avt_Current Folio_8K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 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 10, 2016

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)

 

 

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:  (see General Instruction A2. below)

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))

 

 


 

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.  

 

At the Annual Meeting of Shareholders of Avnet, Inc. (the “Company”) held on November 10, 2016, the shareholders approved the Avnet, Inc. 2016 Stock Compensation and Incentive Plan (the “Plan”). The terms and conditions of the Plan are described in the Company’s Proxy Statement filed with the Securities and Exchange Commission on September 27, 2016. The Plan is filed as Exhibit 10.1 hereto and is incorporated by reference herein.

 

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 2016 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:

 

 

 

For

 

Against

 

Abstain

 

Non-Votes

 

 

Director

 

   For

 

    Against

 

      Abstain

 Broker

   Non-Votes

 

 

 

 

 

Rodney C. Adkins

107,297,344 
977,504 
340,368 
6,248,779 

William J. Amelio

107,698,009 
815,612 
101,595 
6,248,779 

J. Veronica Biggins

106,862,912 
1,492,678 
259,626 
6,248,779 

Michael A. Bradley

107,817,705 
456,660 
340,851 
6,248,779 

R. Kerry Clark

107,605,264 
668,396 
341,556 
6,248,779 

James A. Lawrence

107,699,624 
575,241 
340,351 
6,248,779 

Avid Modjtabai

107,825,382 
449,197 
340,637 
6,248,779 

Ray M. Robinson

88,476,719 
19,832,867 
305,630 
6,248,779 

William H. Schumann III

107,651,992 
863,843 
99,381 
6,248,779 

 

 

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:

 

 

 

 

 

 

 

 

 

 

For

 

Against

 

Abstain

Broker

Non-Votes

104,434,008

3,838,057

343,151

6,248,779

 

 

3.

The proposal to approve the Avnet, Inc. 2016 Stock Compensation and Incentive Plan was approved, having received the following votes:

 

 

 

 

 

 

 

 

 

 

For

 

Against

 

Abstain

Broker

Non-Votes

103,866,981

4,693,713

54,522

6,248,779

 

 

4.

The shareholders ratified the appointment of KPMG LLP as the Company’s independent registered public accounting firm for the fiscal year ending July 1, 2017. The voting results were as follows:

 

 

 

 

 

 

 

 

 

 

For

 

Against

 

Abstain

Broker

Non-Votes

114,382,526

460,904

20,565

N/A

 


 

Item 9.01 Financial Statements and Exhibits.

 

(d)Exhibits

 

 

 

Exhibit Number

Description

10.1

Avnet, Inc. 2016 Stock Compensation and Incentive Plan

 

 

 


 

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.

 

 

 

 

 

 

 

Date: November 10, 2016

 

AVNET, INC.

 

 

Registrant

 

 

 

 

 

By:

 

/s/ Kevin Moriarty

 

 

 

 

Name: Kevin Moriarty

 

 

 

 

Title: Senior Vice President and

 

 

 

 

Chief Financial Officer