On August 8, 2022, FedEx Corporation announced that it has received a shareholder proposal from International Brotherhood of Teamsters General Fund, asking the Company to request the preparation of a report disclosing 1) Company policy and procedures governing lobbying, both direct and indirect, and grassroots lobbying communications; 2) payments by Company used for (a) direct or indirect lobbying or (b) grassroots lobbying communications, in each case including the amount of the payment and the recipient; 3) Company's membership in and payments to any tax-exempt organization that writes and endorses model legislation; and 4) description of management's, and the board's decision-making process and oversight for making payments described in section 2 and 3 above. In addition, the Company urged the shareholders to vote against the shareholder proposal at the annual meeting of shareholders scheduled to be held on September 19, 2022.