Avnet SEC Filings

Avnet, Inc. (AVT) reported an insider purchase by its Chief Financial Officer on a Form 4. On 11/07/2025, the CFO purchased 2,139 shares of common stock at $46.75 per share.

Following the transaction, the filing shows 36,033 shares held indirectly by the K & A Jacobson 2017 Rev Trust and 63,948 shares held directly. The signature indicates attorney-in-fact authorization.

Avnet (AVT) reported Q1 FY2026 results and completed a convertible notes financing. Sales were $5.90 billion, up 5.3% year over year, while diluted EPS was $0.61 versus $0.66. Gross profit rose to $614.8 million, but gross margin slipped to 10.4% as mix shifted toward Asia. Operating income was essentially flat at $142.0 million.

Segment trends diverged: Electronic Components sales increased 4.6% to $5.50 billion with softer margins, while Farnell sales grew 14.9% to $398.9 million and improved profitability. The effective tax rate increased to 32.6%, weighing on net income, which was $51.7 million. Cash flow from operations used $144.6 million, largely from higher receivables tied to Asia growth.

Avnet issued $650 million of 1.75% convertible senior notes due 2030 (net proceeds ~$633.8 million), used to reduce the Credit Facility by $533.8 million and repurchase $100 million of stock. Total debt was $2.99 billion at quarter-end; cash was $175.5 million. The company repurchased $138.3 million of shares in the quarter and paid a $0.35 dividend per share. Shares outstanding were 81,329,466 as of October 25, 2025.

Avnet, Inc. furnished an 8‑K announcing its first quarter results for fiscal 2026. The company issued a press release on October 29, 2025, and attached it as Exhibit 99.1.

The information was furnished under Item 2.02 and is not deemed “filed” under the Exchange Act, nor incorporated by reference into Securities Act filings unless expressly stated. The report was signed by Chief Financial Officer Kenneth A. Jacobson.

Avnet, Inc. is soliciting proxies for its November 21, 2025 annual meeting where shareholders will vote to elect ten directors, cast a non-binding advisory vote on executive compensation, approve the 2025 Stock Compensation and Incentive Plan, and ratify PricewaterhouseCoopers LLP as auditor for the fiscal year ending June 27, 2026. The record date is September 22, 2025 and 81,326,423 shares were outstanding as of that record date. The board recommends voting FOR all proposals. The proxy describes corporate governance practices including a majority-independent board (9 of 10 nominees), board diversity metrics (4 women; multiple racial/ethnic identifiers), director tenure and compensation (annual non-employee total ~$280,000 including $180,000 in equity), stock ownership and anti-hedging policies, committee structures and charters, and executive officer biographies. The filing discloses shareholder voting mechanics, broker voting limitations on non-routine matters, and procedures for director nominations and related-party review.

Avnet, Inc. (AVT) reporting person Oleg Khaykin filed a Form 4 disclosing transactions dated 10/01/2025. The filing shows a disposition of 9,000 shares of common stock and the receipt of 590 Phantom Stock Units (PSUs) issued in lieu of director cash retainer payments. The PSUs were issued at $51.88 per share under the Avnet Deferred Compensation Plan for Outside Directors and will convert to common stock when the director leaves the board or upon a change of control. After these transactions the reporting person beneficially owns 50,758 shares.

Henkels Virginia, a director of Avnet Inc. (AVT), reported transactions dated 09/26/2025 on a Form 4. The filing shows a disposition of 1,265 shares of common stock and the acquisition of 24 Phantom Stock Units (PSUs) on the same date. Each PSU converts to one share and will be settled in Avnet common stock after the reporting person leaves the board or upon a change of control. The filing notes the 24 PSUs were received as additional units from the quarterly dividend. The Form 4 was signed by an attorney-in-fact, Darrel S. Jackson, on 09/29/2025.

Oleg Khaykin, a director of Avnet, Inc. (AVT), reported transactions dated 09/26/2025. The filing shows a disposition of 9,000 shares of common stock and the acquisition of 338 Phantom Stock Units (PSUs) that convert to one share each. After these reported transactions the reporting person beneficially owns 50,168 shares (direct).

The PSU award will be settled in Avnet common stock when the director leaves the board or upon a change of control. The filing notes the 338 PSUs include additional units granted as a result of the quarterly dividend. The form was signed by an attorney-in-fact on 09/29/2025.

Helmut Gassel, a director of Avnet Inc. (AVT), reported transactions on Form 4 showing both non-derivative and derivative activity dated 09/26/2025. The filing discloses a disposition of 1,265 shares of Common Stock (listed in Table I) and the acquisition of 24 Phantom Stock Units (PSUs) in Table II. Each PSU represents one share of the issuer's common stock and will be settled in common stock after the reporting person leaves the board or upon a change of control. The 24 PSUs were acquired as a result of the quarterly dividend and are shown with a unit price of $51.6. Following the reported derivative transaction, Gassel beneficially owns 3,511 shares directly. The Form 4 is signed by Darrel S. Jackson as Attorney-In-Fact on 09/29/2025.