Best Buy Co. Inc.

06/22/2021 | Press release | Distributed by Public on 06/22/2021 14:35

Submission of Matters to a Vote of Security Holders (Form 8-K)

Submission of Matters to a Vote of Security Holders.

On June 16, 2021, Best Buy Co., Inc. (the 'registrant') held its Regular Meeting of Shareholders (the 'Meeting'). At the close of business on April 19, 2021, the record date for the determination of shareholders to vote at the Meeting, there were 250,398,562 shares of common stock of the registrant issued and outstanding. The holders of 224,571,324 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

208,449,992

431,004

199,094

15,491,234

Lisa M. Caputo

205,046,333

3,787,310

246,447

15,491,234

J. Patrick Doyle

208,016,418

689,826

373,846

15,491,234

David W. Kenny

206,995,924

1,826,293

257,873

15,491,234

Mario J. Marte

208,353,441

462,504

264,145

15,491,234

Karen A. McLoughlin

208,147,984

677,081

255,025

15,491,234

Thomas L. Millner

207,374,260

1,444,323

261,507

15,491,234

Claudia F. Munce

205,718,028

3,108,611

253,451

15,491,234

Richelle P. Parham

207,747,338

1,072,169

260,583

15,491,234

Steven E. Rendle

208,221,071

596,287

262,732

15,491,234

Eugene A. Woods

208,461,557

359,335

259,198

15,491,234

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 29, 2022, was ratified based upon the following votes:

For

Against

Abstain

Broker Non-Vote

221,641,502

2,706,212

223,610

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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

196,645,279

12,152,363

282,448

15,491,234

4.Vote on a Shareholder Proposal.The shareholder proposal entitled 'Right to Act by Written Consent' was rejected by shareholders based upon the following votes:

For

Against

Abstain

Broker Non-Vote

54,458,618

153,781,927

839,545

15,491,234

For additional information regarding the registrant, see the registrant's Annual Report on Form 10-K for the fiscal year ended January 30, 2021, and Proxy Statement dated May 5, 2021. 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.

Financial 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).

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