UNITED STATES
                     SECURITIES AND EXCHANGE COMMISSION
                           Washington, D.C. 20549
                                SCHEDULE 14A

Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934
                              (Amendment No. )
Filed by the Registrant (x)
Filed by a Party other than the Registrant ( )

Check the appropriate box:

[  ]  Preliminary Proxy Statement
[  ]  Confidential, for use of the Commission Only (as permitted by
         Rule 14a-6(e)(2))
[x][x ]  Definitive Proxy Statement
[  ]  Definitive Additional Materials
[  ]  Soliciting Material Pursuant to Rule 14a-12

                     PUBLIX SUPER MARKETS, INC.
            ---------------------------------------------------------------------------------------------
            (Name of Registrant as Specified in its Charter)

  ---------------------------------------------------------------------------------------------------------------------------------------------
  (Name of Person(s) Filing Proxy Statement, if other than the Registrant)

Payment of Filing Fee (Check the appropriate box):
[x][x ]  No fee required.
[  ]  Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.

1)  Title of each class of securities to which transaction applies:

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2)  Aggregate number of securities to which transaction applies:

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3)  Per unit price or other underlying value of transaction computed
    pursuant to Exchange Act Rule 0-11 (set forth the amount on which
    the filing fee is calculated and state how it was determined):

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4)  Proposed maximum aggregate value of transaction:

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5)  Total fee paid:

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[ ] Fee paid previously with preliminary materials.
[ ] Check box if any part of the fee is offset as provided by Exchange
    Act Rule 0-11(a)(2) and identify the filing for which the offsetting
    fee was paid previously. Identify the previous filing by registration
    statement number, or the Form or Schedule and the date of its filing.

1)  Amount Previously Paid:

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2)  Form, Schedule or Registration Statement No.:

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3)  Filing Party:

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4)  Date Filed:

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                         PUBLIX SUPER MARKETS, INC.




Corporate Office                                      Mailing Address
3300 Publix Corporate Parkway                         P.O. Box 407
Lakeland, Florida 33811                               Lakeland, Florida 33802


2005 Notice of Annual Meeting of Stockholders
                         to be held on April 12, 20052006 NOTICE OF ANNUAL MEETING OF STOCKHOLDERS TO BE HELD ON APRIL 18, 2006


To Our Stockholders:

Notice is hereby given that the Annual Meeting of  Stockholders  of Publix Super
Markets,  Inc.,  a  Florida  corporation  (the  "Company"),  will be held at the
corporate  office of the  Company,  3300  Publix  Corporate  Parkway,  Lakeland,
Florida, on Tuesday, April 12, 2005,18, 2006, at 9:30 a.m. for the following purposes:


1.   To elect a Board of Directors;Directors as described on page 1;

2.   To approve an  amendment  to the  Restated  Articles  of  Incorporation  to
     increase the authorized number of shares of the Company's common stock from
     300,000,000  to  1,000,000,000,  to  allow  for a  5-for-1  stock  split as
     described on page 14;

3.   To transact such other  business as may properly come before the meeting or
     any adjournments thereof.

Accompanying  the Notice of Annual Meeting of  Stockholders is a Proxy Statement
and a proxy card.  Whether or not you plan to attend this  meeting,  please vote
your shares by  completing,  signing,  dating and promptly  mailing the enclosed
proxy card in the envelope provided.

By order of the Board of Directors,

/s/ John A. Attaway, Jr.
- -------------------------------------------------
John A. Attaway, Jr.
Secretary


Lakeland, Florida
March 2, 20051, 2006




                            20052006 PROXY STATEMENT

GENERAL INFORMATION

     This Proxy  Statement is being  mailed on or about March 11,  2005,16,  2006,  to the
stockholders  of Publix Super Markets,  Inc. (the  "Company") in connection with
the  solicitation of proxies by the Board of Directors of the Company for use at
the  Annual  Meeting  of  Stockholders  to be held on  April  12,  2005,18,  2006,  or any
adjournments thereof. The cost of the enclosed proxy is borne by the Company.

VOTING SECURITIES OUTSTANDING

     As of February 2, 2005,9, 2006,  there were  172,233,759168,734,156  shares of common stock of
the Company outstanding. Each share is entitled to one vote.
     Only  stockholders  of record as of the close of  business  on  February 2,
2005,9,
2006, will be entitled to vote at the Annual Meeting of Stockholders.

VOTING PROCEDURES

     A stockholder  giving the enclosed  proxy has the power to revoke it at any
time before it is exercised by filing a written  notice of such  revocation or a
duly  executed  proxy  bearing a later date with the Secretary of the Company at
the corporate office of the Company,  3300 Publix Corporate  Parkway,  Lakeland,
Florida  33811,  or by mailing  it to the  Company  at P.O.  Box 407,  Lakeland,
Florida  33802-0407.  The  execution  of the  enclosed  proxy  will not affect a
stockholder's  right to vote in person at the  meeting  should  the  stockholder
later find it convenient to attend the meeting and desire to vote in person.
     The  proxy  cards  will  be  tabulated  by  employees  of  the  Company.  A
stockholder  attending  in person  or by proxy  will be  counted  as part of the
quorum for the meeting,  even if that person abstains or otherwise does not vote
on any matter.  A majority of the outstanding  shares of the Company entitled to
vote,  represented  in person  or by  proxy,  shall  constitute  a  quorum.  The
affirmative  vote of a plurality  of the votes cast is required for the election
of directors. A properly executed proxy marked "WITHHOLD VOTES" for the election
of all nominees  for  director or a particular  nominee or nominees for director
will not be voted for the director nominee or nominees indicated. A proxy marked
"WITHHOLD VOTES" will be counted for purposes of determining  whether there is a
quorum. AnyThe amendment to increase the number of the Company's  authorized shares
of  common  stock to allow  for a  5-for-1  stock  split  and any  other  matter
submitted  to a vote of the  stockholders  will be approved if the votes cast in
favor of the matter are greater than the votes cast in opposition to the matter.

ELECTION OF DIRECTORS

     The Company's By-Laws specify that the Board of Directors shall not be less
than three nor more than fifteen members. The exact number of directors shall be
fixed by resolution  of the then  authorized  number of directors.  The Board of
Directors  has fixed  the  number  of  directors  at ten  members.  The  persons
designated  as nominees for election as a director  are Carol  Jenkins  Barnett,
Hoyt R.  Barnett,  Joan G.  Buccino,  William E.  Crenshaw,  Sherrill W. Hudson,
Charles H. Jenkins, Jr., Howard M. Jenkins, E. Vane McClurg, Kelly E. Norton and
Maria A. Sastre. All nominees except Ms. Sastre are currently directors of the Company.  Mark C.  Hollis  is not  standing  for  re-election  to the  Board  of
Directors.  The  Company's  Corporate  Governance  Guidelines  include a general
policy that  directors  will not stand for  re-election  after  reaching age 70. Management
of the Company recommends a vote FOR all the nominees. The proxies will be voted
FOR the election of the ten nominees unless the stockholder specifies otherwise.
     The term of office of the directors  will be until the next annual  meeting
or until their successors shall be elected and qualified.  If one or more of the
nominees  become  unable or unwilling  to serve at the time of the meeting,  the
shares represented by proxy will be voted for the remaining nominees and for any
substitute nominee(s) designated by the Board of Directors or, if none, the size
of the  Board  will be  reduced  accordingly.  The Board of  Directors  does not
anticipate that any nominee will be unavailableunable or unableunwilling to serve.

                                    1





INFORMATION ABOUT NOMINEES FOR DIRECTOR

     The following  information  set forth for each of the nominees for election
to the Board of Directors includes such person's principal  occupation presently
and during the last five years, other information, period of service as director
of the Company and age.

 Carol       Carol Jenkins Barnett
 Jenkins     Chairman of the Board and President of Publix Super Markets
 Barnett     Charities, Inc.
 (Photo)     Director since 1983.  Age 48.49.


 Hoyt R.     Hoyt R. Barnett
 Barnett     Vice Chairman of the Company and Trustee of the Employee
 (Photo)     Stock
(Photo) Ownership Plan.
             Director since 1985.  Age 61.62.


 Joan G.     Joan G. Buccino
 Buccino     Professor  of  Economics   since  1991  for  Florida   Southern
 (Photo)     College
(Photo) (Lakeland,  Florida).  Previously,  Chair of the Social
             Science  Division  from August 1997 to August  2003.  Served as
             Vice  President  and Interim  Dean of the College  during 2001.
             Also  has  held the  Dorotha  C.  Tanner  Chair  in  Ethics  in
             Business and Economics since 1994.
             Director since 2002.  Age 67.68.


William E.   William E. Crenshaw
Crenshaw     President of the Company.
(Photo)      Director since 1990.  Age 54.


Sherrill55.


Sherrill W.  Sherrill W. Hudson
W.
 Hudson      Chairman  of the  Board  and Chief  Executive  Officer  of TECO
(Photo)      Energy,
(Photo)  Inc. since July 2004.  Previously,  Managing  Partner,
             Deloitte   &   Touche   LLP,   a  firm  of   certified   public
             accountants,   Miami,  Florida  from  1983  until  retiring  in
             August  2002.  He servesServes  on the  Audit  Committee  as  the  Audit
             Committee  financial  expert.  In
               addition to servingCurrently  serves as a  Director
             of TECO Energy, Inc.,  he also
               currently serves as a Director of and The Standard Register Company.
             Director since 2003.  Age 62.63.


                                    2




INFORMATION ABOUT NOMINEES FOR DIRECTOR (Continued)


Charles H.   Charles H. Jenkins, Jr.
Jenkins, Jr. Chief  Executive   Officer  of  the  Company  since  May  2001.
(Photo)      Previously,  Chairman  of the  Executive  Committee  to June 2000,
               Chairman of the Executive  Committee and  Chief
             Operating Officer to May 2001.
             Director since 1974.  Age 61.62.


Howard M.    Howard M. Jenkins
Jenkins      Chairman  of  the  Board  of  the   Company   since  May  2001.
(Photo)      Previously,
(Photo)   Chairman   of  the  Board  and  Chief   Executive
             Officer.
             Director since 1977.  Age 53.


E. Vane54.


E.Vane       E. Vane McClurg
McClurg      Attorney-at-law,   law  firm  of  Hahn  McClurg,  P.  A.  since
(Photo)      January 2006.  Previously,  Attorney-at-law,  law firm of Hahn,
             McClurg, Watson, Griffith &
(Photo) Bush.
             Director since 1988.  Age 63.64.


Kelly E.     Kelly E. Norton
Norton       Independent   business  advisor  and  consultant.   Previously,
(Photo)      President   and  Chief   Executive   Officer  of  Florida  Tile
             Industries,  Inc.  (formerly  Sikes  Corporation)  from 1982 to
             1994.  Also  served as a Director of Florida  Tile  Industries,
             Inc. from 1980 to 1990.
             Director since 2001.  Age 66.67.


Maria A.     Maria A. Sastre
Sastre       Vice President,  International - Latin America and Asia,  Sales
(Photo)      and
(Photo) Marketing for Royal Caribbean  International  and Celebrity
             Cruises,  a  unit  of  Royal  Caribbean  Cruises,  Ltd.,  since
             January  2005.   Previously,   Vice   President,   Total  Guest
             Satisfaction  Services and Vice President,  Fleet  Operations -
             Hotel for Royal  Caribbean  International  from  April  2000 to
             December 2004.  Ms.
               Sastre heldHeld various  positions  with United  Airlines,
             Inc.  from  1992 to 1999.  She was recommended by a non-management Director as
               a nominee for Director of the Company in 2005. She also currentlyCurrently  serves as a  Director  of
             Darden Restaurants, Inc. and Laidlaw International, Inc.
             Director since 2005.  Age 49.50.


Carol Jenkins Barnett and Howard M. Jenkins are siblings. Hoyt R. Barnett is the
husband  of Carol  Jenkins  Barnett  and  brother-in-law  of Howard M.  Jenkins.
William  E.  Crenshaw  is the  nephew of Carol  Jenkins  Barnett  and  Howard M.
Jenkins.  Charles H. Jenkins, Jr. is the cousin of Carol Jenkins Barnett, Howard
M. Jenkins and William E. Crenshaw.

                                    3



INFORMATION CONCERNING THE BOARD OF DIRECTORS AND ITS COMMITTEES

MEETINGS

     The Board of  Directors  held four  meetings  during  2004.2005.  All  directors
attended 100%all meetings of the Company's  Board of Directors meetings  held in 2004.2005,  except
one director  who missed the Board of Directors  meeting held on August 3, 2005.
In  addition,  directors  maintained  100%  attendance  at all  Board  Committee
meetings.  The  Company  does  not have a  specific  policy  regarding  director
attendance  at the  Annual  Meeting  of  Stockholders,Stockholders;  however,  all  directors
attended the last Annual Meeting of Stockholders on May 11, 2004.  During 2004,April 12, 2005. Prior to the
Annual  Meeting  of  Stockholders  on April 12,  2005,  the  Board of  Directors
consisted of Carol Jenkins Barnett, Hoyt R. Barnett, Joan G. Buccino, William E.
Crenshaw, Mark C. Hollis, Sherrill W. Hudson, Charles H. Jenkins, Jr., Howard M.
Jenkins, Chairman, E. Vane McClurg and Kelly E. Norton. Subsequent to the Annual
Meeting of Stockholders  on April 12, 2005, the Board of Directors  consisted of
Carol Jenkins Barnett,  Hoyt R. Barnett,  Joan G. Buccino,  William E. Crenshaw,
Sherrill W. Hudson,  Charles H. Jenkins,  Jr., Howard M. Jenkins,  Chairman,  E.
Vane  McClurg,  Kelly E. Norton and Maria A. Sastre.  The Board of Directors has
determined that Joan G. Buccino,  Sherrill W. Hudson,  and Kelly E. Norton and Maria
A.  Sastre  are  independent  as  defined  by the  rules of the New  York  Stock
Exchange.

COMMITTEES

     The Board of Directors had the following  committees  during 2004,2005,  each of
which is described below: Executive,  Compensation,  Audit, Corporate Governance
and Nominating.
     The Executive Committee's primary responsibility is to act on behalf of the
Board of Directors  between  meetings of the Board.  During 2004,2005,  the Executive
Committee  held six  meetings  and  consisted  of Hoyt R.  Barnett,  William  E.
Crenshaw, Charles H. Jenkins, Jr., Chairman and Howard M. Jenkins.
     The Compensation Committee has responsibility for reviewing and setting the
salary and  benefits  structure  of the Company  with  respect to its  executive
officers.  The Compensation  Committee operates under a written charter.  During
2004,2005,  the  Compensation  Committee  held threefive meetings and consisted of Joan G.
Buccino,  Sherrill  W.  Hudson and Kelly E.  Norton,  Chairman,  all of whom are
independent as defined by the rules of the New York Stock Exchange.
     The  Audit  Committee  has  responsibility  to the Board of  Directors  for
assessing the processes  related to the Company's risk and control  environment,
overseeing the financial  reporting and evaluating the internal and  independent
audit processes. The Audit Committee operates under a written charter, a copy of
which was attached as an appendix to the 2004 Proxy Statement.  During 2004,2005, the
Audit Committee held five meetings and consisted of Joan G. Buccino, Sherrill W.
Hudson,  Chairman and Kelly E. Norton, all of whom are independent as defined by
Rule 10A-3 of the Securities  Exchange Act of 1934 and the rules of the New York
Stock Exchange. Mr. Hudson serves as the Audit Committee financial expert.
     The Corporate  Governance  Committee has  responsibility  for reviewing and
reporting to the Board of Directors on matters of corporate  governance  such as
practices,   policies  and  procedures   affecting  directors  and  the  Board's
operations and effectiveness.  The Corporate Governance Committee operates under
a written  charter.  During 2004,2005, the Corporate  Governance  Committee held sixfive
meetings.  Prior to the annual  Organizational Board of Directors meeting on May
18, 2005, the Corporate  Governance  Committee held three meetings and consisted
of Joan G. Buccino, Sherrill W. Hudson, E. Vane McClurg,  Chairman,  and Kelly E. Norton aand Sherrill W.
Hudson.  Subsequent to the annual  Organizational  Board of Directors meeting on
May 18, 2005, the Corporate Governance Committee held two meetings and consisted
of Joan G.  Buccino,  E. Vane  McClurg,  Chairman,  Kelly E. Norton and Maria A.
Sastre. A majority of whomthe Corporate  Governance Committee members serving during
the year are  independent as defined by the rules of the New York Stock Exchange
and all of whom are outside directors as defined by the Company's  Corporate  Governance
Guidelines.
     The Nominating  Committee has responsibility for reviewing and reporting to
the Board of Directors on matters of Board nominations.  This includes reviewing
potential  candidates  and  proposing  nominees to the Board of  Directors.  The
Nominating  Committee  operates  under a  written  charter,  a copy of which was
attached as an appendix to the 2004 Proxy Statement. During 2004,2005, the Nominating
Committee held threeone meeting.  There were no meetings of the Nominating  Committee
in 2005 prior to the annual Organizational Board of Directors meeting on May 18,
2005.  Subsequent to the annual Organizational Board of Directors meeting on May
18, 2005, the Nominating Committee

                                    4


INFORMATION   CONCERNING   THE  BOARD  OF  DIRECTORS   AND  ITS   COMMITTEES
(Continued)

held one meeting and consisted of Hoyt R. Barnett,  Chairman,  Mark
C.  Hollis,  Howard M. Jenkins
and E. Vane McClurg.  The Nominating  Committee  members are not  independent as
defined  by the rules of the New York  Stock  Exchange.  In the  opinion  of the
Board,  each  Nominating  Committee  member has the  ability  to make  objective
decisions independent of the interests of management.


                                      4




INFORMATION CONCERNING THE BOARD OF DIRECTORS AND ITS COMMITTEES (Continued)
     The Company has no  specific  policy  regarding  the  consideration  of any
director  candidates  recommended  by  stockholders.   However,  the  Nominating
Committee  considers  suggestions for director  candidates from several sources,
including stockholders.  In general, candidates must meet minimum qualifications
for directors as set forth in the Company's Corporate Governance Guidelines. The
candidates  also  must  have any  additional  qualifications  identified  by the
Nominating  Committee as may be currently  required to maintain the  appropriate
balance  of  knowledge,  experience  and  expertise  on the Board of  Directors.
Candidate  suggestions,  together  with  appropriate  biographical  information,
should be sent to the  Chairman  of the  Nominating  Committee,  c/o  Secretary,
Publix Super Markets, Inc., P.O. Box 407, Lakeland, Florida, 33802-0407.
     In  evaluating  candidates  for the  Board  of  Directors,  the  Nominating
Committee  considers that it is the Board of Directors'  objective to maintain a
balance of business  experience  in order to maximize the  effectiveness  of the
Board of Directors.  The Nominating Committee also considers the specific skills
necessary for candidates to effectively participate on certain Board committees.
The candidates  should  possess the highest  personal and  professional  ethics,
integrity and values,  and be committed to representing the long-term  interests
of the  stockholders.  In addition,  selection  criteria  may  include,  but not
necessarily be limited to:

o   No conflict of interest;
o   Willingness to devote adequate time and effort to Board
      responsibilities;
o   Ability to work with current Board of Directors;
o   Ability to assess corporate strategy;
o   Willingness to provide management oversight;
o   Broad business experience, judgment and leadership;
o   Significant years of management experience in a senior policy-making
      position;
o   Knowledge of the supermarket business or other retail business; and
o   Knowledge of business trends, including, but not limited to, relevant
      regulatory affairs.

COMMUNICATION WITH DIRECTORS

     Any stockholder or other party interested in  communicating  with the Board
of  Directors,  either as a group or with an  individual  member of the Board of
Directors, may do so by writing c/o Secretary,  Publix Super Markets, Inc., P.O.
Box 407,  Lakeland,  Florida,  33802-0407.  All  communications  to the Board of
Directors or a specified  individual  director  will be provided to the Board of
Directors  or the  specified  individual  director  at the  next  Board  meeting
following receipt of the communication. However, if the Secretary determines the
nature of the  communication  requires the  immediate  attention of the Board of
Directors  or the  specified  individual  director,  the  communication  will be
provided as soon as reasonably possible.

COMPENSATION OF DIRECTORS

     Non-employeeDuring  the  first  and  second  quarter  of 2005,  non-employee  directors
receivereceived a quarterly  retainer of $10,000 for serving on the Board of  Directors.  Beginning in 2003,Directors
and members of the Audit Committee  also  received an  additionala quarterly  retainer of $2,500 for
serving  on the  Audit  Committee.  Beginning  in the  third  quarter  of  2005,
non-employee  directors  receive a quarterly  retainer of $10,500 for serving on
the Board of  Directors,  members  of the Audit  Committee  receive a  quarterly
retainer  of $2,500  for  serving  on the Audit  Committee  and  members  of the
Corporate  Governance  Committee  receive a  quarterly  retainer  of $1,250  for
serving on the Corporate  Governance  Committee.  The Company has a Non-Employee
Directors Stock Purchase Plan for the benefit of eligible  directors.  Under the
plan,  non-employee  directors may purchase shares of the Company's common stock
at the current fair market value during specific time periods  directly from the
Company. The provisions of this plan are generally the same as the provisions of
the Employee Stock Purchase Plan.

                                    5




BENEFICIAL OWNERSHIP OF SECURITIES

     The following table sets forth certain  information about the shares of the
Company's  common  stock  beneficially  owned  as of the  close of  business  on
February 2, 2005,9, 2006, by each of the Company's nominees for director, each executive
officer named in the Summary  Compensation Table and all directors and executive
officers as a group. Additionally, the table includes the persons (including any
group deemed a "person" under Rule 13d-3 of the Securities  Exchange Act of 1934
(the "Act"))  known by the Company to be a  beneficial  owner of more than 5% of
the Company's outstanding common stock.

Number of Sharesshares of Common Stock Beneficiallycommon stock Percent beneficially owned as of of Name of Beneficial Owner Owned as ofbeneficial owner February 2, 20059, 2006 (1) of Classclass - ------------------------------------------------------------------------------------------------------------------------------------------------------------ Carol Jenkins Barnett 9,883,4049,800,907 (2) 5.745.81 Hoyt R. Barnett 53,748,6041,266,190 (3) 31.21* Joan G. Buccino 2,190 * William E. Crenshaw 570,9632,191,410 (4) *1.30 Sherrill W. Hudson 1,5002,500 (5) * Charles H. Jenkins, Jr. 1,559,0152,161,334 (6) *1.28 Howard M. Jenkins 6,473,2514,858,886 (7) 3.762.88 E. Vane McClurg 1,125,6441,124,744 (8) * Kelly E. Norton 2,825 * Maria A. Sastre - - James J. Lobinsky 67,588 (9)302 * David P. Phillips 47,21449,450 (9) * Daniel M. Risener 62,586 (10) * Employee Stock Ownership Plan 52,511,266 30.4952,060,694 (11) 30.85 401(k) Plan 8,631,089 (12) 5.12 All directors and executive officers as a group (36) 73,900,541 (11) 42.91 SunTrust Bank 9,898,809 (12) 5.75 Nancy E. Jenkins 9,549,509(38) 21,147,597 (13) 5.5412.53 * Shares represent less than 1% of common stock. Note references are explained on pages 7 and 8.
6 (1) As used in the table on the preceding page, "beneficial ownership" means the sole or shared voting or investment power with respect to the Company's common stock. Unless otherwise indicated, the individual has sole voting and investment power with respect to the shares shown as beneficially owned. For participants in the Company's Employee Stock Ownership Plan (the "ESOP"), holdings include shares allocated to their individual ESOP accounts, over which each participant exercises sole voting power and shared investment power. In accordance with the beneficial ownership regulations, the same shares of common stock may be included as beneficially owned by more than one individual or entity. The address for all beneficial owners except SunTrust Bank is 3300 Publix Corporate Parkway, Lakeland, Florida 33811 with a mailing address of P.O. Box 407, Lakeland, Florida 33802-0407. The address for SunTrust Bank is 303 Peachtree Street, Suite 1500, Atlanta, Georgia 30308. (2) Carol Jenkins Barnett has sole voting and investment power over 8,682,485 shares of common stock which are held directly and sole voting and investment power over 3,022 shares of common stock which are held indirectly and shared voting and investment power over 9,880,382 shares of common stock pursuant to Rule 13d-3(d)(1) under the Act which are held indirectly in trusts.indirectly. Total shares beneficially owned include 1,135,5171,115,400 shares of common stock also shown as beneficially owned by her husband, Hoyt R. Barnett, but exclude all other shares beneficially owned by Hoyt R. Barnett, as to which Carol Jenkins Barnett disclaims beneficial ownership. Total shares beneficially owned also include 8,744,865 shares of common stock also shown as beneficially owned by SunTrust Bank who(3) Hoyt R. Barnett has sole voting and investment power under the terms of a trust. (3) Hoyt R. Barnett is Trustee of the ESOP which is the record owner of 52,511,266over 101,821 shares of common stock over which he has shared investment power. As Trustee, Hoyt R. Barnett exercisesare held directly and sole voting power over 1,154,989 shares of common stock in the ESOP because such shares have not been allocated to participants' accounts. For ESOP shares allocated to participants' accounts, Hoyt R. Barnett will vote the shares as instructed by participants. Additionally, Hoyt R. Barnett will vote the ESOP shares for which no instruction is received. Hoyt R. Barnett has shared voting and investment power over 1,237,338 shares48,969 share of common stock pursuant to Rule 13d-3(d)(1) under the Act which are held indirectly in trusts.indirectly. Total shares beneficially owned include 1,135,5171,115,400 shares of common stock also shown as beneficially owned by his wife, Carol Jenkins Barnett, but exclude all other shares beneficially owned by Carol Jenkins Barnett, as to which Hoyt R. Barnett disclaims beneficial ownership. Total shares beneficially owned by Hoyt R. Barnett exclude 52,060,694 shares of common stock owned by the ESOP, as to which Hoyt R. Barnett disclaims beneficial ownership as Trustee of the ESOP. (4) William E. Crenshaw has sole voting and investment power over 529,886518,781 shares of common stock which are held directly, sole voting and investment power over 1,631,210 shares of common stock which are held indirectly, sole voting and shared investment power over 32,22132,563 shares of common stock which are held indirectly and shared voting and investment power over 8,856 shares of common stock.stock which are held indirectly. (5) Sherrill W. Hudson has sole voting and investment power over 500 shares of common stock which are held directly and shared voting and investment power over 1,0002,000 shares of common stock.stock which are held directly. (6) Charles H. Jenkins, Jr. has sole voting and investment power over 1,111,3401,167,814 shares of common stock which are held directly, sole voting and investment power over 545,321 shares of common stock which are held indirectly, sole voting and shared investment power over 63,05463,407 shares of common stock which are held indirectly, shared voting and investment power over 596 shares of common stock which are held directly and shared voting and investment power over 384,196 shares of common stock which are held indirectly. (7) Howard M. Jenkins has sole voting and investment power over 664,130 shares of common stock which are held directly, sole voting and investment power over 162,713 shares of common stock which are held indirectly, sole voting and shared investment power over 38,027 shares of common stock which are held indirectly and shared voting and investment power over 384,621 shares of common stock. (7) Howard M. Jenkins has sole voting and investment power over 664,740 shares of common stock which are held directly, sole voting and investment power over 162,103 shares of common stock which are held indirectly in trusts, sole voting and shared investment power over 38,018 shares of common stock which are held indirectly, and shared voting and investment power over 5,608,3903,994,016 shares of common stock which are held indirectly. Total shares beneficially owned by Howard M. Jenkins exclude 1,614,374 shares of common stock owned by a limited partnership, as to which Howard M. Jenkins disclaims beneficial ownership as a limited partner. (8) E. Vane McClurg has sole voting and investment power over 1,099,744 shares of common stock which are held directly, sole voting and investment power over 15,000 shares of common stock which are held indirectly and shared voting and investment power over 1,110,644 shares of common stock pursuant to Rule 13d-3(d)(1) under the Act which are held indirectly in a trust. Total shares beneficially owned by E. Vane McClurg exclude 10,000 shares of common stock owned by his wife, as to which E. Vane McClurg disclaims beneficial ownership.are held indirectly. 7 (9) James J. LobinskyDavid P. Phillips has sole voting and investment power over 10025,620 shares of common stock which are held directly, sole voting and investment power over 5,705 shares of common stock which are held indirectly, sole voting and shared investment power over 11,125 shares of common stock which are held indirectly and shared voting and investment power over 7,000 shares of common stock which are held directly. (10) Daniel M. Risener has sole voting and investment power over 1,300 shares of common stock which are held directly, sole voting and shared investment power over 47,33846,354 shares of common stock which are held indirectly, and shared voting and investment power over 20,150 shares of common stock. (10) David P. Phillips has sole voting and investment power over 27,0202,500 shares of common stock which are held directly soleand shared voting and investment power over 3,40512,432 shares of common stock which are held indirectly,indirectly. (11) Hoyt R. Barnett is Trustee of the ESOP which is the record owner of 52,060,694 shares of common stock over which he has shared investment power. The Trustee exercises sole voting power over 1,190,204 shares of common stock in the ESOP because such shares have not been allocated to participants' accounts. For ESOP shares allocated to participants' accounts, the Trustee will vote the shares as instructed by participants. Additionally, the Trustee will vote the ESOP shares for which no instruction is received. (12) Tina P. Johnson is Trustee of the Company's common stock held in the 401(k) Plan which is the record owner of 8,631,089 shares of common stock over which she has sole voting and shared investment power over 10,789 shares of common stock which are held indirectly, and shared voting and investment power over 6,000 shares of common stock. (11) Includes 52,511,266 shares of common stock (30.49%) in the ESOP over which Hoyt R. Barnett is Trustee as described in note (3).power. (13) As a group, the directors and executive officers have shared voting andand/or shared investment power over 18,597,2566,230,373 shares of common stock. (12) SunTrust Bank has sole voting and investment power over 9,867,964 shares of common stock which are held in trusts and shared voting and investment power over 30,845 shares of common stock which are held in trusts. Shares beneficially owned with sole voting and investment power include 8,744,865 shares of common stock also shown as beneficially owned by Carol Jenkins Barnett who has shared voting and investment power pursuant to Rule 13d-3(d)(1) under the Act. (13) Nancy E. Jenkins has sole voting and investment power over 9,427,558 shares of common stock which are held indirectly and shared voting and investment power over 121,951 shares of common stock which are held indirectly. She is the sister of Howard M. Jenkins and Carol Jenkins Barnett, aunt of William E. Crenshaw, cousin of Charles H. Jenkins, Jr. and sister-in-law of Hoyt R. Barnett. SECTION 16(a) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE Under Section 16 of the Securities Exchange Act of 1934, certain officers, directors and stockholders of the Company are required to file reports of stock ownership and changes therein with the Securities and Exchange Commission. The Company believes that its officers, directors and stockholders complied with the Section 16 filing requirements.requirements except as follows. Reports filed by the following persons did not reflect their direct or indirect beneficial ownership of certain shares or changes therein: David E. Bridges (2004 - one Form 4 and one Form 5) and Maria A. Sastre (2005 - one Form 4). Upon learning of the omissions, Mr. Bridges and Ms. Sastre promptly filed the necessary reports to reflect the required information. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS During 2004,2005, the Company purchased approximately $2,185,000$2,272,000 of food products from Alma Food Imports, Inc., a company owned by Julia Jenkins Fancelli, sister of Howard M. Jenkins and Carol Jenkins Barnett, and Nancy E. Jenkins, aunt of William E. Crenshaw, cousin of Charles H. Jenkins, Jr. and sister-in-law of Hoyt R. Barnett. During 2004,2005, the Company paid approximately $352,000$205,000 to the law firm of Hahn, McClurg, Watson, Griffith & Bush for legal services. E. Vane McClurg is a director and continues to provide legal services to the Company. In the opinion of management, the terms of the foregoing transactions are no less favorable than terms that could have been obtained from unaffiliated parties. COMPENSATION COMMITTEE INTERLOCKS AND INSIDER PARTICIPATION Compensation Committee members, who were all directors of the Company during 2004,2005, include: Joan G. Buccino, Sherrill W. Hudson and Kelly E. Norton, Chairman. There were no interlocks of the executive officers or directors of the Company serving on the compensation or equivalent committee of another entity which has any executive officer or director serving on the Compensation Committee, other committee or Board of Directors of the Company. 8 COMPENSATION COMMITTEE REPORT ON EXECUTIVE COMPENSATION The Compensation Committee has responsibility for reviewing and setting the salary and benefits structure of the Company with respect to its executive officers. The compensation for the named executive officers, including the Chief Executive Officer (CEO), includes a base salary and an incentive bonus. The factors considered in determining the base salary include: (1) the overall level of responsibility and the relationship to compensation levels of the Company's management, (2) the compensation levels of supermarket chains in the Company's Peer Group Index, taking into account the size and financial performance of the Company, (3) anticipated competitive operating conditions and (4) overall economic conditions. Charles H. Jenkins, Jr.'s annual base salary was increased by approximately 10.6%13.5% to $537,550.$609,930. This increase was heavily influenced by factor (2) above, the compensation levels of supermarket chains in the Company's Peer Group Index, taking into account the size and financial performance of the Company. The most recently available base salaries of the CEOs in the Company's Peer Group Index range from $560,000 to $1,300,000.$1,405,000. The lowest CEO base salary is for a supermarket chain with approximately $2 billion in sales. The financial performance of the Company has been significantly better than the performance of the supermarket chains in the Company's Peer Group Index. Bonuses are paid generally once per year in the year following the year earned. The incentive bonus plan covers approximately 375390 management employees. The Company's incentive bonus plan is based on a target bonus equal to two months pay for all full incentive bonus participants (participants generally transition in to the incentive bonus over a two year period). The formula for the incentive bonus plan is based on the Company achieving its sales and profit goals for the fiscal year and thus paying the target bonus. The incentive bonus would be more or less than the target bonus based on the Company's actual results compared to its sales and profit goals. There is no incentive bonus unless greater than 80% of the target profit is achieved. In general, the bonus pool is allocated among the participating management employees, including the named executive officers, according to their relative base compensation amounts paid to them during the calendar year for which the incentive bonus is being paid. The bonuses compensate the management employees for their services during the calendar year and an employee must be employed at the end of the calendar year to participate in the bonus. Although the Company has a defined method for calculating the incentive bonus, the Company's Executive Committee retains the right to alter or discontinue the incentive bonus plan at its discretion at any time for all or any participating employees except for the Company's executive officers. Any changes to the incentive bonus plan for all or any of the executive officers are at the discretion of the Compensation Committee. For fiscal 2004,2005, based on the application of the parameters of the incentive bonus plan, the Compensation Committee awarded Charles H. Jenkins, Jr. the bonus of $176,381$182,966 as set forth in the following Summary Compensation Table. The compensation earned by the executive officers named in the following Summary Compensation Table ranks at or near the bottom of compensation earned by comparable positions among the peer group supermarket chains in the Company's Peer Group Index included in the performance graphs on pages 13 and 14. This report is submitted by the following members of the Compensation Committee at the end of 2004:2005: Joan G. Buccino, Sherrill W. Hudson, and Kelly E. Norton, Chairman. 9 EXECUTIVE COMPENSATION The following table summarizes the compensation earned by the Company's CEO and the Company's four most highly compensated executive officers other than the CEO who were serving as executive officers at the end of 20042005 and for services rendered in all capacities to the Company during the years ended 2005, 2004 2003 and 2002:2003:
SUMMARY COMPENSATION TABLE Long-Term Compensation ---------------------------------- Annual Compensation Awards Payouts -------------------------------------------------- ---------------------- ------- Other Annual Restricted All Other Name and Principal Position Compen- Stock Options/ LTIP Compen- ( ) Years of Service Year Salary Bonus (1) Total sation Award SARs (#) Payouts sation (2) - ------------------------------------------------------------------------------------------------------------------------------------ Charles H. Jenkins,H.Jenkins, Jr. (35) 2004 $537,550 $176,381 $713,931 - - - - $22,132(36) 2005 $609,930 $182,966 $792,896 -- -- -- -- $26,206 Chief Executive Officer 2004 537,550 176,381 713,931 -- -- -- -- 22,132 and Director 2003 485,825 58,242 544,067 - - - --- -- -- -- 19,985 William E.Crenshaw (31) 2005 $510,125 $153,027 $663,152 -- -- -- -- $26,206 President and Director 2002 447,000 94,790 541,790 - - - - 21,041 William E. Crenshaw (30) 2004 $443,000 $145,357 $588,357 - - - - $22,132 President and Director443,000 145,357 588,357 -- -- -- -- 22,132 2003 405,600 48,624 454,224 - - - --- -- -- -- 19,985 2002 375,800 79,692 455,492 - - - - 21,041 David P. Phillips (20) 2004 $352,000 $115,498 $467,498 - - - - $22,132(21) 2005 $408,100 $122,422 $530,522 -- -- -- -- $26,206 Chief Financial Officer 2004 352,000 115,498 467,498 -- -- -- -- 22,132 and Treasurer 2003 305,000 36,564 341,564 - - - --- -- -- -- 19,985 and Treasurer 2002 254,000 53,863 307,863 - - - - 21,041 Hoyt R. Barnett (36) 2004 $297,750 $ 97,698 $395,448 - - - - $22,132(37) 2005 $309,000 $92,694 $401,694 -- -- -- -- $26,206 Vice Chairman and 2004 297,750 97,698 395,448 -- -- -- -- 22,132 Director 2003 287,625 34,481 322,106 - - - --- -- -- -- 19,985 2002 287,625 60,993 348,618 - - - - 21,041 James J. Lobinsky (48) 2004 $278,000 $ 91,217 $369,217 - - - - $22,132Daniel M. Risener (43) 2005 $289,050 $86,709 $375,759 -- -- -- -- $26,206 Senior Vice President and 2004 261,600 85,836 347,436 -- -- -- -- 22,132 Chief Information Officer 2003 255,180 30,592 285,772 - - - -251,500 30,151 281,651 -- -- -- -- 19,985 2002 240,755 51,054 291,809 - - - - 21,041 (1) Amounts in this column include bonuses earned in the applicable year but paid in a subsequent year. (2) Amounts in this column include the Company's contribution to the ESOP and the 401(k) Plan.
10 OTHER COMPENSATION The Company has a trusteed, noncontributory defined contribution plan, the ESOP, for the benefit of eligible employees. The amount of the Company's discretionary contribution to the ESOP is determined annually by the Board of Directors and can be made in Company common stock or cash. The Company's contribution to this plan is allocated to all participants on the basis of compensation and the plan does not discriminate, in scope, terms, or operation, in favor of officers orofficers. Non-employee directors of the Company.Company's Board of Directors do not participate in the plan. Amounts earned for 2005, 2004 2003 and 20022003 under the plan by the CEO and the four most highly compensated executive officers other than the CEO are listed in the Summary Compensation Table. The Company has a 401(k) plan for the benefit of eligible employees. The 401(k) plan is a voluntary defined contribution plan. Eligible employees may contribute up to 10% of their eligible annual compensation, subject to the maximum contribution limits established by Federal law. The Company may make a discretionary annual matching contribution to eligible participants of this plan as determined by the Board of Directors. During 2005, 2004 2003 and 2002,2003, the Board of Directors approved a match of 50% of eligible contributions up to 3% of eligible wages, not to exceed a maximum match of $750 per employee. The match, which is determined as of the last day of the plan year and paid in the subsequent year, is in common stock of the Company. The plan does not discriminate, in scope, terms, or operation, in favor of officers orofficers. Non-employee directors of the Company.Company's Board of Directors do not participate in the plan. The match earned for 2005, 2004 2003 and 20022003 under the plan by the CEO and the four most highly compensated executive officers other than the CEO are listed in the Summary Compensation Table. The Company's group health and dental insurance plans are available to eligible full-time and part-time employees and the group life insurance plan and long-term disability plan are available to eligible full-time employees. These plans do not discriminate, in scope, terms, or operation, in favor of officers orofficers. Non-employee directors of the Company.Company's Board of Directors do not participate in the plans. All compensation paid to executive officers during 2004,2005, other than cash and compensation pursuant to the plans described above, does not exceed the minimum amounts required to be reported pursuant to the Securities and Exchange Commission rules. AUDIT COMMITTEE REPORT At the end of 2004,2005, the Audit Committee of the Company's Board of Directors was comprised of three Board members who were not involved in the current management of the Company. The Audit Committee members are independent as defined by the rules of the New York Stock Exchange. The roles and responsibilities of the Audit Committee are set forth in a written charter adopted by the Board of Directors. A copy of the charter was attached as an appendix to the 2004 Proxy Statement. The Audit Committee reviews and reassesses the charter annually and recommends any changes to the Board of Directors for approval. Management is responsible for the Company's internal controls and the financial reporting process. The Company's independent registered public accounting firm is responsible for performing an independent audit of the Company's consolidated financial statements and an audit of the Company's internal control over financial reporting in accordance with the standards of the Public Company Accounting Oversight Board (United States). The Audit Committee monitors and oversees these processes as described in the Audit Committee charter. The Audit Committee reviewed and discussed with management and the Company's independent registered public accounting firm the Company's audited consolidated financial statements for the fiscal year ended December 25, 2004.31, 2005. The Audit Committee also discussed with the Company's independent registered public accounting firm the matters required to be discussed by Statement on Auditing Standards No. 61, Communication with Audit Committees. The Audit Committee received the written disclosures and the letter from the Company's independent registered public accounting firm required by Independence Standards Board Standard No. 1, Independence Discussions with Audit Committees, and discussed with the independent registered public accounting firm its independence. 11 Based upon the review and discussions referred to in the preceding paragraph, the Audit Committee recommended to the Board of Directors that the audited consolidated financial statements be included in the Company's Annual Report on Form 10-K for the fiscal year ended December 25, 2004,31, 2005, for filing with the Securities and Exchange Commission. This report is submitted by the following members of the Audit Committee at the end of 2004:2005: Joan G. Buccino, Sherrill W. Hudson, Chairman, and Kelly E. Norton. 11 RELATIONSHIP WITH INDEPENDENT PUBLIC ACCOUNTANTS The firm of KPMG LLP was the Company's independent registered public accounting firm during 2004.2005. The Audit Committee will make its recommendation to the Board of Directors as to the Company's independent registered public accounting firm for 20052006 later this year. Representatives of KPMG LLP will be present at the meeting with an opportunity to make a statement if they desire to do so and will be available to respond to appropriate questions. The fees of the Company's independent registered public accounting firm, KPMG LLP, for the indicated services performed for the fiscal years ended December 25, 200431, 2005 and December 27, 2003,25, 2004, were as follows:
2004 2003 ---- ---- (Amounts are in thousands) Audit fees (1) $1,103 336 Audit-related fees (2) 41 23 Tax fees (3) 95 78 All other fees -- -- ------ --- $1,239 437 ====== ===
Amounts are in thousands. 2005 2004 ------------------------- ---- ---- Audit fees (1)........................ $1,224 1,103 Audit-related fees(2)............... 30 41 Tax fees (3)........................... 22 95 All other fees......................... -- -- ------ ----- $1,276 1,239 ====== ===== (1) Fees for audit services include fees associated with the annual audit of the Company's financial statements, annual audit of the Company's internal control over financial reporting and reviews of the Company's quarterly financial statements. The increase in audit fees for 2004 was primarily due to the audit of the internal control over financial reporting as required by the Sarbanes-Oxley Act of 2002. (2) Fees for audit-related services primarily include fees associated with the annual audit of employee benefit plans and other audit services. (3) Fees for tax services include fees associated with tax compliance, tax advice and tax planning. The Audit Committee has reviewed and discussed the fees of KPMG LLP during the last fiscal year for audit and non-audit services and has determined that the provision of the non-audit services are compatible with the firm's independence. Under its charter and in accordance with the Audit Committee Pre-Approval Policy, adopted in 2003, the Audit Committee must pre-approve all engagements of the Company's independent registered public accounting firm. The Audit Committee Pre-Approval Policy provides that the Audit Committee is required to pre-approve all audit and non-audit services performed by the independent registered public accounting firm in order to assure that the provision of such services will not impair its independence. The Audit Committee has delegated the Chairman of the Audit Committee the authority to evaluate and approve engagements on behalf of the Audit Committee in the event that the need for pre-approval arises between Audit Committee meetings. If the Chairman approves any such engagements, he will report that approval to the Audit Committee at its next meeting. During 2004,2005, each new engagement of the independent registered public accounting firm was approved in accordance with the policy. 12 PERFORMANCE GRAPHS The following performance graph sets forth the Company's cumulative total stockholder return during the five years ended December 25, 2004,31, 2005, with the cumulative total return on the S&P 500 Index and a custom Peer Group Index including companies in the same line of business (supermarket retail companies)(1). The Peer Group Index is weighted based on the various companies' market capitalization. The comparison assumes $100 was invested at the end of 19992000 in the Company's common stock and in each of the related indices and assumes reinvestment of dividends. The Company's common stock is valued as of the end of each fiscal quarter. After the end of a quarter, however, shares continue to be traded at the prior valuation until the new valuation is received. The cumulative total return for the companies represented in the S&P 500 Index and the custom Peer Group Index is based on those companies' calendar year end trading price. Therefore, the Company has provided a performance graph based on the Company's fiscal year end valuation (rather than the trading price at fiscal year end, representing the appraised value as of the prior fiscal quarter). For comparative purposes, additional information is provided based on the fiscal year end trading price of the Company's shares. COMPARISON OF FIVE-YEAR CUMULATIVE RETURN BASED UPON YEAR END VALUATION
1999 2000 2001 2002 2003 2004 ------------------------------------------------------------------2005 ---- ---- ---- ---- ---- ---- PUBLIXPublix $100.00 107.86 92.26 87.28 118.00 147.9085.53 80.92 109.40 137.12 174.29 S&P 500 100.00 90.90 81.58 62.53 79.71 89.54 PEER GROUP89.76 68.80 87.69 98.51 103.50 Peer Group 100.00 128.49 104.72 66.28 75.14 77.2681.50 51.58 58.48 60.13 61.61
Note reference is explained on page 14. 13 COMPARISON OF FIVE-YEAR CUMULATIVE RETURN BASED UPON YEAR END TRADING PRICE
1999 2000 2001 2002 2003 2004 ------------------------------------------------------------------2005 ---- ---- ---- ---- ---- ---- PUBLIXPublix $100.00 106.24 93.29 84.82 107.74 136.7187.81 79.84 101.41 128.67 171.70 S&P 500 100.00 90.90 81.58 62.53 79.71 89.54 PEER GROUP89.76 68.80 87.69 98.51 103.50 Peer Group 100.00 128.49 104.72 66.28 75.14 77.2681.50 51.58 58.48 60.13 61.61
(1) Companies included in the peer group are: A&P, Albertson's, Delhaize America (Delhaize America was formerly Food Lion and was included through December 2000 as it became a part of the Delhaize Group in April 2001), Kroger, Safeway, Weis Markets and Winn-Dixie. Peer group companies thatPROPOSAL TO INCREASE THE AUTHORIZED SHARES OF COMMON STOCK TO ALLOW FOR A 5-FOR-1 STOCK SPLIT On November 9, 2005, the Board of Directors unanimously approved a 5-for-1 stock split of the Company's common stock to be effective on July 1, 2006. However, the Company did not have been acquireda sufficient number of authorized but unissued shares of the Company's common stock to effect the 5-for-1 stock split. Accordingly, the stock split approved by the Board of Directors was conditioned on the approval by the stockholders of an amendment to the Company's Restated Articles of Incorporation. This amendment would increase the number of authorized shares of the Company's common stock from 300,000,000 to 1,000,000,000 shares. The Board of Directors approved this amendment and directed the amendment to be placed on the agenda of the 2006 Annual Meeting of Stockholders for consideration of and to be voted upon by the stockholders. If the amendment is approved, the amendment will be promptly filed with the Florida Secretary of State and then the stock split will be effective on July 1, 2006. The stock split would be accomplished by directing stockholders of record as of the close of business on June 30, 2006, to retain their current stock certificates and by mailing to such stockholders new stock certificates representing four times the number of shares of common stock held by them as of the close of business on June 30, 2006. The certificates for the additional shares will be mailed to the stockholders approximately 45 days after the effective date. Stockholders should not send in their current stock certificates to the Company. 14 The proposed amendment in no way affects or alters the rights or privileges of current holders of the Company's common stock. Each share of common stock shall continue to be entitled to one vote upon all matters presented to meetings of stockholders. The proposed amendment to the Restated Articles of Incorporation will be approved if the votes cast in favor of the proposed amendment are includedgreater than the votes cast in opposition of the performance graphs for all full years prior to their acquisition. 14 proposed amendment. The Board of Directors recommends a vote FOR the amendment. PROPOSALS OF STOCKHOLDERS Proposals of stockholders intended to be presented at the 20062007 Annual Meeting of Stockholders must be received at the Company's corporate office prior to November 10, 2005,16, 2006, for consideration for inclusion in the Proxy Statement relating to that meeting. OTHER MATTERS THAT MAY COME BEFORE THE MEETING At the date of this Proxy Statement, the Board of Directors knows of no matter other than the matters described herein that will be presented for consideration at the meeting. However, if any other business shall properly come before the meeting, all proxies signed and returned by stockholders will be voted in accordance with the best judgment of the persons voting the proxies. By order of the Board of Directors, /s/ John A. Attaway, Jr. - ------------------------ John A. Attaway, Jr. Secretary Lakeland, Florida March 2, 20051, 2006 The Company's annual report to the Securities and Exchange Commission, Form 10-K, for the fiscal year ended December 25, 2004,31, 2005, is being mailed with this proxy statement to stockholders of record and beneficial owners as of the close of business on February 2, 2005.9, 2006. This report may also be obtained electronically, free of charge, through the Company's website. The Company's website address is http://www.publix.com/stock. --------------------------- 15 PUBLIX SUPER MARKETS, INC. Annual Meeting of Stockholders April 12, 200518, 2006 at 9:30 a.m. Publix Corporate Office, 3300 Publix Corporate Parkway Lakeland, Florida 33811 The Publix Super Markets, Inc. Board of Directors recommends a vote FOR the nominees listed in Item 1 of this proxy.and a vote FOR Item 2. You are encouraged to specify your choice by marking the appropriate box, but you need not mark any boxes if you wish to vote in accordance with the Board of Directors' recommendation.recommendations. The shares represented by this proxy card will not be voted unless you sign and return this card by April 12, 2005,18, 2006, and the signed card is received prior to the Annual Meeting.Meeting of Stockholders. If you plan to attend the Annual Meeting of Stockholders in person, please mark the appropriate box on the reverse side of this card. Mark, sign, date and return your proxy card promptly using the enclosed envelope. PROXY CARDS MUST BE RECEIVED PRIOR TO THE ANNUAL MEETING ON APRIL 12, 2005.18, 2006. YOUR VOTE IS VERY IMPORTANT TO US. PUBLIX SUPER MARKETS, INC. PROXY SOLICITED BY THE BOARD OF DIRECTORS FOR THE ANNUAL MEETING OF STOCKHOLDERS TO BE HELD ON APRIL 12, 200518, 2006 The undersigned has received the Notice of Annual Meeting of Stockholders ("Meeting") to be held on April 12, 2005,18, 2006, the Proxy Statement dated March 2, 2005,1, 2006, and the 20042005 Annual Report to Stockholders for the Meeting. The undersigned hereby appoints Howard M. Jenkins, Charles H. Jenkins, Jr. and William E. Crenshaw, or any of them, as proxies with full power of substitution, to vote all shares of Publix common stock that the undersigned is entitled to vote at the Meeting, and at any adjournments or postponements thereof, as described below. The undersigned acknowledges that the signing of this proxy revokes any and all proxies previously given to vote the shares represented by this proxy card at the Meeting. 1. Election of Directors: Nominees: Carol Jenkins Barnett Hoyt R. Barnett Joan G. Buccino William E. Crenshaw Sherrill W. Hudson Charles H. Jenkins, Jr., Howard M. Jenkins E. Vane McClurg Kelly E. Norton Maria A. Sastre [ ]|_| FOR all nominees listed above [ ]|_| FOR, EXCEPT WITHHOLD VOTES FOR those nominees whose names have been crossed out above [ ]|_| WITHHOLD VOTES for all nominees listed above 2. Amendment: Approval of an amendment to the Publix Super Markets, Inc. Restated Articles of Incorporation to increase the authorized number of shares of Publix common stock from 300,000,000 to 1,000,000,000, to allow for a 5-for-1 stock split. |_| FOR |_| AGAINST |_| ABSTAIN 3. Other Matters: The proxies named above, in their discretion, may vote the shares represented by this proxy card upon such other matters as may properly come before the Meeting. - -------------------------- -------- --------------------------- --------------------------------- ------------ ------------------------- ------------- Signature Date Signature if held jointly Date Note: Please sign exactly as your name appears hereon. Joint owners must each sign. When signing as attorney-in-fact, executor, administrator, trustee, guardian or other representative capacity, please give full title as such. PLEASE MARK, SIGN, DATE AND RETURN THIS PROXY CARD PROMPTLY USING THE ENCLOSED ENVELOPE. [ ]|_| I plan on attending the Annual Meeting of Stockholders in person on April 12, 2005. [ ]18, 2006. |_| I have multiple accounts and do not want to receive Publix's Annual Report to Stockholders for this account. (You should leave this box unmarked on one proxy card.) [ ]|_| The address listed below is incorrect. My new address is: ------------------------------------------------------------------------ Street ------------------------------------------------------------------------ City State ZipZIP Code To the Participants of the Publix Super Markets, Inc. Employee Stock Ownership PlanTO THE PARTICIPANTS OF THE PUBLIX SUPER MARKETS, INC. EMPLOYEE STOCK OWNERSHIP PLAN ("ESOP") Annual Meeting of Stockholders April 12, 200518, 2006 at 9:30 a.m. Publix Corporate Office, 3300 Publix Corporate Parkway Lakeland, Florida 33811 Dear ESOP Participant: The Publix Super Markets, Inc. Annual Meeting of Stockholders ("Meeting") is being held on April 1218 this year. At the Meeting, the Trustee of the ESOP, Hoyt R. Barnett, or his designee, will vote the shares of Publix common stock allocated to your ESOP account according to your instructions. You may indicate your voting instructions on the attached proxy on the last page of this booklet. The Publix Board of Directors recommends a vote FOR the nominees listed in Item 1 of the proxy.and a vote FOR Item 2. If you indicate "WITHHOLD VOTES" for any or all director nominees on your proxy, the Trustee or his designee will not exercise voting rights for your ESOP shares with respect to such director nominees. If you indicate "ABSTAIN" for Item 2 on your proxy, the Trustee or his designee will not exercise voting rights for your ESOP shares with respect to such item. If your voting instructions as indicated on your properly signed and dated proxy card are not received prior to the Meeting, or if this proxy card is not returned, the Trustee or his designee will vote your ESOP shares in his discretion. If you plan to attend the Annual Meeting of Stockholders in person, please mark the appropriate box on the attached proxy on the last page of this booklet. Thank you, Plan Administrator Publix Super Markets, Inc. March 2, 20051, 2006 PROXY CARDS MUST BE RECEIVED PRIOR TO THE ANNUAL MEETING ON APRIL 12, 2005.18, 2006. YOUR VOTE IS VERY IMPORTANT TO US. VOTING CARD IS ON THE LAST PAGE OF THIS BOOKLET. PUBLIX SUPER MARKETS, INC. REQUEST FOR VOTING INSTRUCTIONS IN CONNECTION WITH THE ANNUAL MEETING OF STOCKHOLDERS TO BE HELD ON APRIL 12, 200518, 2006 The undersigned has received the Notice of Annual Meeting of Stockholders ("Meeting") to be held on April 12, 2005,18, 2006, the Proxy Statement dated March 2, 2005,1, 2006, and the 20042005 Annual Report to Stockholders for the Meeting. The undersigned, a participant or beneficiary in the Publix Super Markets, Inc. Employee Stock Ownership Plan ("ESOP"), with respect to all shares of Publix common stock allocated to the ESOP account of the undersigned, the voting rights of which are accorded to the undersigned under the ESOP (the "Account Shares"), hereby requests and instructs Hoyt R. Barnett, Trustee of the ESOP, or the Trustee's designee, as proxy to vote all of the Account Shares that the undersigned is entitled to vote at the Meeting, and at any adjournments or postponements thereof, in any manner and with the same effect as if the undersigned were the record owner of the Account Shares. The undersigned authorizes and instructs the Trustee or his designee to vote as described below. The undersigned acknowledges that the signing of this proxy revokes any and all proxies previously given to vote the Account Shares represented by this proxy card at the Meeting. 1. Election of Directors: Nominees: Carol Jenkins Barnett Hoyt R. Barnett Joan G. Buccino William E. Crenshaw Sherrill W. Hudson Charles H. Jenkins, Jr. Howard M. Jenkins E. Vane McClurg Kelly E. Norton Maria A. Sastre [ ]|_| FOR all nominees listed above [ ]|_| FOR, EXCEPT WITHHOLD VOTES FOR those nominees whose names have been crossed out above [ ]|_| WITHHOLD VOTES for all nominees listed above 2. Amendment: Approval of an amendment to the Publix Super Markets, Inc. Restated Articles of Incorporation to increase the authorized number of shares of Publix common stock from 300,000,000 to 1,000,000,000, to allow for a 5-for-1 stock split. |_| FOR |_| AGAINST |_| ABSTAIN 3. Other Matters: The Trustee of the ESOP or his designee, in such person's discretion, may vote the Account Shares represented by this proxy card upon such other matters as may properly come before the Meeting. The Account Shares of the undersigned will be voted as instructed above by the Trustee or his designee if this proxy card is properly executed and received by the Plan Administrator prior to the Meeting on April 12, 2005.18, 2006. If no voting instructions are marked, or if this proxy card is not returned, the Trustee or his designee will vote the Account Shares in his discretion. - -------------------------------------------------------- ------------------------------------------------------ ------------------------ Signature Date Note: Please sign exactly as your name appears on the reverse side of this proxy card. When signing as attorney-in-fact, executor, administrator, trustee, guardian or other representative capacity, please give full title as such. [ ]|_| I plan on attending the Annual Meeting of Stockholders in person on April 12, 2005.18, 2006. PROMPTLY MARK, SIGN, DATE, TEAR ALONG THE PERFORATED LINE TO REMOVE PROXY CARD FROM BOOKLET, FOLD AND RETURN EITHER THROUGH PUBLIX'S UNMETERED MAIL SYSTEM OR IN THE ENCLOSED ENVELOPE. Return to: Retirement Department Publix Corporate Office Lakeland