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Is It Time To Disrupt Operations?
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<blockquote data-quote="FedEx All the Way!" data-source="post: 418269" data-attributes="member: 18070"><p><strong>UNITED STATES</strong></p><p><strong>SECURITIES AND EXCHANGE COMMISSION</strong></p><p><strong>Washington, D.C. 20549 </strong></p><p><strong>FORM 8-K</strong> </p><p><strong>CURRENT REPORT</strong></p><p><strong>Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</strong> </p><p><strong>Date of Report (Date of earliest event reported): October 22, 2008</strong> </p><p> <strong><span style="color: darkred">FedEx Corporation</span></strong></p><p>(Exact name of registrant as specified in its charter) <strong>Delaware</strong> <strong>1-15829</strong> <strong>62-1721435</strong>(State or other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.) <strong>942 South Shady Grove Road, Memphis, Tennessee</strong></p><p><strong>38120</strong>(Address of Principal Executive Offices) (Zip Code)</p><p>Registrant’s telephone number, including area code: <strong>(901) 818-7500</strong> (Former name or former address if changed since last report.)</p><p> </p><p><span style="font-family: 'Times New Roman'"><strong>SECTION 8 – OTHER EVENTS</strong> </span><span style="font-family: 'Times New Roman'"><strong>Item 8.01.</strong> <strong>Other Events.</strong></span></p><p><span style="font-family: 'Times New Roman'">On October 22, 2008, the Internal Revenue Service (“IRS”) <strong><span style="color: darkred">withdrew</span></strong> its tentative assessment of tax and penalties for the 2002 calendar year ($319 million plus interest) against FedEx Ground Package System, Inc. (“FedEx Ground”), a wholly owned subsidiary of FedEx Corporation, relating to the classification of FedEx Ground’s owner-operators for federal employment tax purposes. We are engaged in discussions with the IRS audit team regarding this matter. We continue to believe that FedEx Ground’s owner-operators are independent contractors and that no loss is probable in this matter. </span></p><p> </p><p><span style="font-family: 'Times New Roman'"><strong>SIGNATURES</strong> </span></p><p><span style="font-family: 'Times New Roman'">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. </span></p><p><span style="font-family: 'Times New Roman'"><strong>FedEx Corporation</strong> </span></p><p><span style="font-family: 'Times New Roman'">Date: October 22, 2008 </span></p><p><span style="font-family: 'Times New Roman'">By: <u><strong>/</strong>s/ John L. Merino </u></span></p><p><span style="font-family: 'Times New Roman'">John L. Merino </span></p><p><span style="font-family: 'Times New Roman'">Corporate Vice President and </span></p><p><span style="font-family: 'Times New Roman'">Principal Accounting Officer </span></p></blockquote><p></p>
[QUOTE="FedEx All the Way!, post: 418269, member: 18070"] [B]UNITED STATES[/B] [B]SECURITIES AND EXCHANGE COMMISSION[/B] [B]Washington, D.C. 20549 [/B] [B]FORM 8-K[/B] [B]CURRENT REPORT[/B] [B]Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934[/B] [B]Date of Report (Date of earliest event reported): October 22, 2008[/B] [B][COLOR=darkred]FedEx Corporation[/COLOR][/B] (Exact name of registrant as specified in its charter) [B]Delaware[/B] [B]1-15829[/B] [B]62-1721435[/B](State or other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.) [B]942 South Shady Grove Road, Memphis, Tennessee[/B] [B]38120[/B](Address of Principal Executive Offices) (Zip Code) Registrant’s telephone number, including area code: [B](901) 818-7500[/B] (Former name or former address if changed since last report.) [FONT=Times New Roman][B]SECTION 8 – OTHER EVENTS[/B] [/FONT][FONT=Times New Roman][B]Item 8.01.[/B] [B]Other Events.[/B][/FONT] [FONT=Times New Roman]On October 22, 2008, the Internal Revenue Service (“IRS”) [B][COLOR=darkred]withdrew[/COLOR][/B] its tentative assessment of tax and penalties for the 2002 calendar year ($319 million plus interest) against FedEx Ground Package System, Inc. (“FedEx Ground”), a wholly owned subsidiary of FedEx Corporation, relating to the classification of FedEx Ground’s owner-operators for federal employment tax purposes. We are engaged in discussions with the IRS audit team regarding this matter. We continue to believe that FedEx Ground’s owner-operators are independent contractors and that no loss is probable in this matter. [/FONT] [FONT=Times New Roman][B]SIGNATURES[/B] [/FONT] [FONT=Times New Roman]Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. [/FONT] [FONT=Times New Roman][B]FedEx Corporation[/B] [/FONT] [FONT=Times New Roman]Date: October 22, 2008 [/FONT] [FONT=Times New Roman]By: [U][B]/[/B]s/ John L. Merino [/U][/FONT] [FONT=Times New Roman]John L. Merino [/FONT] [FONT=Times New Roman]Corporate Vice President and [/FONT] [FONT=Times New Roman]Principal Accounting Officer [/FONT] [/QUOTE]
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