Company: BBY
Filing Date: 2025-05-01
Form Type: DEF 14A
Source: 0001140361-25-016935
Chunk: 18

Company: BEST BUY CO INC
Filing Date: 2025-05-01
Form: DEF 14A
Chunk 18
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 Nielsen. The Board determined that the Company’s relationship with Nielsen was not material and did not impair Mr. Kenny’s independence. Board Meetings and Attendance During fiscal 2025, the Board held four regular meetings and no special meetings. Each incumbent director attended, in person or by telephone, at least 75% of the meetings of both the Board and committees on which he or she served. Directors are required to attend our regular meetings of shareholders, and eleven of our then-serving directors attended the 2024 Regular Meeting of Shareholders either in-person or virtually. Executive Sessions of Independent Directors Our independent directors, led by our Chair, meet in executive sessions of independent directors during each regularly scheduled Board meeting. Independent directors use these sessions as a forum for open discussion about the Company, our senior management and any other matters they deem appropriate.

| 2025 Proxy Statement |     | 19 |

TABLE OF CONTENTS Corporate Governance at Best Buy _____________________________

Committees of the Board The Board has four committees: Audit, Compensation and Human Resources, Finance and Investment Policy and Nominating, Corporate Governance and Public Policy. The charters for each committee are posted on our website at www.investors.bestbuy.com. The charters are reviewed annually and include information regarding each committee’s composition, purpose and responsibilities. The Board has determined that all members of the Audit Committee, Compensation Committee and Nominating Committee are independent as defined under the SEC and NYSE rules. The Board has also determined that, during fiscal 2025, three of the five members of the Audit Committee qualified as audit committee financial experts under SEC rules, and that each of the members of the Audit Committee has accounting and related financial management expertise in accordance with the NYSE listing standards. The key responsibilities, fiscal 2025 membership and number of meetings held in fiscal 2025 for each committee are set forth below: Audit

| Mario J. Marte*†        
 Karen A. McLoughlin†    
 Claudia F. Munce        
 Steven E. Rendle        
 Melinda D. Whittington† 
 9                       
 Number of Meetings      
 held in Fiscal 2025     |     | •Assists the Board in its oversight of:                                                                                                                                                                                                                             
 -the integrity of our financial statements and financial reporting processes;                                                                                                                                                                                       
 -our internal accounting systems and financial and operational controls;                                                                                                                                                                                            
 -our legal compliance and ethics programs, including our legal, regulatory and risk oversight requirements, and the major risks facing the Company (including risks related to finance, operations and