01—Abstract
Summary
Summary of the 8-K filed June 17, 2026. Cited figures are marked; the original filing is the authoritative source.
Best Buy Co., Inc. reported the results of its Regular Meeting of Shareholders, held June 12, 2026.
Of the 210,695,187 shares of common stock issued and outstanding at the April 13, 2026 record date, 192,047,934 shares were represented in person or by proxy, which constituted a quorum. Shareholders elected all 13 director nominees to one-year terms. Each nominee received more votes for than against, though the margins varied.
Corie S. Barry received 174,219,448 votes for, while Meghan C. Frank received 151,714,690 for and 23,937,869 against.
Shareholders also ratified Deloitte & Touche LLP as the independent registered public accounting firm for the fiscal year ending January 30, 2027, with 178,210,655 votes for and 13,484,723 against. Shareholders approved, on a non-binding advisory basis, the executive compensation of the company, with 156,029,981 votes for and 19,570,647 against.
A shareholder proposal titled "Report on Risks of Non-Fiduciary Executive Compensation Metrics" was rejected, receiving 2,717,793 votes for and 172,239,179 against. A second shareholder proposal, "Sustainability ROI Report," was not voted on because neither the proponent nor a qualified representative appeared at the meeting to present it.
02—Key points
Key Highlights
- Regular Meeting of Shareholders held June 12, 2026; 192,047,934 of 210,695,187 outstanding shares were represented, constituting a quorum.
- All 13 director nominees were elected to one-year terms, with the lowest "for" vote count at 151,714,690 (Meghan C. Frank).
- Deloitte & Touche LLP ratified as independent registered public accounting firm for the fiscal year ending January 30, 2027 (178,210,655 for; 13,484,723 against).
- Non-binding advisory vote on executive compensation approved (156,029,981 for; 19,570,647 against; 425,797 abstain).
- Shareholder proposal "Report on Risks of Non-Fiduciary Executive Compensation Metrics" rejected (2,717,793 for; 172,239,179 against).
- Shareholder proposal "Sustainability ROI Report" was not voted on because the proponent did not appear at the meeting.
- Broker non-votes of 16,021,509 were recorded on the director elections and the executive compensation vote.
03—Questions
Frequently Asked Questions
When and where was the shareholder meeting held, and was a quorum present?
The Regular Meeting of Shareholders was held on June 12, 2026. The record date was April 13, 2026, when 210,695,187 shares were outstanding. Holders of 192,047,934 shares were represented in person or by proxy, which constituted a quorum.
Which directors were elected, and for how long?
Thirteen nominees were elected as directors for a one-year term: Corie S. Barry, Lisa M. Caputo, Meghan C. Frank, A. Dylan Jadeja, David W. Kenny, David C. Kimbell, Mario J. Marte, Karen A. McLoughlin, Claudia F. Munce, Richelle P. Parham, Steven E. Rendle, Sima D. Sistani, and Melinda D. Whittington.
Did shareholders approve the executive compensation program?
Yes. The non-binding advisory vote on executive compensation was approved, with 156,029,981 votes for, 19,570,647 against, 425,797 abstentions, and 16,021,509 broker non-votes.
What did shareholders decide about the auditor and the shareholder proposals?
Shareholders ratified Deloitte & Touche LLP as the independent registered public accounting firm for the fiscal year ending January 30, 2027. They rejected the proposal titled "Report on Risks of Non-Fiduciary Executive Compensation Metrics" (2,717,793 for; 172,239,179 against). The "Sustainability ROI Report" proposal was not voted on because its proponent did not appear to present it.
04—Continue