Avnet 2005 Annual Report Download - page 19

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PART II
Item 5. Market for Registrant's Common Equity and Related Stockholder Matters
Market price per share
The Company's common stock is listed on the New York Stock Exchange. Quarterly market prices (as
reported for the New York Stock Exchange composite transactions) for the last two fiscal years were:
2005 2004
Fiscal Quarters High Low High Low
1st ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ $20.90 $15.66 $18.82 $12.02
2nd ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 19.70 15.80 22.60 16.85
3rdÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 20.14 16.10 27.52 21.05
4thÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 22.99 16.75 26.92 20.78
The Company paid no dividends during fiscal 2005 or 2004, nor are any dividend payments currently
contemplated in the future.
Record Holders
As of August 26, 2005, there were approximately 4,903 holders of record of Avnet's common stock.
Equity Compensation Plan Information as of July 2, 2005
Number of Securities
Remaining Available for
Number of Securities Future Issuance Under
to be Issued Upon Weighted-Average Equity Compensation
Exercise of Exercise Price of Plans (Excluding
Outstanding Options, Outstanding Options, Securities Reflected in
Plan Category Warrants and Rights Warrants and Rights Column (a))
(a) (b) (c)
Equity compensation plans
approved by security holders(1) 10,054,527(2) $20.28 6,241,814(3)
Equity compensation plans not
approved by security holdersÏÏÏ Ì Ì 21,361
Total ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 10,054,527 $20.28 6,263,175
(1) Options assumed through acquisitions accounted for as purchases are excluded from (2) below. The
outstanding balance of acquired options was 143,810 (column (a)) with a related weighted average
exercise price of $34.03 (column (b)).
(2) Includes 9,811,391 outstanding options and 243,136 stock incentive shares awarded but not yet delivered.
(3) Includes 3,737,704 options available for grant, 1,873,680 incentive shares not yet awarded and
630,430 shares authorized for the Employee Stock Purchase Plan but not yet utilized.
The Company has one equity compensation plan that has not been approved by shareholders Ì the
Outside Director Stock Bonus Plan. Under this plan, non-employee directors are awarded shares equal to
$20,000 of Avnet common stock upon their re-election each year, as part of their director compensation
package. Directors may elect to receive this compensation in the form of common stock under the Outside
Director Stock Bonus Plan or they may elect to defer their compensation to be paid in common stock at a later
date. Shares are issued in January of each year and the number of shares is calculated by dividing $20,000 by
the average of the high and low price of the common stock on the first business day of January. The Board of
Directors established a reserve of 50,000 shares for this plan in November 2002. Aggregate shares issued
under the plan totaled 8,832, 3,724 and 16,083 for fiscal 2005, 2004 and 2003, respectively.
11