01—Abstract
Summary
Summary of the 8-K filed October 21, 2025. Cited figures are marked; the original filing is the authoritative source.
Jabil Inc. (NYSE: JBL) disclosed in an 8-K dated October 21, 2025 that Executive Chairman Mark T.
Mondello and Directors Kathleen A. Walters and James Siminoff will not seek re-election to the Board when their terms conclude at the 2026 Annual Meeting of Stockholders on January 22, 2026. The announcement followed the Board's October meeting, and the company's press release (Exhibit 99.1, dated October 16, 2025) states that the three will continue serving until that meeting.
Lead Director Steven Raymund is expected to become Chairman of the Board upon Mr. Mondello's departure. Jabil also anticipates entering into a consulting agreement with Mr. Mondello effective at the time of his departure. On October 16, 2025, the Board also approved reducing its size to seven members, effective immediately before the 2026 Annual Meeting.
The press release describes Mr. Mondello's 12 years on the board, 33 years with Jabil, and a decade as chief executive officer from 2013 to 2023. It also notes Ms. Walters' retirement from Georgia-Pacific Corp. in 2019 and Mr. Siminoff's return to a full-time role at Amazon as vice president of product at Ring. The filing contains no financial results or operating metrics.
02—Key points
Key Highlights
- Executive Chairman Mark T. Mondello will not seek re-election; his board and executive chairman roles end at the 2026 Annual Meeting on January 22, 2026.
- Directors Kathleen A. Walters and James (Jamie) Siminoff will also not stand for re-election at the 2026 Annual Meeting.
- Lead Director Steven Raymund is expected to assume the role of Chairman of the Board upon Mr. Mondello's departure.
- Jabil anticipates entering into a consulting agreement with Mr. Mondello effective at the time of his departure.
- The Board approved reducing its size to seven members, effective immediately before the 2026 Annual Meeting.
- Mr. Mondello served as CEO from 2013 to 2023 and spent 33 years with Jabil, including 12 years on the board.
- The filing contains no financial results, guidance, or operating metrics; the changes are governance-related.
03—Questions
Frequently Asked Questions
Why are Mark Mondello, Kathleen Walters, and Jamie Siminoff leaving the board?
The filing states that the three will not seek re-election at the 2026 Annual Meeting, when their current terms conclude. It does not give a reason for the decisions beyond the press release's note that Mr. Siminoff is returning to a full-time role at Amazon as vice president of product at Ring.
Who will lead Jabil's board after Mr. Mondello departs?
Lead Director Steven Raymund is expected to assume the role of chairman of the board upon Mr. Mondello's departure, according to the filing.
Will Mr. Mondello have any continuing relationship with Jabil?
Jabil anticipates entering into a consulting agreement with Mr. Mondello effective at the time of his departure. The filing does not provide the terms of that agreement.
How will the board's size change?
On October 16, 2025, the Board approved a decrease in its size to seven members, effective immediately before the 2026 Annual Meeting of Stockholders.
When will these departures take effect?
The three directors will continue to serve until the 2026 Annual Meeting of Stockholders, which the filing says is scheduled for January 2026, when their current terms conclude on January 22, 2026.
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