Business Context and Reporting Period
Company: Avnet, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: April 26, 2018
Event Date: April 20, 2018 (Earliest event reported)
This filing announces a voluntary delisting of Avnet, Inc.'s common stock from the New York Stock Exchange (NYSE) and a subsequent transfer of listing to the NASDAQ Global Select Market.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance and listing status changes.
Material Changes
- Listing Transfer: The Company intends to delist from the NYSE following the close of trading on May 7, 2018.
- New Listing: The Company expects to begin trading on the NASDAQ Global Select Market at market open on May 8, 2018.
- Ticker Symbol: The ticker symbol "AVT" will remain unchanged during the transfer.
Guidance, Outlook, and Risks
Management Commentary: The Board of Directors authorized the transfer to NASDAQ. The Company has already been authorized for listing on NASDAQ.
Risks and Contingencies: The filing does not explicitly detail financial risks or contingencies associated with the transfer, other than the standard transition period where trading will cease on the NYSE and resume on NASDAQ.
Investor Verification Checklist
- Confirm the exact trading halt time on the NYSE on May 7, 2018.
- Verify the resumption of trading on NASDAQ under ticker "AVT" on May 8, 2018.
- Review the attached press release (Exhibit 99.1) for any additional strategic rationale not detailed in the 8-K text.
- Check for any subsequent filings regarding the completion of the transfer.