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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) October 16, 2025
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 |
||
| 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 October 16, 2025, following Jabil Inc.’s October meeting of the Board of Directors (the “Board”), Jabil announced that Executive Chairman Mark T. Mondello and Directors Kathleen A. Walters and James Siminoff would not seek re-election to the Board at the end of their current terms, which conclude on January 22, 2026 at Jabil’s 2026 Annual Meeting of Stockholders (the “2026 Annual Meeting”).
Upon Mr. Mondello’s departure, Lead Director Steven Raymund is expected to assume the role of chairman of the Board.
Jabil also anticipates that it will enter into a consulting agreement with Mr. Mondello effective at the time of his departure.
| Item 8.01 | Other Events. |
On October 16, 2025, the Company issued a press release regarding the departure of Mr. Mondello, Ms. Walters, and Mr. Siminoff, which is attached as Exhibit 99.1 and incorporated herein by reference.
In addition, on October 16, 2025, the Board approved a decrease in the size of the Board to seven members effective immediately prior to the 2026 Annual Meeting.
| Item 9.01. | Financial Statements and Exhibits. |
| (d) | Exhibits. |
The following exhibit is furnished herewith:
| Exhibit No. |
Description |
|
| 99.1 | Press Release dated October 16, 2025 | |
| 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. | ||||||
| October 21, 2025 | By: | /s/ Susan Wagner-Fleming |
||||
| Susan Wagner-Fleming | ||||||
| Senior Vice President, Securities, M&A and Corporate Secretary |
||||||
Exhibit 99.1
Jabil Announces Board Transitions
Executive Chairman Mark T. Mondello and Directors Kathleen A. Walters and Jamie Siminoff to Depart the Board; Lead Director Steve Raymund Expected to Become Chairman
ST. PETERSBURG, Fla. – October 16, 2025 – Jabil Inc. (NYSE: JBL) today announced that Executive Chairman of the Board of Directors Mark T. Mondello and Directors Kathleen A. Walters and Jamie Siminoff will not seek re-election at Jabil’s Annual Meeting of Stockholders in January 2026.
Mondello, Walters, and Siminoff will continue to serve on the Board until the company’s Annual Meeting of Stockholders in January 2026.
Mondello will depart from the board and his role as executive chairman after 12 years of distinguished service on the board and 33 years with Jabil, including a decade as chief executive officer from 2013 to 2023. During his tenure, he was essential in shaping Jabil’s diversification strategy, which significantly broadened the company’s portfolio, accelerated growth and positioned Jabil as a global leader in manufacturing solutions.
Walters originally served as an independent director on Jabil’s Board of Directors from 2005 to 2011 and rejoined the board in 2019. Walters was an executive at Georgia-Pacific Corp. (GP) from 2004 until her retirement in June 2019, serving her last 12 years as executive vice president and group president, leading the consumer products group.
Siminoff joined Jabil’s Board of Directors in 2024, bringing valuable experience as an inventor and entrepreneur, best known as the founder of Ring. His departure follows his return to a full-time role at Amazon as vice president of product at Ring, which Amazon acquired in 2018.
Upon Mondello’s departure, Lead Director Steve Raymund is expected to assume the role of chairman of the board. “I am honored to be considered for this role,” Raymund said. “On behalf of the entire board, I want to express our deep appreciation to Mark, Kathy, and Jamie for their service and dedication to Jabil.”
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.
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Investor Contact
Adam Berry
Senior Vice President, Investor Relations and Corporate Affairs
Adam_berry@jabil.com
Media Contact
Timur Aydin
Senior Director, Enterprise Marketing and Communications
publicrelations@jabil.com