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AVNET, INC. (Form: 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):   February 11, 2010

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)
     
Registrant’s 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))

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

On February 12, 2010, Avnet announced that effective February 11, 2010, William H. Schumann III, executive vice president and chief financial officer of FMC Technologies, Inc., has been appointed to the company’s board of directors, for a term expiring at the 2010 Annual Meeting of Shareholders. Mr. Schumann will serve on both the Audit and Finance Committees.
A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.





Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.
The following materials are attached as exhibits to this Current Report on Form 8-K:

Exhibit
Number Description

99.1 Press Release dated February 12, 2010





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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.

         
    AVNET, INC.
          
February 12, 2010   By:   /s/ Raymond Sadowski
       
        Name: Raymond Sadowski
        Title: Senior Vice President and Chief Financial Officer

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Exhibit Index


     
Exhibit No.   Description
 
99
  Press Release dated February 12, 2010.
EX-99

Exhibit 99.1

Avnet, Inc. Names William H. Schumann III to its Board of Directors

Phoenix, Arizona, February 15, 2010 — Avnet, Inc. (NYSE:AVT) today announced that William H. Schumann III, executive vice president and chief financial officer of FMC Technologies, Inc., has been appointed to the company’s board of directors. Mr. Schumann’s appointment brings the total number of Avnet directors to ten, nine of whom are independent outside directors. He will serve on both the Audit and Finance Committees.

“Bill’s experience in running global operations along with his financial expertise should benefit Avnet as we continue to manage and develop Avnet’s business around the world,” commented Roy Vallee, Avnet’s chairman and chief executive officer. “Mr. Schumann is a welcome addition to our board of directors.”

Since 2001, Schumann has served as the chief financial officer of FMC Technologies, Inc., a leading provider of technology solutions for the energy industry and other industrial markets, worldwide. Previously, he served as the senior vice president and chief financial officer of FMC Corporation, and vice president and general manager of its Agricultural Products Group..

Mr. Schumann serves on the board of directors of Great Lakes Advisors, an independent investment management firm, and had previously served on the board of United Agri Products, an agricultural products distributor.

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 world’s leading technology suppliers with a broad base of more than 100,000 customers and by providing cost-effective, value-added services and solutions. For the fiscal year ended June 27, 2009, Avnet generated revenue of $16.23 billion. For more information, visit www.avnet.com.

All company and product names may be trademarks of the respective companies with which they are associated.

For more information, please contact:

Investor Relations
Vincent Keenan
Vice President, Investor Relations
Tel: +1 (480) 643-7053