8-K
AVNET INC (AVT)
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) October 6, 2021
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 8.01 Other Events.
Maxim Integrated Products, Inc. (“Maxim”) has notified Avnet, Inc. (the “Company”) that, due to its acquisition by Analog Devices, Inc., Maxim intends to end its distribution relationship with the Company’s electronic components business. Maxim products accounted for approximately 3% of the Company’s sales during fiscal 2021. The Company will continue to pursue opportunities to support its customers and further strengthen and grow its supplier partnerships. Maxim’s distribution agreement with Premier Farnell remains in place.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
The following is attached as an exhibit to this Current Report on Form 8-K:
| ExhibitNumber | Description | |
|---|---|---|
| | | |
| 104 | Cover Page Interactive Data File (formatted as inline XBRL). |
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: October 6, 2021 | | AVNET, INC. | ||
| | | | ||
| | | | ||
| | | By: | | /s/ Thomas Liguori |
| | | | | Thomas Liguori |
| | | | | Chief Financial Officer |
| | | | | |