Item 1.01. Entry into a Material Definitive Agreement

On June 22, 2021, FedEx Corporation's ("FedEx") wholly owned subsidiary Federal Express Corporation ("FedEx Express") and The Boeing Company ("Boeing") entered into Supplemental Agreement No. 16 (and related side letters) ( "Supplemental Agreement No. 16") to Purchase Agreement No. 3712 dated as of December 14, 2011, between Boeing and FedEx Express related to Boeing 767-300 Freighter ("B767F") aircraft.

In Supplemental Agreement No. 16, FedEx Express agreed to purchase 20 B767F aircraft by exercising 20 options. Two (2) of the additional B767F aircraft purchases are conditioned upon there being no event that causes FedEx Express or its employees not to be covered by the Railway Labor Act of 1926, as amended ("RLA"). Ten of the additional B767F aircraft will be delivered in fiscal 2024 and ten will be delivered in fiscal 2025. These aircraft will enable FedEx Express to continue to improve the efficiency and reliability of its aircraft fleet.

FedEx Express now has a total of 48 firm orders from Boeing for B767F aircraft scheduled for delivery during fiscal 2022 through fiscal 2025. Two (2) of the B767F orders are conditioned upon there being no event that causes FedEx Express or its employees not to be covered by the RLA. FedEx Express also has options to purchase an additional 50 B767F aircraft.

Supplemental Agreement No. 16 will be filed as an exhibit to FedEx's quarterly report on Form 10-Q for the fiscal quarter ending August 31, 2021.

Certain statements in this Item 1.01 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 described in our press releases and filings with the Securities and Exchange Commission.

Item 2.02. Results of Operations and Financial Condition.

Attached as Exhibit 99.1 and incorporated herein by reference is a copy of FedEx's press release, dated June 24, 2021, announcing its financial results for the fiscal quarter and year ended May 31, 2021.

The information in this Item 2.02 and Exhibit 99.1 are being furnished pursuant to Item 2.02 of Form 8-K and General Instruction B.2 thereunder. Such information shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended.

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On June 21, 2021, following his confirmation by the U.S. Senate to serve as the United States National Cyber Director on June 17, 2021, John C. "Chris" Inglis notified FedEx that he was resigning, effective June 21, 2021, from the FedEx Board of Directors.













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Item 9.01. Financial Statements and Exhibits.



  (d) Exhibits.




Exhibit
Number                                  Description

 99.1            Press Release of FedEx Corporation dated June 24, 2021.

  104     Cover Page Interactive Data File (the cover page XBRL tags are embedded
                             within the Inline XBRL document).

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