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Form 8-K · Current Report · Filed 2024-05-31

Gerald (JJ) Creadon Departs Jabil Inc.

On May 24, 2024, Gerald (JJ) Creadon, former Executive Vice President, Operations of Jabil Inc., entered into a Mutual Separation Agreement and Release.

Filer
Jabil Inc. JBL · NYSE
Filed
Accession
0001193125-24-150934
CIK
0000898293
Signal
High impactTechnology

Details

Creadon's employment will formally end on March 1, 2025, with a $1.5 million payment, continuation of insurance coverage, and retention of equity awards. The Agreement also includes non-compete, non-solicitation, and non-interference provisions.

Items reported

Item 5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers

Key Executive Departure Executive Compensation Detail
Item 9.01

Financial Statements and Exhibits

Exhibits Furnished

Market reaction

Close before filing

$119.22

Next session

-1.7%

Since filing

+164.3%

Latest close

$315.05

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from JBL reporting the same item, with the next session's move:

Exhibits (1)

About Jabil Inc.

Jabil Inc. is a multinational manufacturing services company that provides design, manufacturing, and supply chain solutions globally. Catering primarily to the electronics manufacturing sector, Jabil Inc. plays a crucial role in the product lifecycle, from concept and design to delivery and logistics. Serving diverse industries such as healthcare, automotive, industrial, and consumer products, Jabil helps companies innovate, scale, and enhance product quality. Its prowess in supply chain management and distribution exemplifies its commitment to operational efficiency and responsiveness, crucial in today’s fast-paced market environments. Headquartered in St. Petersburg, Florida, Jabil’s strategic focus on technological advancements and its expansive global operations underscores its importance as a partner in enabling businesses to bring advanced technological products to market efficiently. This capability enhances its significance in the manufacturing and logistics sectors, making it a key player in the production backbone for many global brands.

Exchange NYSE Industry Electronic Components Company website ↗

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