IWP Capital to Vote "FOR" FedEx Proposal 6 on Abortion-Drug Distribution Risk

IWP Capital discloses its intention to support FedEx Proposal 6, seeking a board-level risk report on abortion-drug distribution oversight.

Rhea-AI Summary

IWP Capital, a FedEx (FDX) shareholder and co-filer, plans to vote FOR Proposal 6 at the company’s September 28, 2026 annual meeting.

Proposal 6, titled “Report on Risks Related to Distributing Abortion Drugs”, appears in the Stockholder Proposals section of FedEx’s 2026 proxy statement and is described as precatory and procedural. It asks the FedEx board, within one year and at reasonable cost, to report on how it oversees legal, regulatory, and reputational risks from transporting mail-order abortion drugs such as mifepristone, without requesting that FedEx stop shipping lawful products or inspect packages. IWP Capital cites unsettled Comstock Act enforcement and competing reputational pressures as reasons, and encourages other shareholders to review and consider supporting Proposal 6. The statement clarifies it is not a proxy solicitation and instructs shareholders to vote only using FedEx’s official proxy materials.

Argus 15 min delay

-0.29% vs previous close $304.98 last price 3.3x rel. volume Open Argus

Details

Market Reaction – FDX

$303.77 $305.50 Day Range

$72.18B Market Cap

Following this news, FDX has declined 0.29%, reflecting a mild negative market reaction. The stock is currently trading at $304.98. Trading volume is very high at 3.3x the average, suggesting heavy selling pressure.

Data tracked by StockTitan Argus (15 min delayed). Upgrade to Gold for real-time data.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Co-filer urges a board-level risk report as Comstock Act enforcement remains unsettled ahead of the September 28 annual meeting

FORT WORTH, Texas, Sept. 18, 2026 /PRNewswire/ -- IWP Capital, LLC, a faith-based service provider and co-filer of Proposal 6 on the FedEx Corporation (NYSE: FDX) 2026 proxy statement, today said it intends to vote FOR the proposal at the company's annual meeting on September 28, 2026. The proposal, Report on Risks Related to Distributing Abortion Drugs, was filed by IWP Capital with the Catholic Diocese of Fort Worth and appears in the Stockholder Proposals section of FedEx's proxy statement, beginning on page 104.

The proposal is precatory and procedural. It asks FedEx's board to report, within one year and at reasonable cost, on how it oversees the legal, regulatory, and reputational risks of transporting mail-order abortion drugs such as mifepristone. It does not ask FedEx to stop shipping any lawful product or to inspect packages.

"We are asking a board that emphasizes risk oversight to tell its owners how it is preparing for a criminal statute whose enforcement is genuinely unsettled," said Sam Saladino, Chief Executive Officer of IWP Capital. "Legal uncertainty of this magnitude is itself a material risk. That is why we intend to vote for Proposal 6."

IWP notes the reputational pressure runs both ways — from investors urging continued access and from faith-based coalitions — giving the board a governance reason to document its reasoning. IWP Capital intends to vote FOR Proposal 6 and encourages fellow shareholders to review the proposal and consider doing the same.

IMPORTANT NOTICE

This press release is a public statement by IWP Capital, LLC, a shareholder of FedEx Corporation, of how it intends to vote on Proposal 6 and its reasons for that decision. It is furnished in reliance on Rule 14a-1(l)(2)(iv) under the Securities Exchange Act of 1934 and is not a solicitation of authority to vote any proxy. IWP Capital is NOT asking for, and will NOT accept, proxy cards; any proxy card received will be returned. IWP Capital cannot vote your shares and is not requesting the authority to do so. Shareholders should vote using only the official proxy materials distributed by FedEx.

View original content:https://www.prnewswire.com/news-releases/iwp-capital-to-vote-for-fedex-proposal-6-on-abortion-drug-distribution-risk-302882388.html

SOURCE IWP Capital, LLC

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does FedEx Proposal 6 specifically request from the board?

Proposal 6 asks the FedEx board to provide, within one year and at reasonable cost, a report on how it oversees the legal, regulatory, and reputational risks associated with transporting mail-order abortion drugs such as mifepristone. The proposal is described as precatory and procedural, and it does not ask FedEx to stop shipping any lawful product or to inspect packages.

Is IWP Capital soliciting proxies or asking shareholders to send them proxy cards?

No. The notice states it is not a solicitation of authority to vote any proxy and that IWP Capital is not asking for and will not accept proxy cards; any proxy card received will be returned. IWP Capital cannot vote other shareholders’ shares and is not requesting authority to do so. Shareholders are instructed to vote using only the official proxy materials distributed by FedEx.