysis and provide the required committee The key elements of direct compensation for our named
report for our proxy statement. executive officers are base salary, cash awards under an
annual incentive plan, and long-term incentive awards,
The committee has retained the services of Hay Group, currently consisting solely of stock options. Named
an independent compensation consultant, in order to executive officers also are eligible for other elements of
obtain access to independent compensation data, analysis indirect compensation, including certain health and
and advice. Hay Group was initially engaged by the welfare programs, perquisites and retirement benefits.
committee in November 2005 and presented a The committee considers all elements when evaluating
comprehensive executive compensation review to the our executive compensation program.
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19. Fiscal 2007 Named Executive Officers
Based on these objectives, the committee strives to set
total compensation, including incentive compensation,
that is competitive with compensation paid to similarly
situated executives at comparable retailers. Actual The following individuals were our named executive
compensation may be above or below the target levels officers for fiscal 2007:
based on our actual financial performance and changes in
our stock price. This approach is intended to ensure that
Name Title
a significant portion of executive compensation is
Thomas J. Folliard President and Chief Executive
dependent upon our financial and strategic performance.
Officer
In making its decisions on an individual’s compensation,
Keith D. Browning Executive Vice President and
the committee considers the nature and scope of all
Chief Financial Officer
elements of an executive’s total compensation package,
Michael K. Dolan Executive Vice President and
the executive’s responsibilities and his or her effectiveness
Chief Administrative Officer
in supporting our key strategic, operational and financial
Joseph S. Kunkel Senior Vice President,
goals. The committee also considers recommendations
Marketing and Strategy
from its independent compensation consultant, and from
Richard M. Smith Senior Vice President and Chief
our CEO regarding total compensation for all other
Information Officer
executive officers.
In addition to aligning overall compensation
Our 2007 proxy statement also contains compensation
opportunities with our objectives and the competitive
information regarding Austin Ligon, our former president
market, the committee also strives to align the relative
and CEO. On May 23, 2006, the board of directors
proportion of each element of total compensation with
appointed Mr. Folliard, who had previously served as our
our objectives and the competitive market. Generally, as
Executive Vice President, Store Operations, as
employees assume higher levels of responsibility and have
Mr. Ligon’s successor. This change became effective on
a greater ability to influence our results, the percentage of
June 21, 2006. In accordance with the terms of his
their total compensation linked to performance increases.
employment agreement, Mr. Ligon’s retirement became
The committee seeks to strike the appropriate balance
final on August 22, 2006.
between annual and long-term incentives, and it may
adjust the allocation of pay to best support our objectives.
Upon his retirement, we executed a two-year consulting
We compete within a unique auto retailing market
agreement with Mr. Ligon. In consideration for up to 20
segment and have few similar competitors. Therefore, we
hours per month of Mr. Ligon’s consulting services, we
compare our compensation plan data to competitive
agreed to pay him $10,000 per month for a period of two
market data from a broad group of retail companies that
years. We entered into the consulting agreement to ensure
fall within a reasonable range (both above and below
that Mr. Ligon would be available to provide transition
CarMax) of comparative factors such as revenue, market
services, if necessary, to our incoming CEO. Because
capitalization, net income and return on invested capital.
these consulting services were not required, the parties
This competitive market data provides a frame of
mutually agreed to terminate the consulting agreement as
reference for the committee when evaluating executive
of February 28, 2007.
compensation. The composition of this group of
companies may vary somewhat from year to year as
changes occur at the companies comprising the group. On November 30, 2006, we promoted Mr. Dolan from
Senior Vice President and Chief Information Officer to
Executive Vice President and Chief Administrative
Officer. In conjunction with that promotion, we also
promoted Mr. Smith from Vice President, Management
Information Systems to Senior Vice President and Chief
Information Officer.
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