01—Abstract
Summary
Summary of the 8-K filed January 28, 2026. Cited figures are marked; the original filing is the authoritative source.
Jabil Inc. (NYSE: JBL) filed this Form 8-K on January 28, 2026 to report board and leadership changes following its 2026 Annual Meeting of Stockholders.
On January 22, 2026, the Board increased its size from seven to nine directors and appointed Thomas T. Edman and Raejeanne Skillern as independent directors, effective immediately. Steven Raymund was appointed Chairman of the Board on the same date, and Sujatha Chandrasekaran was added to the Compensation and Cybersecurity Committees.
Mark T. Mondello, who did not stand for re-election, ended his employment and his role as Executive Chairman on January 22, 2026. Jabil also entered into a Consulting Agreement with Mr. Mondello dated January 22, 2026, under which he will provide advisory and strategic services as an independent contractor through January 22, 2028.
Jabil will pay him a monthly consulting fee of $145,833.00a, unless the agreement is terminated for Cause as defined in the 2021 Equity Incentive Plan, and will reimburse reasonable out-of-pocket expenses. The filing's exhibits include a press release dated January 22, 2026 announcing the director appointments, which the company attributes to CEO Mike Dastoor's remarks about 60 years of Jabil innovation.
For investors, the filing is primarily a governance update: a larger board, a new chairman, two new independent directors with electronics manufacturing and cloud/data center backgrounds, and a defined post-employment consulting arrangement for the former Executive Chairman. The filing does not report financial results or operating metrics.
02—Key points
Key Highlights
- Board expanded from seven to nine directors; Thomas T. Edman and Raejeanne Skillern appointed effective January 22, 2026, both determined to be independent under NYSE standards.
- Edman joins the Audit and Cybersecurity Committees; Skillern joins the Audit Committee.
- Steven Raymund, a director since January 1996 and previously Lead Director, was appointed Chairman of the Board on January 22, 2026.
- Sujatha Chandrasekaran was appointed to the Compensation and Cybersecurity Committees on January 22, 2026.
- Mark T. Mondello's employment and role as Executive Chairman ended January 22, 2026; he did not run for re-election to the Board.
- Jabil entered into a Consulting Agreement with Mondello through January 22, 2028, at a monthly fee of $145,833.00 plus reasonable expense reimbursement.
- Non-employee director compensation for the new directors follows the terms described in Jabil's December 12, 2025 proxy statement.
03—Questions
Frequently Asked Questions
Who joined Jabil's Board of Directors and when?
Thomas T. Edman and Raejeanne Skillern were appointed to the Board on January 22, 2026, following the 2026 Annual Meeting of Stockholders. The Board increased its size from seven to nine directors to accommodate them.
Who is the new Chairman of the Board?
Steven Raymund was appointed Chairman of the Board on January 22, 2026. The press release notes he has served as a director since January 1996 and was appointed Lead Director in November 2021.
What happened to Mark T. Mondello?
Mondello did not run for re-election to the Board, and his employment with Jabil and his role as Executive Chairman ended on January 22, 2026. He entered a Consulting Agreement with Jabil the same day to provide advisory and strategic services through January 22, 2028.
What compensation will Mark Mondello receive under the consulting agreement?
Jabil will pay Mondello a monthly consulting fee of $145,833.00 during the Consulting Period, unless he is terminated for Cause. Jabil will also reimburse his reasonable out-of-pocket expenses under its existing procedures.
How is the new director compensation determined?
Edman and Skillern receive compensation consistent with all non-employee directors, as described under 'Non-Management Director Compensation' in Jabil's definitive proxy statement filed December 12, 2025, as adjusted by the Board from time to time.
04—Continue