Best Buy CO INC DEF 14A Filing

Ticker: BBY · Form: DEF 14A · Filed: Apr 30, 2024 · CIK: 764478

Best Buy CO INC DEF 14A Filing Summary
FieldDetail
CompanyBest Buy CO INC (BBY)
Form TypeDEF 14A
Filed DateApr 30, 2024
Pages15
Reading Time18 min
Key Dollar Amounts$1.1 billion, $0.94, $3,665,000, $3,420,000, $4,040,000
Sentimentneutral

Sentiment: neutral

FAQ

What type of filing is this?

This is a DEF 14A filing submitted by Best Buy CO INC (ticker: BBY) to the SEC on Apr 30, 2024.

What are the key financial figures in this filing?

Key dollar amounts include: $1.1 billion (In fiscal year 2024, Best Buy returned $1.1 billion to shareholders through dividends and s); $0.94 (l year 2025 quarterly dividend by 2% to $0.94 per share. We have raised our quarterly); $3,665,000 (pe Fiscal 2024 Fiscal 2023 Audit Fees $3,665,000 $3,420,000 Audit-Related Fees 364,000); $3,420,000 (024 Fiscal 2023 Audit Fees $3,665,000 $3,420,000 Audit-Related Fees 364,000 382,000); $4,040,000 (000 Other Fees 11,000 0 Total Fees $4,040,000 $3,847,000 Item No. 3: Say-on-Pay: Adv).

How long is this filing?

Best Buy CO INC's DEF 14A filing is 15 pages with approximately 4,532 words. Estimated reading time is 18 minutes.

Where can I view the full DEF 14A filing?

The complete filing is available on SEC EDGAR. You can also read the AI-decoded analysis with risk assessment and key highlights on ReadTheFiling.

Filing Stats: 4,532 words · 18 min read · ~15 pages · Grade level 12.9 · Accepted 2024-04-30 08:01:06

Key Financial Figures

Filing Documents

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 43 DELINQUENT SECTION 16(a) REPORTS 44 CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS 45 AUDIT COMMITTEE REPORT 46 ITEM OF BUSINESS NO. 2 — RATIFICATION OF APPOINTMENT OF OUR INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 47 Principal Accountant Services and Fees 47 Pre-Approval Policy 47 Board Voting Recommendation 48 ITEM OF BUSINESS NO. 3 — ADVISORY VOTE TO APPROVE NAMED EXECUTIVE OFFICER COMPENSATION 49 Information About the Advisory Vote to Approve Named Executive Officer Compensation 49 Board Voting Recommendation 49 2024 Proxy Statement TABLE OF CONTENTS PAGE EXECUTIVE AND DIRECTOR COMPENSATION 50 Compensation Discussion and Analysis 50 Executive Summary 51 Compensation Philosophy, Objectives and Policies 52 Governance 53 Factors in Decision-Making 54

Executive Compensation Elements

Executive Compensation Elements 55 Compensation and Human Resources Committee Report on Executive Compensation 63 Compensation and Human Resources Committee Interlocks and Insider Participation 63 Compensation of Executive Officers 64 Summary Compensation Table 64 Grants of Plan-Based Awards 66 Outstanding Equity Awards at Fiscal Year-End 67 Option Exercises and Stock Vested 70 Nonqualified Deferred Compensation 71 Potential Payments Upon Termination or Change-of-Control 71 Director Compensation 75 Equity Compensation Plan Information 78 CEO Pay Ratio 78 Pay Versus Performance 79 ITEM OF BUSINESS NO. 4 — SHAREHOLDER PROPOSAL – SHAREHOLDER OPPORTUNITY TO VOTE ON EXCESSIVE GOLDEN PARACHUTES 83 General Information 83 Summary of the Shareholder Proposal - Shareholder Opportunity to Vote on Excessive Golden Parachutes 84 85 Board Voting Recommendation 86 OTHER BUSINESS 86 PROPOSALS FOR THE NEXT REGULAR MEETING OF SHAREHOLDERS 87 SCHEDULE: RECONCILIATIONS OF NON-GAAP FINANCIAL MEASURES 88 CAUTIONARY STATEMENT PURSUANT TO THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 Section 27A of the Securities Act of 1933, as amended ("Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended ("Exchange Act"), provide a "safe harbor" for forward-looking statements to encourage companies to provide prospective information about their companies. With the exception of historical information, the matters discussed in this proxy statement on Schedule 14A are forward-looking statements and may be identified by the use of words such as "anticipate," "appear," "approximate," "assume," "believe," "continue," "could," "estimate," "expect," "foresee," "guidance," "intend," "may," "might," "outlook," "plan," "possible," "project" "seek," "should," "would," and other words and terms of similar meaning or the negatives thereof. Such statements reflect our current view with res

– The election of the eleven director nominees listed in this proxy statement

Item 1 – The election of the eleven director nominees listed in this proxy statement The affirmative vote of a majority of votes cast with respect to the director. "FOR" "AGAINST" "ABSTAIN" FOR No None Item 2 – The ratification of the appointment of Deloitte & Touche LLP as our independent registered public accounting firm for the fiscal year ending February 1, 2025 The affirmative vote of a majority of the voting power of the shares present in person or represented by proxy and entitled to vote on this item of business or, if greater, the vote required is a majority of the voting power of the minimum number of shares entitled to vote that would constitute a quorum at the Annual Meeting. FOR Yes Against

– The non-binding advisory vote to approve our named executive

Item 3 – The non-binding advisory vote to approve our named executive

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