Best Buy 2009 Annual Report Download - page 5

Download and view the complete annual report

Please find page 5 of the 2009 Best Buy annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 100

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100

BEST BUY CO., INC.
7601 Penn Avenue South
Richfield, Minnesota 55423
PROXY STATEMENT
REGULAR MEETING OF SHAREHOLDERS — JUNE 24, 2009
GENERAL INFORMATION
This proxy statement is furnished in connection with the Who may vote?
solicitation of proxies by the Board of Directors (the In order to vote at the Meeting, you must be a
‘‘Board’’) of Best Buy Co., Inc. (‘‘Best Buy,’’ ‘‘we,’’ shareholder of record of Best Buy as of April 27, 2009,
‘‘us,’’ or ‘‘our’’) to be voted at our 2009 Regular which is the record date for the Meeting. If your shares
Meeting of Shareholders (the ‘‘Meeting’’) to be held on are held in ‘‘street name’’ (that is, through a bank,
Wednesday, June 24, 2009, at 9:30 a.m., Central broker or other nominee), you will receive instructions
Time, at the Best Buy Corporate Campus — Theater, from the shareholder of record that you must follow in
7601 Penn Avenue South, Richfield, Minnesota, or at order for your shares to be voted as you choose.
any postponement or adjournment of the Meeting. The
When is the record date?
proxy materials were either made available to you over
the Internet or mailed to you beginning on or about The Board has established April 27, 2009, as the
May 12, 2009. record date for the Meeting.
How many shares of Best Buy common stock are
Background
outstanding?
What is the purpose of the Meeting?
As of the record date, there were 416,280,233 shares
At the Meeting, shareholders will vote on the items of of Best Buy common stock outstanding. There are no
business outlined in the Notice of 2009 Regular other classes of capital stock outstanding.
Meeting of Shareholders (the ‘‘Meeting Notice’’),
included as the cover page to this proxy statement. In Voting Procedure
addition, management will report on our business and
On what items of business am I voting?
respond to questions from shareholders.
You are being asked to vote on the following items of
Why did I receive a Notice of Internet Availability or why
business:
did I receive this proxy statement and a proxy card?
• The election of seven Class 2 directors for a term
You received a Notice of Internet Availability or this
of two years and the ratification of the
proxy statement and a proxy card because you owned
appointment of one Class 1 director;
shares of Best Buy common stock as of April 27, 2009,
the record date for the Meeting, and are entitled to vote • The ratification of the appointment of Deloitte &
on the items of business at the Meeting. This proxy Touche LLP as our independent registered public
statement describes the items of business that will be accounting firm for the fiscal year ending
voted on at the Meeting and provides information on February 27, 2010;
these items so that you can make an informed decision.
5