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Best Buy 8-K Report, Executive Changes (Jul 11, 2025)

Reports
Leadership Changes
Filing Date
Filed July 11, 2025
Period End
July 8, 2025
Security
BBY
In the record · 2016–202610-K1110-Q328-K109

BBY filed 11 annual reports (10-K), 32 quarterly reports (10-Q) and 109 current reports (8-K) between 2016 and 2026.

  1. Material agreement8-K · Jun ’16Jun ’16
  2. Leadership change8-K · Apr ’19Apr ’19
  3. Material agreement8-K · May ’21May ’21
  4. Leadership change8-K · Aug ’26Aug ’26

01—Abstract

Summary

Summary of the 8-K filed July 11, 2025. Cited figures are marked; the original filing is the authoritative source.

Best Buy Co., Inc. filed a Current Report on Form 8-K under Item 5.02 announcing that Damien Harmon, the Company's Senior Executive Vice President, Channel & Customer Experiences & Enterprise Services, is stepping down from his role effective July 18, 2025, to pursue other interests.

The Company does not currently intend to fill the Senior Executive Vice President, Channel & Customer Experiences & Enterprise Services position. Upon Mr. Harmon's departure, his responsibilities will be allocated to the Chief Executive Officer and other members of the executive leadership team.

Following his departure, Mr. Harmon will receive separation benefits in accordance with the Company's ERISA plan. The filing does not disclose the dollar value of these benefits.

02—Key points

Key Highlights

  1. Senior Executive Vice President Damien Harmon is stepping down effective July 18, 2025, to pursue other interests.
  2. The Company does not currently intend to fill the Senior Executive Vice President, Channel & Customer Experiences & Enterprise Services role.
  3. Harmon's responsibilities will be distributed to the CEO and other members of the executive leadership team.
  4. Mr. Harmon will receive separation benefits in accordance with the Company's ERISA plan.
  5. The filing is a Item 5.02 disclosure covering a departure of a certain officer and related compensatory arrangements.

03—Questions

Frequently Asked Questions

  1. Who is leaving Best Buy and when does the departure take effect?

    Damien Harmon, Senior Executive Vice President, Channel & Customer Experiences & Enterprise Services, is stepping down effective July 18, 2025.

  2. Will Best Buy replace Damien Harmon?

    The Company does not currently intend to fill the position. His responsibilities will instead be allocated to the Chief Executive Officer and other members of the executive leadership team.

  3. Why is Damien Harmon leaving?

    The filing states that he is stepping down to pursue other interests.

  4. What separation benefits will Mr. Harmon receive?

    The filing states he will receive separation benefits in accordance with the Company's ERISA plan, but does not specify amounts.

04—Continue

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