This is the proceedings of the 2004 SAVCBS workshop. The workshop is concerned with how formal (i.e., mathematical) techniques can be or should be used to establish a suitable foundation for the specification and verification of component-based systems. Component-based systems are a growing concern for the software engineering community. Specification and reasoning techniques are urgently needed to permit composition of systems from components. Component-based specification and verification is also vital for scaling advanced verification techniques such as extended static analysis and model checking to the size of real systems. The workshop considers formalization of both functional and non-functional behavior, such as performance or reliability.