Business Context and Reporting Period
This Form 8-K Current Report was filed by FedEx Corporation on April 13, 2026. The filing addresses Item 5.02 regarding the departure of a senior officer and the appointment of an interim successor.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance and executive compensation changes.
Material Changes
- Executive Departure: John W. Dietrich will step down as Executive Vice President and Chief Financial Officer on June 1, 2026, and depart the company on July 31, 2026.
- Reason for Departure: The departure is not the result of any disagreement regarding financial controls, statements, operations, or policies.
- Interim Appointment: Claude F. Russ, currently Enterprise Vice President, Finance, has been appointed Interim Chief Financial Officer, effective June 1, 2026.
Guidance, Outlook, and Compensation
The company will conduct a comprehensive internal and external search for a permanent CFO successor. In connection with the interim appointment, Mr. Russ will receive additional compensation commensurate with his duties:
- A cash payment of $25,000 per month for each month served as Interim CFO.
- A one-time special award of restricted stock units valued at $50,000, vesting ratably over three years subject to continued service.
A separation and release agreement regarding Mr. Dietrich's compensation is expected to be filed in an amendment to this Form 8-K within four business days of determination.
Investor Verification Checklist
- Verify the terms of the separation agreement for John W. Dietrich once filed in the upcoming 8-K amendment.
- Monitor the timeline for the permanent CFO search and appointment.
- Review the vesting schedule and conditions for the $50,000 restricted stock unit award granted to Claude F. Russ.