Business Context and Reporting Period
This Form 8-K is a current report filed by Avnet, Inc. on June 17, 2019. The filing addresses a corporate governance matter regarding the Board of Directors rather than financial performance.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is not a financial statement.
Material Changes
The material change reported is the departure of a director:
- R. Kerry Clark notified the Board on June 17, 2019, that he will not stand for re-election at the next annual shareholder meeting.
- Mr. Clark confirmed his decision was not the result of a disagreement with the Company.
- He will continue to serve as a Director for the remainder of his current term.
Guidance, Outlook, and Risks
The filing contains no guidance, outlook, management commentary on operations, risks, contingencies, or unusual items. The Company expressed gratitude for Mr. Clark's contributions over the past eight years.
Key Facts for Investors
- Director R. Kerry Clark is stepping down from the Board at the next annual meeting.
- The departure is voluntary and unrelated to any disagreement with the Company.
- Mr. Clark remains on the Board until the conclusion of his current term.
- No financial data or operational updates are included in this specific filing.