PayPal Holdings, Inc. 8-K: Officer/Director Changes & Shareholder Votes
Ticker: PYPL · Form: 8-K · Filed: May 28, 2024 · CIK: 1633917
| Field | Detail |
|---|---|
| Company | Paypal Holdings, Inc. (PYPL) |
| Form Type | 8-K |
| Filed Date | May 28, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, officer-changes, director-changes, shareholder-vote
Related Tickers: PYPL
TL;DR
PayPal 8-K drops: Director/officer changes, shareholder votes, and financial updates filed.
AI Summary
PayPal Holdings, Inc. filed an 8-K on May 28, 2024, reporting events as of May 22, 2024. The filing primarily concerns the departure of directors or certain officers, the election of directors, the appointment of certain officers, and compensatory arrangements. It also includes the submission of matters to a vote of security holders and financial statements and exhibits.
Why It Matters
This filing indicates potential shifts in leadership or governance at PayPal, which could impact strategic direction and investor confidence.
Risk Assessment
Risk Level: medium — Changes in directors or officers, especially if numerous or at high levels, can signal internal shifts or strategic realignments that may affect the company's future performance.
Key Players & Entities
- PayPal Holdings, Inc. (company) — Registrant
- May 22, 2024 (date) — Earliest event reported
- May 28, 2024 (date) — Date of report
FAQ
What specific officer or director positions were affected by the events reported on May 22, 2024?
The filing indicates "Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers" but does not specify the names or exact positions in the provided text.
Were there any specific matters submitted to a vote of security holders?
Yes, the filing explicitly lists "Submission of Matters to a Vote of Security Holders" as an item of information.
What financial information is included in this 8-K filing?
The filing includes "Financial Statements and Exhibits".
What is the principal executive office address for PayPal Holdings, Inc.?
The principal executive offices are located at 2211 North First Street, San Jose, CA 95131.
What is the SEC file number for PayPal Holdings, Inc.?
The SEC file number for PayPal Holdings, Inc. is 001-36859.
Filing Stats: 1,086 words · 4 min read · ~4 pages · Grade level 8.5 · Accepted 2024-05-28 17:12:46
Key Financial Figures
- $0.0001 — ange on which registered Common stock, $0.0001 par value per share PYPL NASDAQ Global
Filing Documents
- pypl-20240522.htm (8-K) — 71KB
- a2015equityplan_amendedx20.htm (EX-10.1) — 149KB
- 0001633917-24-000073.txt ( ) — 380KB
- pypl-20240522.xsd (EX-101.SCH) — 2KB
- pypl-20240522_lab.xml (EX-101.LAB) — 21KB
- pypl-20240522_pre.xml (EX-101.PRE) — 12KB
- pypl-20240522_htm.xml (XML) — 3KB
07. Submission of Matters to a Vote of Security Holders
Item 5.07. Submission of Matters to a Vote of Security Holders. At the Annual Meeting, the stockholders: 1. Elected the 11 director nominees named in the Company's Proxy Statement to serve as directors until the Company's 2025 Annual Meeting of Stockholders and until their respective successors are elected and qualified; 2. Approved, on an advisory basis, the compensation of the named executive officers; 3. Approved the amendment and restatement of the 2015 Equity Incentive Award Plan; 4. Ratified the appointment of PricewaterhouseCoopers LLP as the Company's independent auditor for 2024; 5. Did not approve the stockholder proposal titled "Report on Respecting Workforce Civil Liberties"; and 6. Did not approve the stockholder proposal titled "Bylaw Amendment: Stockholder Approval of Director Compensation." Set forth below are the voting results for each matter presented at the Annual Meeting. Percentages provided are based on the votes used to determine the results for such proposal under the applicable approval standard disclosed in the Proxy Statement. Proposal 1: Election of Directors: Director Nominees Votes For % For Votes Against % Against Abstentions Broker Non-Votes Rodney C. Adkins 571,257,375 88.97% 70,808,686 11.03 % 3,909,434 138,852,386 Alex Chriss 636,122,518 98.78% 7,854,860 1.22 % 1,998,117 138,852,386 Jonathan Christodoro 587,653,511 91.53% 54,393,951 8.47 % 3,928,033 138,852,386 John J. Donahoe 614,297,661 95.39% 29,689,836 4.61 % 1,987,998 138,852,386 David W. Dorman 569,457,692 88.70% 72,572,545 11.30 % 3,945,258 138,852,386 Enrique Lores 635,015,086 98.84% 7,464,597 1.16 % 3,495,812 138,852,386 Gail J. McGovern 570,711,556 88.82% 71,832,388 11.18 % 3,431,551 138,852,386 Deborah M. Messemer 631,573,102 98.29% 10,988,019 1.71 % 3,414,374 138,852,386 David M. Moffett 631,053,021 98.22% 11,438,986 1.78 % 3,483,488 138,852,386 Ann M. Sarnoff 638,242,250 99.33% 4,312,495 0.67 % 3,420,750 138,852,386 Frank D. Yeary 634,494,024
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit Number Exhibit Title or Description 10.1 PayPal Holdings, Inc. 2015 Incentive Award Plan, as Amended and Restated 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
SIGNATURES 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. PayPal Holdings, Inc. (Registrant) Date: May 28, 2024 /s/ Brian Y. Yamasaki Name: Brian Y. Yamasaki Title: Vice President, Corporate Legal and Secretary