Best Buy 2009 Annual Report Download - page 7

independent registered public accounting firm are quarter ending August 29, 2009. Our Quarterly Report
considered ‘‘routine’’ matters under New York Stock on Form 10-Q is required to be filed with the SEC
Exchange (‘‘NYSE’’) rules. The NYSE rules allow within 40 days of the end of our fiscal quarter.
brokerage firms to vote their clients’ shares on routine
matters if the clients do not provide voting instructions at Proxy Solicitation
least 10 days prior to the shareholder meeting. The How are proxies solicited?
approval of amendments to our 2004 Omnibus Stock
We will request that brokerage firms, banks, other
and Incentive Plan and Amended and Restated Articles
custodians, nominees, fiduciaries and other
of Incorporation are considered ‘‘non-routine’’ matters
representatives of shareholders forward the Notice of
under NYSE rules. The NYSE rules do not allow
Internet Availability and, as applicable, the proxy
brokerage firms to vote their clients’ shares on
materials, themselves, to the beneficial owners of our
non-routine matters in the absence of affirmative voting
common stock. We expect to solicit proxies primarily by
instructions.
Internet and mail, but directors, officers, other
If your brokerage firm votes your shares on routine employees and agents of Best Buy may also solicit
matters because you do not provide voting instructions, proxies in person, by telephone, through electronic
your shares will be counted for purposes of establishing transmission and by facsimile transmission. Directors
a quorum to conduct business at the Meeting and in and employees of Best Buy do not receive additional
determining the number of shares voted for or against compensation for soliciting shareholder proxies.
the routine matter. If your brokerage firm lacks
Who will pay for the cost of soliciting proxies?
discretionary voting power with respect to an item that is
not a routine matter and you do not provide voting We pay all of the costs of preparing, printing and
instructions (a ‘‘broker non-vote’’), your shares will be distributing proxy materials. We will reimburse brokerage
counted for purposes of establishing a quorum to firms, banks and other representatives of shareholders
conduct business at the Meeting, but will not be counted for reasonable expenses incurred as defined in the NYSE
in determining the number of shares voted for or schedule of charges.
against the non-routine matter. Abstentions are counted
How can multiple shareholders sharing the same
as present and entitled to vote for purposes of
address request to receive only one set of proxy
determining a quorum and will have the same effect as
materials and other investor communications?
votes against a proposal.
If you opt to continue to receive paper copies of our
What if I change my mind after I vote via proxy?
proxy materials, you may elect to receive future proxy
You may revoke your proxy at any time before your materials, as well as other investor communications, in
shares are voted by: a single package per address. This practice, known as
‘‘householding,’’ is designed to reduce our printing and
• Submitting a later-dated proxy prior to the
postage costs. To make the election, please indicate on
Meeting (by mail, Internet or telephone);
your proxy card under ‘‘Householding Election’’ your
• Voting in person at the Meeting; or consent to receive such communications in a single
• Providing written notice to Best Buy’s Secretary at package per address. Once we receive your consent,
our principal office. we will send a single package per household until you
revoke your consent by notifying our Investor Relations
Where can I find the voting results of the Meeting? Department at 7601 Penn Avenue South, Richfield, MN
We will announce the preliminary voting results at the 55423, or by telephone at [phone]. We will
Meeting. We will publish the final voting results in our start sending you individual copies of proxy materials
Quarterly Report on Form 10-Q for our second fiscal
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