Company: BBY
Filing Date: 2025-12-01
Form Type: 8-K
Source: 0000764478-25-000052
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Company: BEST BUY CO INC
Filing Date: 2025-12-01
Form: 8-K
Item: Item 5.02
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(d) On November 26, 2025, the Board of Directors (the “ Board”) of Best Buy Co., Inc. ("Best Buy" or the "registrant") elected A. Dylan Jadeja as a director, effective immediately.

Mr. Jadeja is currently the Chief Executive Officer of Riot Games, Inc. (“ Riot”), a video game developer and publisher. Prior to his appointment as CEO in 2023, Mr. Jadeja was appointed President of Riot in 2017, and in this role, oversaw all enterprise operations. He first joined Riot in 2011 as Chief Financial Officer and added Chief Operating Officer duties in 2014. Prior to joining Riot, Mr. Jadeja was Co-Head of West Coast Consumer Retail Coverage for Goldman Sachs. He began his career with Kearney Management Consulting.

Mr. Jadeja will be appointed to serve on a Board committee at a later date. Initial committee assignment(s), once determined, will be disclosed by the registrant in an amendment to this Current Report on Form 8-K.

Mr. Jadeja will be compensated in accordance with the registrant’s standard compensation policies and practices for the Board, the components of which were disclosed in the registrant’s Proxy Statement for its 2025 Regular Meeting of Shareholders filed with the Securities and Exchange Commission on May 1, 2025, in the section titled “Executive and Director Compensation - Director Compensation,” which is incorporated herein by reference.

There are no arrangements or understandings between Mr. Jadeja and any other person pursuant to which Mr. Jadeja was appointed to serve as a director. There are no transactions or relationships between the registrant and Mr. Jadeja that are reportable under Item 404(a) of Regulation S-K.

Mr. Jadeja is expected to stand for election to the registrant's Board at the 2026 Regular Meeting of Shareholders.

Item 7.01 Regulation FD Disclosure.