Recent Updates — FDX
FedEx Corporation's Board of Directors approved an Executive Severance Plan to govern future executive officer separations, replacing Management Retention Agreements. The plan includes lump sum cash payments based on a multiplier (2x for CEO, 1.5x for long-term employees, and 1x for others) of base salary and target bonus, plus prorated bonuses and COBRA premiums. Additionally, the Board established a one-time special cash bonus pool for approximately 1,100 employees to recognize transformation results, including $1 billion in cost savings. FedEx Corporation is a global logistics and transportation company providing delivery and shipping services.
FedEx Corporation changed its fiscal year end from May 31 to December 31, effective June 1, 2026. The company completed a spin-off of its FedEx Freight business into a new, publicly traded company. Additionally, FedEx announced the sale of its FedEx Supply Chain business to CMA CGM Group for $1.4 billion, with expected closure in the second half of 2026. FedEx realigned its management structure and new reportable segments are Express U.S. Domestic and Express International. FedEx is a global logistics and transportation company.
FedEx Corporation announced early results for its cash tender offers to repurchase various series of its outstanding notes, with an offer cap of $4.15 billion. The company expects to accept the full amount of notes from priority levels 1 through 12 and a prorated portion (approximately 41.3%) of the 5.100% Notes due 2044. The purchase will be funded by a $4.1 billion dividend received from the spin-off of FedEx Freight on June 1, 2026, and cash on hand. FedEx operates in the logistics and transportation industry, providing courier, freight, and e-commerce delivery services.
FedEx Corporation announced on June 25, 2026, the commencement of cash tender offers to repurchase up to $4.15 billion in aggregate principal amount of various outstanding notes. The offers include an early tender premium of $30 per $1,000 principal amount for notes tendered by July 9, 2026. Settlement is expected by July 14, 2026, with the offer expiration set for July 24, 2026. The company intends to fund these offers using cash on hand and approximately $4.1 billion received from the June 1, 2026, spin-off of FedEx Freight Holding Company, Inc. FedEx Corporation is a global transportation and logistics company.
FedEx Corporation announced its financial results for the fiscal quarter and year ended May 31, 2026, via a press release dated June 23, 2026. FedEx Corporation is a global logistics and delivery services company.
FedEx Corporation's Board of Directors elected Mark A. Edmunds as a director, effective immediately, and appointed him as Chair of the Audit and Finance Committee. Additionally, Silvia Davila resigned from the Board, effective June 8, 2026.