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): APRIL 27, 1998
BEST BUY CO., INC.
(Exact name of registrant as specified in charter)
MINNESOTA 1-9595 41-0907483
(State or other (Commission File (I.R.S. Employer
jurisdiction of Number) Identification No.)
incorporation)
7075 FLYING CLOUD DRIVE, EDEN PRAIRIE, MINNESOTA 55344
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: 612\947-2000
NO CHANGE
(Former name or former address, if changed since last report)
ITEM 5. OTHER EVENTS.
On April 27, 1998, Best Buy Co., Inc., announced a 2-for-1 stock split,
payable in the form of a 100% stock dividend. Shareholders of record on Monday,
May 11, 1998, will receive one additional share for every share held, to be
issued on Tuesday, May 26, 1998. After the split, the company will have
approximately 100 million shares outstanding.
On April 27, 1998, the company also announced that over 99% of the 6 1/2%
Convertible Monthly Income Preferred Securities of Best Buy Capital, L.P. had
been converted into the company's common stock as of the close of business on
Friday, April 24, 1998, the Conversion Expiration Date.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) EXHIBITS
99 Press Release issued April 27, 1998.
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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: April 27, 1998 By: /s/Elliot S. Kaplan
---------------------------------
Elliot S. Kaplan, Secretary
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