01—Abstract
Summary
Summary of the 8-K filed April 22, 2025. Cited figures are marked; the original filing is the authoritative source.
Jabil Inc. (NYSE: JBL) filed this Current Report on Form 8-K to disclose the appointment of Sujatha Chandrasekaran to its Board of Directors.
On April 16, 2025, the Board increased its size from nine to ten directors and appointed Ms. Chandrasekaran, effective immediately, to serve until the next annual meeting of stockholders or until her successor is duly elected and qualified. The Board has determined that she is independent under New York Stock Exchange standards. Her committee assignments are expected to be made at the Board's next regularly scheduled meeting.
Ms. Chandrasekaran will receive non-employee director compensation consistent with that described in Jabil's definitive proxy statement on Schedule 14A filed December 12, 2024, as adjusted by the Board from time to time. The filing states there is no arrangement or understanding with any other person under which she was selected as a director, and no transactions requiring disclosure under Item 404(a) of Regulation S-K. The filing attaches Exhibit 99.1, a press release dated April 21, 2025, announcing the appointment.
The release describes her background as Senior Executive Vice President and Chief Digital and Information Officer at CommonSpirit Health, previously Global Chief Digital and Information Officer at Kimberly-Clark and Global Chief Technology and Data Officer at Walmart. The filing contains no financial results or guidance.
02—Key points
Key Highlights
- Board expanded from nine to ten directors on April 16, 2025, with Sujatha Chandrasekaran appointed to fill the new seat effective immediately.
- The Board determined Ms. Chandrasekaran is independent under New York Stock Exchange standards and applicable laws.
- Her committee assignments are expected to be made at the Board's next regularly scheduled meeting.
- Her director compensation mirrors that of all non-employee directors, as described in the December 12, 2024 proxy statement.
- No undisclosed arrangements or Item 404(a) related-person transactions are reported in connection with her appointment.
- Her prior roles include Senior EVP and Chief Digital and Information Officer at CommonSpirit Health, and Global CDIO at Kimberly-Clark and Global Chief Technology and Data Officer at Walmart.
- Mark Mondello, Executive Chairman, and Mike Dastoor, CEO, both commented on the appointment in the attached press release.
03—Questions
Frequently Asked Questions
Who was appointed to Jabil's Board of Directors?
Sujatha Chandrasekaran was appointed to the Board, effective immediately, on April 16, 2025. She serves until the next annual meeting of stockholders or until her successor is duly elected and qualified.
Is the new director considered independent?
Yes. 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.
How will the new director be compensated?
She will receive compensation consistent with all non-employee directors, as described under Director Compensation in Jabil's definitive proxy statement filed December 12, 2024, as adjusted by the Board from time to time.
Will she be assigned to any Board committees?
Committee assignments are expected to be made by the Board at its next regularly scheduled meeting.
What is the new director's professional background?
According to the attached press release, she most recently served as Senior Executive Vice President and Chief Digital and Information Officer at CommonSpirit Health. Earlier roles included Global Chief Digital and Information Officer at Kimberly-Clark and Global Chief Technology and Data Officer at Walmart.
04—Continue