Best Buy 2005 Annual Report Download - page 117

Download and view the complete annual report

Please find page 117 of the 2005 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 118

  • 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
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118

Best Buy 05 Annual Report
SHAREHOLDER INFORMATION
CORPORATE CAMPUS
Best Buy Co., Inc.
7601 Penn Avenue South
Richfield, MN 55423-3645
Phone: (612) 291-1000
INDEPENDENT
REGISTERED PUBLIC
ACCOUNTING FIRM
Ernst & Young LLP (fiscal 2005)
Deloitte & Touche LLP (fiscal 2006)
GENERAL COUNSEL
Robins, Kaplan, Miller
& Ciresi L.L.P.
ANNUAL
SHAREHOLDERS’
MEETING
June 23, 2005, 9:30 a.m. (CDT)
Best Buy Corporate CampusTheater
If you have a proposal for a future meet-
ing, please send it to Jennifer Driscoll
in the Investor Relations Department at
our Corporate Campus in Richfield. The
deadline for proposals to be considered
at the 2006 regular meeting of share-
holders is Jan. 21, 2006. More details
are included in our proxy statement.
GENERAL
INFORMATION
Shareholders may access Best Buy’s
SEC filings, annual reports and
quarterly financial results by visiting our
corporate Web site, www.BestBuy.com.
Scroll toward the bottom of the page
and select “For Our Investors.” A Web-
based e-mail notification system also is
available under “E-mail Alerts” to alert
subscribers to new financial releases,
SEC filings, upcoming events and other
significant postings.
You also may visit our Web site to
obtain product information, company
background information, current news
and financial information. Or, write to:
Best Buy Co., Inc.Investor Relations
Attn: Jennifer Driscoll
7601 Penn Avenue South
Richfield, MN 55423-3645
Phone: (612) 291-6111
TRANSFER AGENT
For questions regarding your stock
certificatessuch as lost certificates, name
changes and transfers of ownership—
please contact our transfer agent:
EquiServe Trust Company, N.A.
P.O. Box 43069
Providence, RI 02940-3069
Phone: (800) 446-2617 or
(781) 575-2692
Hearing impaired: (800) 490-1493
www.equiserve.com
DIVIDEND POLICY
In fiscal 2004, Best Buy initiated a
quarterly cash dividend to holders
of common shares. The quarterly rate
was 11 cents per common share at
the end of fiscal 2005.
DIRECT STOCK
PURCHASE PLAN
You may purchase Best Buy’s common
stock and/or elect to reinvest your
dividends directly through our transfer
agent. To obtain information on the
plan or to enroll:
By Mail: EquiServe Investment Plan
for Best Buy
c/o EquiServe
P.O. Box 43081
Providence, RI
02940-3081
By Phone: (877) 498-8861
By Internet: Go to www.BestBuy.com.
Scroll toward the bottom of the page,
select “For Our Investors” and then
“Direct Stock Purchase Plans.”
FINANCIAL RELEASES
FOR FISCAL 2006
Quarterly earnings releases normally
are distributed at 8 a.m., Eastern time.
Quarterly earnings conference calls
normally are scheduled at 10 a.m.,
Eastern time. The time of the December
revenue conference call varies. All
dates and times are subject to change
without notice.
Disclosure Date
First-Quarter Earnings 06/14/05
Second-Quarter Earnings 09/13/05
Third-Quarter Earnings 12/13/05
December Revenue 01/06/06
Fourth-Quarter Earnings 03/31/06
SHAREHOLDERS
AT A GLANCE
As of February 26, 2005, the percentage
of shares beneficially held by directors
and executive officers (25 people) was
18 percent, and Founder and Chairman
Richard M. Schulze held 51 million
shares beneficially (16 percent of shares
outstanding).
As of December 31, 2004, the number
of institutional shareholders was 735.
The percentage of shares held by institu-
tional shareholders was 73.4 percent.
The top institutional shareholders were:*
Capital Research &
Management Company
27.5 million shares
(8.4 percent of shares outstanding)
Wellington Management Company, LLP
10.3 million shares
Barclays Global Investors, U.S.
10.0 million shares
Fidelity Investments
8.6 million shares
T. Rowe Price Associates, Inc.
8.1 million shares
*Source: Citigate Financial Intelligence
The Nancekivell Group www.nancekivell.com
We value and appreciate your feedback on this
report and look forward to reading your comments
on the attached investor survey card.