GRAYBAR ELECTRIC CO INC

What the company does

Graybar Electric Company, Inc. is an employee-owned company. Its active employees acquired all of the company’s common stock from Western Electric Company, Incorporated in 1929, and the company has continuously followed a policy limiting participation in its common stock purchase plan to regular employees and qualified retirees.

Use of proceeds

The company intends to add all net proceeds from the offering to working capital, in part to replenish amounts used to purchase common stock under the company’s purchase option. The proceeds may also be used to repay short-term indebtedness incurred for working-capital purposes; to the extent not needed for that purpose, they will be placed in general funds or invested in short-term securities.

Underwriters

The completed effective-prospectus read stated no underwriters.

Extracted from S-1/A 0000205402-26-000049, filed Oct 27, 2026 and verified against that filing text.

Key risk factors

• Limited appreciation potential

  “Accordingly, as long as Graybar exercises its option to purchase, appreciation in the value of an investment in our Common Stock is dependent solely on the Company’s ability and its board of director's willingness to declare stock dividends.”

• Dividend uncertainty

  “As a result of the limited appreciation potential, the value of our Common Stock is derived primarily from the payment of cash dividends.”

• Change-of-control impediments

  “The Voting Trust and the purchase option described above, as well as the potential issuance of Delegated Authority Preferred described below, could have the effect of delaying or preventing a change in control of the Company or discouraging an attempt by a third party to acquire control of the Company by tender offer or other means.”