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8-K

Jabil Inc (JBL)

8-K 2022-11-09 For: 2022-11-03
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Added on April 11, 2026

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 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) November 3, 2022

Jabil Inc.

(Exact name of registrant as specified in its charter)

Delaware 001-14063 38-1886260
(State or other jurisdiction<br> <br>of incorporation) (Commission<br> <br>File Number) (IRS Employer<br> <br>Identification No.)

10800 Roosevelt Boulevard North, St. Petersburg, Florida 33716

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code (727) 577-9749

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:

Title of each class Trading<br> <br>symbol(s) Name of each exchange<br> <br>on which registered
Common Stock, $0.001 par value per share JBL 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 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

In connection with its succession planning, on November 3, 2022, the Board of Directors (the “Board”) of Jabil Inc. (the “Company”) appointed Mr. Kenneth Wilson as Chief Executive Officer (“CEO”) of the Company effective May 1, 2023. Mr. Wilson will succeed Mr. Mark Mondello, who will continue his service as CEO until his retirement on April 30, 2023. On and after April 30, 2023, Mr. Mondello will continue in the role of Executive Chairman of the Board.

Mr. Wilson, age 57, was named Executive Vice President and CEO of Jabil Green Point in September 2017. Prior to that, he was Senior Vice President of the Telecommunications Infrastructure Sector within the Company’s Enterprise & Infrastructure group. He first joined the Company in 2000. Mr. Wilson has a bachelor’s degree in Manufacturing Engineering and an MBA from Edinburgh Business School.

A copy of the press release issued by the Company on November 4, 2022 is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d)    Exhibits

The following exhibit is furnished herewith:

Exhibit<br>No. Description
99.1 Press Release dated November 4, 2022
104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

JABIL INC.
November 9, 2022 By: /s/ Susan Wagner-Fleming
Susan Wagner-Fleming
Vice President, Corporate Secretary and Deputy General<br>Counsel

EX-99.1

Exhibit 99.1

LOGO

Jabil Announces CEO Succession

Kenny Wilson to become CEO, effective May 1, 2023

ST. PETERSBURG, FL – November 4, 2022 – Jabil Inc. (NYSE: JBL) today announced that Kenny Wilson has been named as the company’s next Chief Executive Officer and will continue to work closely with Mark Mondello, Jabil’s current Chairman and CEO, before assuming the role of CEO on May 1, 2023.

Mondello, a Jabil employee for more than 30 years, will continue to serve as Executive Chairman following the effective date of Wilson’s appointment.

“Mark’s commitment to Jabil, our employees and our investors has been resolute,” said Steve Raymund, Lead Independent Director. “He embodies our value set here at Jabil and leads with passion and care. Furthermore, over the past two years, Mark has been fully transparent about his plans, allowing us the opportunity to work together to ensure a thorough succession plan, one that led to the selection of Kenny Wilson, a long-tenured and superbly prepared Jabil leader.”

“On behalf of the Board of Directors, I want to thank Mark for his astounding achievements during his tenure as Jabil’s CEO,” said Raymund. “Mark intends to focus on strategy and corporate development, along with other responsibilities. We look forward to his continued contributions as an active and engaged Executive Chairman.”

Wilson joined the company in 2000 and has admirably delivered for Jabil, on assignments in Europe, Asia and the Americas. Most recently, he has held the title of Executive Vice President, successfully leading the Jabil Greenpoint Team.

“The ethos of our company is all about our people and Kenny is a tremendous example of a tireless leader who possesses great followership throughout the company,” Mondello said. “He has a track record of delivering results for over 20 years. I look forward to maintaining our close-knit working relationship, as we continue to serve our stakeholders worldwide.”

About Jabil:

Jabil (NYSE: JBL) is a manufacturing solutions provider with over 260,000 employees across 100 locations in 30 countries. The world’s leading brands rely on Jabil’s unmatched breadth and depth of end-market experience, technical and design capabilities, manufacturing know-how, supply chain insights and global product management expertise. Driven by a common purpose, Jabil and its people are committed to making a positive impact on their local community and the environment. Visit www.jabil.com to learn more.

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Media Contact

Timur Aydin

Director, Enterprise Content and Media

timur_aydin@jabil.com

Investor Relations Contact

Adam Berry

Vice President, Investor Relations

adam_berry@jabil.com