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[8-K] AVNET INC Reports Material Event

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
8-K
Rhea-AI Filing Summary

Avnet, Inc. reported the results of shareholder votes from its 2025 Annual Meeting of Shareholders. Shareholders elected all ten director nominees, each receiving substantially more votes in favor than against. For example, Philip R. Gallagher received 74,001,056 votes for, 37,208 against, and 114,525 abstentions, while Avid Modjtabai received 70,542,251 votes for, 3,489,578 against, and 120,960 abstentions.

Other matters on the agenda also received strong shareholder support, with one item recording 77,005,042 votes for, 167,641 against, and 187,661 abstentions. The company also noted the filing of the cover page interactive data file in Inline XBRL format as an exhibit.

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0000008858false00000088582025-11-212025-11-21

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 21, 2025

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 Number)

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:

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))

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

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 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 2025 Annual Meeting of Shareholders, the results of which are as follows:

1.The shareholders elected the ten 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:

Broker

Director Nominees

For

Against

Abstain

Non-Votes

Rodney C. Adkins

71,991,688

2,044,939

116,162

3,207,555

Brenda L. Freeman

72,476,792

1,559,636

116,361

3,207,555

Philip R. Gallagher

74,001,056

37,208

114,525

3,207,555

Helmut Gassel

72,731,138

1,305,392

116,259

3,207,555

Virginia L. Henkels

72,619,577

1,416,614

116,598

3,207,555

Jo Ann Jenkins

72,212,619

1,820,970

119,200

3,207,555

Oleg Khaykin

72,730,930

1,307,371

114,488

3,207,555

Ernest E. Maddock

72,283,303

1,755,392

114,094

3,207,555

Avid Modjtabai

70,542,251

3,489,578

120,960

3,207,555

Adalio T. Sanchez

72,422,916

1,612,170

117,703

3,207,555

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

68,516,064

5,490,867

145,858

3,207,555

3.The proposal to approve the 2025 Stock Compensation and Incentive Plan.

Broker

For

Against

Abstain

Non-Votes

67,861,374

6,188,429

102,986

3,207,555

4.The shareholders ratified the appointment of PricewaterhouseCoopers LLP as the Company’s independent public accounting firm for the fiscal year ending June 27, 2026.

For

Against

Abstain

77,005,042

167,641

187,661

Item 9.01   Financial Statements and Exhibits.

(d) Exhibits.

The following materials are attached as exhibits to this Current Report on Form 8-K:

Exhibit
Number

   

Description

 

 

 

104

Cover Page Interactive Data File (formatted in Inline XBRL and contained in Exhibit 101).

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: November 21, 2025

AVNET, INC.

By:

/s/ Kenneth A. Jacobson

Name: Kenneth A. Jacobson

Title: Chief Financial Officer

FAQ

What did Avnet (AVT) announce in this Form 8-K?

Avnet reported the final voting results from its 2025 Annual Meeting of Shareholders, including the election outcomes for its director nominees and votes on other matters.

Were Avnet (AVT) director nominees re-elected at the 2025 annual meeting?

Yes. All ten director nominees, including Rodney C. Adkins, Philip R. Gallagher, and others, received significantly more votes for than against and were elected.

How strong was shareholder support for Avnet CEO/director Philip R. Gallagher?

Philip R. Gallagher received 74,001,056 votes for, 37,208 votes against, and 114,525 abstentions, indicating very strong shareholder support.

Which Avnet director nominee saw the highest level of opposition?

Among the listed nominees, Avid Modjtabai had the highest opposition, with 3,489,578 votes against versus 70,542,251 votes for and 120,960 abstentions.

What were the overall results for one of the non-director proposals at Avnet's 2025 meeting?

One of the proposals received 77,005,042 votes for, 167,641 votes against, and 187,661 abstentions, showing broad shareholder support.

Did Avnet (AVT) include any exhibits with this 8-K filing?

Yes. Avnet included Exhibit 104, the Cover Page Interactive Data File formatted in Inline XBRL and contained in Exhibit 101.
Avnet

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