The terms of three incumbent directors, John P. D. Cato
, Thomas E. Meckley and Bailey W. Patrick, expire at this year’s Annual Meeting.
It is the intention of the persons named in the proxy to vote for John P. D. Cato
, Thomas E. Meckley and Bailey W. Patrick to serve until the 2018 Annual Meeting and until their successors are elected and qualified, except to the extent authority to so vote is withheld with respect to one or more nominees.
John P. D. Cato, 64, has been employed as an officer of the Company since 1981 and has been a director of the Company since 1986.
Since January 2004, he has served as Chairman, President and Chief Executive Officer.
From May 1999 to January 2004, he served as President, Vice Chairman of the Board and Chief Executive Officer.
From June 1997 to May 1999, he served as President, Vice Chairman of the Board and Chief Operating Officer.
From August 1996 to June 1997, he served as Vice Chairman of the Board and Chief Operating Officer.
From 1989 to 1996, he managed the Company’s off-price concept, serving as Executive Vice President and as President and General Manager of the It’s Fashion! concept from 1993 to August 1996.
Mr. Cato previously served as a director of Harris Teeter Supermarkets, Inc., formerly Ruddick Corporation.
The Board concluded that Mr. Cato is qualified to serve as a Board member based on his knowledge of all aspects of the Company’s business and his substantial experience on and contributions to the Company’s Board, among other skills and attributes.