Short answer
FedEx (FDX) filed an 8-K current report with the SEC on July 24, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers). New Executive Severance Plan replaces Management Retention Agreements for all future executive separations.
FedEx 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- New Executive Severance Plan replaces Management Retention Agreements for all future executive separations
- CEO severance multiplier 2x salary plus target bonus; other executives receive 1x or 1.5x based on tenure
- Change-of-control qualifying terminations within 24 months receive a 2x multiplier for all executives
- CEO retirement support capped at $250,000 annually and $750,000 aggregate for three years
- July 2026 special bonuses: Rajesh Subramaniam $1,900,000 and Brie A. Carere $850,000 among approximately 1,100 eligible employees
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