ARROW ELECTRONICS, INC.
For the period ended May 6, 2025. Filed Mar 25, 2025.
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What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
May 6, 2025 · Filed Mar 25, 2025
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UNITED STATES**
**SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A
Proxy Statement Pursuant to Section 14(a) of**
**the Securities Exchange Act of 1934 (Amendment No. )
Filed by the Registrant☒
Filed by a Party other than the Registrant☐
Check the appropriate box:
| ☐ | Preliminary Proxy Statement |
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| ☐ | Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) |
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| ☒ | Definitive Proxy Statement |
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| ☐ | Definitive Additional Materials |
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| ☐ | Soliciting Material under §240.14a-12 |
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ARROW ELECTRONICS, INC.
(Name of Registrant as Specified in Its Charter)
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
Payment of Filing Fee (Check all boxes that apply):
| ☒ | No fee required. |
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| ☐ | Fee paid previously with preliminary materials. |
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| ☐ | Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11. |
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| OUR 2025 ANNUAL MEETINGAND PROXY STATEMENT | Tuesday, May 6, 2025at 8:00 a.m. MTThe Inverness Denver, a Hilton Golf and Spa Resort200 Inverness Drive WestEnglewood, Colorado 80112 |
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March 25, 2025
Dear Shareholder:
You are invited to Arrow Electronics, Inc.’s (“Arrow” or the “Company”) Annual Meeting of Shareholders (“Annual Meeting”) on Tuesday, May 6, 2025. The formal notice of the Annual Meeting and the Proxy Statement soliciting your vote at the Annual Meeting appear on the following pages.
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| The matters scheduled to be considered at the Annual Meeting are: | | Arrow’s Board suggests following its recommended vote on each proposal as being in the best interests of Arrow and its shareholders and urges you to read the Proxy Statement carefully before you vote. |
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| > | the election of the directors named in the Proxy Statement to serve as members of Arrow’s Board of Directors (“Board”) for a one-year term expiring at Arrow’s 2026 annual shareholder meeting; | |
| > | the ratification of the appointment of Ernst & Young LLP as Arrow’s independent registered public accounting firm for the fiscal year ending December 31, 2025; | |
| > | the holding of an advisory vote to approve named executive officer compensation; and | |
| > | a shareholder proposal, if properly presented at the Annual Meeting. | |
| These matters are discussed more fully in the Proxy Statement. | ||
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Under the rules adopted by the U.S. Securities and Exchange Commission (“SEC”), we are furnishing proxy materials to our shareholders online rather than mailing printed copies to each shareholder. Accordingly, you will not receive a printed copy of the proxy materials unless you request one. The Notice Regarding the Availability of Proxy Materials for the Shareholder Meeting (“Notice”) includes instructions on how to access and review the proxy materials, and how to access your proxy card and vote online. If you would like to receive a printed copy of the proxy materials, please follow the instructions included in the Notice.
Please make sure you vote whether or not you plan to attend the Annual Meeting. You can cast your vote in person at the Annual Meeting, online by following the instructions on either the proxy card or the Notice, by telephone, or, if you received paper copies of the proxy materials, by mailing your proxy card in the postage - paid return envelope.
| WHEN:Tuesday, May 6, 20258:00 a.m. MTWHERE:The Inverness Denver, a Hilton Golf & Spa Resort 200 Inverness Drive WestEnglewood, Colorado 80112AGENDA:1. Elect the directors named in the Proxy Statement to serve as members of Arrow’s Board of Directors for a one-year term expiring at Arrow’s 2026 annual shareholder meeting.2. Ratify the appointment of Ernst & Young LLP as Arrow’s independent registered public accounting firm for the fiscal year ending December 31, 2025.3. Hold an advisory vote to approve named executive officer compensation.4. Hold an advisory vote on a shareholder proposal, if properly presented at the Annual Meeting.5. Transact such other business as may properly come before the Annual Meeting or any adjournments or postponements thereof. | NOTICE OF ANNUAL MEETING OF SHAREHOLDERS | ||
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| March 25, 2025You are invited to Arrow’s Annual Meeting on Tuesday, May 6, 2025. Only shareholders of record at the close of business on March 10, 2025, are entitled to notice of and to vote at the Annual Meeting.Shareholders can vote online, by telephone, by completing and returning the proxy card, or by attending the Annual Meeting. The Notice and the proxy card have detailed instructions for voting, including voting deadlines. | |||
| InternetVisit the website noted on your proxy card to vote online. | TelephoneUse the toll-free number on your proxy card to vote by telephone. | MailSign, date, and return your proxy card in the enclosed envelope to vote by mail. | In PersonCast your vote in person at the Annual Meeting. |
| Shareholders may revoke a proxy (change or withdraw their votes) at any time prior to the Annual Meeting by following the instructions in the Proxy Statement.You may request a printed copy of the proxy materials and Arrow’s 2024 Annual Report on Form 10-K by calling 1-800-579-1639 or sending an e-mail to investor@arrow.com.The proxy materials and Arrow’s 2024 Annual Report on Form 10-K (which is not a part of the proxy soliciting material) will be available through www.proxyvote.com on or about March 25, 2025, or at investor.arrow.com/financials/financial-results. | |||
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| | | By Order of the Board of Directors, |
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| | Carine L. Jean-ClaudeCorporate Secretary | |
Important Notice Regarding the Availability of Proxy Materials**
**for the Shareholder Meeting to be Held on May 6, 2025
LETTER FROM THE PRESIDENT AND CHIEF EXECUTIVE OFFICER
First and foremost, thank you for your continued investment and confidence in Arrow Electronics.
At Arrow, our global team has the vision to bridge the gap between what’s possible and the practical technologies to make it happen. We are sharply focused on driving demand and expanding addressable markets for our suppliers and customers via our technology-centric position, go-to-market expertise, and supply chain services capabilities. We enable our suppliers to distribute their technologies and help our customers to source, build upon, and leverage these technologies to grow their businesses and enhance their overall competitiveness. We are a trusted partner in a complex value chain and are uniquely positioned through our electronics components and IT content portfolios to deliver long-term shareholder value.
Through our Five Years Out mindset, we are motivated by our purpose: We enable technology solutions that make a positive difference in people’s lives; and we guide the power of innovation to make the world better. Further, we understand the vital role we each play for the good of our business and stakeholders, including our talented global workforce that powers our performance.
Last year presented unique conditions, challenges, and opportunities. Despite unfavorable external factors, our Global Components segment made strong progress with our value-added offerings to drive structural margin improvements for the business. In our Enterprise Computing Solutions (“ECS”) segment, we re-aligned our regional strategies and redoubled our focus on the capabilities that differentiate Arrow, giving us confidence that this business segment is poised to contribute even more as we more closely align our offerings to meet the demands of faster growing markets. We were able to accomplish these results while maintaining an unwavering commitment to our core Arrow values: ethical in how we conduct business; open-minded and courageous as we engage stakeholders; results-oriented and accountable for the quality and outcome of our work; innovative to grow value for stakeholders; and customer - centric to earn trust, loyalty, and repeat business.
Throughout the past year, I have greatly appreciated the opportunity to partner with Arrow’s insightful and independent Board members. Our Board is composed of individuals who have a wide range of backgrounds, experiences, and skillsets that enable them to evaluate and provide valuable perspective on our unique business, and their expertise is vital as we navigate a rapidly evolving market. The Board maintains a robust self-evaluation process that facilitates thoughtful refreshment and succession on an ongoing basis.
As we move through an ongoing cyclical correction, we are optimistic regarding the overall industry backdrop. We believe longer term technology trends will benefit Arrow especially since we are at the center of large and growing markets.
The Board and management team remain focused on enhancing more accretive growth initiatives and prudently managing our cost structure and working capital portfolio. This will enable us to emerge from this period to continue generating long-term value for our shareholders, suppliers, and customers.
I invite you to read about Arrow’s corporate governance and executive compensation practices in the following pages. As always, we welcome your input and value your support.
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| Sincerely, | |
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| Sean J. Kerins | |
| President and Chief Executive Officer | |
ARROW ELECTRONICS, INC.**
ANNUAL MEETING OF SHAREHOLDERS
**TO BE HELD MAY 6, 2025
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.