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): | June 15, 2015 |
AVNET, INC.
__________________________________________
(Exact name of registrant as specified in its charter)
| New York | 1-4224 | 11-1890605 |
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_____________________ (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))
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On June 15, 2015, the Board of Directors of Avnet, Inc. (the "Company") appointed Rodney C. Adkins to serve as a director of the Company, effective immediately. Mr. Adkins will serve on the Audit and Corporate Governance Committees. There is no arrangement or understanding with any person pursuant to which Mr. Adkins was selected as a director. Mr. Adkins’ compensation for service as a non-employee director will be consistent with that of the Company’s other non-employee directors, which is described under the heading "Director Compensation" in the Company’s definitive proxy statement filed with the Securities and Exchange Commission on September 25, 2014. The Company issued a press release announcing the appointment of Mr. Adkins, 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 June 15, 2015.
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. | ||||
| June 15, 2015 | By: |
/s/ Kevin Moriarty
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| Name: Kevin Moriarty | ||||
| Title: Sr. Vice President and Chief Financial Officer | ||||
Exhibit Index
| Exhibit No. | Description | |
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99.1
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Press release dated June 15, 2015 |
Exhibit 99.1
Avnet, Inc. Names Rodney C. Adkins to Its Board of Directors
PHOENIX – June 15, 2015 – Avnet, Inc. (NYSE: AVT), a leading global technology distributor, announced today that Rodney C. Adkins, president of 3RAM Group LLC, a privately-held company specializing in capital investments, business consulting services and property management, has been appointed to the company’s board of directors. He will serve on both the audit and corporate governance committees.
Prior to 3RAM Group LLC, Mr. Adkins was the senior vice president of corporate strategy for IBM, with responsibility for leading continuous transformation across IBM and developing strategies linked to execution plans for a new era of computing, new markets and new clients. He held a number of development and management roles during his more than 30-year career with IBM, which included serving as the senior vice president of IBM’s Systems and Technology Group. As a part of this, he led all aspects of IBM’s semiconductor, server, storage, and system software businesses, as well as the company’s Integrated Supply Chain and Global Business Partners organizations.
“Rod is a respected executive who understands the need for companies to continuously evolve to keep pace with the accelerated rate of change in the technology industry,” said William H. Schumann III, chairman of the board of Avnet, Inc. “With his history working for IBM, Rod will strengthen Avnet’s position as an innovative, world-leading technology distributor.”
In addition to Avnet, Mr. Adkins currently serves on the board of directors for W.W. Grainger, Inc., PPL Corporation and United Parcel Service, Inc.
Mr. Adkins has received multiple leadership awards throughout his career. He was inducted into the National Academy of Engineering and holds honorary doctorate degrees from the Georgia Institute of Technology and University of Maryland, Baltimore County. He also was selected as Black Enterprise magazine’s Corporate Executive of the Year in 2011.
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Connect with Avnet on LinkedIn or Facebook: http://www.linkedin.com/company/2572 or
facebook.com/avnetinc
Read more about Avnet on its blogs: http://blogging.avnet.com/
About Avnet, Inc.
Avnet, Inc. (NYSE: AVT), a Fortune 500 company, is one of the largest distributors of
electronic components, computer products and embedded technology serving customers globally. Avnet
accelerates its partners’ success by connecting the world’s leading technology suppliers with a
broad base of customers by providing cost-effective, value-added services and solutions. For the
fiscal year ended June 28, 2014, Avnet generated revenue of $27.5 billion. For more information,
visit www.avnet.com. (AVT—IR)
All company and product names may be trademarks of the respective companies with which they are associated.
Contact:
Avnet Investor Relations
Vincent Keenan, 480-643-7053
Vice President, Investor Relations
vincent.keenan@avnet.com