matson, inc. form def 14a - Shareholder.com

Committee recommends that shareholders vote in favor of ratifying such appointment. Deloitte & Touche LLP and its predecessors have served A&B as such since 1957.
Representatives of Deloitte & Touche LLP are expected to be present at the Annual Meeting, where they will have the opportunity to make a statement if they desire to do so and will be
available to respond to appropriate questions from shareholders.
For the years ended December 31, 2009 and 2008, professional services were performed by Deloitte & Touche LLP (including consolidated affiliates) as follows:
Audit Fees. The aggregate fees billed for the audit of the Company’s annual financial statements, including Sarbanes-Oxley Section 404 attestation-related work, for the fiscal years
ended December 31, 2009 and 2008 and for the reviews of the financial statements included in the Company’s Quarterly Reports on Form 10-Q were approximately $1,556,000 and $1,605,000,
respectively.
Audit-Related Fees. The aggregate fees billed for Audit-Related services for the fiscal years ended December 31, 2009 and 2008 were approximately $112,000 and $126,000,
respectively. The fees related to audits of employee benefit plans for the fiscal years ended December 31, 2009 and 2008.
Tax Fees. The aggregate fees billed for tax services for the fiscal years ended December 31, 2009 and 2008 were approximately $0 and $21,000, respectively. The fees in 2008 related
primarily to research performed on tonnage tax.
All Other Fees. There were no aggregate fees for services not included above for the fiscal years ended December 31, 2009 and 2008.
APPROVAL OF THE AMENDED AND RESTATED 2007 INCENTIVE COMPENSATION PLAN
Subject to shareholder approval, the Compensation Committee recommended and the Board of Directors adopted an amended and restated Alexander & Baldwin, Inc. 2007 Incentive
Compensation Plan ("2007 Plan") on January 27, 2010. The proposed amendments will:
• Increase the number of shares of A&B common stock reserved for issuance under the 2007 Plan by an additional 2,200,000 shares; and
• Increase the number of shares of A&B common stock that may be issued pursuant to tax-favored incentive stock options by the same 2,200,000–share increase to the authorized
reserve under the 2007 Plan.
A description of the amended and restated 2007 Plan, incorporating the proposed amendments, is set forth in Appendix A to this Proxy Statement. The description is intended to be a
summary of the material provisions of the 2007 Plan, and does not purport to be complete. A copy of the 2007 Plan, as amended, will be furnished to any shareholder upon request.
The Board of Directors believes it is necessary for A&B to continue to provide equity incentives in order to attract and retain the services of qualified executives, and to better align their
interests with those of shareholders. The proposed amended and restated 2007 Plan will allow A&B to continue to provide these equity incentives.
Securities authorized for issuance under equity compensation plans as of December 31, 2009, included: