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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 

FORM 8-K

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported): August 14, 2023

 

ARROW ELECTRONICS, INC.

(Exact Name of Registrant as Specified in Charter)

 

NEW YORK 1-4482 11-1806155
(State or Other Jurisdiction (Commission File (IRS Employer
of Incorporation) Number) Identification No.)

 

9201 East Dry Creek Road, Centennial, CO 80112
(Address of Principal Executive Offices) (Zip Code) 

 

Registrant's telephone number, including area code: (303) 824-4000

 

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of the exchange on which
registered
Common Stock, $1 par value   ARW   New York Stock Exchange

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ¨

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ¨

 

 

 


 

Item 5.02.

Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers 

 

On August 16, 2023, Arrow Electronics, Inc. (the “Company”) issued a press release announcing that Richard J. Marano will succeed Kirk D. Schell as President, Global Components, subject to formal Board appointment at the Board’s next regularly scheduled meeting on September 13, 2023. Mr. Schell will begin transitioning responsibilities to Mr. Marano immediately.

 

Item 7.01. Regulation FD Disclosure

 

A copy of the press release announcing this leadership transition is attached hereto as Exhibit 99.1. The information included in this Current Report on Form 8-K under this Item 7.01 (including Exhibit 99.1) shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any filing made by the Company under the Exchange Act or the Securities Act of 1933, as amended, except as expressly set forth by specific reference in such filing.

 

Item 9.01. Financial Statements and Exhibits

 

(d) Exhibits

 

Exhibit Number   Description
     
99.1   Press release issued by Arrow Electronics, Inc. dated August 16, 2023
     
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 


 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  ARROW ELECTRONICS, INC.
   
Date: August 16, 2023 By: /s/ Carine Jean-Claude
  Name: Carine Jean-Claude
  Title: Senior Vice President, Chief Legal Officer, and Secretary

 

 

 

 

EX-99.1 2 tm2323858d1_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

Arrow Electronics Names Rick Marano President of Global Components

 

August 16, 2023

 

CENTENNIAL, Colo.--(BUSINESS WIRE)-- Arrow Electronics, Inc. (NYSE:ARW) today announced that Rick Marano will be named president of the company’s global components business, subject to formal Board appointment at the Board’s next regularly scheduled meeting on September 13, 2023.

 

Rick Marano will succeed Kirk Schell and will report to Sean J. Kerins, president and chief executive officer.

 

Previously Marano served as president of Arrow’s Americas components business and has been with the company for over 30 years, starting in sales and steadily growing his career through the leadership ranks.

 

“Rick is a widely respected leader and mentor, with a particular track record of consistently developing talent and driving business results,” said Mr. Kerins. “We look to Rick to build upon the growth of our components business.”

 

About Arrow Electronics

 

Arrow Electronics guides innovation forward for over 210,000 leading technology manufacturers and service providers. With 2022 sales of $37 billion, Arrow develops technology solutions that help improve business and daily life. Learn more at fiveyearsout.com.

 

Investor contact: 

 

Arrow Electronics, Inc.

Anthony Bencivenga

Vice President, Investor Relations

anthony.bencivenga@arrow.com

303-566-7456

 

Media contact:

 

Arrow Electronics, Inc.
John Hourigan

Vice President, Public Affairs and Corporate Marketing 

jhourigan@arrow.com
303-824-4586

 

Source: Arrow Electronics