Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
Election of New Director: On January 27, 2020, the Board of Directors of FedEx
Corporation ("FedEx" or the "Company") elected Rajesh Subramaniam, President and
Chief Operating Officer of the Company, as a director, effective immediately.
The Board does not expect to appoint Mr. Subramaniam as a member of any of its
committees. A copy of FedEx's press release announcing Mr. Subramaniam's
election is attached hereto as Exhibit 99.1 and is incorporated by reference
herein.
Mr. Subramaniam was elected for a term expiring at the annual meeting of
stockholders to be held in September 2020, at which time his continued Board
service will be subject to renomination and stockholder approval. With the
election of Mr. Subramaniam, the size of the Board of Directors is now 13
members.
Certain transactions since the beginning of FedEx's last fiscal year in which
FedEx was a participant and in which Mr. Subramaniam and certain members of his
immediate family have an interest that are required to be reported under Item
404(a) of Regulation S-K are described under "Related Person Transactions" in
FedEx's Definitive Proxy Statement on Schedule 14A filed with the Securities
and Exchange Commission on August 12, 2019.
The selection of Mr. Subramaniam was not pursuant to any arrangement or
understanding between him and any other person. Mr. Subramaniam will receive no
additional compensation for serving as a director.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit
Number Description
99.1 Press Release of FedEx Corporation dated January 27, 2020.
104 Cover Page Interactive Data File (the cover page XBRL tags are
embedded within the Inline XBRL document).
1
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