secwatch / observer

BEST BUY CO INC — fact timeline

Source-grounded facts extracted from BEST BUY CO INC's SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

BBY BEST BUY CO INC JSON
Shareholder Votes

BEST BUY CO INC shareholders rejected Report on Risks of Non-Fiduciary Executive Compensation Metrics at the 2026-06-12 meeting.

“4. Vote on a Shareholder Proposal. The shareholder proposal entitled “Report on Risks of Non-Fiduciary Executive Compensation Metrics,” was rejected by shareholders based upon the following votes: For Against Abstain Broker Non-Vote 2,717,793 172,239,179 1,069,453 16,021,509”
Shareholder Votes

BEST BUY CO INC shareholders approved Advisory Vote on Executive Compensation at the 2026-06-12 meeting.

“3. Advisory Vote on Executive Compensation. The proposal relating to the non-binding advisory vote to approve the executive compensation of the registrant was approved by shareholders based upon the following votes: For Against Abstain Broker Non-Vote 156,029,981 19,570,647 425,797 16,021,509”
Shareholder Votes

BEST BUY CO INC shareholders approved Ratification of Appointment of Independent Registered Public Accounting Firm at the 2026-06-12 meeting.

“2. Ratification of Appointment of Independent Registered Public Accounting Firm . The appointment of Deloitte & Touche LLP as the registrant’s independent registered public accounting firm for the fiscal year ending January 30, 2027, was ratified based upon the following votes: For Against Abstain Broker Non-Vote 178,210,655 13,484,723 352,556 —”
Shareholder Votes

BEST BUY CO INC shareholders approved Election of Directors at the 2026-06-12 meeting.

“1. Election of Directors. The following individuals were elected as directors for a term of one year, based upon the following votes: Director Nominee For Against Abstain Broker Non-Vote Corie S. Barry 174,219,448 1,435,568 371,409 16,021,509 Lisa M. Caputo 169,214,311 6,445,797 366,317 16,021,509 Meghan C. Frank 151,714,690 23,937,869 373,866 16,021,509 A. Dylan Jadeja 174,568,714 1,075,796 381,915 16,021,509 David W. Kenny 171,567,526 4,087,708 371,191 16,021,509 David C. Kimbell 171,080,295 4,569,542 376,588 16,021,509 Mario J. Marte 171,924,438 3,721,006 380,981 16,021,509 Karen A. McLoughlin 172,747,823 2,910,656 367,946 16,021,509 Claudia F. Munce 172,419,287 3,239,814 367,324 16,021,509 Richelle P. Parham 174,044,370 1,605,771 376,284 16,021,509 Steven E. Rendle 151,075,008 24,572,718 378,699 16,021,509 Sima D. Sistani 152,266,243 23,379,510 380,672 16,021,509 Melinda D. Whittington 151,096,604 24,552,830 376,991 16,021,509”
Debt Financings

BEST BUY CO INC incurred revolving credit of $1.25 billion with U.S. Bank National Association, as administrative agent, Bank of America, N.A., as syndication agent, and a syndicate of banks at variable based on prime rate, federal funds effective rate, overnight bank fundi maturing April 2030.

“On April 18, 2025, Best Buy Co., Inc. ("Best Buy" or the "registrant") entered into a new $1.25 billion five-year senior unsecured revolving credit facility agreement (the "Five-Year Facility Agreement") with U.S. Bank National Association ("U.S. Bank"), as administrative agent, Bank of America, N.A., as syndication agent, and a syndicate of banks (collectively, the "Lenders").”

Eugene A. Woods departed as Director at BEST BUY CO INC.

“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.”

David W. Kenny was appointed as Board Chair at BEST BUY CO INC.

“The Board appointed David W. Kenny to be the Board Chair effective as of Mr. Doyle’s resignation on June 12, 2024.”

J. Patrick Doyle resigned as Director and Board Chair at BEST BUY CO INC.

“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”).”
Earnings Releases

BEST BUY CO INC reported financial results for the 14-week fourth quarter ended February 3, 2024.

“On February 29, 2024, Best Buy Co., Inc. (“Best Buy” or the “registrant”) issued a news release announcing its results of operations for the fourth quarter ended February 3, 2024.”
Earnings Releases

BEST BUY CO INC updated its FY24 guidance (lowered).

“Based on the sales trends in Q3 and so far in November, we believe it is prudent to lower our annual revenue outlook.”
Earnings Releases

BEST BUY CO INC updated its the 13-week third quarter ended October 28, 2023 guidance (lowered).

“On November 21, 2023, Best Buy Co., Inc. (“Best Buy” or the “registrant”) issued a news release announcing its results of operations for the third quarter ended October 28, 2023.”
Earnings Releases

BEST BUY CO INC reported financial results for Q2 FY24.

“On August 29, 2023, Best Buy Co., Inc. (“Best Buy” or the “registrant”) issued a news release announcing its results of operations for the second quarter ended July 29, 2023.”

David C. Kimbell was elected as Director at BEST BUY CO INC.

“On July 28, 2023, the Board of Directors (the “Board”) of Best Buy Co., Inc. ("Best Buy" or the "registrant") elected David C. Kimbell as a director, effective immediately.”
Shareholder Votes

BEST BUY CO INC shareholders approved Advisory Vote on Frequency of Holding the Shareholder Advisory Vote on Executive Compensation at the 2023-06-14 meeting.

“4. Advisory Vote on Frequency of Holding the Shareholder Advisory Vote on Executive Compensation. Shareholders recommended by a non-binding advisory vote to continue to hold the advisory vote on executive compensation every year based upon the following votes: One Year Two Years Three Years Abstain Broker Non-Vote 173,600,458 218,167 3,597,453 184,442 16,807,408”
Shareholder Votes

BEST BUY CO INC shareholders approved Advisory Vote on Executive Compensation at the 2023-06-14 meeting.

“3. Advisory Vote on Executive Compensation. The proposal relating to the non-binding advisory vote to approve the executive compensation of the registrant was approved by shareholders based upon the following votes”
Shareholder Votes

BEST BUY CO INC shareholders approved Ratification of Appointment of Independent Registered Public Accounting Firm at the 2023-06-14 meeting.

“2. Ratification of Appointment of Independent Registered Public Accounting Firm . The appointment of Deloitte & Touche LLP as the registrant’s independent registered public accounting firm for the fiscal year ending February 3, 2024, was ratified based upon the following votes”
Shareholder Votes

BEST BUY CO INC shareholders approved Election of Directors at the 2023-06-14 meeting.

“1. Election of Directors. The following individuals were elected as directors for a term of one year, based upon the following votes”
Earnings Releases

BEST BUY CO INC updated its 13-week first quarter ended April 29, 2023 guidance (reaffirmed).

“On May 25, 2023, Best Buy Co., Inc. (“Best Buy” or the “registrant”) issued a news release announcing its results of operations for the first quarter ended April 29, 2023.”

Thomas L. Millner retired as Director and Audit Committee Chair at BEST BUY CO INC.

“director Thomas L. Millner tendered a letter to the registrant’s Board of Directors (the “Board”), stating his intent to retire from, and not stand for re-election to, the Board effective as of the end of his term on June 14, 2023”
Material Agreements

BEST BUY CO INC terminated $1.25 billion senior unsecured revolving credit facility dated as of May 18, 2021 with JPMorgan Chase Bank, N.A. valued at $1,250,000,000 (effective 2023-04-12).

“(“Best Buy” or the “registrant”) entered into a new $1.25 billion five-year senior unsecured revolving credit facility agreement (the “Five-Year Facility Agreement”) with JPMorgan Chase Bank, N.A. (“ JPMorgan”), as administrative agent, and a syndicate of banks (collectively, the “ Lenders” ).”
Material Agreements

BEST BUY CO INC entered into $1.25 billion five-year senior unsecured revolving credit facility agreement with JPMorgan Chase Bank, N.A. valued at $1,250,000,000 (effective 2023-04-12).

“On April 12, 2023, Best Buy Co., Inc. (“Best Buy” or the “registrant”) entered into a new $1.25 billion five-year senior unsecured revolving credit facility agreement (the “Five-Year Facility Agreement”) with JPMorgan Chase Bank, N.A. (“ JPMorgan”), as administrative agent, and a syndicate of banks (collectively, the “ Lenders” ).”

Melinda D. Whittington was elected as director at BEST BUY CO INC.

“On March 28, 2023, the Board of Directors (the “Board”) of Best Buy Co., Inc. ("Best Buy" or the "registrant") elected Sima D. Sistani and Melinda D. Whittington as directors, effective immediately.”

Sima D. Sistani was elected as director at BEST BUY CO INC.

“On March 28, 2023, the Board of Directors (the “Board”) of Best Buy Co., Inc. ("Best Buy" or the "registrant") elected Sima D. Sistani and Melinda D. Whittington as directors, effective immediately.”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.