01—Abstract
Summary
Summary of the 8-K/A filed June 20, 2025. Cited figures are marked; the original filing is the authoritative source.
Jabil Inc. filed this Form 8-K/A on June 20, 2025 to amend its original Form 8-K filed September 26, 2024, which disclosed the Board's September 24, 2024 approval of a restructuring plan (the "2025 Restructuring Plan") to align its support infrastructure and optimize organizational effectiveness.
The plan includes headcount reductions across Selling, General and Administrative and manufacturing cost bases, along with capacity realignment. The original filing had stated that the company could not yet make a good faith estimate of the costs; this amendment provides those estimates. The company expects total pre-tax restructuring and other related costs of approximately $200 milliona, to be incurred over the course of fiscal year 2025.
The estimate is broken into three categories: $60 million to $70 millionb of employee severance and benefit costs, $65 million to $70 million of asset write-off costs, and $55 million to $65 million of contract termination and other related costs. The estimates exclude any potential income tax effects.
The company cautions that the exact timing of charges and cash outflows has not been finalized and may be affected by transition timetables, employee consultations, and jurisdictional statutory severance requirements. Jabil states it will file further amendments to the Original 8-K as details are refined and cost estimates are finalized.
02—Key points
Key Highlights
- Jabil's 2025 Restructuring Plan, approved by the Board on September 24, 2024, targets headcount reductions in SG&A and manufacturing cost bases plus capacity realignment.
- Expected total pre-tax restructuring and other related costs of approximately $200 million, to be incurred over fiscal year 2025.
- Employee severance and benefit costs estimated at $60 million to $70 million.
- Asset write-off costs estimated at $65 million to $70 million.
- Contract termination and other related costs estimated at $55 million to $65 million.
- Estimates exclude potential income tax effects, and timing of charges and cash outflows is not yet finalized.
- The company will file further amendments to the Original 8-K as the plan details and cost estimates are refined.
03—Questions
Frequently Asked Questions
Why did Jabil file this amended 8-K?
The original 8-K filed September 26, 2024 disclosed the restructuring plan but stated the company could not yet make a good faith estimate of the costs for each major type. This 8-K/A adds those estimates.
What is the total expected cost of the 2025 Restructuring Plan?
Jabil expects total pre-tax restructuring and other related costs of approximately $200 million, to be incurred over the course of fiscal year 2025.
What types of costs make up the restructuring charges?
The estimates are $60 million to $70 million for employee severance and benefits, $65 million to $70 million for asset write-offs, and $55 million to $65 million for contract termination and other related costs.
Could the timing or amount of these costs change?
Yes. The company states the exact timing of charges and cash outflows has not been finalized and may be affected by transition timetables, employee consultations, and jurisdictional statutory severance. The estimates also exclude potential income tax effects, and further amendments are expected as details are finalized.
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