Summary by Futu AI
FedEx Corporation shareholder John Chevedden, who has held shares since 2008, has submitted a voluntary proposal urging fellow shareholders to vote for Proposal 7, which seeks to give shareholders an advisory vote on bylaw amendments made by the company's board. The proposal aims to provide a formal channel for shareholder input after the board adopts amendments to the bylaws. FedEx opposes the proposal, citing several reasons, some of which Chevedden argues actually support the need for the proposal. Chevedden emphasizes the importance of this proposal in maintaining responsive corporate governance and limiting future amendments that could compromise shareholder rights. He encourages shareholders to vote in favor of the amendment, asserting that it will strengthen their ability to express their views on board-adopted bylaw changes. The submission was made under Rule 14a-6(g)(1) of the Securities Exchange Act of 1934 and is intended for public disclosure and consideration of these governance issues, not as a solicitation of authority to vote proxies.
