secwatch.observer — SEC 8-K summary
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Issuer:     FEDEX CORP (FDX)
CIK:        0001048911
Form:       8-K/A
Filed at:   2025-08-12T23:59:59+00:00
Accession:  0001193125-25-178556
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FedEx EVP Chief Digital Officer Krishnasamy departs; separation deal includes $3.27M cash
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- Krishnasamy stepped down as EVP Chief Digital and Information Officer effective July 17, 2025; will serve as Executive Advisor until Oct 31, 2025.
- Separation cash payment of $3,272,711 (24 months base pay + 150% of FY2025 AIP target) to be paid on or before Sept 30, 2025.
- Unvested equity awards (stock options and restricted stock) accelerated to vest on separation date; no future annual or long-term incentive payments.
- Agreement includes 2-year non-compete covering UPS, DHL, USPS, Amazon; non-solicitation of employees and customers.
- Company states Krishnasamy successfully delivered $4B DRIVE structural cost reduction target and led FedEx Dataworks digital transformation.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1048911/000119312525178556/0001193125-25-178556-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1048911/000119312525178556/d94109d8ka.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-178556

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