Brian Dunn was the CEO of Best Buy from 2009 to 2012. He started his journey with Best Buy in 1985 as a store sales associate and worked his way up through various roles, including President and Chief Operating Officer....

Number of Employees

85K

Year

2012

Total Compensation

$4.61M

Salary

$1.10M

Board Justification

The compensation philosophy emphasizes alignment with shareholder interests and performance-based pay, particularly in light of feedback from shareholders regarding past compensation practices.

Bonus

$0.00

Board Justification

No short-term incentive payments were made to Mr. Dunn due to performance metrics not being met in fiscal 2013.

Other

$968.14K

Board Justification

This includes severance payment, compensation for unused vacation, and other benefits as per the separation agreement.

Restricted Stock

$2.54M(131.88K restricted stock)

Board Justification

The previously awarded restricted stock grants of 131,876 shares continued to vest over the next three years as per the terms of the separation agreement, subject to compliance with non-competition provisions.

Performance Metrics

The performance metrics for fiscal 2013 included revenue and net operating profit, which were not met, resulting in no short-term incentive payments.

SEC Filing

From May 8, 2013