ARW 8-K
Arrow Electronics, Inc. (ARW)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
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| Item 5.02. |
Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers |
On August 16, 2023, Arrow Electronics, Inc. (the “Company”) issued a press release announcing that Richard J. Marano will succeed Kirk D. Schell as President, Global Components, subject to formal Board appointment at the Board’s next regularly scheduled meeting on September 13, 2023. Mr. Schell will begin transitioning responsibilities to Mr. Marano immediately.
| Item 7.01. | Regulation FD Disclosure |
A copy of the press release announcing this leadership transition is attached hereto as Exhibit 99.1. The information included in this Current Report on Form 8-K under this Item 7.01 (including Exhibit 99.1) shall not be deemed “filed” for the 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, nor shall it be deemed incorporated by reference into any filing made by the Company under the Exchange Act or the Securities Act of 1933, as amended, except as expressly set forth by specific reference in such filing.
| Item 9.01. | Financial Statements and Exhibits |
(d) Exhibits
| Exhibit Number | Description | |
| 99.1 | Press release issued by Arrow Electronics, Inc. dated August 16, 2023 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURE
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.
| ARROW ELECTRONICS, INC. | ||
| Date: August 16, 2023 | By: | /s/ Carine Jean-Claude |
| Name: | Carine Jean-Claude | |
| Title: | Senior Vice President, Chief Legal Officer, and Secretary | |
Exhibit 99.1
Arrow Electronics Names Rick Marano President of Global Components
August 16, 2023
CENTENNIAL, Colo.--(BUSINESS WIRE)-- Arrow Electronics, Inc. (NYSE:ARW) today announced that Rick Marano will be named president of the company’s global components business, subject to formal Board appointment at the Board’s next regularly scheduled meeting on September 13, 2023.
Rick Marano will succeed Kirk Schell and will report to Sean J. Kerins, president and chief executive officer.
Previously Marano served as president of Arrow’s Americas components business and has been with the company for over 30 years, starting in sales and steadily growing his career through the leadership ranks.
“Rick is a widely respected leader and mentor, with a particular track record of consistently developing talent and driving business results,” said Mr. Kerins. “We look to Rick to build upon the growth of our components business.”
About Arrow Electronics
Arrow Electronics guides innovation forward for over 210,000 leading technology manufacturers and service providers. With 2022 sales of $37 billion, Arrow develops technology solutions that help improve business and daily life. Learn more at fiveyearsout.com.
Investor contact:
Arrow Electronics, Inc.
Anthony Bencivenga
Vice President, Investor Relations
303-566-7456
Media contact:
Arrow Electronics, Inc.
John Hourigan
Vice President, Public Affairs and Corporate Marketing
[email protected]
303-824-4586
Source: Arrow Electronics