Business Context and Reporting Period
Company: AVNET, INC.
Filing Type: Form 8-K (Current Report)
Date of Report: February 11, 2010
Event Date: February 11, 2010 (Effective Date of Appointment)
Key Financial Metrics
This filing does not contain financial performance data. The document reports a corporate governance event rather than financial results. Consequently, revenue, profit, cash flow, margins, debt, and liquidity metrics are not provided in this text.
Material Changes
Board of Directors Appointment:
- Appointee: William H. Schumann III.
- Previous Role: Executive Vice President and Chief Financial Officer of FMC Technologies, Inc.
- New Role: Director of Avnet, Inc.
- Term: Expires at the 2010 Annual Meeting of Shareholders.
- Committee Assignments: Audit Committee and Finance Committee.
Guidance, Outlook, and Risks
The filing contains no management commentary regarding financial guidance, future outlook, specific risks, contingencies, or unusual items. The report is limited to the announcement of the director appointment.
Investor Verification Checklist
- Verify the biographical background and potential conflicts of interest for the new director, William H. Schumann III.
- Confirm the composition of the Audit and Finance Committees following this appointment.
- Review the attached Press Release (Exhibit 99.1) for additional context on the appointment rationale.