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Table of Contents
Avnet, Inc.
2211 South 47
th
Street
Phoenix, Arizona 85034
(480) 643-2000
Attention: Corporate Secretary
The Company also makes these filings available, free of charge, through its website (see “Avnet Website” below).
Avnet Website
In addition to the information about Avnet contained in this Report, extensive information about the Company can be found at
www.avnet.com , including information about its management team, products and services and corporate governance practices.
The corporate governance information on the website includes the Company’
s Corporate Governance Guidelines, the Code of Conduct and
the charters for each of the committees of Avnet’
s Board of Directors. In addition, amendments to the Code of Conduct, committee charters and
waivers granted to directors and executive officers under the Code of Conduct, if any, will be posted in this area of the website. These documents
can be accessed at www.avnet.com under the “Investor Relations — Corporate Governance”
caption. Printed versions of the Corporate
Governance Guidelines, Code of Conduct and charters of the Board committees can be obtained, free of charge, by writing to the Company at
the address listed above in “Available Information.”
In addition, the Company’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-
K and
amendments to those reports, if any, filed or furnished pursuant to Section 13(a) or 15(d) of Securities Exchange Act of 1934, as well as
Section 16 filings made by any of the Company’
s executive officers or directors with respect to Avnet common stock, are available on the
Company’s website ( www.avnet.com under the “Investor Relations — SEC Filings”
caption) as soon as reasonably practicable after the report
is electronically filed with, or furnished to, the Securities and Exchange Commission.
These details about Avnet’s website and its content are only for information. The contents of the Company’
s website are not, nor shall they
be deemed to be, incorporated by reference in this Report.
Item 1A. Risk Factors
Forward-Looking Statements and Risk Factors
This Report contains forward-
looking statements with respect to the financial condition, results of operations and business of Avnet. These
statements are generally identified by words like “believes,” “expects,” “anticipates,” “should,” “will,” “may,” “estimates”
or similar
expressions. Forward-looking statements are subject to numerous assumptions, risks and uncertainties.
Except as required by law, Avnet does not undertake any obligation to update any forward-
looking statements, whether as a result of new
information, future events or otherwise. Factors that may cause actual results to differ materially from those contained in the forward-
looking
statements include the following:
Economic weakness and uncertainty could adversely affect our results and prospects.
The Company's results, operations and prospects depend significantly on worldwide economic conditions, the demand for its products and
services, and the financial condition of its customers and suppliers. Economic weakness and uncertainty, including ongoing macroeconomic
issues in many countries, have in the past resulted, and may result in the future, in decreased revenues, margins, earnings and impairments to
long-
lived assets, including goodwill and other intangible assets. Economic weakness and uncertainty also make it more difficult for the
Company to manage inventory levels and/or collect customer receivables, which may result in reduced access to liquidity and higher financing
costs.
The electronics component and computer industries are highly competitive and if the Company fails to compete effectively, its revenues,
gross profit margins and prospects may decline.
The market for the Company's products and services is very competitive and subject to rapid technological advances, new market entrants,
changes in industry standards and changes in customer needs. Not only does the Company compete with other global distributors, it also
competes for customers with regional distributors and some of the Company's own suppliers that maintain direct sales efforts. The Company's
failure to maintain and enhance its competitive position could adversely affect its business and prospects. Furthermore, the Company's efforts to
compete in the marketplace could cause deterioration of gross profit margins and, thus, overall profitability.
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