FDX: Material agreement · Acquisition or asset disposal · Leadership change · Other company developments

Item 1.01 Entry Into a Material Definitive Agreement. On June 1, 2026, FedEx Corporation, a Delaware corporation (“FedEx” or the “Company”) completed its spin-off of FedEx Freight Holding Company, Inc., a Delaware corporation (“FedEx Freight”), into a new, publicly traded company (the “Spin-Off”). FedEx, or subsidiaries thereof, have entered into the following agreements with FedEx Freight, or subsidiaries thereof, in connection with the Spin-Off in order to govern the ongoing relationship between the Company and FedEx Freight after the Spin-Off and to facilitate an orderly transition. Separation and Distribution Agreement On May 28, 2026, the Company and FedEx Freight entered into a Separation and Distribution Agreement (the “Separation and Distribution Agreement”) that sets forth the agreements between FedEx and FedEx Freight regarding the principal actions taken in connection with the Spin-Off, including those related to the series of internal reorganization transactions that FedEx undertook prior to the Spin-Off, pursuant to which FedEx Freight holds, through its subsidiaries, the FedEx Freight business, and the distribution of 80.1% of the issued and outstanding shares of FedEx Freight common stock to FedEx’s stockholders pursuant to the Spin-Off. It also sets forth other agreements that govern certain aspects of the Company’s relationship with FedEx Freight following the Spin-Off. A summary of the Separation and Distribution Agreement can be found in the section entitled “Certain Relationships and Related Person Transactions—Agreements with FedEx—Separation and Distribution Agreement” in FedEx Freight’s Information Statement included as Exhibit 99.1 to the Company’s Current Report on Form 8-K that was filed with the U.S. Securities and Exchange Commission (the “SE