Best Buy Co., Inc. (BBY) said Thursday that the company's shareholders re-elected Lisa Caputo, Kathy Higgins Victor and Gerard Vittecoq as directors in the 2012 annual meeting.
Also in the meeting, shareholders approved a non-binding shareholder proposal requesting the board to take action to declassify its structure and require every director to stand for reelection on an annual basis.
The nonbinding advisory "Say on Pay" proposal regarding the fiscal 2012 compensation of Best Buy's named executive officers, however, received a no from the shareholders.
The board also implemented a change to the company's bylaws that will conform them to Minnesota statutes by setting 25 percent as the minimum threshold of ownership required for a shareholder to call a special meeting related to a change of control.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.