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FedEx Corp. Board of Directors to Propose Charter Amendment to Give Shareowners Right to Call Special Meetings

Dépèche transmise le 15 mars 2011 par Business Wire

FedEx Corp. Board of Directors to Propose Charter Amendment to Give Shareowners Right to Call Special Meetings

FedEx Corp. Board of Directors to Propose Charter Amendment to Give Shareowners Right to Call Special Meetings

MEMPHIS, Tenn.--(BUSINESS WIRE)--The Board of Directors of FedEx Corporation (NYSE: FDX) will submit to shareowners a proposal to amend FedEx’s certificate of incorporation to allow holders of 20 percent or more of FedEx’s common stock to call a special meeting of shareowners, subject to certain customary conditions. Currently, only the board of directors may call a special meeting.

“Offering the right to call special meetings will complement our existing corporate governance policies and strengthen the rights of our shareowners.”

“In recent years, the Board has taken significant steps to enhance its accountability to FedEx shareowners,” said Frederick W. Smith, chairman, president and chief executive officer of FedEx Corp. “Offering the right to call special meetings will complement our existing corporate governance policies and strengthen the rights of our shareowners.”

Shareowners will vote on the proposed special meeting right at FedEx’s next annual meeting in September 2011. A full description of the proposal will be contained in FedEx’s proxy statement for the annual meeting.

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 $37 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 285,000 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.

Business Wire

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