FedEx Corp. Reports Annual Shareowner Meeting Results

MEMPHIS, Tenn. - (Business Wire) FedEx Corp. (NYSE: FDX) announced that at today’s annual meeting, FedEx shareowners:

• Reelected all twelve director nominees, each for a one-year term: Frederick W. Smith, James L. Barksdale, August A. Busch IV, John A. Edwardson, Judith L. Estrin, J.R. Hyde, III, Shirley A. Jackson, Steven R. Loranger, Gary W. Loveman, Joshua I. Smith, Paul S. Walsh and Peter S. Willmott.
• Approved the adoption of an amendment to FedEx’s incentive stock plan to increase the number of option shares and restricted shares issuable under the plan.
• Ratified the appointment of Ernst & Young LLP as FedEx’s independent auditors for fiscal 2009.
• Did not approve either of the two stockholder proposals:
  • A proposal requesting that FedEx adopt a policy that the Chairman of the Board be an independent director who has not previously served as an executive officer of FedEx.
  • A proposal requesting that shareowners be given the opportunity at each annual meeting to vote on a non-binding resolution to ratify the compensation of FedEx’s named executive officers.

Corporate Overview

FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenues of $39 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 290,000 employees and contractors 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.

FedEx Corp.
Media Contact:
Jess Bunn 901-818-7463
or
Investor Contact:
Mickey Foster 901-818-7468
Home Page: fedex.com