Financial Data and Key Metrics Changes - FedEx achieved structural cost reduction targets of $1.8 billion in FY24 and $2.2 billion in FY25, reaching an overall target of $4 billion over the FY23 base [14] - The company returned approximately $4.3 billion back to stockholders in FY25 [14] Business Line Data and Key Metrics Changes - FY25 marked the first year operating as One FedEx, indicating a unified approach across the organization [14] Market Data and Key Metrics Changes - No specific market data or key metrics changes were provided in the meeting Company Strategy and Development Direction and Industry Competition - FedEx is focused on vehicle electrification, sustainable energy for facilities, and sustainable aviation fuel for aircraft to achieve carbon neutrality [18] - The company is committed to supporting the low-carbon transition of the broader transportation and logistics industry [18] Management's Comments on Operating Environment and Future Outlook - The CEO expressed pride in the team's response to a rapidly evolving market and emphasized the commitment to exceeding customer expectations and expanding into new markets [14] - The legacy of the company's founder was highlighted, emphasizing the long-term vision and commitment to excellence [13] Other Important Information - FedEx secured over 3 million gallons of blended sustainable aviation fuel, marking the largest SAF purchase executed by a U.S. cargo airline at LAX as of May 2025 [18] Q&A Session Summary Question: What has been done to improve emission reduction of FedEx aircraft since the 2024 annual meeting? - FedEx is implementing comprehensive long-term actions and interim goals for carbon neutrality, focusing on vehicle electrification, sustainable energy, and sustainable aviation fuel [18] Question: What new aircraft will FedEx take delivery of between now and the 2026 annual meeting? - Information regarding planned future aircraft deliveries can be found in the stat book on the Investor Relations website [19]

Financial Data and Key Metrics Changes - The stock price has declined significantly from $108 in 2021 to $54 currently, indicating a serious drop in market valuation [15]. Business Line Data and Key Metrics Changes - No specific data on business line performance was provided in the meeting. Market Data and Key Metrics Changes - No specific market data or metrics were discussed during the meeting. Company Strategy and Development Direction and Industry Competition - The company is considering a proposal to separate the roles of chairman and CEO, which reflects a focus on governance and potentially improving oversight in response to shareholder concerns [14][15]. Management's Comments on Operating Environment and Future Outlook - Management did not provide specific comments on the operating environment or future outlook during the meeting. Other Important Information - All nominees for director were elected, and proposals regarding executive compensation, auditor selection, and amendments to the incentive award plan were approved [34]. Q&A Session All Questions and Answers Question: Proposal for Independent Board Chairman - A shareholder proposed that the board adopt a policy to separate the roles of chairman and CEO, emphasizing the need for independent oversight due to the decline in stock price [14][15]. Question: Discussion on Proposals - There was no discussion on the proposals presented during the meeting, indicating a lack of shareholder engagement on these topics [19][21][25][30].