secwatch.observer — SEC 8-K summary
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Issuer:     AVNET INC (AVT)
CIK:        0000008858
Form:       8-K
Filed at:   2022-09-06T23:59:59+00:00
Accession:  0001104659-22-097851
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/8858/000110465922097851/0001104659-22-097851-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/8858/000110465922097851/tm2225127d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-097851

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