FedEx (FDX) AGM 2024 summary

Opening remarks and agenda

• Executive Chairman welcomed stockholders, introduced board members, and outlined the agenda and meeting guidelines.

• The meeting was called to order, and confirmation of notice and quorum was provided.

Board and executive committee updates

• Mark Allen, General Counsel and Secretary, was recognized for his upcoming retirement after 42 years of service.

• The board will consist of 14 members, including five new independent directors in the last five years.

Financial performance review

• Achieved year-over-year operating profit growth and margin expansion in all four quarters despite challenging demand.

• Lowered capital intensity, improved return on invested capital, and returned nearly $4 billion to stockholders via dividends and buybacks.