UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
(Amendment No. 1)
CURRENT REPORT
Pursuant to Section 13 OR 15(d)
of The Securities Exchange Act of 1934
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EXPLANATORY NOTE
On September 26, 2024, Jabil Inc. (the “Company”) filed a Current Report on Form 8-K (the “Original 8-K”) disclosing the approval on September 24, 2024, by the Company’s Board of Directors of a restructuring plan to align our support infrastructure to further optimize organizational effectiveness. This action includes headcount reductions across our Selling, General and Administrative and manufacturing cost base and capacity realignment (the “2025 Restructuring Plan”). At the time of the filing of the Original 8-K, the Company was unable to make a good faith estimate or range of estimates for each major type of cost associated with the 2025 Restructuring Plan. This Amendment to Current Report on Form 8-K/A amends the Original 8-K to include estimates for the major types of costs. Except as described below, all other information in the Original 8-K remains unchanged and this Form 8-K/A should be read in conjunction with the Original 8-K.
| Item 2.05 | Costs Associated with Exit or Disposal Activities. |
The Company expects the total amount of pre-tax restructuring and other related costs to be approximately $200 million, including the following estimated items:
| • | $60 million to $70 million 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 costs and other related costs. |
The Company continues to expect to incur these costs over the course of the Company’s fiscal year 2025.
The 2025 Restructuring Plan as discussed reflects the Company’s intention only. The exact timing of these charges and cash outflows has not been finalized. Timing and cost may be affected by a variety of factors, including the finalization of timetables for the transition of functions, consultations with employees and their representatives, as well as the impact of jurisdictional statutory severance. The Company’s estimates for the charges discussed above exclude any potential income tax effects.
This Current Report on Form 8-K/A contains forward-looking statements, including those relating to our expectations regarding costs and charges. These statements are based on current expectations, forecasts and assumptions involving risks and uncertainties that could cause actual outcomes and results to differ materially from our current expectations. Such factors include current economic and other conditions in the global marketplace, risks related to implementation of the 2025 Restructuring Plan, and the other factors described in the Company’s Annual Report on Form 10-K for the fiscal year ended August 31, 2024. We assume no obligation to update these forward-looking statements.
To the extent required by applicable rules, the Company will continue to file amendments to the Original 8-K as details of the 2025 Restructuring Plan are refined and estimates of related costs and charges are finalized.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| JABIL INC. | ||||||
| (Registrant) | ||||||
| June 20, 2025 | By: | /s/ GREGORY HEBARD | ||||
| Gregory Hebard | ||||||
| Chief Financial Officer | ||||||