Company: BBY
Filing Date: 2025-05-01
Form Type: DEF 14A
Source: 0001140361-25-016935
Chunk: 3

Company: BEST BUY CO INC
Filing Date: 2025-05-01
Form: DEF 14A
Chunk 3
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 of the Securities Act of 1933, as amended (“Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (“Exchange Act”), provide a “safe harbor” for forward-looking statements to encourage companies to provide prospective information about their companies. With the exception of historical information, the matters discussed in this proxy statement on Schedule 14A are forward-looking statements and may be identified by the use of words such as “anticipate,” “appear,” “approximate,” “assume,” “believe,” “continue,” “could,” “estimate,” “expect,” “foresee,” “guidance,” “intend,” “may,” “might,” “outlook,” “plan,” “possible,” “project” “seek,” “should,” “would,” and other words and terms of similar meaning or the negatives thereof. Such statements reflect our current view with respect to future events and are subject to certain risks, uncertainties and assumptions. A variety of factors could cause our future results to differ materially from the anticipated results expressed in such forward-looking statements. Readers should review Item 1A, Risk Factors,of our most recently filed Annual Report on Form 10-K for a description of important factors that could cause our future results to differ materially from those contemplated by the forward-looking statements made in this proxy statement on Schedule 14A. Our forward-looking statements speak only as of the date of this proxy statement or as of the date they are made, and we undertake no obligation to update our forward-looking statements.

TABLE OF CONTENTS

Proxy Summary At our 2025 Regular Meeting of Shareholders, we are asking shareholders to vote on eight key items. This section highlights information contained in other parts of this proxy statement. We encourage you to review the entire proxy statement for more detail on these items, as well as our Annual Report and our CEO’s Letter to Shareholders posted on our website at www.investors.bestbuy.com. Items of Business for Vote at our Regular Meeting of Shareholders This year, we are requesting your support for the following Items of Business:

| Item                 
 Number               |     | Item Description                                                                                                                                                                                                                                                                                                                                               |     | Board          
 Recommendation |
| Management Proposals |     |                                                                                                                                                                                                                                                                                                                                                                |     |                |
| 1                    |     | Election of Directors                                                                                                                                                                                                                                                                                                                                          
 We have eleven director nominees standing for election this year. More information about our nominees’ qualifications and experience can be found starting on page29.                                                                                                                                                                                          |     | FOR            
 EACH NOMINE