FDX: Leadership change

Item 5.02. Departure of Directors or Certain Officers; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On May 14, 2026, Guy M. Erwin II, Corporate Vice President and Chief Accounting Officer of FedEx Corporation (“FedEx” or the “Company”), informed the Company that he is resigning, effective May 31, 2026, to join FedEx Freight Holding Company, Inc. as Senior Vice President – Chief Accounting Officer. Mr. Erwin will continue to serve in his current role with the Company until May 31, 2026. Mr. Erwin’s resignation is not the result of any disagreement with the Company with respect to any matter relating to the Company’s financial controls, financial statements, operations, policies, or practices. The Board of Directors of FedEx has appointed Claude F. Russ, who currently serves as the Company’s Enterprise Vice President, Finance and was recently named to serve as the Company’s Interim Chief Financial Officer effective June 1, 2026, to serve as the Company’s Interim Chief Accounting Officer, effective June 1, 2026, until the appointment of Mr. Erwin’s permanent successor. Mr. Russ, age 50, has served as Enterprise Vice President, Finance, of FedEx since June 2024. He previously served as Corporate Vice President, Finance and Transformation, of FedEx from June 2023 through June 2024. From January 2021 through June 2023, he held various senior leadership positions at FedEx Dataworks, including Chief Operating Officer and Senior Vice President, Revenue Management. From 2002 to 2020, Mr. Russ held various positions with increasing responsibility across FedEx, Federal Express Corporation, FedEx Services, and FedEx Freight, including serving as Senior Vice President and Chief Financial Officer of FedEx Freight. There is no family relationship betw