SCHEDULE 14A
INFORMATION REQUIRED IN PROXY STATEMENT
SCHEDULE 14A
Proxy Statement Pursuant to Section 14(a) of the
Securities Exchange Act of 1934
Filed by the Registrant þ
Filed by a Party other than the Registrant o
Check the appropriate box:
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o Preliminary Proxy Statement
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o Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) |
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o Definitive Proxy Statement |
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þ Definitive Additional Materials |
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o Soliciting Material Pursuant to §240.14a-12 |
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JABIL CIRCUIT, INC.
(Name of Registrant as Specified in its Charter)
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
Payment of Filing Fee (Check the appropriate box):
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No fee required. |
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Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11. |
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Title of each class of securities to which transaction applies: |
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Aggregate number of securities to which transaction applies: |
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Per unit price or other underlying value of transaction computed
pursuant to Exchange Act Rule 0-11 (set forth the amount on which the
filing fee is calculated and state how it was determined): |
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Proposed maximum aggregate value of transaction: |
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Total fee paid: |
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Fee paid previously with preliminary materials. |
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Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting
fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its
filing. |
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Amount Previously Paid: |
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Form, Schedule or Registration No.: |
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Date Filed: |
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Explanatory
Note: Below is a letter that Jabil Circuit, Inc. sent to Fidelity
Investments on January 12, 2011.
January 12, 2011
Talon Torressen
Fidelity Investments
1 Spartan Way, TS1E
Merrimack, NH 03054
Dear Mr. Torressen:
Thank you for taking the time to speak with us on January 6, 2011 regarding our proposed 2011 Stock
Incentive Plan and the areas that do not meet Fidelitys guidelines. We hope this letter will
satisfy Fidelitys outstanding issues.
We understand that Fidelitys guidelines require that stock plans have written into the plan a
minimum vesting period of 3 years for any time-based stock award and 1 year for any
performance-based stock award. We also understand that under Fidelitys guidelines: 1) there is an
allowance for 5% of the shares available for issuance under the plan to not meet these minimum
vesting periods; and 2) that equity grants to directors may be excluded from these minimum vesting
periods without counting against the 5% allowance. Jabil is willing to inform the Board of
Directors Compensation Committee of Fidelitys guidelines and ask that they consider implementing
these changes to comply with your guidelines. We will make this proposal within the next twelve
months.
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Sincerely,
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/s/ Beth Walters
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Beth Walters |
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Senior Vice President,
Investor Relations & Communications |
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