Best Buy (NYSE: BBY) appoints Riot Games CEO A. Dylan Jadeja to board

Rhea-AI Filing Summary

Best Buy Co., Inc. announced that its Board of Directors elected A. Dylan Jadeja as a director, effective November 26, 2025. Jadeja is the Chief Executive Officer of Riot Games, Inc. and has previously served as Riot’s President, Chief Financial Officer and Chief Operating Officer, with earlier experience at Goldman Sachs and Kearney Management Consulting.

He will receive the standard Board compensation described in Best Buy’s 2025 proxy statement and will be assigned to at least one Board committee at a later date. There are no special arrangements leading to his appointment and no related-party transactions requiring disclosure. Jadeja is expected to stand for shareholder election to the Board at Best Buy’s 2026 Regular Meeting of Shareholders.

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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) November 26, 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 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.

On December 1, 2025, Best Buy issued a news release announcing the appointment of Mr. Jadeja to the Board as described above under Item 5.02. A copy of the news release is furnished as Exhibit 99.1 and incorporated herein by reference.

Best Buy's Annual Report to Shareholders and its reports on Forms 10-K, 10-Q and 8-K and other publicly available information should be consulted for other important information about the registrant.

Item 9.01      Financial Statements and Exhibits.

(d)Exhibits.

The following are furnished as Exhibits to this Current Report on Form 8-K.

Exhibit No.						Description of Exhibit
99.1						News release issued December 1, 2025. Any internet address provided in this release is for information purposes only and is not intended to be a hyperlink. Accordingly, no information at any internet address is included herein.
104						Cover Page Interactive Data File (embedded within the Inline XBRL document).

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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: December 1, 2025			By:			/s/ TODD G. HARTMAN
						Todd G. Hartman
						Executive Vice President, Chief Legal and Risk Officer & Secretary

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FAQ

Who did Best Buy (BBY) appoint to its Board of Directors?

Best Buy appointed A. Dylan Jadeja, the Chief Executive Officer of Riot Games, Inc., to its Board of Directors, effective November 26, 2025.

What is A. Dylan Jadeja’s background before joining Best Buy’s Board?

A. Dylan Jadeja is CEO of Riot Games. He previously served as Riot’s President, CFO and COO, and earlier worked as Co-Head of West Coast Consumer Retail Coverage at Goldman Sachs and at Kearney Management Consulting.

When will A. Dylan Jadeja stand for election by Best Buy (BBY) shareholders?

Best Buy expects A. Dylan Jadeja to stand for election to the Board at the company’s 2026 Regular Meeting of Shareholders.

How will A. Dylan Jadeja be compensated as a Best Buy director?

A. Dylan Jadeja will be compensated under Best Buy’s standard compensation policies and practices for directors, as described in the “Director Compensation” section of the company’s 2025 proxy statement.

Are there any related-party transactions between Best Buy (BBY) and A. Dylan Jadeja?

Best Buy states there are no transactions or relationships with A. Dylan Jadeja that are reportable under Item 404(a) of Regulation S-K.

Will A. Dylan Jadeja serve on any Best Buy Board committees?

Best Buy indicates that A. Dylan Jadeja will be appointed to at least one Board committee at a later date, and that the initial committee assignment will be disclosed in a future amendment.

How did Best Buy (BBY) publicly announce A. Dylan Jadeja’s appointment?

Best Buy issued a news release on December 1, 2025 announcing A. Dylan Jadeja’s appointment to the Board, which is furnished as Exhibit 99.1.