Company: BBY
Filing Date: 2025-09-18
Form Type: S-8
Source: 0001140361-25-035284
Chunk: 4

Company: BEST BUY CO INC
Filing Date: 2025-09-18
Form: S-8
Chunk 4
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 that the conduct was not opposed to the best interests of the corporation. If the person’s acts or omissions complained of in the proceeding relate to conduct as a director, officer, trustee, employee, or agent of an employee benefit plan, the conduct is not considered to be opposed to the best interests of the corporation if the person reasonably believed that the conduct was in the best interests of the participants or beneficiaries of the employee benefit plan. In addition, the registrant’s articles of incorporation provide that a director of the registrant shall not be personally liable to the registrant or its shareholders for monetary damages for breach of fiduciary duty as a director except for liability (1) for any breach of the director’s duty of loyalty to the registrant or its shareholders; (2) for acts or omissions not in good faith or which involve intentional misconduct or a knowing violation of law; (3) under Minnesota Statutes, Section 302A.559, for making an improper distribution; (4) under Minnesota Statutes, Section 80A.76, for violating the securities registration or anti-fraud provisions; (5) for any transaction from which the director derived an improper personal benefit; or (6) for acts or omissions occurring prior to the date when the relevant provision of the articles of incorporation became effective. The registrant’s articles of incorporation are consistent with the Minnesota Business Corporation Act and if such act is amended to authorize corporate action further eliminating or limiting the personal liability of directors, then the liability of a director of the registrant would be eliminated or limited to the fullest extent permitted by Minnesota law. The registrant has directors’ and officers’ liability insurance which is subject to various deductibles and exclusions from coverage.

| ITEM 7. | Exemption from Registration Claimed. |

Not applicable.

| ITEM 8. | Exhibits. |

| 4.1   
 4.2   | Amended and Restated Articles of Incorporation, (incorporated herein by reference to Exhibit 3.1 to the Current Report on Form 8-K filed by Best Buy Co., Inc. on June 12, 2020)                             
 Amended and Restated By-Laws, (incorporated herein by reference to Exhibit 3.1 to the Current Report on Form 8-K filed by Best Buy Co., Inc. on June 14, 2018)                                               |
|:------|:-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 4.3   | Best Buy Co., Inc.