Avnet appoints Kenneth A. Jacobson as CFO effective September 6, 2022

AVNET INC

Jacobson, age 44, previously Corporate Controller and served as interim CFO in 2017-2018.
Base salary of $500,000 for FY2023; annual cash incentive target at 100% of base salary.
FY2023 equity grant of $1,250,000 consisting of performance share units and RSUs vesting in 4 annual tranches.
Eligible for Executive Severance Plan and Change of Control Agreement providing 2.99x multiple upon qualifying termination.
No family relationships or reportable transactions with the company.

item 5.02 item 9.01

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Appointed

Kenneth A. Jacobson

Chief Financial Officer

AVT · AVNET INC

Effective: 2022-09-06
Filed: September 6, 2022, 7:59 PM ET

On September 6, 2022, Avnet, Inc. announced that the Avnet Board of Directors appointed Kenneth A. Jacobson to serve as Chief Financial Officer (principal financial officer), effective September 6, 2022.

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Executive change SEC 8-K Item 5.02 confidence 1.0

Kenneth A. Jacobson was appointed as Chief Financial Officer at AVNET INC.

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

On September 6, 2022, Avnet, Inc. announced that the Avnet Board of Directors appointed Kenneth A. Jacobson to serve as Chief Financial Officer (principal financial officer), effective September 6, 2022.

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Source: SEC EDGAR

accession 0001104659-22-097851

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