-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, K9skAgUE/f3nF9N+yl9BdujlwcjcWYi0q41nKcJ8hu36vjIX+St3DNKx/BacnOLU 1Vd85KyVFE/6cLvHrjxfhQ== 0001362310-07-000978.txt : 20070605 0001362310-07-000978.hdr.sgml : 20070605 20070605153106 ACCESSION NUMBER: 0001362310-07-000978 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20070531 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Termination of a Material Definitive Agreement FILED AS OF DATE: 20070605 DATE AS OF CHANGE: 20070605 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FEDERAL EXPRESS CORP CENTRAL INDEX KEY: 0000230211 STANDARD INDUSTRIAL CLASSIFICATION: AIR COURIER SERVICES [4513] IRS NUMBER: 710427007 STATE OF INCORPORATION: DE FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-07806 FILM NUMBER: 07900883 BUSINESS ADDRESS: STREET 1: 3610 HACKS CROSS ROAD CITY: MEMPHIS STATE: TN ZIP: 38125 BUSINESS PHONE: 9013693600 MAIL ADDRESS: STREET 1: 3610 HACKS CROSS ROAD CITY: MEMPHIS STATE: TN ZIP: 38125 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FEDEX CORP CENTRAL INDEX KEY: 0001048911 STANDARD INDUSTRIAL CLASSIFICATION: AIR COURIER SERVICES [4513] IRS NUMBER: 621721435 STATE OF INCORPORATION: DE FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-15829 FILM NUMBER: 07900884 BUSINESS ADDRESS: STREET 1: 942 SOUTH SHADY GROVE ROAD CITY: MEMPHIS STATE: TN ZIP: 38120- BUSINESS PHONE: 9018187500 MAIL ADDRESS: STREET 1: 942 SOUTH SHADY GROVE ROAD CITY: MEMPHIS STATE: TN ZIP: 38120- FORMER COMPANY: FORMER CONFORMED NAME: FDX CORP DATE OF NAME CHANGE: 19971103 8-K 1 c70620e8vk.htm FORM 8-K Filed by Bowne Pure Compliance
 

 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
________________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): May 31, 2007
________________
FEDEX CORPORATION
(Exact name of registrant as specified in its charter)
Commission file number 1-15829
     
Delaware   62-1721435
(State or other jurisdiction of incorporation)   (IRS Employer
Identification No.)
     
942 South Shady Grove Road, Memphis, Tennessee   38120
(Address of principal executive offices)   (ZIP Code)
Registrant’s telephone number, including area code: (901) 818-7500
________________
FEDERAL EXPRESS CORPORATION
(Exact name of registrant as specified in its charter)
Commission File Number 1-7806
     
Delaware   71-0427007
(State or other jurisdiction of
incorporation) 		  (IRS Employer
Identification No.)
     
3610 Hacks Cross Road, Memphis, Tennessee   38125
(Address of principal executive offices)   (ZIP Code)
Registrant’s telephone number, including area code: (901) 369-3600
________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
o   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
o   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
o   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 

 

 

 

SECTION 1 — REGISTRANT’S BUSINESS AND OPERATIONS
Items 1.01. Entry into a Material Definitive Agreement.
On May 31, 2007, FedEx Corporation’s wholly owned subsidiary Federal Express Corporation (“FedEx Express”) entered into an agreement with the Memphis-Shelby County Airport Authority (the “Authority”), under which FedEx Express will continue to lease property at the Memphis International Airport for its hub operations, including its primary sorting and handling facility, aircraft hangars, aircraft ramp areas, vehicle parking areas, flight training and fuel facilities, administrative offices and warehouse space.
The new agreement replaces the Consolidated and Restated Lease Agreement dated as of August 1, 1979 between the Authority and FedEx Express and the 27 supplements thereto, as well as four smaller lease agreements between the Authority and FedEx Express, under which FedEx Express leased substantially the same property on substantially similar terms and conditions.
The new agreement is effective for a period beginning on January 1, 2007 and ending on December 31, 2036. FedEx Express has the option to extend the agreement upon expiration of the initial term for two consecutive periods: the first ending on December 31, 2046, and the second ending on December 31, 2058. The aggregate area of the property being leased under the agreement is approximately 30.5 million square feet, and the aggregate annual rent payable under the agreement is approximately $6.8 million. On July 1, 2008, the aggregate annual rent payable under the agreement will increase to approximately $7.9 million. On July 1, 2013, and on every fifth anniversary of that date, the annual rent payable with respect to most of the leased property will increase by the lesser of 13% or the percentage the Consumer Price Index for All Urban Consumers published by the Bureau of Labor Statistics of the United States Department of Labor has increased during such five-year period. The agreement obligates FedEx Express to maintain and insure the leased property and to pay all related taxes, assessments and other charges. The agreement is subordinate to, and FedEx Express’s rights thereunder could be affected by, any future agreement between the Authority and the U.S. Government.
A copy of the new lease agreement will be filed as an exhibit to FedEx’s annual report on Form 10-K for the fiscal year ended May 31, 2007.
Item 1.02. Termination of a Material Definitive Agreement.
See Item 1.01 above regarding the termination, effective January 1, 2007, of the Consolidated and Restated Lease Agreement dated as of August 1, 1979 between the Authority and FedEx Express and the 27 supplements thereto.

 

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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this report to be signed on their behalf by the undersigned hereunto duly authorized.
         
  FedEx Corporation
 		  
Date: June 5, 2007  By:   /s/ Marshall W. Witt    
    Marshall W. Witt   
    Staff Vice President and
Corporate Controller 		  
 
         
  Federal Express Corporation
 		  
Date: June 5, 2007  By:   /s/ Jay L. Cofield    
    Jay L. Cofield   
    Vice President and
Worldwide Controller 		  
 

 

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