Avnet, Inc. (NYSE:AVT) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On May 22, 2018, the Board of Directors of Avnet, Inc. (the “Company”) appointed Oleg Khaykin to serve as a director of the Company, effective immediately.Mr. Khaykin will serve on the Audit and Corporate Governance Committees.There is no arrangement or understanding with any person to which Mr. Khaykin was selected as a director.Mr. Khaykin’s 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 26, 2017.The Company issued a press release announcing the appointment of Mr. Khaykin, which is attached hereto as Exhibit 99.1.
Item 5.02 Financial Statements and Exhibits.
Press Release dated May 23, 2018.