JABIL INC false 0000898293 0000898293 2024-09-03 2024-09-03

 

 

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) September 3, 2024

 

 

Jabil Inc.

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   001-14063   38-1886260

(State or other jurisdiction

of incorporation)

  

(Commission

File Number)

  

(IRS Employer

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

(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

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.

On September 3, 2024, the Board of Directors (“Board”) of Jabil Inc. (“Jabil”), increased the size of the Board from nine to ten directors and appointed Mr. Michael Dastoor to the Board, effective immediately and continuing until the next annual meeting of shareholders or until his successor is duly elected and qualified.

Mr. Dastoor, age 58, was named Chief Executive Officer in May 2024. Over his 24-year tenure at Jabil, he has held multiple leadership roles across Jabil’s global markets since joining in 2000, including serving as Chief Financial Officer from April 2018 through April 2024 and as Senior Vice President, Controller since July 2010.

Mr. Dastoor does not have any direct or indirect material interest in any transaction or proposed transaction required to be reported under Item 404(a) of Regulation S-K.

On September 3, 2024, the Company issued a press release announcing the Mr. Dastoor’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 September 3, 2024
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.
September 6, 2024     By:  

/s/ Susan Wagner-Fleming

            Susan Wagner-Fleming
      Vice President, Senior Deputy General Counsel and Corporate Secretary

Exhibit 99.1

 

LOGO

 

LOGO

Jabil CEO Michael Dastoor Appointed to Board of Directors

2024-09-03

ST. PETERSBURG, Fla.—(BUSINESS WIRE)— Jabil Inc. (NYSE: JBL) announced today that CEO Michael Dastoor has been appointed to the company’s Board of Directors. This appointment follows Dastoor’s recent promotion to CEO in May 2024.

“We are pleased to welcome Mike to the Board. His appointment is a natural extension of his leadership and the impact he has had on Jabil. His thorough understanding of and respect for Jabil’s business and culture will make him an invaluable addition,” said Jabil’s Executive Chairman of the Board, Mark Mondello.

Since joining Jabil in 2000, Dastoor has played a pivotal role in steering the company through various global market challenges, demonstrating exceptional leadership and a deep commitment to Jabil’s growth and success. His extensive experience within the company has been instrumental in shaping Jabil’s strategic direction.

“I am honored to be a part of the Board, and I am looking forward to collaborating with the rest of the Board to support our strategic direction and drive long-term shareholder value,” said Dastoor.

About Jabil:

At Jabil (NYSE: JBL), we are proud to be a trusted partner for the world’s top brands, offering comprehensive engineering, manufacturing, and supply chain 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

adam_berry@jabil.com

Media Contact

Timur Aydin

Senior Director, Enterprise Marketing and Communications

publicrelations@jabil.com

Source: Jabil Inc.

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Document and Entity Information
Sep. 03, 2024
Cover [Abstract]  
Entity Registrant Name JABIL INC
Amendment Flag false
Entity Central Index Key 0000898293
Document Type 8-K
Document Period End Date Sep. 03, 2024
Entity Incorporation State Country Code DE
Entity File Number 001-14063
Entity Tax Identification Number 38-1886260
Entity Address, Address Line One 10800 Roosevelt Boulevard North
Entity Address, City or Town St. Petersburg
Entity Address, State or Province FL
Entity Address, Postal Zip Code 33716
City Area Code (727)
Local Phone Number 577-9749
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Pre Commencement Tender Offer false
Pre Commencement Issuer Tender Offer false
Security 12b Title Common Stock, $0.001 par value per share
Trading Symbol JBL
Security Exchange Name NYSE
Entity Emerging Growth Company false
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