secwatch.observer — SEC 8-K summary
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Issuer:     JABIL INC (JBL)
CIK:        0000898293
Form:       8-K
Filed at:   2023-08-25T23:59:59+00:00
Accession:  0001193125-23-221471
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/898293/000119312523221471/0001193125-23-221471-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/898293/000119312523221471/d489985d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-221471

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