Avnet Inc. Files Definitive Proxy Statement
Ticker: AVT · Form: DEF 14A · Filed: Oct 8, 2024 · CIK: 8858
Sentiment: neutral
Topics: proxy-statement, governance, annual-meeting
Related Tickers: AVNT
TL;DR
AVNT proxy statement out for Nov 22 meeting - vote on exec pay & board.
AI Summary
Avnet, Inc. filed its definitive proxy statement on October 8, 2024, for its annual meeting on November 22, 2024. The filing details executive compensation, board nominations, and other corporate governance matters for the fiscal year ending June 28, 2024. Shareholders will vote on proposals presented by the company.
Why It Matters
This filing provides shareholders with crucial information to make informed voting decisions on company leadership and strategic direction at the upcoming annual meeting.
Risk Assessment
Risk Level: low — This is a routine proxy filing providing information to shareholders and does not inherently present new risks.
Key Numbers
- 20241122 — Annual Meeting Date (Shareholders will vote on proposals at this date.)
- 0628 — Fiscal Year End (The proxy statement covers the fiscal year ending on this date.)
Key Players & Entities
- AVNET INC (company) — Registrant
- 0001104659-24-107028.txt (document) — Filing document identifier
- 20241008 (date) — Filing date
- 20241122 (date) — Meeting date
- 0628 (date) — Fiscal year end
FAQ
What is the purpose of a DEF 14A filing?
A DEF 14A filing, or definitive proxy statement, is used by companies to solicit votes from shareholders for their annual meeting, providing details on matters to be voted upon such as director elections and executive compensation.
When is Avnet Inc.'s annual meeting scheduled?
Avnet Inc.'s annual meeting is scheduled for November 22, 2024.
What is the filing date of this proxy statement?
This definitive proxy statement was filed on October 8, 2024.
What is Avnet Inc.'s fiscal year end?
Avnet Inc.'s fiscal year ends on June 28.
What type of company is Avnet Inc. based on its SIC code?
Avnet Inc. is classified under SIC code 5065 as a wholesaler of electronic parts and equipment.
Filing Stats: 4,470 words · 18 min read · ~15 pages · Grade level 14.1 · Accepted 2024-10-08 16:01:32
Key Financial Figures
- $1.00 — f the Company's common stock, par value $1.00 per share (the "Common Stock"), at the
Filing Documents
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- avt-20240629_lab.xml (EX-101.LAB) — 44KB
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Security Ownership of Certain Beneficial Owners and Management
Security Ownership of Certain Beneficial Owners and Management 35 Delinquent Section 16(a) Reports 37 Related Person Transactions 37 Proposal 2 — Advisory Vote on Named Executive Compensation 38 Compensation Discussion and Analysis 39 Executive Summary 39 Compensation Governance and Process 42 Overview of Pay Programs 44 Elements of Executive Compensation 47 Additional Practices, Policies and Guidelines 54 Compensation and Leadership Development Committee Report 56 Compensation of Executive Officers 57 Summary Compensation Table 57 Equity Compensation Plan Information 58 Grants of Plan-Based Awards 59 Outstanding Equity Awards at Fiscal Year-End 60 Option Exercises and Stock Vested 61 Pension Benefits 61 Potential Payouts Upon Termination and Change of Control 62 CEO Pay Ratio 66 Pay Versus Performance 67 Proposal 3— Ratification of Appointment of Independent Registered Public Accounting Firm 71 Principal Accounting Firm Fees 72 Audit Committee Report 73 Shareholder Proposals and Nominations 74 Delivery of Documents to Shareholders with Same Last Name and Address 75 General 75 Appendix A — Reconciliation of Non-GAAP Measures 76 TABLE OF CONTENTS 2024 ANNUAL PROXY STATEMENT Proxy Statement Summary This summary highlights selected information in this Proxy Statement. Please review the entire document before voting. ANNUAL MEETING OF SHAREHOLDERS DATE November 22, 2024 TIME 8:00 am local time PLACE Avnet's Headquarters 2211 South 47th Street Phoenix, Arizona 85034 RECORD DATE September 23, 2024 PROPOSALS AND BOARD RECOMMENDATIONS Proposals Board Recommendation Page Reference 1 Election of Directors FOR 8 2 Advisory vote on named executive compensation FOR 38 3 Ratification of independent registered public accounting firm FOR 71 HOW TO VOTE INTERNET Visit the website noted on your proxy ca