Business Context and Reporting Period
This Form 8-K Current Report was filed by AVNET, INC. on March 31, 2014. The report discloses a corporate governance event regarding the Board of Directors.
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
The material change reported is the resignation of William P. Sullivan from the Board of Directors. His resignation is effective May 1, 2014. The Company explicitly states that the resignation was not due to any disagreements with the Company regarding operations, policies, or practices.
Guidance, Outlook, and Risks
The filing contains no guidance, outlook, management commentary on financial performance, or discussion of risks and contingencies beyond the standard disclosure regarding the director's departure.
Key Facts for Investor Verification
- William P. Sullivan resigned from the Board of Directors effective May 1, 2014.
- The resignation was voluntary and not related to any disagreement with the Company.
- The report was signed by Kevin Moriarty, Senior Vice President and Chief Financial Officer.