Avnet, Inc.
AVNET INC (Form: 8-K, Received: 11/08/2011 06:05:53)  

 


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

     
Date of Report (Date of Earliest Event Reported):   November 4, 2011

AVNET, INC.
__________________________________________
(Exact name of registrant as specified in its charter)

     
New York 1-4224 11-1890605
_____________________
(State or other jurisdiction
_____________
(Commission
______________
(I.R.S. Employer
of incorporation) File Number) Identification No.)
      
2211 South 47th Street, Phoenix, Arizona   85034
_________________________________
(Address of principal executive offices)
  ___________
(Zip Code)
     
Registrant’s telephone number, including area code:   480-643-2000

Not Applicable
______________________________________________
Former name or former address, if changed since last report

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


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Item 5.07. Submission of Matters to a Vote of Security Holders.

The Annual Meeting of Shareholders of Avnet, Inc. (the “Company”) was held on November 4, 2011. The following matters were submitted to a vote of the shareholders, the results of which are as follows:

  1.   The shareholders elected the ten nominees to the Board of Directors, each to serve until the next annual meeting and until their successors have been elected and qualified. The voting results for each nominee were as follows:
                         
                    Broker
Director   For   Withheld   Non-Votes
Eleanor Baum
    119,859,013       873,270       9,727,640  
J. Veronica Biggins
    103,605,720       17,126,563       9,727,640  
Richard Hamada
    119,951,159       781,124       9,727,640  
Ehud Houminer
    102,911,604       17,820,679       9,727,640  
James A. Lawrence
    117,419,490       3,312,793       9,727,640  
Frank R. Noonan
    120,327,046       405,237       9,727,640  
Ray M. Robinson
    99,736,669       20,995,614       9,727,640  
William H. Schumann III
    120,325,635       406,648       9,727,640  
William P. Sullivan
    101,006,101       19,726,182       9,727,640  
Roy Vallee
    117,960,568       2,771,715       9,727,640  

  2.   The proposal to approve, on an advisory basis, the compensation of the Company’s named executive officers was approved, having received the following votes:
                         
                    Broker
For   Against   Abstain   Non-Votes
97,339,981
    22,499,650       892,652       9,727,640  

  3.   The proposal for shareholders to vote, on an advisory basis, on the frequency of the advisory vote on executive compensation received the following votes:
                                 
                            Broker
1 year   2 years   3 years   Abstain   Non-Votes
110,734,765
    210,277       9,639,252       147,989       9,727,640  

  4.   The shareholders approved the proposal to amend and restate the Avnet Employee Stock Purchase Plan.  The voting results were as follows:
                         
                    Broker
For   Against   Abstain   Non-Votes
119,810,384
    245,791       676,108       9,727,640  

  5.   The shareholders ratified the appointment of KPMG LLP as the Company’s independent registered public accounting firm for the fiscal year ending June 30, 2012. The voting results were as follows:
                     
                    Broker
For   Against   Abstain   Non-Votes
129,496,905
    827,487       135,531     N/A

The Board of Directors determined that an advisory vote on the compensation of the named executive officers of the Company will be conducted every year, until the next shareholder advisory vote on the frequency of the advisory vote on the compensation of the named executive officers of the Company.


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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

         
    AVNET, INC.
          
November 7, 2011   By:   /s/ Raymond Sadowski
       
        Name: Raymond Sadowski
        Title: Senior Vice President and Chief Financial Officer