Item 4.01 Changes in Registrant’s Certifying Accountant.
On September 30, 2025, the Audit Committee of the Board of Directors of Avnet, Inc. (the “Company”), following careful deliberation, approved PricewaterhouseCoopers LLP as the Company’s new independent registered public accounting firm, subject to completion of its standard client acceptance procedures. This decision resulted in the effective dismissal of KPMG LLP as the Company’s independent registered public accounting firm. KPMG LLP was informed of this decision on September 30, 2025.
KPMG LLP’s audit reports on the Company’s consolidated financial statements and financial statement schedule II of the Company and subsidiaries, and on the effectiveness of internal control over financial reporting, for the fiscal years ended June 28, 2025 and June 29, 2024, did not contain an adverse opinion or a disclaimer of opinion, nor were they qualified or modified as to uncertainty, audit scope, or accounting principles.
During the fiscal years ended June 28, 2025 and June 29, 2024, and the subsequent interim period through September 30, 2025, there were no: (i) “disagreements” (as defined in Item 304(a)(1)(iv) of Regulation S-K and the related instructions thereto) between the Company and KPMG LLP on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of KPMG LLP, would have caused KPMG LLP to make reference to the subject matter of the disagreement in connection with their opinion; or (ii) “reportable events” (as defined in Item 304(a)(1)(v) of Regulation S-K and the related instructions thereto).
In accordance with Item 304(a)(3) of Regulation S-K, the Company provided KPMG LLP with a copy of the disclosures it is making in this Current Report on Form 8-K and requested that KPMG LLP furnish a letter addressed to the Securities and Exchange Commission stating whether KPMG LLP agrees with the statements made herein and, if not, stating the respects in which it does not agree. A copy of KPMG LLP’s letter dated October 3, 2025, is filed as Exhibit 16.1 hereto.
During the fiscal years ended June 28, 2025 and June 29, 2024, and the subsequent interim period through September 30, 2025, neither the Company nor anyone acting on its behalf consulted with PricewaterhouseCoopers LLP regarding either (i) the application of accounting principles to any specific completed or proposed transaction, or the type of audit opinion that might be rendered on the Company’s financial statements, in connection with which a written report was provided to the Company or oral advice was provided that PricewaterhouseCoopers LLP concluded was an important factor considered by the Company in reaching a decision as to the accounting, auditing or financial reporting issue; or (ii) any matter that was either the subject of a “disagreement” (as defined in Item 304(a)(1)(iv) of Regulation S-K and the related instructions thereto) or a “reportable event” (as defined in Item 304(a)(1) (v) of Regulation S-K and the related instructions thereto).
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
The following materials are attached as exhibits to this Current Report on Form 8-K:
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Exhibit
Number | | Description |
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16.1 | | Letter dated October 3, 2025 from KPMG LLP. |
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104 | | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
