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 23, 2005
BEST BUY CO., INC.
(Exact name of registrant as specified in its charter)
Minnesota |
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1-9595 |
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41-0907483 |
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(State or other
jurisdiction |
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(Commission |
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(IRS Employer |
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7601
Penn Avenue South |
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55423 |
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(Address of principal executive offices) |
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(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 8.01 Other Events.
On June 23, 2005, Best Buy Co., Inc. issued a news release announcing that its Board of Directors approved a three-for-two stock split. Shareholders of record as of July 13, 2005, will receive one additional share for every two shares owned. The additional shares will be distributed on August 3, 2005. The registrant also announced its intention to increase its quarterly cash dividend rate, effective with the cash dividend which, if authorized, would be payable on October 25, 2005, to shareholders of record as of October 4, 2005.
The news release issued on June 23, 2005, is filed as Exhibit No. 99 to this Current Report on Form 8-K. Best Buy Co., Inc.’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.
Item 9.01 Financial Statements and Exhibits.
(c) Exhibits.
The following is filed as an Exhibit to this Report.
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Exhibit No. |
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Description of Exhibit |
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99 |
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News release issued June 23, 2005. Any internet addresses provided in this release are for information purposes only and are not intended to be hyperlinks. Accordingly, no information in any of these internet addresses is included herein. |
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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.
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BEST BUY CO., INC. |
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(Registrant) |
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Date: June 27, 2005 |
/s/ James L. Muehlbauer |
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James L. Muehlbauer |
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Senior Vice President – Finance |
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