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    Best Buy Co. Inc. filed SEC Form 8-K: Leadership Update

    7/11/25 8:45:55 AM ET
    $BBY
    Consumer Electronics/Video Chains
    Consumer Discretionary
    Get the next $BBY alert in real time by email
    bby-20250708x8k
    false000076447800007644782025-07-082025-07-08

    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) July 8, 2025

    Image - Image1.jpeg

    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.‌

    (b) Best Buy Co., Inc. (the “Company” or “registrant”) announced that Damien Harmon, the Company’s Senior Executive Vice President, Channel & Customer Experiences & Enterprise Services, is stepping down from his role effective July 18, 2025, to pursue other interests. The registrant does not currently intend to fill the position of Senior Executive Vice President, Channel & Customer Experiences & Enterprise Services. Instead, upon Mr. Harmon’s departure, his responsibilities will be allocated to the Company’s Chief Executive Officer and other members of the Company’s executive leadership team. Following his departure, Mr. Harmon will receive separation benefits in accordance with the Company’s ERISA plan.

    ‌


    ‎

    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: July 11, 2025

    By:

    /s/ TODD G. HARTMAN

    Todd G. Hartman

    Executive Vice President, Chief Legal & Risk Officer and Secretary

    3

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