8-K

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) October 31, 2014

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:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(d) On October 31, 2014, the Board of Directors (the “Board”) of Best Buy Co., Inc. (“Best Buy,” the “Company” or the “registrant”) elected J. Patrick Doyle as a director, effective immediately. Mr. Doyle is currently the president and chief executive officer of Domino’s Pizza, Inc., a world leader in pizza delivery and the second largest pizza company in the world.

Mr. Doyle will be appointed to serve on a Board committee at a later date. Committee assignment(s), once determined, will be disclosed by the registrant in a Current Report on Form 8-K.

Mr. Doyle 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 2014 Regular Meeting of Shareholders filed with the Securities and Exchange Commission on April 29, 2014, in the section titled “Director Compensation”.

There are no transactions or relationships between the registrant and Mr. Doyle that are reportable under Item 404(a) of Regulation S-K.

Mr. Doyle is expected to stand for election to the registrant's Board at the 2015 Regular Meeting of Shareholders.

Item 7.01 Regulation FD Disclosure.

On November 3, 2014, Best Buy issued a news release announcing the appointment of Mr. Doyle 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.

The information in Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1 hereto, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to liability of that Section unless the registrant specifically incorporates it by reference in a document filed under the Securities Act of 1933, as amended, or the Exchange Act, of the Securities Exchange Act of 1934, as amended.

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 Exhibit 99.1 is furnished as an Exhibit to this Current Report on Form 8-K.

Exhibit No.	Description of Exhibit
99.1	News release issued November 3, 2014. 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.

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: November 3, 2014	By:	/s/ KEITH J. NELSEN
		Keith J. Nelsen
		Executive Vice President, General Counsel and Secretary

EX-99.1

Exhibit 99.1

Best Buy Welcomes New Member to its Board of Directors

MINNEAPOLIS - Nov. 3, 2014 - Best Buy Co., Inc. announced today the appointment of J. Patrick Doyle to its Board of Directors. Doyle is the president and chief executive officer of Domino’s Pizza, the world leader in pizza delivery and the second largest pizza company in the world.

Doyle, 51, joined Domino’s Pizza in 1997, serving in a variety of leadership roles across its domestic and international businesses. He has been president and chief executive officer of Domino’s since March 2010.

"The transformation work Patrick led at Domino’s is nothing short of remarkable," said Hatim Tyabji, chairman of the Best Buy Board of Directors. "Best Buy is in the midst of a similar effort, and Patrick’s insights and experiences will be invaluable to the Board and senior management. We are pleased he is joining us and look forward to welcoming him at our upcoming Board meeting."

"I have a high regard for what Best Buy has accomplished over the past few years. Transformations are not easy but it is clear that this Board and senior management are prepared to do the work necessary to delight Best Buy’s consumers, whether they come to the brand via the web or in stores," Doyle said. "I am honored to have the opportunity to play a role in furthering this transformation."

Before joining Domino's Pizza, Doyle served as vice president and general manager for Gerber Products Company. Doyle’s previous experience includes leadership roles at Intravascular SA in LaCiotat, France and First Chicago Corporation. Doyle earned an MBA from The University of Chicago Booth School of Business and an undergraduate degree in Economics from the University of Michigan.

Doyle joined the Best Buy Board of Directors effective Oct. 31, 2014. He will stand for ratification at the Company’s annual regular meeting of shareholders in June 2015.

Investor Contact:

Mollie O’Brien, 612-291-7735

mollie.obrien@bestbuy.com

Media Contact:

Amy von Walter, 612-291-4490

amy.vonwalter@bestbuy.com