8-KLeadership ChangesCorporate ChangesExhibits & Filings

FEDEX CORP 8-K Report, Executive Changes (Mar 12, 2018)

Filed March 12, 2018For Securities:FDX

Summary

FedEx Corporation (FDX) filed an 8-K report on March 12, 2018, primarily announcing the election of Susan Patricia (Tricia) Griffith as a new independent director to its Board of Directors. Ms. Griffith's appointment, effective immediately, also includes her membership on the Information Technology Oversight and Nominating & Governance Committees. Her addition expands the Board to 13 members. Additionally, the report details amendments to FedEx's Amended and Restated Bylaws to reflect recent changes in Delaware law. These amendments are effective immediately and aim to ensure compliance with evolving legal standards. Investors can look to these changes as part of the company's commitment to maintaining sound corporate governance practices.

Key Highlights

  • 1Appointment of Susan Patricia (Tricia) Griffith as a new independent director to the Board.
  • 2Ms. Griffith joins the Information Technology Oversight and Nominating & Governance Committees.
  • 3The FedEx Board of Directors has expanded to 13 members with Ms. Griffith's election.
  • 4Ms. Griffith is deemed independent under NYSE and FedEx's own stringent standards.
  • 5New director compensation includes a stock option for 1,343 shares and a prorated retainer.
  • 6Amendments to FedEx's Bylaws were approved to align with recent Delaware law changes.
  • 7These bylaw amendments are effective immediately.

Frequently Asked Questions

Susan Patricia (Tricia) Griffith is a new independent director elected to the FedEx Board of Directors. Her appointment is part of the company's corporate governance efforts. She also serves on the Information Technology Oversight and Nominating & Governance Committees.

Ms. Griffith's election increases the size of the FedEx Board of Directors to 13 members. She has been determined to be independent, meeting both New York Stock Exchange and FedEx's stricter independence requirements.

Yes, FedEx's Board of Directors approved amendments to its Amended and Restated Bylaws to reflect recent changes in Delaware law. These amendments are effective immediately.

Ms. Griffith will receive compensation consistent with the company's program for non-management directors. This includes a stock option for 1,343 shares of FedEx common stock and a prorated annual retainer payment.