false000076447800007644782022-06-092022-06-09

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) June 9, 2022

Picture 2

BEST BUY CO., INC.

(Exact name of registrant as specified in its charter)

Minnesota

1-9595

41-0907483

(State or other jurisdiction

of incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)

7601 Penn Avenue South

Richfield, Minnesota

55423

(Address of principal executive offices)

(Zip Code)

Registrant’s telephone number, including area code (612) 291-1000

N/A

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol

Name of exchange on which registered

Common Stock, $0.10 par value per share

BBY

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company

If an emerging growth company, indicate by check mark if registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.


 

Item 5.07Submission of Matters to a Vote of Security Holders.

On June 9, 2022, Best Buy Co., Inc. (the “registrant”) held its Regular Meeting of Shareholders (the “Meeting”). At the close of business on April 11, 2022, the record date for the determination of shareholders to vote at the Meeting, there were 224,967,724 shares of common stock of the registrant issued and outstanding. The holders of 199,241,014 shares of common stock were represented either in person or by proxy at the Meeting, which constituted a quorum.

The final results of the votes of the shareholders of the registrant are set forth below:

1.Election of Directors. The following individuals were elected as directors for a term of one year, based upon the following votes:

Director Nominee

 

For

 

Against

 

Abstain

 

Broker Non-Vote

Corie S. Barry

 

182,819,893

 

393,338

 

177,008

 

15,850,775

Lisa M. Caputo

 

178,914,434

 

4,252,848

 

222,957

 

15,850,775

J. Patrick Doyle

 

182,517,269

 

553,445

 

319,525

 

15,850,775

David W. Kenny

 

180,843,860

 

2,327,928

 

218,451

 

15,850,775

Mario J. Marte

182,391,270

776,071

222,898

15,850,775

Karen A. McLoughlin

 

182,844,154

 

338,295

 

207,790

 

15,850,775

Thomas L. Millner

 

182,361,263

 

810,124

 

218,852

 

15,850,775

Claudia F. Munce

 

182,888,204

 

301,650

 

200,385

 

15,580,775

Richelle P. Parham

 

177,652,863

 

5,519,946

 

217,430

 

15,580,775

Steven E. Rendle

182,819,684

341,562

228,993

15,580,775

Eugene A. Woods

 

182,563,171

 

598,490

 

228,578

 

15,580,775

2.Ratification of Appointment of Independent Registered Public Accounting Firm. The appointment of Deloitte & Touche LLP as the registrant’s independent registered public accounting firm for the fiscal year ending January 28, 2023, was ratified based upon the following votes:



 

 

 

 

 

 

For

 

Against

 

Abstain

 

Broker Non-Vote

196,047,033

3,046,865

147,116

 

3.Advisory Vote on Executive Compensation. The proposal relating to the non-binding advisory vote to approve the executive compensation of the registrant was approved by shareholders based upon the following votes:

For

 

Against

 

Abstain

 

Broker Non-Vote

171,648,247

11,456,831

285,161

15,850,775

For additional information regarding the registrant, see the registrant's Annual Report on Form 10-K for the fiscal year ended January 29, 2022, and Proxy Statement dated April 27, 2022. Best Buy's Annual Report to Shareholders and its reports on Forms 10-K, 10-Q and 8-K and other publicly available information should be consulted for other important information about the registrant.

Item 9.01Financial Statements and Exhibits.

(d) Exhibits.

The following is furnished as an Exhibit to this Current Report on Form 8-K.

Exhibit No.

Description of Exhibit

104

Cover Page Interactive Data File (embedded within the Inline XBRL document).

2


 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

BEST BUY CO., INC.

(Registrant)

Date: June 13, 2022

By:

/s/ TODD G. HARTMAN

Todd G. Hartman

Executive Vice President, General Counsel, Chief Risk Officer and Secretary

 

3

Best Buy (NYSE:BBY)
Historical Stock Chart
From Jul 2022 to Aug 2022 Click Here for more Best Buy Charts.
Best Buy (NYSE:BBY)
Historical Stock Chart
From Aug 2021 to Aug 2022 Click Here for more Best Buy Charts.