01—Abstract
Summary
Summary of the 8-K/A filed August 12, 2025. Cited figures are marked; the original filing is the authoritative source.
FedEx Corporation (FDX) has filed an 8-K/A amendment to report on the separation of Sriram Krishnasamy, formerly Executive Vice President — Chief Digital and Information Officer and Chief Transformation Officer.
The departure was mutually agreed upon following the successful completion of key initiatives, including achieving the $4 billiona DRIVE structural cost reduction target and establishing foundations for digital transformation with FedEx Dataworks. Mr. Krishnasamy will serve as an Executive Advisor to assist with the transition until his final day on October 31, 2025, or an earlier mutually agreed date. In connection with his separation, Mr. Krishnasamy will receive a cash payment of $3,272,711, representing 24 months of base pay plus 150% of his fiscal 2025 annual incentive target.
His base salary will continue through the separation date. Importantly, he will not receive future incentive plan payments but will benefit from accelerated vesting of his outstanding equity awards. The agreement includes standard provisions such as confidentiality, non-compete, non-solicitation, and mutual non-disparagement, and any breach by Mr. Krishnasamy could lead to repayment obligations.
02—Key points
Key Highlights
- Sriram Krishnasamy, EVP and Chief Digital and Information Officer, is departing FedEx.
- The departure is amicable, following the successful completion of key strategic initiatives like the $4 billion DRIVE cost reduction target.
- Mr. Krishnasamy will transition through an Executive Advisor role until October 31, 2025.
- A separation payment of $3,272,711 will be made to Mr. Krishnasamy.
- This payment is equivalent to 24 months of base pay plus 150% of his fiscal 2025 annual incentive target.
- Future annual and long-term incentive payments are forfeited, but outstanding equity awards will vest accelerated.
- The separation agreement includes non-compete, non-solicitation, and mutual non-disparagement clauses.
03—Questions
Frequently Asked Questions
Why is Sriram Krishnasamy leaving FedEx?
The departure was mutually agreed upon following the successful completion of several key initiatives, including the achievement of FedEx's $4 billion DRIVE structural cost reduction target and the establishment of foundations for the company's digital transformation.
What financial compensation will Mr. Krishnasamy receive upon departure?
Mr. Krishnasamy will receive a cash payment of $3,272,711, which is equal to 24 months of his base pay plus 150% of his fiscal 2025 annual incentive plan target. He will also receive his base salary through the separation date, and his outstanding equity awards will vest accelerated.
Will Mr. Krishnasamy be eligible for future incentive payments?
No, Mr. Krishnasamy will not be eligible to receive any future annual incentive plan or long-term incentive plan payments, prorated or otherwise.
What are the obligations for Mr. Krishnasamy post-departure?
The separation agreement includes confidentiality provisions, non-compete and non-solicitation clauses for a period following his separation date. He also agreed to a mutual non-disparagement agreement.
04—Continue