Company: BBY
Filing Date: 2025-05-01
Form Type: DEF 14A
Source: 0001140361-25-016935
Chunk: 98

Company: BEST BUY CO INC
Filing Date: 2025-05-01
Form: DEF 14A
Chunk 98
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 do the political bidding of radical LGBTQ activists, which seek to sow gender confusion in children, encourage the permanent surgical procedures of confused teens, effectively eliminate girls’ and womens’ sports and bathrooms, and roll back longstanding religious liberties. Receiving a perfect or high score on the CEI can only mean that Best Buy – which has paid partnership with HRC 4– is spending shareholder assets to espouse and fund such partisan and divisive positions. This – in addition to adopting a number of other partisan policies – caused Best Buy to be rated as a “high risk” investment, according to 1792 Exchange’s Corporate Bias Ratings. 5 Recent events have made clear that shareholder value drops when companies engage in overtly divisive activism of the sort that the CEI demands. Following Bud Light’s embrace of such partisanship, its revenue fell $395 million in North America compared to a year prior. 6Target’s market cap fell over &15 billion amid backlash for similar actions. 7Disney stock fell 44 percent in 2022 – its worst performance in nearly 50 years – for putting divisive agendas ahead of parental rights. 8And Planet Fitness’ valuation dropped by $400 million in just five day for a similar controversy. 9 Some companies have responded to these risks accordingly: Lowe’s, Ford, Harley Davidson, Jack Daniels, Tractor Supply and Walmart all ended their CEI participation. 10 Out of its fiduciary duty to protect shareholders from value-destroying risk, Best Buy should end its participation in the CEI as well. Resolved: Shareholders request that the Board consider ending the Company’s participation in the Human Rights Campaign’s Corporate Equality Index.

| 1 | https://www.hrc.org/resources/cei-equality-100-award |

| 2 | https://reports.hrc.org/corporate-equality-index-2023 |

| 3 | https://www.hrc.org/resources/corporate-equality-index |

| 4 | https://www.hrc.org/about/corporate-partners |

| 5 | https://1792exchange.com/spotlight-reports/corporate-bias-ratings/?c_id=983 |

| 6 | https://www.cnn.com/2023/08/03/business/anheuser-busch-revenue-bud-light-intl-hnk/index.html; |

| 7 | https://www.foxbusiness.com/media/target-market-cap-losses-hit-15-7-billion-share-near-52-week-low-am