secwatch.observer — SEC 8-K summary
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Issuer:     AVNET INC (AVT)
CIK:        0000008858
Form:       8-K
Filed at:   2023-05-24T23:59:59+00:00
Accession:  0001104659-23-063702
Event type: other
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/8858/000110465923063702/0001104659-23-063702-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/8858/000110465923063702/tm2316137d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-063702

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