In brief, what does FedEx Corporation's Regulation FD policy say?
Our Regulation FD policy (i) prohibits the selective disclosure of material, non-public information about FedEx, (ii) sets forth procedures that will prevent such disclosure, and (iii) provides for the broad, public distribution of material information regarding FedEx.
How does your Regulation FD policy affect the way FedEx will interact with securities professionals and institutional investors?
Any private interaction between our senior executives and our investor relations and public relations professionals, on the one hand, and securities professionals and institutional investors, on the other hand (what we call "Regulation FD Persons"), creates a significant risk that we may selectively disclose material, non-public information regarding FedEx. Therefore, our Regulation FD policy restricts discussions between us and Regulation FD Persons. The purpose of this FAQ is to tell you more about what types of interactions our policy permits and proscribes.
Can we call Investor Relations and still ask questions?
Yes, you can still call Investor Relations with questions. In order to comply with Regulation FD, however, we have adopted new rules about when and how we answer them.
- We may immediately respond to questions that relate to information which is solely historical and already public.
- During the two week period following FedEx's quarterly earnings release, we may also answer questions that relate to forward-looking information contained in our quarterly earnings release or disclosed by us during the earnings conference call.
- All other questions from Regulation FD Persons must be submitted in writing to FedEx Investor Relations. You can do this by e-mail (ir@fedex.com). We will then determine whether to respond (i) directly to the person making the inquiry, (ii) through a public disclosure or (iii) not at all.
Will you provide earnings guidance?
We will continue to provide public earnings guidance, as we recognize that such information is critically needed by the marketplace. The SEC, however, has prohibited giving non-public earnings guidance to Regulation FD Persons. We will not, therefore, provide Regulation FD Persons with non-public earnings guidance under any circumstances.
Will you review materials and reports prepared by Regulation FD Persons?
While we may elect to review materials prepared by Regulation FD Persons, we will not comment (orally or in writing) upon any such material, except that we may correct inaccuracies relating to
- public, historical information, and
- in limited circumstances, forward-looking information relating to statements made by us in our quarterly earnings release or publicly disclosed by us during the quarterly earnings conference call.
Will FedEx officials be available for private meetings, speaking engagements, interviews and conferences?
Please contact our Investor Relations department if
- you wish to have a private meeting with one of our senior executives or any of our investor relations or public relations professionals, including a site visit or Q&A session, or
- you would like for us to give a speech or interview or participate in a conference.
What role will your Web site play in the dissemination of information about FedEx?
We urge you to visit often the Investor Relations section of our Web site at www.fedex.com/us/investorrelations to stay abreast of information regarding FedEx. Our Web site includes certain financial and operating data, including our quarterly Stat Book, and will provide notice of events of interest to investors. In addition, we will periodically update our Web site to include responses to frequently asked questions regarding our business.
Our Web site will also include notice of conference calls to discuss quarterly earnings and other events of significance. The notice will include the time and the date of the conference call and instructions on how to access the call. All interested persons may listen to the conference call through Internet Webcasting. At our discretion, Regulation FD Persons may also be permitted to participate in the conference by telephone. The call, including the question-and-answer period, will be posted on our Web site and maintained there for approximately one year.
From time to time, other events of interest will also be accessible through Internet Webcasting, such as our Chairman's remarks to shareholders at our annual meeting.
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