JBLJabil
Deals with insiders in the proxy filed 2025-12-12
Deals between JBL and its directors, executives, owners of more than 5% or their families: a relative on the payroll, a plane the company charters from its CEO, a director's company that buys from it. SEC rules (Item 404) make the company list every such deal over $120,000 in its proxy statement.
New this year
Paragraphs about a deal, a person or a relative with nothing like them in the proxy filed 2024-12-12.
Related Party Transactions Policy“To the extent our directors or their immediate family members are affiliated with third party companies, Jabil also evaluates business transactions with those companies. Such transactions are deemed immaterial and not related party transactions to the extent (i) they are made in the ordinary course of business, (ii) they are arms-length, (iii) aggregate sales for the fiscal year to or from the director-affiliated company do not exceed the greater of $1 million or 2% of the affiliated company’s annual revenues and (iv) they do not otherwise result in a material interest for the related party.”
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Certain Related Party Transactions“In April 2025, director James Siminoff returned to Amazon.com, Inc. (“Amazon”) as Vice President of Product, overseeing the home security business, among other things. During fiscal year 2025, Jabil provided manufacturing services to Amazon’s home security business with related revenues of less than $20 million. These related party transactions were made in the ordinary course of business prior to Mr. Siminoff’s return to Amazon and were not material.”
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The whole section
5 paragraphs quoted as filed
Related Party Transactions Policy“Our Board of Directors has adopted a written policy governing the approval of related party transactions. “Related Party Transactions” are transactions in which Jabil is a participant, the amount involved exceeds $120,000 and a “Related Party” had, has or will have a direct or indirect material interest. “Related Parties” are Jabil’s directors (including any nominees for election as directors), its executive officers, any stockholder who beneficially owns more than 5% of Jabil’s outstanding common stock, any immediate family member of any of the foregoing persons and any firm, corporation, charitable organization or other entity in which any of the persons listed above is an officer, general partner or principal or in a similar position or in which the person has a beneficial ownership interest of 10% or more. Under the Related Party Transactions Policy, Jabil’s General Counsel (or its Chief Executive Officer if the related party is the General Counsel or an immediate family member of the General Counsel) will review potential Related Party Transactions to determine if they are subject to the Policy. If so, the transaction will be referred to the Audit Committee for approval or ratification. If, however, the General Counsel determines that it is not practical to wait until the next Audit Committee meeting, the Audit Committee Chair shall have the authority to act on behalf of the Audit Committee in approving or ratifying a Related Party Transaction (unless the Audit Committee Chair is a Related Party in the Related Party Transaction). In determining whether to approve a Related Party Transaction, the Audit Committee (or, as applicable, the Audit Committee Chair) will consider, among other things, the benefits of the transaction to Jabil, the potential effect of entering into the transaction on a director’s independence, the availability of other sources for the products or services, the terms of the transaction and the terms available to unrelated third parties generally. Any member of the Audit Committee who has an interest in the transaction under discussion will abstain from voting on the approval of the Related Party Transaction. The Audit Committee has authority to administer the Related Party Transactions Policy and to amend it as appropriate.”
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Related Party Transactions Policy“To the extent our directors or their immediate family members are affiliated with third party companies, Jabil also evaluates business transactions with those companies. Such transactions are deemed immaterial and not related party transactions to the extent (i) they are made in the ordinary course of business, (ii) they are arms-length, (iii) aggregate sales for the fiscal year to or from the director-affiliated company do not exceed the greater of $1 million or 2% of the affiliated company’s annual revenues and (iv) they do not otherwise result in a material interest for the related party.”
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Certain Related Party Transactions“In April 2025, director James Siminoff returned to Amazon.com, Inc. (“Amazon”) as Vice President of Product, overseeing the home security business, among other things. During fiscal year 2025, Jabil provided manufacturing services to Amazon’s home security business with related revenues of less than $20 million. These related party transactions were made in the ordinary course of business prior to Mr. Siminoff’s return to Amazon and were not material.”
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Certain Related Party Transactions“Additionally, one current executive officer has an immediate family member employed by Jabil whose compensation for fiscal year 2025 exceeded $120,000.”
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Certain Related Party Transactions“Bradley McCoy, brother of Frederic McCoy, who is an executive officer of Jabil, is a Business Unit Director whose total compensation for fiscal year 2025 was $296,515.”
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Paragraphs are compared by their words, not read by AI: one counts as new when no paragraph last year shares half of its words, or when it names a person or company last year's section did not. A deal reported again with a new amount is not new. Always check the filing. Open the proxy ↗ · Last year's proxy ↗