UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): February 22, 2017
FedEx Corporation
(Exact name of registrant as specified in its charter)
1-15829
(Commission
File Number)
| | |
| Delaware | | 62-1721435 |
(State or other jurisdiction of incorporation) | | (I.R.S. Employer Identification No.) |
| |
942 South Shady Grove Road, Memphis, Tennessee | | 38120 |
| (Address of principal executive offices) | | (ZIP Code) |
Registrant’s telephone number, including area code: (901)818-7500
Check the appropriate box below if the Form8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ☐ | Soliciting material pursuant to Rule14a-12 under the Exchange Act (17 CFR240.14a-12) |
| ☐ | Pre-commencement communications pursuant to Rule14d-2(b) under the Exchange Act (17 CFR240.14d-2(b)) |
| ☐ | Pre-commencement communications pursuant to Rule13e-4(c) under the Exchange Act (17 CFR240.13e-4(c)) |
SECTION 1. REGISTRANT’S BUSINESS AND OPERATIONS.
| Item 1.01. | Entry into a Material Definitive Agreement. |
On April 23, 2013, FedEx Corporation’s wholly owned subsidiary Federal Express Corporation (“FedEx Express”) entered into a seven-year transportation agreement (the “Agreement”) with the United States Postal Service (the “USPS”) under which FedEx Express providesairport-to-airport transportation of USPS Priority Mail Express and Priority Mail within the United States. On February 22, 2017, the parties entered into an amendment to the Agreement whereby the initial renewal period provided in the Agreement was exercised in part and the Agreement’s period of performance was extended through September 29, 2024. The amended Agreement is expected to generate approximately $1.5 billion per year in revenue for FedEx Express over its term, which began on October 1, 2013, and ends on September 29, 2024. A copy of the amended Agreement will be filed as an exhibit to FedEx’s quarterly report on Form 10-Q for the quarter ending February 28, 2017.
Certain statements in this report, including the above statement regarding expected revenues from the amended Agreement, are “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995 with respect to future events and financial performance. These forward-looking statements involve risks and uncertainties. Actual results may differ materially from those contemplated (expressed or implied) by such forward-looking statements, because of, among other things, the risks and uncertainties you can find in our press releases and other SEC filings, including the risk factors identified under the heading “Risk Factors” in “Management’s Discussion and Analysis of Results of Operations and Financial Condition” in our most recent annual report onForm 10-K, as updated by our quarterly reports onForm 10-Q. Any forward-looking statement speaks only as of the date on which it is made. We do not undertake or assume any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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| | | | FedEx Corporation |
| | | |
| Date: February 24, 2017 | | | | By: | | /s/ Christine P. Richards |
| | | | | | Christine P. Richards |
| | | | | | Executive Vice President, |
| | | | | | General Counsel and Secretary |
