Company: BBY
Filing Date: 2025-05-01
Form Type: DEF 14A
Source: 0001140361-25-016935
Chunk: 28

Company: BEST BUY CO INC
Filing Date: 2025-05-01
Form: DEF 14A
Chunk 28
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, Minnesota 55423 Mr. Hartman will forward all written correspondence to the appropriate director(s), except for spam, junk mail, mass mailings, customer complaints or inquiries, job inquiries, surveys, business solicitations or advertisements or patently offensive or otherwise inappropriate material. Mr. Hartman may, at his discretion, forward certain correspondence, such as customer-related inquiries, elsewhere within the Company for review and possible response. Comments or questions regarding our accounting, internal controls or auditing matters will be referred to the Audit Committee. Comments or questions regarding the nomination of directors and other corporate governance matters will be referred to the Nominating Committee. Comments or questions regarding executive compensation will be referred to the Compensation Committee. Corporate Governance Website If you would like additional information about our corporate governance practices, you may view the following documents at www.investors.bestbuy.comunder “Governance—Governance Documents.”

| • | Amended and Restated Articles of Incorporation |

| • | Amended and Restated By-laws of Best Buy Co., Inc. |

| • | Corporate Governance Principles |

| • | Audit Committee Charter |

| • | Compensation and Human Resources Committee Charter |

| • | Finance and Investment Policy Committee Charter |

| • | Nominating, Corporate Governance and Public Policy Committee Charter |

| • | Code of Ethics |

| • | Best Buy Co., Inc. 2020 Omnibus Incentive Plan |

| • | Policy for Shareholder Nomination of Candidates to Become Directors of the Company |

| • | Process for Communication with the Board of Directors |

| 28 |     | 2025 Proxy Statement |

TABLE OF CONTENTS Item of Business No. 1 — Election of Directors General Information Our By-laws provide that our Board consist of one or more directors and that the number of directors may be increased or decreased from time to time by the affirmative vote of a majority of the directors serving at the time that the action is taken. The number of directors on our Board is reviewed and set by our Board no less often than annually. In March 2025, the Board set the number of directors at eleven as of the Meeting. The Board will continue to evaluate the size of the Board and make adjustments as needed to meet the current and future needs of the Company. Director Nomination Process The Nominating Committee is responsible for screening and recommending to the full Board director candidates for nomination. When the Board and its Nominating Committee determines that a director nomination or search is necessary, the process is robust, thorough and