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): October
24, 2011
ARROW
ELECTRONICS, INC.
(Exact
Name of Registrant as Specified in its Charter)
|
NEW YORK |
1-4482 |
11-1806155 |
|
(State or Other Jurisdiction of Incorporation) |
(Commission |
(IRS Employer Identification No.) |
|
50 MARCUS DRIVE, MELVILLE, NEW YORK 11747 |
|
(Address of Principal Executive Offices) |
Registrant’s
telephone number, including area code: (631) 847-2000
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 (see General Instruction A.2. below):
⃞ 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))
ITEM 8.01 OTHER EVENTS
On October 24, 2011, 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 October 24, 2011.
SIGNATURES
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.
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ARROW ELECTRONICS, INC. |
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Date: October 25, 2011 |
By: |
/s/ Peter S. Brown |
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Name: |
Peter S. Brown |
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Title: |
Senior Vice President |
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EXHIBIT INDEX
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Exhibit |
Description |
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99.1 |
Press release issued by Arrow Electronics, Inc., dated October 24, 2011. |
Exhibit 99.1
Arrow Electronics Announces Additional $150 Million Share Repurchase Program
MELVILLE, N.Y.--(BUSINESS WIRE)--October 24, 2011--Arrow Electronics, Inc. (NYSE:ARW) announced today the approval by the company’s Board of Directors of the repurchase of an additional $150 million of common stock through a share repurchase program. The company has completed the $100 million share repurchase program authorized in July 2011.
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 (www.arrow.com) is a global provider of products, services and solutions to industrial and commercial users of electronic components and enterprise computing solutions. Arrow serves as a supply channel partner for over 1,200 suppliers and 115,000 original equipment manufacturers, contract manufacturers and commercial customers through a global network of more than 340 locations in 52 countries.
CONTACT:
Arrow Electronics
Michael Taunton, 631-847-5680
Vice
President and Treasurer
or
Paul J. Reilly, 631-847-1872
Executive
Vice President, Finance and Operations & Chief Financial Officer
or
John
Hourigan, 303-824-4586
Director, External Communications