secwatch.observer — SEC 8-K summary
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Issuer:     FEDEX CORP (FDX)
CIK:        0001048911
Form:       8-K/A
Filed at:   2022-06-17T23:59:59+00:00
Accession:  0001193125-22-176522
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1048911/000119312522176522/0001193125-22-176522-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1048911/000119312522176522/d250548d8ka.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-176522

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