This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

FedEx Corp. Reports Annual Shareowner Meeting Results

Shareowners of FedEx Corp. (NYSE: FDX) today reelected all 11 director nominees to the corporation’s Board of Directors, each for a one-year term: Frederick W. Smith, James L. Barksdale, John A. Edwardson, Shirley Ann Jackson, Steven R. Loranger, Gary W. Loveman, R. Brad Martin, Joshua Cooper Ramo, Susan C. Schwab, David P. Steiner and Paul S. Walsh.

After 24 years of distinguished service to FedEx, Joshua I. Smith retired from the Board today as required by FedEx’s mandatory retirement age limit. “Josh has been incredibly valuable to the growth and development of FedEx over the years, and he will be greatly missed. We thank him for his many contributions and long tenure as a director,” said Frederick W. Smith, chairman, president and chief executive officer of FedEx Corp.

The shareowners took the following other actions at the annual meeting:

  • Approved, on an advisory basis, the compensation of FedEx’s named executive officers.
  • Approved the adoption of an amendment to FedEx’s 2010 Omnibus Stock Incentive Plan to increase the number of shares issuable under the plan.
  • Ratified the appointment of Ernst & Young LLP as FedEx’s independent auditors for fiscal year 2014.
  • Did not approve any of the stockholder proposals:
    • A proposal requesting the adoption of a policy that the Chairman of the Board be an independent director.
    • A proposal requesting an amendment to FedEx’s governing documents to allow stockholders to nominate candidates for Board membership and have those nominees included in FedEx’s proxy statement.
    • A proposal requesting the adoption of a policy that in the event of a change in control of FedEx, there not be any acceleration of vesting of equity awards granted to senior executives.
    • A proposal requesting the adoption of a policy that FedEx’s equity compensation plans prohibit directors and senior officers who are compensated under those plans from engaging in hedging or pledging transactions involving FedEx shares issued under those plans.
    • A proposal requesting that FedEx publish a report, updated semi-annually, disclosing information about the corporation’s political contributions.
    • A proposal requesting the implementation of a policy to ensure consistent incorporation of FedEx’s corporate values into all FedEx political contribution decisions.
    • A proposal requesting an amendment to FedEx’s governing documents to provide that all matters presented to stockholders be decided by a simple majority of the shares voted “for” or “against” an item.
    • A proposal raised from the floor of the annual meeting requesting that the Board of Directors review FedEx’s sponsorship of FedExField, including the impact of ending the relationship, as part of a broader review of FedEx’s involvement in any actions or business relationships that may defame or discriminate against people on the basis of gender, race, ethnicity, nation, religion or culture.

Corporate Overview

FedEx Corp. (NYSE: FDX) provides customers worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenues of $45 billion, the company offers integrated business applications through operating companies competing collectively and managed collaboratively, under the respected FedEx brand. Consistently ranked among the world’s most admired and trusted employers, FedEx inspires its more than 300,000 team members to remain “absolutely, positively” focused on safety, the highest ethical and professional standards and the needs of their customers and communities. For more information, visit news.fedex.com.

Copyright Business Wire 2010

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,880.36 -31.75 -0.19%
S&P 500 1,970.07 +0.12 0.01%
NASDAQ 4,462.9020 +20.2040 0.45%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs