Best Buy 2009 Annual Report Download - page 44

Download and view the complete annual report

Please find page 44 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

(5) These amounts reflect short-term incentive payments made under our Executive Officer STIP. The respective short-term incentive programs are
described in Short-Term Incentive for Messrs. Anderson, Muehlbauer, Dunn, Willett and Morrish and Ms. Ballard beginning on page 34.
(6) We do not provide guaranteed, above-market or preferential earnings on compensation deferred under our Deferred Compensation Plan. The
investment options available for notional investment of deferred compensation are similar to those available under our Retirement Savings Plan and
are described in Non-Qualified Deferred Compensation on page 48.
(7) For fiscal 2009, these amounts include all other compensation as described in the following table:
Life and Long-Term
Retirement Plan Disability Insurance Tax Services Executive
Name Contribution(a) Premiums(b) Reimbursement(c) Physical(d) Other Total
Bradbury H. Anderson $ 8,568 $5,824 $1,456 $ — $ 21(e) $ 15,869
James L. Muehlbauer 11,135 1,788 — 3,618 — 16,541
Brian J. Dunn 8,796 2,229 1,520 2,573 22(e) 15,140
Robert A. Willett 7,738 8,043 7,725 5,367 15,174(f) 44,047
Shari L. Ballard 8,828 1,659 — — 1,842(g) 12,329
David J. Morrish 9,262 2,268 2,000 — 1,813,592(h) 1,827,122
(a) These amounts reflect our matching contributions to the named executive officer’s Retirement Savings Plan account.
(b) These amounts reflect the portions of premiums paid by us for: (i) life insurance coverage exceeding $50,000, and (ii) supplemental executive
long-term disability insurance.
(c) These amounts reflect reimbursement for tax planning and preparation expenses.
(d) The amount in this column reflects payment for a physical exam.
(e) The amount reflects tax gross-up payments.
(f) The amount reflects tax gross-up payments and immigration-related payments.
(g) The amount reflects imputed income from health benefits.
(h) The amount reflects tax gross-up payments, and the payments received related to Mr. Morrish’s voluntary separation. In addition to the amount
reflected here, Mr. Morrish also has the option to accept 18 months of COBRA and life insurance coverage. For more information about the
payments received because of Mr. Morrish’s voluntary separation, see Voluntary Separation Benefits on page 38.
(8) The amount reflects monthly cash bonus payments made in connection with Mr. Muehlbauer’s service as our interim chief financial officer.
(9) The amount of expense recognized for financial statement reporting purposes for fiscal 2009, 2008 and 2007 was accelerated with respect to certain
awards depending on their retirement provisions to reflect Mr. Willett’s retirement eligibility in accordance with SFAS No. 123(R).
(10) Mr. Morrish voluntarily terminated his employment with Best Buy on February 28, 2009, as part of the Voluntary Separation Offer as described in
detail on page 30. Mr. Morrish is included as a named executive officer due to the lump sum separation package he received upon departure.
44