secwatch.observer — SEC 8-K summary
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Issuer:     ARROW ELECTRONICS, INC. (ARW)
CIK:        0000007536
Form:       8-K/A
Filed at:   2022-05-17T23:59:59+00:00
Accession:  0001104659-22-061739
Event type: leadership
Sentiment:  neutral
Materiality: 0.45
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Arrow Electronics (ARW) discloses CEO and Executive Chairman compensation packages effective June 1, 2022
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- Sean J. Kerins' base salary increased to $1,000,000 (from $750,000); cash incentive target rises to $2,000,000.
- Kerins receives one-time RSUs valued at $600,000 and PSUs with target value of $600,000 under the 2004 Omnibus Plan.
- Michael J. Long's base salary reduced to $1,000,000 (from $1,320,000); cash incentive target lowered to $2,000,000 from $3,180,000.
- Both will not receive compensation for non-independent director service; SERP amended for Kerins to define normal retirement age as later of age 60 or actual termination.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/7536/000110465922061739/0001104659-22-061739-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/7536/000110465922061739/tm2215320d2_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-061739

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer