Business Context and Reporting Period
This Form 8-K Current Report was filed by Arrow Electronics, Inc. on June 5, 2023. The report addresses corporate governance changes, specifically the departure of a director and the appointment of a new Audit Committee Chair.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on personnel changes and does not contain financial performance data.
Material Changes
- Director Retirement: Stephen C. Patrick, a non-employee director since 2003, retired and resigned from the Board of Directors effective June 5, 2023.
- Reason for Departure: The resignation was not due to any disagreement with the Company regarding operations, policies, or practices.
- Committee Appointment: Carol P. Lowe was appointed as the new Chair of the Audit Committee to fill the vacancy left by Mr. Patrick.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, or discussion of risks and contingencies. The document is limited to the factual reporting of the director's retirement and the subsequent committee appointment.
Key Facts for Investor Verification
- Stephen C. Patrick's tenure on the Board ended on June 5, 2023, after 20 years of service.
- Carol P. Lowe has assumed the role of Audit Committee Chair.
- The departure was amicable and unrelated to any operational disputes.
- Investors should refer to the company's most recent 10-Q or 10-K for financial performance metrics, as this 8-K does not include them.