JBL 8-K
Jabil Inc (JBL)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 OR 15(d)
of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code
(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:
| 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 each 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. |
On April 16, 2025, the Board of Directors (“Board”) of Jabil Inc. (“Jabil”), increased the size of the Board from nine to ten directors and appointed Ms. Sujatha Chandrasekaran to the Board, effective immediately and continuing until the next annual meeting of stockholders or until her successor is duly elected and qualified. Ms. Chandrasekaran’s committee assignments are expected to be made by the Board at its next regularly scheduled meeting. The Board has determined that Ms. Chandrasekaran is independent under the standards of the New York Stock Exchange and other governing laws and applicable regulations.
Ms. Chandrasekaran will receive compensation for her service on the Board consistent with that provided to all non-employee directors, which is described under the caption “Proposal No. 1: Election of Directors - Director Compensation” in Jabil’s definitive proxy statement on Schedule 14A filed with the Securities and Exchange Commission on December 12, 2024, as adjusted by the Board from time to time.
Other than the compensation from the registrant set forth in the preceding paragraph, no arrangement or understanding exists between Ms. Chandrasekaran and any other persons, pursuant to which Ms. Chandrasekaran was selected as a director and there are no transactions in which Ms. Chandrasekaran has an interest that would require disclosure under Item 404(a) of Regulation S-K.
On April 21, 2025, the Company issued a press release announcing Ms. Chandrasekaran’s appointment to the Board, a copy of which 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 No. |
Description | |
| 99.1 | Press Release dated April 21, 2025, announcing the appointment of Sujatha Chandrasekaran to the Board of Directors of Jabil Inc. | |
| 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. | ||||||
| April 22, 2025 | By: | /s/ Susan Wagner-Fleming | ||||
| Susan Wagner-Fleming | ||||||
| Senior Vice President, Securities, M&A and Corporate Secretary | ||||||
Exhibit 99.1
Jabil Announces Appointment of New Director to the Board
ST. PETERSBURG, Fla. – April 21, 2025 – Jabil Inc. (NYSE: JBL), a global engineering, supply chain, and manufacturing solutions provider, today announced that Sujatha Chandrasekaran has been appointed to its Board of Directors.
“I’m pleased to announce the appointment of Suja to our Board,” said Mark Mondello, Jabil’s Executive Chairman. “Suja brings with her a terrific leadership style, as well as broad-based experience across relevant end-markets, which position her to become a tremendous asset to our Board.”
Ms. Chandrasekaran has led global businesses in healthcare, retail, consumer, supply chain and manufacturing with revenues ranging from $3B to $500B. She has most recently served as Senior Executive Vice President, Chief Digital and Information Officer at CommonSpirit Health, the second-largest nonprofit hospital system in the United States. Previously, she was the Global Chief Digital and Information Officer at the consumer-packaged goods company Kimberly-Clark and the Global Chief Technology and Data Officer at Walmart.
Suja Chandrasekaran serves on the boards of various companies, including American Eagle Outfitters, Brenntag SE, ATOS SE, Agendia, and Pando.AI. As the founder and board director of the T200 Foundation, a nonprofit that fosters the growth of women in technology through networking, mentorship, and professional development, Ms. Chandrasekaran is also dedicated to uplifting the next generation of leaders.
“With her extensive background in portfolio strategy, finance management, and technology, data and AI transformation, Suja has a unique perspective that we welcome to Jabil’s Board. Her insights will be invaluable as we continue executing on commitments to our shareholders, customers, and communities,” said Jabil CEO Mike Dastoor.
About Jabil:
At Jabil (NYSE: JBL), we are proud to be a trusted partner for the world’s top brands, offering comprehensive engineering, supply chain, and manufacturing solutions. With over 50 years of experience across industries and a vast network of over 100 sites worldwide, Jabil combines global reach with local expertise to deliver both scalable and customized solutions. Our commitment extends beyond business success as we strive to build sustainable processes that minimize environmental impact and foster vibrant and diverse communities around the globe. Discover more at www.jabil.com.
# # #
Investor Contact
Adam Berry
Senior Vice President, Investor Relations and Communications [email protected]
Media Contact
Timur Aydin
Senior Director, Enterprise Marketing and Communications [email protected]