---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-221471"
form_type: "8-K"
ticker: "JBL"
cik: "0000898293"
company_name: "JABIL INC"
filed_at: "2023-08-25T23:59:59+00:00"
generated_at: "2026-06-11T03:49:27.974043+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Jabil EVP Borges to retire Dec 31, 2023; garden leave until Dec 2024; $1.1M severance

## Summary
- Steven Borges, EVP & CEO of Diversified Manufacturing Services, retires effective Dec 31, 2023, separating Dec 31, 2024.
- Severance of $1,100,000 payable in four quarterly installments beginning after the Separation Date.
- He will receive FY2024 STI bonus at greater of target or actual performance, paid in normal course.
- Jabil subsidizes COBRA medical coverage for 18 months and provides outplacement services.
- Two-year non-compete, non-solicitation, and non-disparagement obligations apply post-separation.

## SEC filing metadata
- accession: 0001193125-23-221471
- form_type: 8-K
- ticker: JBL
- cik: 0000898293
- company_name: JABIL INC
- filed_at: 2023-08-25T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/898293/000119312523221471/0001193125-23-221471-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/898293/000119312523221471/d489985d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-221471
- JSON: https://secwatch.observer/filing/0001193125-23-221471.json
- Plain text: https://secwatch.observer/filing/0001193125-23-221471.txt

## Key facts
- Executive change
  Steven Borges retired as Executive Vice President and CEO, Diversified Manufacturing Services at JABIL INC.
  - Action: retired
  - Role: Executive Vice President and CEO, Diversified Manufacturing Services
  source text: In connection with the retirement of Mr. Steven Borges, Executive Vice President and CEO, Diversified Manufacturing Services, effective December 31, 2023, Mr. Borges entered into a Mutual Separation Agreement and Release dated August 21, 2023 (the “Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/898293/000119312523221471/0001193125-23-221471-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.