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): | April 13, 2012 |
AVNET, INC.
__________________________________________
(Exact name of registrant as specified in its charter)
New York | 1-4224 | 11-1890605 |
_____________________ (State or other jurisdiction |
_____________ (Commission |
______________ (I.R.S. Employer |
of incorporation) | File Number) | Identification No.) |
2211 South 47th Street, Phoenix, Arizona | 85034 | |
_________________________________ (Address of principal executive offices) |
___________ (Zip Code) |
Registrants telephone number, including area code: | 480-643-2000 |
Not Applicable
______________________________________________
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:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] 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.
On April 13, 2012, Avnet, Inc. (the "Company") announced that Raymond Sadowski, the Company’s Senior Vice President and Chief Financial Officer, has notified the Company of his intent to retire. The Company has initiated a search for Mr. Sadowski’s replacement and he will continue in his current role until his successor is in place. The Company issued a press release announcing Mr. Sadowski’s intent to retire, which is attached hereto as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit Number Description
99.1 Press release dated April 13, 2012
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.
AVNET, INC. | ||||
April 13, 2012 | By: |
/s/ Raymond Sadowski
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Name: Raymond Sadowski | ||||
Title: Senior Vice President and Chief Financial Officer |
Exhibit Index
Exhibit No. | Description | |
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99.1
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Press release dated April 13, 2012. |
Avnet, Inc.
2211 South 47th St.
Phoenix, AZ 85034
PRESS RELEASE
Avnet, Inc. Announces Plans for Chief Financial Officer Transition
Initiates Search for Successor
Phoenix, Arizona, April 13, 2012 Avnet, Inc. (NYSE:AVT), a leading global technology distributor, announced today that Ray Sadowski, the companys Chief Financial Officer for the past 19 years, has notified the company of his intent to retire. Accordingly, the company has initiated a search to replace him and has engaged Crist/Kolder Associates, a leading specialist search firm, to assist in this process. Mr. Sadowski will remain fully engaged in his current role and responsibilities until his successor is in place and will continue in a senior advisory role as needed to ensure a smooth and seamless transition.
Rick Hamada, chief executive officer, said Rays 33 total years of service and significant contributions to Avnets success are deeply appreciated. Although he will certainly be missed, we understand and respect his desire to initiate this personal transition and appreciate his proactive willingness to assist us through this critical succession.
About Avnet
Avnet, Inc. (NYSE:AVT), a Fortune 500 Company, is one of the largest distributors of electronic
components, computer products and embedded technology serving customers in more than 70 countries
worldwide. Avnet accelerates its partners success by connecting the worlds leading technology
suppliers with a broad base of more than 100,000 customers by providing cost-effective, value-added
services and solutions. For the fiscal year ended July 2, 2011, Avnet generated revenue of $26.5
billion. For more information, visit www.avnet.com. (AVTIR)
For more information, visit Avnets Investor Relations Website at www.ir.avnet.com or contact us at investorrelations@avnet.com. (AVTIR)
CONTACT: | Avnet, Inc. Vince Keenan VP, Investor Relations (480) 643-7053 investorrelations@avnet.com |
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