SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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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.
Effective on October 1, 2020, Peter G. Bartolotta is moving on from his role as the Company’s President of Business Transformation. The Company expects to pay Mr. Bartolotta severance in accordance with the terms of his employment letter agreement.
In connection with Philip R. Gallagher's appointment as Interim Chief Executive Officer on July 31, 2020, Mr. Gallagher's annualized base salary was increased to $1.0 million, effective as of August 1, 2020. This base salary increase will continue for the length of the interim period.
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.
|Date: September 4, 2020||AVNET, INC.|
|By:||/s/ Thomas Liguori|
|Name: Thomas Liguori|
|Title: Chief Financial Officer|