8-K

JACOBS SOLUTIONS INC. (J)

8-K 2020-08-17 For: 2020-08-14
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Added on April 09, 2026

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): August 14, 2020

Jacobs Engineering Group Inc.

(Exact name of Registrant as specified in its charter)

Delaware 1-7463 95-4081636
(State or other jurisdiction of incorporation or organization) (SEC File No.) (IRS Employer<br><br>identification number)
1999 Bryan Street Suite 1200 Dallas Texas 75201
(Address of principal executive offices) (Zip Code)

Registrant's telephone number (including area code): (214) 583-8500

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)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities registered pursuant to Section 12(b) of the Act:

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Title of Each Class Trading Symbol(s) Name of Each Exchange on Which Registered
Common Stock $1 par value J 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.
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
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Election of Director

On August 14, 2020, the Board of Directors (the “Board”) of Jacobs Engineering Group Inc. (the “Company”) elected Vincent K. Brooks to serve as a director of the Company until the annual meeting of shareholders in 2021. This appointment fills an existing vacancy on the Board. The Board, after consideration of all facts and circumstances, affirmatively determined that Mr. Brooks is an independent director under the corporate governance standards of the New York Stock Exchange and the Company’s guidelines for determining independence.

In connection with his election, Mr. Brooks will receive the standard, annual compensation for the Company’s non-management directors. This annual compensation includes (i) a cash retainer in the amount of $115,000 per year, and (ii) pursuant to the Company’s 1999 Outside Director Plan, as amended and restated, an award of restricted stock units with an aggregate value of $180,000, pro-rated based on his election date. Mr. Brooks will also be eligible to participate in the Jacobs Director Deferral Plan.

There were no understandings or other agreements or arrangements between Mr. Brooks and any other person pursuant to which he was appointed as a director of the Company.

On August 17, 2020, the Company issued a press release announcing the appointment of Mr. Brooks to the Board. A copy of the press release is attached as Exhibit 99.1 to this report.

The press release attached hereto as Exhibit 99.1 is incorporated herein by reference

Item 9.01 Financial Statements and Exhibits

(d)Exhibits:

99.1 Press Release, dated August 17, 2020
104 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document

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.

Dated: August 17, 2020

JACOBS ENGINEERING GROUP INC.
By: /s/ Kevin C. Berryman
Kevin C. Berryman
President
and Chief Financial Officer
(Principal Financial Officer)

Document

Exhibit 99.1

image1.jpg

1999 Bryan Street, Suite 1200
Dallas, Texas 75201
1.214.583.8500

Press Release

FOR IMMEDIATE RELEASE August 17, 2020

Retired Four-Star General Vincent K. Brooks Named to Jacobs Board of Directors

Deep expertise in national security and cyber align with growth sectors

DALLAS – Jacobs (NYSE:J) announced today the election of Vincent (Vince) K. Brooks to its Board of Directors.

Jacobs Chair and CEO Steve Demetriou said, "We are excited to welcome Vince Brooks to Jacobs’ Board of Directors. His exceptional leadership capabilities – proven in command of large, complex organizations in challenging situations around the world – as well as his focus on cyber and national security, align directly with Jacobs’ high priority growth markets. Both of our lines of business have strong, deep portfolios of national government work, and his experience will enable him to have immediate impact on our strategic objectives.”

A retired four-star general, Brooks was a career officer who served in the U.S. Army for more than 40 years from his entry into the U. S. Military Academy at West Point until his retirement from active duty in 2019. Most recently, he was the commander of the 650,000-strong Korean and United States forces in the Republic of Korea. General Brooks was the first African American chosen to lead all 4,000+ cadets at West Point as the Cadet Brigade Commander or “First Captain,” and went on to become the eighth African American in history to attain the military’s top rank of four-star general in the U.S. Army.

Widely respected as a speaker and leader of innovative organizations within and beyond the military, his areas of expertise include leadership in complex organizations, inclusion and diversity, national security, international relations, military operations, combating terrorism and countering the proliferation of weapons of mass destruction.

Demetriou continued, “At Jacobs, our brand – and our culture – are focused on challenging today to reinvent tomorrow. General Brooks has personified that mantra his entire career. We are honored to have him join the Jacobs Board as we continue to reshape the future for our employees, our clients, our communities and our shareholders.”

General Brooks serves on the boards of Diamondback Energy, the Gary Sinise Foundation, and the Korea Defense Veterans Association, and is a principal with WestExec Advisors. He is a member of the Council on Foreign Relations; a visiting Senior Fellow at Harvard Kennedy School’s Belfer Center for Science and International Affairs; a Distinguished Fellow at the University of Texas, with both the Clements Center for National Security and also the Strauss Center for International Security and Law; and an Executive Fellow with the Institute for Defense and Business. He holds a bachelor’s degree in engineering from the U.S. Military Academy at West Point and a Master of Military Art and Science from the prestigious U.S. Army School of Advanced Military Studies at Fort Leavenworth, Kansas.

Jacobs' Board is comprised of 11 members from diverse geographic, industry, government, technical and business backgrounds, providing a robust governance structure that aligns with the company's strong emphasis on inclusion; 45% of Jacobs' board is female or ethnically diverse.

At Jacobs, we're challenging today to reinvent tomorrow by solving the world's most critical problems for thriving cities, resilient environments, mission-critical outcomes, operational advancement, scientific discovery and cutting-edge manufacturing, turning abstract ideas into realities that transform the world for good. With $13 billion in revenue and a talent force of more than 55,000, Jacobs provides a full spectrum of professional services including consulting, technical, scientific and project delivery for the government and private sector. Visit jacobs.com and connect with Jacobs on Facebook, Instagram, LinkedIn and Twitter.

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Certain statements contained in this press release constitute forward-looking statements as such term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such statements are intended to be covered by the safe harbor provided by the same. Statements made in this release that are not based on historical fact are forward-looking statements. We base these forward-looking statements on management's current estimates and expectations as well as currently available competitive, financial and economic data. Forward-looking statements, however, are inherently uncertain. There are a variety of factors that could cause business results to differ materially from our forward-looking statements, including, but not limited to, the impact of the COVID-19 pandemic and the related reaction of governments on global and regional market conditions and the company’s business. For a description of some additional factors that may occur that could cause actual results to differ from our forward-looking statements, see our Annual Report on Form 10-K for the year ended September 27, 2019, and in particular the discussions contained under Item 1 - Business; Item 1A - Risk Factors; Item 3 - Legal Proceedings; and Item 7 - Management's Discussion and Analysis of Financial Condition and Results of Operations, and our Quarterly Report on Form 10-Q for the quarter ended June 26, 2020, and in particular the discussions contained under Part I, Item 2 - Management's Discussion and Analysis of Financial Condition and Results of Operations; Part II, Item 1 - Legal Proceedings; and Part II, Item 1A - Risk Factors, as well as the company's other filings with the Securities and Exchange Commission. The company is not under any duty to update any of the forward-looking statements after the date of this press release to conform to actual results, except as required by applicable law.

For press/media inquiries:

Kerrie Sparks

214.583.8433