Company: BBY
Filing Date: 2025-05-01
Form Type: DEF 14A
Source: 0001140361-25-016935
Chunk: 9

Company: BEST BUY CO INC
Filing Date: 2025-05-01
Form: DEF 14A
Chunk 9
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 receive instructions from the bank, broker or other nominee that you must follow in order for your shares to be voted as you choose. When is the record date? The Board has established the close of business on Monday, April 14, 2025, as the record date for the Meeting. How many shares of Best Buy common stock are outstanding? As of the record date, there were 211,685,537 shares of Best Buy common stock outstanding. There are no other classes of capital stock outstanding.

| 12 |     | 2025 Proxy Statement |

TABLE OF CONTENTS _________________________________ General Information

Voting Procedures What am I voting on, how many votes are required to approve each item, how are votes counted and how does the Board recommend I vote:

| Item                                                                                                                                                                   |     | Vote Required                                                                                                                                                                                                                                                                                                                    |     | Voting    
 Options   |     | Board             
 Recommendation(1) |     | Broker        
 Discretionary 
 Voting        
 Allowed(2)    |     | Impact of    
 Abstain Vote |
| Management Proposals                                                                                                                                                   |     |                                                                                                                                                                                                                                                                                                                                  |     |           |     |                   |     |               |     |              |
| ​Item 1 — The election of the eleven director nominees listed in this proxy statement                                                                                  |     | The affirmative vote of a majority of votes cast with respect to the director.                                                                                                                                                                                                                                                   |     | ​“FOR”    
 “AGAINST” 
 “ABSTAIN” |     | FOR               |     | No            |     | None         |
| Item 2 — The ratification of the appointment of Deloitte & Touche LLP as our independent registered public accounting firm for the fiscal year ending January 31, 2026 |     | The affirmative vote of a majority of the voting power of the shares present in person or represented by proxy and entitled to vote on this item of business or, if greater, the vote required is a majority of the voting power of the minimum number of shares entitled to vote that would constitute a quorum at the Meeting. |     | FOR       |     | Yes               |     | Against       |     |              |
| Item 3 — The non-binding advisory vote to approve our named executive officer compensation                                                                             |     | FOR                                                                                                                                                                                                                                                                                                                              |     | No        |     | Against           |     |               |     |              |
| Item 4 — The approval of Amendment No. 1 to our 2020 Omnibus Incentive Plan                                                                                            |     | FOR