0001157523-18-002575.txt : 20181212 0001157523-18-002575.hdr.sgml : 20181212 20181212172717 ACCESSION NUMBER: 0001157523-18-002575 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20181211 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20181212 DATE AS OF CHANGE: 20181212 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ARROW ELECTRONICS INC CENTRAL INDEX KEY: 0000007536 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-ELECTRONIC PARTS & EQUIPMENT, NEC [5065] IRS NUMBER: 111806155 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-04482 FILM NUMBER: 181231608 BUSINESS ADDRESS: STREET 1: 9201 EAST DRY CREEK ROAD CITY: CENTENNIAL STATE: CO ZIP: 80112 BUSINESS PHONE: 303-824-4000 MAIL ADDRESS: STREET 1: 9201 EAST DRY CREEK ROAD CITY: CENTENNIAL STATE: CO ZIP: 80112 8-K 1 a51913578.htm ARROW ELECTRONICS, INC. 8-K



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): December 11, 2018


ARROW ELECTRONICS, INC.
(Exact Name of Registrant as Specified in Charter)


NEW YORK

1-4482

11-1806155

(State or Other Jurisdiction
of Incorporation)

(Commission
File Number)

(IRS Employer
Identification No.)


9201 EAST DRY CREEK ROAD, CENTENNIAL, COLORADO 80112

(Address of Principal Executive Offices)


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))

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 8.01 OTHER EVENTS

On December 12, 2018 the Company issued a press release announcing the institution of a share repurchase program.  The full text of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

(c)     EXHIBITS

99.1      Press release dated December 12, 2018.

SIGNATURES

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

ARROW ELECTRONICS, INC.

 
 
 

Date: December 12, 2018

By:

/s/ Gregory Tarpinian

Name:

Gregory Tarpinian

Title:

Senior Vice President and Chief Legal Officer

EXHIBIT INDEX

 EX-99.1 2 a51913578ex99_1.htm EXHIBIT 99.1

Exhibit 99.1

Arrow Electronics Announces Additional $600 Million Share Repurchase Program

CENTENNIAL, Colo.--(BUSINESS WIRE)--December 12, 2018--Arrow Electronics, Inc. (NYSE: ARW) announced today the approval by the company’s Board of Directors of the repurchase of up to an additional $600 million of common stock through a share repurchase program. The company has repurchased approximately $1.1 billion worth of shares since the beginning of 2014.

“Since our last authorization two years ago, Arrow has grown tremendously. We are generating 21 percent more sales and 33 percent more profits," said Michael J. Long, chairman, president, and chief executive officer. “Our company’s growth and the effective management of our balance sheet enabled the Board of Directors to enhance our commitment to returning excess cash to shareholders.”

This action will permit the company to continue repurchasing shares of its common stock as market and business conditions warrant. The program can be terminated at any time. The company may enter into Rule 10b5-1 plans to facilitate repurchases under the program. A Rule 10b5-1 plan would generally permit the company to repurchase shares at times when it might otherwise be prevented from doing so under certain securities laws.

Arrow Electronics guides innovation forward for over 150,000 of the world’s leading manufacturers of technology used in homes, business and daily life. With 2017 sales of $26.6 billion, Arrow aggregates electronics and enterprise computing solutions for customers and suppliers in industrial and commercial markets. The company maintains a network of more than 345 locations serving over 80 countries. Learn more at FiveYearsOut.com.

CONTACT:
Arrow Electronics
Steven O’Brien
Vice President, Investor Relations
303-824-4544
or
Media Contact:
John Hourigan
Vice President, Global Communications
303-824-4586