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8-KThe WireStrategic

Material Agreement · New Debt / Obligation

Filed Sep 10, 2024 · 1y ago · Accession 0001104659-24-098636

Plain English

Material event — a significant development the company must disclose promptly.

Read the source below for the full document.

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): September 10, 2024   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.)   9151 East Panorama Circle , 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 ( 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))   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 1.01. Entry into a Material Definitive Agreement.   Amendment of North American Asset Securitization Facility   On September 10, 2024, Arrow Electronics, Inc. (the “Company”) entered into Amendment No. 35 (the “Amendment”) to that certain Transfer and Administration Agreement dated as of March 21, 2001, by and among the parties from time to time party thereto, which governs the Company’s existing domestic accounts-receivables securitization facility (the “North American Asset Securitization Facility”). Pursuant to the Amendment, (i) the maturity of the North American Asset Securitization Facility was extended from September 20, 2025, to September 10, 2027, and (ii) the parties made certain other modifications. The following banks are participating in the North American Asset Securitization Facility: Bank of America, National Association; Mizuho Bank, Ltd.; PNC Bank, National Association; Wells Fargo Bank, N.A.; Truist Bank; and Sumitomo Mitsui Banking Corporation.   The foregoing description of the Amendment does not purport to be complete, and is qualified in its entirety by reference to the full text of the Amendment, which is filed as Exhibit 10.1 to this Current Report on Form 8-K.     Item 2.03. Creation of a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement of a Registrant.   The disclosures set forth in Item 1.01 above are incorporated herein by reference in their entirety.           Item 9.01 Financial Statements and Exhibits.   (d) Exhibits   Exhibit Number   Description 10.1   Amendment No. 35, dated as of September 10, 2024, to the Transfer and Administration Agreement dated March 21, 2001. 104   Cover Page Interactive Data File (embedded within the Inline XBRL document)       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.       ARROW ELECTRONICS, INC.       Date: September 10, 2024 By: /s/ Carine Jean-Claude     Name: Carine L. Jean-Claude     Title: Senior Vice President, Chief Legal Officer and Secretary
Filing details
Ticker
ARW
CIK
7536
Form type
8-K
Filing date
Sep 10, 2024
Report date
Sep 10, 2024
Document
tm2423611d1_8k.htm
Size
1.3 MB