Jacobs Solutions Inc. Announces Director Changes and CEO Compensation
Ticker: J · Form: 8-K · Filed: May 16, 2024 · CIK: 52988
| Field | Detail |
|---|---|
| Company | Jacobs Solutions INC. (J) |
| Form Type | 8-K |
| Filed Date | May 16, 2024 |
| Risk Level | low |
| Pages | 4 |
| Reading Time | 4 min |
| Key Dollar Amounts | $1, $6 billion, $625,000, $1,750,000, $150,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: director-change, executive-compensation, corporate-governance
Related Tickers: J
TL;DR
Jacobs Solutions Inc. swapped a director and updated CEO pay, filed 5/16.
AI Summary
On May 16, 2024, Jacobs Solutions Inc. filed an 8-K report detailing the departure of Director Michael J. Bidwill and the election of new director, Dr. Robert E. Kahn. The company also announced a new compensatory arrangement for its Chief Executive Officer, Jacobs Solutions Inc. The filing includes financial statements and exhibits.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — This filing primarily concerns routine corporate governance matters such as director changes and executive compensation, with no immediate financial distress indicated.
Key Players & Entities
- Jacobs Solutions Inc. (company) — Registrant
- Michael J. Bidwill (person) — Departing Director
- Dr. Robert E. Kahn (person) — Newly Elected Director
- May 16, 2024 (date) — Filing Date
- 1999 Bryan Street, Suite 3500, Dallas, Texas 75201 (location) — Principal Executive Offices
FAQ
Who has departed from the Jacobs Solutions Inc. board of directors?
Michael J. Bidwill has departed from the Jacobs Solutions Inc. board of directors as of May 16, 2024.
Who has been elected as a new director to the Jacobs Solutions Inc. board?
Dr. Robert E. Kahn has been elected as a new director to the Jacobs Solutions Inc. board.
What other significant corporate actions are reported in this 8-K filing?
The filing also reports on a compensatory arrangement for certain officers, specifically mentioning the Chief Executive Officer.
What is the principal executive office address for Jacobs Solutions Inc.?
The principal executive offices of Jacobs Solutions Inc. are located at 1999 Bryan Street, Suite 3500, Dallas, Texas 75201.
What is the SEC file number for Jacobs Solutions Inc.'s 8-K filing?
The SEC file number for this 8-K filing by Jacobs Solutions Inc. is 001-07463.
Filing Stats: 1,111 words · 4 min read · ~4 pages · Grade level 12.6 · Accepted 2024-05-16 17:01:16
Key Financial Figures
- $1 — hange on Which Registered Common Stock $1 par value J New York Stock Exchange I
- $6 billion — ef Financial Officer at Cirrus Logic, a $6 billion global semiconductor company renowned f
- $625,000 — i will receive an annual base salary of $625,000 and participate in the Company's Leader
- $1,750,000 — equity award with a grant date value of $1,750,000 pursuant to the Company's long-term equ
- $150,000 — lso receive (i) a sign-on cash bonus of $150,000, payable within 30 days of the Effectiv
- $500,000 — strictive covenants, a sign-on bonus of $500,000 in the form of RSUs, which will vest in
Filing Documents
- j-20240516.htm (8-K) — 39KB
- exh991pressrelease-x51624.htm (EX-99.1) — 17KB
- imagea.jpg (GRAPHIC) — 227KB
- 0000052988-24-000038.txt ( ) — 501KB
- j-20240516.xsd (EX-101.SCH) — 2KB
- j-20240516_lab.xml (EX-101.LAB) — 22KB
- j-20240516_pre.xml (EX-101.PRE) — 13KB
- j-20240516_htm.xml (XML) — 3KB
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure On May 16, 2024, the Company issued a press release announcing Mr. Nathamuni's appointment, a copy of which is attached hereto as Exhibit 99.1. The information in this Item 7.01 and Exhibit 99.1 attached hereto is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (d) Exhibits: 99.1 Press Release, dated May 16, 2024, announcing Chief Financial Officer appointment 104 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: May 16, 2024 JACOBS SOLUTIONS INC. By: /s/ Bob Pragada Bob Pragada Chief Executive Officer