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 Officers

ME Staff 8-k
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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 Officers
Item 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.

(d) Exhibits.

Exhibit Number

Description

99.1

Press Release dated May 23, 2018.


AVNET INC Exhibit
EX-99.1 2 avt-20180524ex991152852.htm EX-99.1 avt_99-1   Exhibit 99.1     Avnet Names Oleg Khaykin to its Board of Directors     PHOENIX – May 23,…
To view the full exhibit click here

About Avnet, Inc. (NYSE:AVT)

Avnet, Inc. is a distributor of electronic components, enterprise computer, networking and storage products and software, information technology solutions and services, and embedded subsystems. The Company operates through two segments: Electronics Marketing (EM) and Technology Solutions (TS). The EM segment markets and sells semiconductors and interconnect, passive and electromechanical devices (IP&E), and embedded products to a customer base serving various end markets. The TS segment focuses on the distribution of enterprise computing servers and systems, software, storage, services and solutions from the technology manufacturers and software developers. It also provides hard disk drives, microprocessor, motherboard and dynamic random access memory module technologies to manufacturers of general-purpose computers and system builders. It has operations in the Americas; Europe, the Middle East and Africa (EMEA), and Asia/Pacific, consisting of Asia, Australia and New Zealand (Asia).