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  18, 2019

AVNET, INC.
(Exact name of registrant as specified in its charter)

 

 

(480) 643-2000

(Registrant’s telephone number, including area code.)

 

N/A

(Former name and 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 (see General Instruction A.2. below):

☐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))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

 

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the 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 February 19, 2019, the Company issued a press release announcing the promotions of MaryAnn G. Miller to Senior Vice President, Chief Administrative Officer and Ken E. Arnold to Senior Vice President, Chief People Officer, both effective as of February 18, 2019, which press release is attached hereto as Exhibit 99.1.

 

The information set forth in this Item 8.01, including Exhibit 99.1, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section, and it shall not be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or under the Exchange Act, except as expressly provided by specific reference in such a filing.

Item 9.01    Financial Statements and Exhibits.

(d) Exhibits.

The following materials are attached as exhibits to this Current Report on Form 8-K:

 

 

 

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.

 

 

 

Exhibit 99.1

 

 

Avnet Announces Executive Promotions

MaryAnn Miller and Ken Arnold take on new roles in Avnet’s Leadership Team

 

PHOENIX – February 19, 2019 –  Avnet (Nasdaq: AVT), a leading global technology solutions company, today announced two significant leadership promotions.

 

MaryAnn Miller, senior vice president, chief human resources officer and global marketing & communications, has been promoted to chief administrative officer, reporting to CEO Bill Amelio. In her new role, Ms. Miller will work closely with Avnet’s senior leaders to accelerate the progress of their multi-year strategic plan. This includes strengthening the alignment and value proposition of Avnet’s unique solutions ecosystem and driving the performance of new high margin business segments.

 

Ken Arnold, vice president of human resources for the Americas, has been promoted to senior vice president and chief people officer, reporting to CEO Bill Amelio. Mr. Arnold has been with Avnet for 21 years and brings a breadth of human resources knowledge and operations experience to the role.  During his time at Avnet, Mr. Arnold has played a pivotal role building a strong talent acquisition and management capability to ensure Avnet can achieve its growth and transformation objectives.

 

“MaryAnn has deep expertise across multiple disciplines and her thoughtful perspective and balanced approach will serve Avnet well in her new role,” said Bill Amelio, Avnet CEO. “Ken’s extensive knowledge and understanding of the company, combined with his stellar reputation of high-integrity, passion for people, and collaborative approach will bring fresh new perspective and energy to our people management practices. These executive promotions are an important part of Avnet’s leadership succession process and demonstrate the depth of our talent pipeline.”

 

Avnet supports customers of all sizes at each stage of the product lifecycle with a comprehensive ecosystem and portfolio of design and supply chain services. The company’s workforce has deep expertise in design and engineering, coupled with broad knowledge of distribution and integration that uniquely position the company to meet customers’ critical time-to-market needs and also help them to reduce risk and lower costs.

 

 

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Connect with Avnet on Facebook: http://www.facebook.com/AvnetInc

Connect with Avnet on LinkedIn: http://www.linkedin.com/company/avnet

 

All brands and trade names are trademarks or registered trademarks, and are the properties of their respective owners. Avnet disclaims any proprietary interest in marks other than its own.

About Avnet

Avnet is a global technology solutions provider with an extensive ecosystem delivering design, product, marketing and supply chain expertise for customers at every stage of the product lifecycle. We transform ideas into intelligent solutions, reducing the time, cost and complexities of bringing products to market. For nearly a century, Avnet has helped its customers and suppliers around the world realize the transformative possibilities of technology. Learn more at Avnet.com.

 

Media Contacts

 

Maureen O’Leary

Avnet

maureen.oleary@avnet.com 

480-643-7499

 

Jamie Ernst

Brodeur Partners, for Avnet

jernst@brodeur.com 

480-308-0286