Current Report Filing (8-k)
October 12 2021 - 07:55AM
Edgar (US Regulatory)
false000076447800007644782021-10-102021-10-10
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 10, 2021
BEST BUY CO., INC.
(Exact name of registrant as specified in its charter)
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Minnesota
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1-9595
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41-0907483
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(State or other jurisdiction
of incorporation)
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(Commission
File Number)
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(IRS Employer
Identification No.)
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7601 Penn Avenue South
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Richfield,
Minnesota
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55423
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(Address of principal executive offices)
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(Zip Code)
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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:
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Written communications pursuant to Rule 425 under the
Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange
Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to
Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
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Pre-commencement communications pursuant to
Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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Securities registered pursuant to Section 12(b) of the
Act:
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Title of each class
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Trading symbol
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Name of exchange on which registered
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Common Stock, $0.10 par value per share
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BBY
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New York Stock Exchange
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Indicate by check mark whether the registrant is an emerging growth
company as defined in Rule 405 of the Securities Act of 1933
(§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange
Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if registrant
has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided
pursuant to Section 13(a) of the Exchange Act.
Item 8.01
Other Events.
On October 10, 2021, Best Buy Co., Inc. (the “Company” or
“registrant”) entered into an agreement to acquire Current Health
Ltd., a leading care-at-home technology platform that brings
together remote patient monitoring, telehealth, and patient
engagement into a single solution for healthcare organizations.
Current Health Ltd. is headquartered in Edinburgh, United
Kingdom.
The transaction is subject to regulatory approval and customary
closing conditions and is expected to close by the end of the
Company's fiscal 2022 fourth quarter. The acquisition will be
financed with cash and is not expected to impact the Company’s
previously communicated plan to spend more than $2.5 billion on
share repurchases during fiscal 2022.
Item 9.01
Financial Statements and Exhibits.
(d) Exhibits.
The following is furnished as an Exhibit to this Current Report on
Form 8-K.
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Exhibit No.
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Description of Exhibit
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104
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Cover Page Interactive Data File (embedded within the Inline XBRL
document).
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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.
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BEST BUY CO., INC.
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(Registrant)
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Date: October 12, 2021
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By:
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/s/ TODD G. HARTMAN
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Todd G. Hartman
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Executive Vice President, General Counsel, Chief Risk Officer and
Secretary
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