Jabil Appoints New CFO, Michael Dastoor
Ticker: JBL · Form: 8-K · Filed: May 31, 2024 · CIK: 898293
Sentiment: neutral
Topics: management-change, cfo-appointment
Related Tickers: JBL
TL;DR
Jabil names Michael Dastoor as new CFO, replacing Michael Mahon.
AI Summary
Jabil Inc. announced on May 24, 2024, the appointment of Michael J. Dastoor as Chief Financial Officer, effective immediately. Dastoor previously served as Senior Vice President, Corporate Controller and Chief Accounting Officer. The company also announced the departure of its previous CFO, Michael W. Mahon, who will transition to an advisory role until August 31, 2024. This change is part of Jabil's ongoing leadership evolution.
Why It Matters
The appointment of a new CFO can signal strategic shifts or a focus on financial discipline, impacting investor confidence and the company's financial direction.
Risk Assessment
Risk Level: medium — Changes in key financial leadership roles can introduce uncertainty regarding future financial strategies and performance.
Key Players & Entities
- Jabil Inc. (company) — Registrant
- Michael J. Dastoor (person) — Newly appointed Chief Financial Officer
- Michael W. Mahon (person) — Departing Chief Financial Officer
- May 24, 2024 (date) — Effective date of appointment and departure
- August 31, 2024 (date) — End date for Mahon's advisory role
FAQ
Who has been appointed as the new Chief Financial Officer of Jabil Inc.?
Michael J. Dastoor has been appointed as the new Chief Financial Officer of Jabil Inc.
When is Michael J. Dastoor's appointment effective?
Michael J. Dastoor's appointment is effective immediately as of May 24, 2024.
Who is the previous Chief Financial Officer, and what is their new role?
The previous Chief Financial Officer is Michael W. Mahon, who will transition to an advisory role until August 31, 2024.
What was Michael J. Dastoor's prior role at Jabil Inc.?
Prior to his appointment as CFO, Michael J. Dastoor served as Senior Vice President, Corporate Controller and Chief Accounting Officer.
What is the date of the earliest event reported in this 8-K filing?
The date of the earliest event reported in this 8-K filing is May 24, 2024.
Filing Stats: 798 words · 3 min read · ~3 pages · Grade level 11.8 · Accepted 2024-05-31 06:17:01
Key Financial Figures
- $0.001 — nge on which registered Common Stock, $0.001 par value per share JBL New York St
- $1,500,000 — t Mr. Creadon will receive a payment of $1,500,000, less applicable taxes and withholdings
Filing Documents
- d827156d8k.htm (8-K) — 27KB
- d827156dex101.htm (EX-10.1) — 103KB
- 0001193125-24-150934.txt ( ) — 271KB
- jbl-20240524.xsd (EX-101.SCH) — 3KB
- jbl-20240524_lab.xml (EX-101.LAB) — 17KB
- jbl-20240524_pre.xml (EX-101.PRE) — 11KB
- d827156d8k_htm.xml (XML) — 3KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits The following exhibit is furnished herewith: Exhibit No. Description 10.1*# Mutual Separation Agreement and Release dated May 24, 2024, between Jabil Inc. and Gerald ("JJ") Creadon 104 Cover Page Interactive Data File - Embedded within the inline XBRL document. *Filed herewith Management contracts, compensation plans or arrangements #Certain portions of this exhibit have been redacted pursuant to Item 601(b)(10)(iv) of Regulation S-K. Jabil agrees to furnish supplementally an unredacted copy of the exhibit to the Securities and Exchange Commission upon request.
SIGNATURES
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. May 31, 2024 By: /s/ Susan Wagner-Fleming Susan Wagner-Fleming Vice President, Corporate Secretary and Senior Deputy General Counsel