01—Abstract
Summary
Summary of the 8-K filed January 28, 2025. Cited figures are marked; the original filing is the authoritative source.
Jabil Inc. held its Annual Meeting of Stockholders on January 23, 2025, and this Form 8-K reports the voting results on five proposals described in its Proxy Statement dated December 12, 2024.
All nine director nominees were elected to serve until the next annual meeting or until their successors are duly elected and qualified. Stockholders also ratified Ernst & Young LLP as the independent registered public accounting firm for the fiscal year ending August 31, 2025, and approved the executive compensation on an advisory basis. Two stockholder proposals were not approved.
One, titled "Shareholder Opportunity to Vote on Excessive Golden Parachutes," received 4,625,589 votes for and 86,377,730 against. The other, titled "Director Election Resignation Governance Guideline," received 23,399,663 votes for and 67,533,841 against. The filing reports the votes cast for, against, and abstaining for each nominee and proposal, along with broker non-votes where applicable.
02—Key points
Key Highlights
- Annual Meeting held January 23, 2025; all nine director nominees were elected to serve until the next annual meeting.
- Director votes for John C. Plant (55,169,103 for; 35,940,253 against) and Steven A. Raymund (55,496,687 for; 35,524,809 against) were notably lower than for other nominees, who received between 85,744,796 and 90,310,991 votes for.
- Ernst & Young LLP was ratified as the independent registered public accounting firm for the fiscal year ending August 31, 2025, with 97,683,281 votes for and 2,255,928 against.
- Executive compensation was approved on an advisory basis, with 65,771,241 votes for and 25,311,277 against.
- The stockholder proposal on excessive golden parachutes was not approved, receiving 4,625,589 votes for and 86,377,730 against.
- The stockholder proposal on a director election resignation governance guideline was not approved, receiving 23,399,663 votes for and 67,533,841 against.
03—Questions
Frequently Asked Questions
Who was elected to Jabil's Board of Directors at the January 23, 2025 Annual Meeting?
The stockholders elected Anousheh Ansari, Michael Dastoor, Christopher S. Holland, Mark T. Mondello, John C. Plant, Steven A. Raymund, James Siminoff, N. V. "Tiger" Tyagarajan, and Kathleen A. Walters as directors, each to serve until the next annual meeting or until a successor is duly elected and qualified.
Which independent accounting firm did stockholders ratify?
Stockholders ratified Ernst & Young LLP as the Company's independent registered public accounting firm for the fiscal year ending August 31, 2025, with 97,683,281 votes for, 2,255,928 against, and 96,824 abstaining.
Did stockholders approve the executive compensation program?
Yes. The executive compensation was approved on an advisory basis, with 65,771,241 votes for, 25,311,277 against, 117,943 abstaining, and 8,835,572 broker non-votes.
What stockholder proposals were voted on, and what were the results?
Two stockholder proposals were voted on and neither was approved. The proposal on excessive golden parachutes received 4,625,589 votes for and 86,377,730 against. The proposal on a director election resignation governance guideline received 23,399,663 votes for and 67,533,841 against.
04—Continue