Document


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) June 14, 2016

BEST BUY CO., INC.
(Exact name of registrant as specified in its charter)

Minnesota
 
1-9595
 
41-0907483
(State or other jurisdiction
of incorporation)
 
(Commission
File Number)
 
(IRS Employer
Identification No.)

7601 Penn Avenue South
 
 
Richfield, Minnesota
 
55423
(Address of principal executive offices)
 
(Zip Code)

Registrant’s telephone number, including area code (612) 291-1000

N/A
(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))





Item 5.07
Submission of Matters to a Vote of Security Holders.

On June 14, 2016, Best Buy Co., Inc. ("Best Buy" or the "registrant") held its Regular Meeting of Shareholders. At the close of business on April 18, 2016, the record date for the determination of shareholders to vote at the Regular Meeting of Shareholders, there were 324,078,217 shares of common stock of the registrant issued and outstanding. The holders of 297,897,669 shares of common stock were represented either in person or by proxy at the meeting, constituting a quorum.

The final results of the votes of the shareholders of the registrant are set forth below:

1.
Election of Directors. The following individuals were elected as directors for a term of one year, based upon the following votes:
Director Nominee
 
For
 
Against
 
Abstain
 
Broker Non-Vote
Lisa M. Caputo
 
274,465,404
 
2,205,768
 
148,221
 
21,078,276
J. Patrick Doyle
 
275,226,271
 
1,463,308
 
129,814
 
21,078,276
Russell P. Fradin
 
275,129,963
 
1,566,461
 
122,969
 
21,078,276
Kathy J. Higgins Victor
 
267,503,963
 
9,188,704
 
126,726
 
21,078,276
Hubert Joly
 
261,903,773
 
10,562,910
 
4,352,710
 
21,078,276
David W. Kenny
 
274,980,953
 
1,591,955
 
246,485
 
21,078,276
Karen A. McLoughlin
 
275,187,853
 
1,510,748
 
120,792
 
21,078,276
Thomas L. Millner
 
275,021,787
 
1,549,087
 
248,519
 
21,078,276
Claudia F. Munce
 
275,154,597
 
1,531,565
 
133,231
 
21,078,276
Gérard R. Vittecoq
 
274,933,785
 
1,621,085
 
264,523
 
21,078,276

2.
Ratification of Appointment of Independent Registered Public Accounting Firm. The appointment of Deloitte & Touche LLP as the registrant's independent registered public accounting firm for the fiscal year ending January 28, 2017, was ratified based upon the following votes:
For
 
Against
 
Abstain
295,970,340
 
1,221,807
 
705,522

3.
Advisory Vote on Executive Compensation. The proposal relating to the non-binding advisory vote to approve the executive compensation of the registrant was approved by shareholders based upon the following votes:
For
 
Against
 
Abstain
 
Broker Non-Vote
264,659,066
 
11,781,249
 
379,078
 
21,078,276

For additional information regarding the registrant, see the registrant's Annual Report on Form 10-K for the fiscal year ended January 30, 2016 and Proxy Statement dated May 3, 2016. Best Buy's Annual Report to Shareholders and its reports on Forms 10-K, 10-Q and 8-K and other publicly available information should be consulted for other important information about the registrant.


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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 
 
BEST BUY CO., INC.
 
 
(Registrant)
 
 
 
Date: June 15, 2016
By:
/s/ KEITH J. NELSEN
 
 
Keith J. Nelsen
 
 
Executive Vice President, General Counsel and Secretary


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