---
schema_version: "secwatch.filing_event.v1"
accession: "0000764478-26-000012"
form_type: "8-K"
ticker: "BBY"
cik: "0000764478"
company_name: "BEST BUY CO INC"
filed_at: "2026-04-22T23:59:59+00:00"
generated_at: "2026-05-15T04:58:44.984663+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Best Buy names Jason Bonfig as CEO, CEO Corie Barry to depart Oct 31, 2026

## Summary
- Corie Barry will step down as CEO and Board member effective Oct 31, 2026; she will serve as strategic advisor for 6 months post-departure at $1M salary.
- Jason Bonfig appointed CEO and Board member effective Nov 1, 2026; he currently oversees merchandising, ecommerce, supply chain, Best Buy Canada, and Best Buy Ads.
- Bonfig's base salary raised to $1.25M; short-term incentive target 190% of salary; long-term incentive target $10.125M starting fiscal 2028.
- Bonfig's initial term is 3 years; enhanced severance upon change-of-control termination (2x base+bonus plus pro-rata annual bonus).
- Board conducted extensive internal/external search; Bonfig is the sixth CEO in the company's 60-year history.

## SEC filing metadata
- accession: 0000764478-26-000012
- form_type: 8-K
- ticker: BBY
- cik: 0000764478
- company_name: BEST BUY CO INC
- filed_at: 2026-04-22T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/764478/000076447826000012/0000764478-26-000012-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/764478/000076447826000012/bby-20260419.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000764478-26-000012
- JSON: https://secwatch.observer/filing/0000764478-26-000012.json
- Plain text: https://secwatch.observer/filing/0000764478-26-000012.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.