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8-KThe WireRed Alert

Executive Change · Shareholder Vote

Filed Jun 9, 2025 · 1y ago · Accession 0001633917-25-000105

Plain English

Material event — a significant development the company must disclose promptly.

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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): June 5, 2025 PayPal Holdings, Inc. (Exact name of registrant as specified in its charter) Delaware 001-36859 47-2989869 (State or other jurisdiction (Commission File Number) (I.R.S. Employer of incorporation) Identification No.) 2211 North First Street San Jose , CA 95131 (Address of principal executive offices) ( 408 )  967-1000 (Registrant’s telephone number, including area code) Not Applicable (Former name or former address, if changed since last report) 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 (see General Instruction A.2. below): ☐     Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐     Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐     Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐     Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common stock, $0.0001 par value per share PYPL NASDAQ Global Select Market Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers . At the 2025 Annual Meeting of Stockholders of PayPal Holdings, Inc. (the “Company”) held on June 5, 2025 (the “Annual Meeting”), the stockholders, upon the recommendation of the Company’s Board of Directors, approved the amendment and restatement of the PayPal Holdings, Inc. 2015 Equity Incentive Award Plan (the “2015 Plan” and, as amended and restated, the “Amended Equity Plan”). The Amended Equity Plan increased the number of shares of common stock of the Company (the “Shares”) reserved for issuance under the 2015 Plan by an additional 15 million Shares. A summary of the Amended Equity Plan was also included as part of Proposal 3 in the Company’s definitive proxy statement filed on Schedule 14A with the Securities and Exchange Commission on April 21, 2025 (the “Proxy Statement”). The summary of the Amended Equity Plan provided herein and that contained in the Proxy Statement is qualified in its entirety by reference to the full text of the Amended Equity Plan, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K, and is incorporated herein by reference. 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 2026 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 2025. 5. Did not approve the stockholder proposal titled “Report on Charitable Giving." 6. Did not approve the stockholder proposal titled “Reduce Threshold to Call Special Meeting of Stockholders.” 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 Joy Chik 645,435,714 99.7% 1,711,780 0.3% 779,055 124,555,256 Alex Chriss 642,689,742 99.3% 4,467,127 0.7% 769,680 124,555,256 Jonathan Christodoro 636,424,282 98.3% 10,685,477 1.7% 816,790 124,555,256 Carmine Di Sibio 644,999,670 99.7% 2,089,063 0.3% 837,816 124,555,256 David W. Dorman 609,859,305 94.2% 37,249,913 5.8% 817,331 124,555,256 Enrique Lores 611,465,781 96.1% 25,099,467 3.9% 11,361,301 124,555,256 Gail J. McGovern 631,666,966 97.8% 14,038,276 2.2% 2,221,307 124,555,256 Deborah M. Messemer 645,148,810 99.7% 1,982,665 0.3% 795,074 124,555,256 David M. Moffett 626,501,800 96.8% 20,586,879 3.2% 837,870 124,555,256 Ann M. Sarnoff 645,185,426 99.7% 1,933,358 0.3% 807,765 124,555,256 Frank D. Yeary 639,681,047 98.9% 7,437,836 1.1% 807,666 124,555,256 *Percentage results reported throughout this Form 8-K may not sum due to rounding. Each of the 11 nominees was elected to the Board, each to hold office until the Company’s 2026 Annual Meeting of Stockholders and until their respective successors are elected and qualified. Proposal 2: Advisory Vote to Approve Named Executive Officer Compensation: Votes For 582,901,538  90.0  % Votes Against 63,801,981  9.8  % Abstentions 1,223,030  0.2  % Broker Non-Votes 124,555,256  The proposal was approved. Proposal 3: Approval of the PayPal Holdings, Inc. 2015 Equity Incentive Award Plan, as Amended and Restated: Votes For 428,164,854  66.1  % Votes Against 218,692,662  33.8  % Abstentions 1,069,033  0.2  % Broker Non-Votes 124,555,256  The proposal was approved. Proposal 4 : Ratification of the Appointment of PricewaterhouseCoopers LLP as the Company’s Independent Auditor for 2025: Votes For 708,979,988  91.8  % Votes Against 62,354,251  8.1  % Abstentions 1,147,566  0.1  % Broker Non-Votes n/a   The appointment was ratified. Proposal 5: Stockholder Proposal: Report on Charitable Giving: Votes For 9,210,846  1.4  % Votes Against 634,587,222  97.9  % Abstentions 4,128,481  0.6  % Broker Non-Votes 124,555,256  The proposal was not approved. Proposal 6: Stockholder Proposal: Reduce Threshold to Call Special Meeting of Stockholders: Votes For 284,178,682  43.9  % Votes Against 362,495,326  55.9  % Abstentions 1,252,541  0.2  % Broker Non-Votes 124,555,256  The proposal was not approved. 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 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: June 9, 2025 /s/ Brian Y. Yamasaki Name: Brian Y. Yamasaki Title: Vice President, Corporate Legal and Secretary
Filing details
Ticker
PYPL
CIK
1633917
Form type
8-K
Filing date
Jun 9, 2025
Report date
Jun 5, 2025
Document
pypl-20250605.htm
Size
375 KB