AVNET, INC. (Form: 8-K)  

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

     
Date of Report (Date of Earliest Event Reported):   November 6, 2014

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

     
New York 1-4224 11-1890605
_____________________
(State or other jurisdiction 		_____________
(Commission 		______________
(I.R.S. Employer
of incorporation) File Number) Identification No.)
      
2211 South 47th Street, Phoenix, Arizona   85034
_________________________________
(Address of principal executive offices) 		  ___________
(Zip Code)
     
Registrant’s telephone number, including area code:   480-643-2000

Not Applicable
______________________________________________
Former name or former address, if changed since last report

 

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))

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Item 5.07. Submission of Matters to a Vote of Security Holders.

The following matters were submitted to a vote of the shareholders at the Company’s 2014 Annual Meeting of Shareholders, the results of which are as follows:

  1.   The shareholders elected the nine nominees to the Board of Directors, each to serve until the next annual meeting and until their successors have been elected and qualified. The voting results for each nominee were as follows:
                                 
Director   For   Against   Abstain   Broker
                            Non-Votes
William J. Amelio
     118,057,332       108,359       714,255       6,432,273  
J. Veronica Biggins
     117,341,734       834,120       704,092       6,432,273  
Michael A. Bradley
     117,993,995       115,304       770,647       6,432,273  
R. Kerry Clark
     114,777,082       3,331,866       770,998       6,432,273  
Richard Hamada
     117,998,368       112,849       768,729       6,432,273  
James A. Lawrence
     117,996,567       120,535       762,844       6,432,273  
Avid Modjtabai
     117,954,793       218,164       706,989       6,432,273  
Ray M. Robinson
     107,578,317       10,597,620       704,009       6,432,273  
William H. Schumann III
     118,002,945       114,710       762,291       6,432,273  

  2.   The proposal to approve, on an advisory basis, the compensation of the Company’s named executive            officers was approved, having received the following votes:
                         
                    Broker
For   Against   Abstain   Non-Votes
115,101,186
    2,796,948       981,812       6,432,273  

  3.   The shareholders ratified the appointment of KPMG LLP as the Company’s independent registered public accounting firm for the fiscal year ending June 27, 2015. The voting results were as follows:
                     
                    Broker
For   Against   Abstain   Non-Votes
123,822,347
    779,201       710,671     N/A

Item 8.01 Other Events.

On November 7, 2014, the Company announced that the Board of Directors approved adding $250,000,000 to the Company’s stock repurchase program. The Company may repurchase shares from time to time in the open market or in privately negotiated transactions, or otherwise, subject to applicable laws, regulations and approvals, strategic considerations, market conditions and other factors. The Company may terminate or limit the stock repurchase program at any time without prior notice.

Item 9.01.     Financial Statements and Exhibits.

(d)           Exhibits.

         
Exhibit Number   Description
  99.1    
Press release dated November 7, 2014.

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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.

         
    AVNET, INC.
          
November 7, 2014   By:   /s/ Kevin Moriarty
       
        Name: Kevin Moriarty
        Title: Senior Vice President and Chief Financial Officer

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Exhibit Index


     
Exhibit No.   Description
 
99.1
  Press release dated November 7, 2014.