---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-063702"
form_type: "8-K"
ticker: "AVT"
cik: "0000008858"
company_name: "AVNET INC"
filed_at: "2023-05-24T23:59:59+00:00"
generated_at: "2026-06-14T16:52:56.489522+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Avnet amends bylaws for virtual meetings, universal proxy rules, and compensation recoupment

## Summary
- Board adopted bylaw amendments effective May 22, 2023, to align with SEC universal proxy rules and NYBCL changes.
- Section 1.3 permits shareholder meetings to be held virtually; Section 1.10(b) reserves white proxy card for company.
- Section 1.14 clarifies shareholder nomination disclosure, requires compliance with Rule 14a-19 and 10-day pre-meeting evidence.
- Section 1.15 gives chair authority to convene/adjourn meetings without quorum; Section 6.6 bars officer indemnification for recouped incentive compensation.
- Deadline for shareholder notices now based on anniversary of prior annual meeting date, not proxy filing date.

## SEC filing metadata
- accession: 0001104659-23-063702
- form_type: 8-K
- ticker: AVT
- cik: 0000008858
- company_name: AVNET INC
- filed_at: 2023-05-24T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/8858/000110465923063702/0001104659-23-063702-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/8858/000110465923063702/tm2316137d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-063702
- JSON: https://secwatch.observer/filing/0001104659-23-063702.json
- Plain text: https://secwatch.observer/filing/0001104659-23-063702.txt

## Key facts
- Governance Changes
  AVNET INC: Amended By-Laws to update in connection with SEC universal proxy and recoupment rules, NYBCL changes, and periodic review; including provisions for virtual meetings, proxy card color, shareholder nomination procedures, chair authority, and indemnification limits (effective 2023-05-22).
  - Change: bylaw amendment
  - Effective: 2023-05-22
  source text: On May 22, 2023, the Board of Directors adopted amendments to the Company’s By-Laws (“Amended By-Laws”), effective immediately, to update the By-Laws in connection with SEC rules, including the recent universal proxy and recoupment of incentive-based compensation rules; recent changes to the New York Business Corporation Law; and the Board’s periodic review of the By-Laws.
  evidence_url: https://www.sec.gov/Archives/edgar/data/8858/000110465923063702/0001104659-23-063702-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.