---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-176522"
form_type: "8-K/A"
ticker: "FDX"
cik: "0001048911"
company_name: "FEDEX CORP"
filed_at: "2022-06-17T23:59:59+00:00"
generated_at: "2026-06-25T00:43:44.405291+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# FedEx CEO transition compensation: Smith salary cut to $910k, Subramanian raised to $1.3M

## Summary
- Fred Smith's annual base salary reduced to $910,000 as Executive Chairman; he no longer participates in AIC plans.
- Raj Subramaniam's base salary set at $1,300,000 with a $250,000 promotional bonus (split June 2022 and 2023).
- Subramaniam's FY23 AIC target increased to 165% of base salary; LTI opportunities increased for new CEO role.
- Both executives' existing LTI plans prorated for FY23 and FY24 to reflect role changes; FY23-FY25 plans fully reflect new targets.
- Changes approved by independent board members on June 13, 2022, effective June 1, 2022.

## SEC filing metadata
- accession: 0001193125-22-176522
- form_type: 8-K/A
- ticker: FDX
- cik: 0001048911
- company_name: FEDEX CORP
- filed_at: 2022-06-17T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1048911/000119312522176522/0001193125-22-176522-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1048911/000119312522176522/d250548d8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-176522
- JSON: https://secwatch.observer/filing/0001193125-22-176522.json
- Plain text: https://secwatch.observer/filing/0001193125-22-176522.txt

## Key facts
- Executive change
  Frederick W. Smith was appointed as Executive Chairman and Chairman of the Board at FEDEX CORP.
  - Action: appointed
  - Role: Executive Chairman and Chairman of the Board
  source text: On March 25, 2022, FedEx announced that Frederick W. Smith, Chairman of the Board and Chief Executive Officer of FedEx, would step down from his position as Chief Executive Officer effective May 31, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1048911/000119312522176522/0001193125-22-176522-index.htm
- Executive change
  Rajesh Subramaniam was appointed as President and Chief Executive Officer at FEDEX CORP.
  - Action: appointed
  - Role: President and Chief Executive Officer
  source text: Rajesh Subramaniam, who previously served as President and Chief Operating Officer of FedEx, was appointed President and Chief Executive Officer of FedEx effective June 1, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1048911/000119312522176522/0001193125-22-176522-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.