{"schema_version":"secwatch.filing_event.v1","accession":"0000764478-24-000006","form_type":"8-K","ticker":"BBY","cik":"0000764478","company_name":"BEST BUY CO INC","filed_at":"2024-03-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.882656+00:00","generated_at":"2026-06-05T02:08:46.563040+00:00","sec_items":["5.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Best Buy board chair Doyle to step down; Kenny to become chair; new severance policy","bullets":["Director J. Patrick Doyle resigns effective June 12, 2024; replaced as Board Chair by David W. Kenny.","Director Eugene A. Woods will not stand for re-election at the June 2024 meeting, citing increased time commitments.","David C. Kimbell appointed Compensation and Human Resources Committee Chair, effective June 12, 2024.","New policy requires shareholder ratification for executive cash severance exceeding 2.99x base salary plus short-term incentive target.","Policy applies to new employment/severance agreements; Compensation Committee has sole authority to interpret."],"urls":{"canonical":"https://secwatch.observer/filing/0000764478-24-000006","json":"https://secwatch.observer/filing/0000764478-24-000006.json","markdown":"https://secwatch.observer/filing/0000764478-24-000006.md","text":"https://secwatch.observer/filing/0000764478-24-000006.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/764478/000076447824000006/0000764478-24-000006-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/764478/000076447824000006/bby-20240305x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T02:08:46.563040+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"3ad01c9cf4","claim":"J. Patrick Doyle resigned as Director and Board Chair at BEST BUY CO INC.","evidence_excerpt":"director J. Patrick Doyle tendered a letter to the registrant’s Board of Directors (the “Board”), stating his intent to resign from, and not stand for re-election to, the Board effective as of the end of his term on June 12, 2024, the date of the Company’s Regular Meeting of Shareholders (the “Meeting”).","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/764478/000076447824000006/0000764478-24-000006-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director and Board Chair"}],"fact_type":"executive_change"},{"claim_id":"8899da658b","claim":"Eugene A. Woods departed as Director at BEST BUY CO INC.","evidence_excerpt":"On March 5, 2024, Eugene A. Woods notified the Board that he would complete his term and would not stand for re-election at the Meeting.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/764478/000076447824000006/0000764478-24-000006-index.htm","confidence":0.9,"family_label":"Executive change","details":[{"label":"Action","value":"not stand for re-election"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"cf027cb129","claim":"David W. Kenny was appointed as Board Chair at BEST BUY CO INC.","evidence_excerpt":"The Board appointed David W. Kenny to be the Board Chair effective as of Mr. Doyle’s resignation on June 12, 2024.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/764478/000076447824000006/0000764478-24-000006-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Board Chair"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}