AVNET INC - Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by AVNET, INC. on September 13, 2005. The report covers events occurring as of August 3, 2005, and July 2, 2005, related to amendments of financial agreements and a listing of subsidiaries.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses on the disclosure of contractual amendments and corporate structure rather than financial performance results.
Material Changes
- Receivables Sale Agreement: Amendment No. 6 dated August 3, 2005, to the agreement between Avnet, Inc. (Originator) and Avnet Receivables Corporation (Buyer).
- Receivables Purchase Agreement: Amendment No. 7 dated August 3, 2005, to the Amended and Restated agreement involving Avnet Receivables Corporation, Avnet, Inc., and Bank One, NA as Agent.
- Subsidiaries: A list of subsidiaries was updated as of July 2, 2005.
Guidance, Outlook, and Risks
The filing text does not contain management commentary, financial guidance, outlook, or specific risk factors. The document serves strictly to disclose the execution of the aforementioned amendments and the current list of subsidiaries.
Investor Verification Checklist
- Review the terms of Amendment No. 6 to the Receivables Sale Agreement to understand changes in financing terms.
- Examine Amendment No. 7 to the Receivables Purchase Agreement for modifications to the relationship with Bank One, NA and other financial institutions.
- Verify the updated list of subsidiaries (Exhibit 21) to confirm any recent corporate restructuring or divestitures.