Best Buy Files 8-K on Officer/Director Changes

Ticker: BBY · Form: 8-K · Filed: 2025-09-12T00:00:00.000Z

Sentiment: neutral

Topics: management-change, corporate-governance, filing

Related Tickers: BBY

TL;DR

BBY 8-K filed: Officer/Director changes and comp arrangements.

AI Summary

Best Buy Co., Inc. filed an 8-K on September 12, 2025, reporting events on September 10, 2025. The filing pertains to the departure of directors or certain officers, the election of directors, the appointment of certain officers, and compensatory arrangements for certain officers. It also includes Regulation FD disclosures and financial statements/exhibits.

Why It Matters

This filing indicates potential shifts in the company's leadership and governance structure, which could impact strategic direction and investor confidence.

Risk Assessment

Risk Level: medium — Changes in key personnel and executive compensation can signal internal shifts that may affect future performance or strategy.

Key Players & Entities

FAQ

What specific officer or director positions were affected by the events reported on September 10, 2025?

The filing indicates events related to 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers,' but the specific names and roles are not detailed in the provided excerpt.

Are there any details regarding the compensatory arrangements for the officers mentioned?

The filing lists 'Compensatory Arrangements of Certain Officers' as an item information, but the specific details of these arrangements are not included in the provided text.

What is the significance of the Regulation FD Disclosure mentioned in the filing?

Regulation FD (Fair Disclosure) ensures that material information is broadly disseminated to the public, preventing selective disclosure to analysts or institutional investors.

What type of financial statements or exhibits are included with this 8-K filing?

The filing indicates 'Financial Statements and Exhibits' are included, but the specific nature of these documents is not detailed in the provided excerpt.

When was Best Buy Co., Inc. incorporated, and what is its fiscal year end?

Best Buy Co., Inc. was incorporated in Minnesota and its fiscal year ends on January 31.

From the Filing

0000764478-25-000045.txt : 20250912 0000764478-25-000045.hdr.sgml : 20250912 20250912090318 ACCESSION NUMBER: 0000764478-25-000045 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20250910 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20250912 DATE AS OF CHANGE: 20250912 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BEST BUY CO INC CENTRAL INDEX KEY: 0000764478 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-RADIO TV & CONSUMER ELECTRONICS STORES [5731] ORGANIZATION NAME: 07 Trade & Services EIN: 410907483 STATE OF INCORPORATION: MN FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-09595 FILM NUMBER: 251310158 BUSINESS ADDRESS: STREET 1: 7601 PENN AVE SOUTH CITY: RICHFIELD STATE: MN ZIP: 55423 BUSINESS PHONE: 6122911000 MAIL ADDRESS: STREET 1: 7601 PENN AVE SOUTH CITY: RICHFIELD STATE: MN ZIP: 55423 FORMER COMPANY: FORMER CONFORMED NAME: BEST BUYS CO INC DATE OF NAME CHANGE: 19900809 8-K 1 bby-20250910.htm 8-K bby-20250910 0000764478 False 0000764478 2025-09-10 2025-09-10 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) September 10, 2025 BEST BUY CO., INC. (Exact name of registrant as specified in its charter) Minnesota 1-9595 41-0907483 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) 7601 Penn Avenue South Richfield , Minnesota 55423 (Address of principal executive offices) (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: ¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading symbol Name of exchange on which registered Common Stock, $0.10 par value per share BBY New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ¨ If an emerging growth company, indicate by check mark if registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨ Item 5.02      Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (d) On September 10, 2025, the Board of Directors (the “Board”) of Best Buy Co., Inc. ("Best Buy" or the "registrant") elected Meghan C. Frank as a director, effective immediately. Ms. Frank is currently the Chief Financial Officer of lululemon athletica inc., a global athletic apparel, footwear and accessories company. Prior to Ms. Frank’s appointment as Chief Financial Officer ("CFO") in 2020, she served as interim co-CFO of lululemon as well as senior vice president of Financial Planning and A

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