Jabil Inc.'s Board of Directors approved and adopted Amended and Restated Bylaws, which became effective on October 17, 2024. A key revision in the updated bylaws is the reduction of the ownership threshold required for stockholders to call a special meeting.
Previously, a majority of shares entitled to vote was necessary to call such a meeting. The new bylaws now require shares representing at least twenty-five percent of the voting power of the stock entitled to vote on the matter.
This amendment clarifies and updates related procedural mechanics, enhancing shareholder engagement and influence over corporate governance. The change is generally viewed as a positive step towards increased transparency and accountability to investors.
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