Company: BBY
Filing Date: 2025-05-01
Form Type: DEF 14A
Source: 0001140361-25-016935
Chunk: 102

Company: BEST BUY CO INC
Filing Date: 2025-05-01
Form: DEF 14A
Chunk 102
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 In its discretion, the Board may wish to include in the report information such as: whether the company has inclusive nondiscrimination policies or guidelines, the equality and inclusiveness of employee benefits and the policies around restrictions of the charitable giving of its employee affinity groups. Additionally, it may wish to disclose whether Best Buy collects anonymized sexual orientation and gender identity data to guide talent development, increase productivity, and demonstrate to the market that inclusive teams are serving them.

| 1 | http://www.wsj.com/articles/new-york-pension-fund-to-vote-against-best-buy-chairman-in-dispute-over-lgbtq-support-d0cc6639 |

| 102 |     | 2025 Proxy Statement |

TABLE OF CONTENTS _________________________ Item of Business No. 7 — Shareholder Proposal Statement in Opposition The Board has carefully considered this proposal and does not believe that its adoption is in the best interests of Best Buy and its shareholders. The Board therefore unanimously recommends a vote AGAINSTthis proposal. Since its founding, Best Buy’s success has been driven by its people. This is reflected in our Company values, which were established decades ago and hold as true today as when our founder created them. These values focus, in part, on what it means to unleash the power of our people, as individuals, and learning from challenge and change so we can all develop, grow and be the best version of ourselves. With more than 80,000 employees and locations in several countries and in every U.S. state, we know that developing and sustaining a culture consistent with these values, where all of our team members can feel valued and included, has been and remains key to the Company’s long-term success. Consistent with the role our culture plays in our Company, management dedicates substantial resources and efforts toward understanding the needs of our diverse global workforce and inclusive culture as part of its day-to-day operations. These efforts include regularly monitoring retention rates, which remain industry-leading, and employee feedback and survey results, which currently show inclusion action and non-discrimination as top strengths of the Company. The Company already provides detailed information regarding these efforts in its Corporate Responsibility and Sustainability Report, as well as in other disclosures. In addition, the Board plays an active role in overseeing management’s efforts to ensure its culture is consistent with employee, customer and shareholder interests, including reviewing internal and external risks that management believes could disrupt this culture and/or threaten the Company’s ability to serve its employees and customers. In particular, the Compensation & Human Resources Committee of the Board is