8-K

AVNET INC (AVT)

8-K 2020-11-19 For: 2020-11-17
View Original
Added on April 09, 2026

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT PURSUANTTO SECTION 13 OR 15(d) OF THESECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported) November 17, 2020

AVNET,INC.****(Exact name of registrant as specified in its charter)

New York 1-4224 11-1890605
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
2211 South 47th Street, Phoenix, Arizona 85034
--- ---
(Address of principal executive offices) (Zip Code)

(480) 643-2000

(Registrant’s telephone number, including area code.)

N/A

(Former name or former address, if changed since last report.)

Securities registered or to be registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol Name of each exchange on which registered:
Common stock, par value $1.00 per share AVT NASDAQ Global Select Market

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
--- ---
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
--- ---
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
--- ---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 5.07      Submission of Matters to aVote of Security Holders.

On November 17, 2020, Avnet, Inc. (the “Company”) held its 2020 Annual Meeting of Shareholders (“Annual Meeting”). The three proposals submitted to a vote of the shareholders are described in the Company’s Proxy Statement in connection with the Annual Meeting. As of September 18, 2020, the record date, there were a total of 98,836,102 shares of common stock outstanding and entitled to vote at the Annual Meeting. Of the common stock entitled to vote, 92,585,553, or approximately 93.67% of the common stock, were represented in person or by proxy, which constituted a quorum under the Company’s By-Laws. Set forth below is a brief description of each matter voted on at the Annual Meeting, how the votes were cast and the final voting results with respect to each such matter.

Proposal 1 – The election of ten directors to serveon the Board of Directors until the next annual meeting and until their successors have been elected and qualified.

****<br><br>Director Nominees ****<br><br>For ****<br><br>Against ****<br><br>Abstain Broker<br> <br>Non-Votes
Rodney C. Adkins 82,801,049 5,450,215 74,583 4,259,706
Carlo Bozotti 87,407,198 842,230 76,419 4,259,706
Michael A. Bradley 87,384,497 858,992 82,358 4,259,706
Brenda L. Freeman 87,402,804 846,046 76,997 4,259,706
Jo Ann Jenkins 87,087,192 1,158,905 79,750 4,259,706
Oleg Khaykin 87,407,090 839,112 79,645 4,259,706
James A. Lawrence 86,745,128 1,502,937 77,782 4,259,706
Avid Modjtabai 87,087,531 1,159,254 79,062 4,259,706
Adalio T. Sanchez 87,655,259 588,815 81,733 4,259,706
William H. Schumann III 87,824,773 424,000 77,074 4,259,706

The shareholders elected all ten of the director nominees.

Proposal 2 – To approve, on an advisory basis, thecompensation of the Company’s named executive officers.

For Against Abstain Broker<br> <br>Non-Votes
84,660,966 3,564,253 100,628 4,259,706

The shareholders approved on a non-binding advisory basis executive compensation.

Proposal 3 – To ratify the appointment of KPMG LLPas the Company’s independent registered public accounting firm for the fiscal year ending July 3, 2021.

For Against Abstain
91,094,654 1,427,845 63,054

The shareholders ratified the appointment of KPMG LLP as the Company’s independent registered public accounting firm for fiscal year 2021.

SIGNATURES

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: November 19, 2020 AVNET, INC.
By: /s/ Thomas Liguori
Name: Thomas Liguori
Title: Chief Financial Officer