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): FEBRUARY 22, 1999 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 February 22, 1999, Best Buy Co., Inc., announced a 2-for-1 stock split, payable in the form of a 100% stock dividend. Shareholders of record on Thursday, March 4, 1999, will receive one additional share for every share held, to be issued on Thursday, March 18, 1999. After the split, the company will have approximately 200 million shares outstanding. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS. (c) EXHIBITS 99 Press Release issued February 22, 1999. 2 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: February 22, 1999 By: /s/ELLIOT S. KAPLAN ----------------------------------- Elliot S. Kaplan, Secretary 3