Best Buy 2010 Annual Report Download - page 4

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BEST BUY CO., INC.
7601 Penn Avenue South
Richfield, Minnesota 55423
PROXY STATEMENT
REGULAR MEETING OF SHAREHOLDERS — JUNE 24, 2010
GENERAL INFORMATION
This proxy statement is furnished in connection with the voted on at the Meeting and provides information on
solicitation of proxies by the Board of Directors (the these items so that you can make an informed decision.
‘‘Board’’) of Best Buy Co., Inc. (‘‘Best Buy,’’ ‘‘we,’’
Who may vote?
‘‘us,’’ or ‘‘our’’) to be voted at our 2010 Regular
Meeting of Shareholders (the ‘‘Meeting’’) to be held on In order to vote at the Meeting, you must be a
Thursday, June 24, 2010, at 9:30 a.m., Central Time, shareholder of record of Best Buy as of April 27, 2010,
at the Best Buy Corporate Campus — Theater, 7601 which is the record date for the Meeting. If your shares
Penn Avenue South, Richfield, Minnesota, and on the are held in ‘‘street name’’ (that is, through a bank,
Internet at www.proxyvote.com or broker or other nominee), you will receive instructions
www.virtualshareholdermeeting.com/bby, or at any from the shareholder of record that you must follow in
postponement or adjournment of the Meeting. The proxy order for your shares to be voted as you choose.
materials were either made available to you over the
Internet or mailed to you beginning on or about When is the record date?
May 11, 2010. The Board has established April 27, 2010, as the
record date for the Meeting.
Background
What is the purpose of the Meeting? How many shares of Best Buy common stock are
outstanding?
At the Meeting, shareholders will vote on the items of
business outlined in the Notice of 2010 Regular As of the record date, there were 421,962,573 shares
Meeting of Shareholders (the ‘‘Meeting Notice’’), of Best Buy common stock outstanding. There are no
included as the cover page to this proxy statement. In other classes of capital stock outstanding.
addition, management will report on our business and
respond to questions from shareholders. Voting Procedure
On what items of business am I voting?
Why did I receive a Notice of Internet Availability or why
did I receive this proxy statement and a proxy card? You are being asked to vote on the following items of
business:
You received a Notice of Internet Availability or this
proxy statement and a proxy card because you owned • The election of five Class 1 directors for a term
shares of Best Buy common stock as of April 27, 2010, of two years;
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
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