secwatch.observer — SEC 8-K summary
======================================

Issuer:     PayPal Holdings, Inc. (PYPL)
CIK:        0001633917
Form:       8-K
Filed at:   2023-02-09T23:59:59+00:00
Accession:  0001193125-23-030104
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CEO Dan Schulman to retire from PayPal by year-end 2023
-------------------------------------------------------

- Schulman intends to retire on December 31, 2023 or upon successor appointment; no dispute with the company.
- Board will retain a search firm to find Schulman's successor; Schulman will continue on the Board.
- Under Schulman, revenue grew from $9.2B (2015) to $27.5B (2022); TPV increased 5x to $1.36 trillion.
- Total active accounts more than doubled to over 430 million in 200 markets during his tenure.
- Schulman's retirement is planned and he will work with Board for a smooth leadership transition.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1633917/000119312523030104/0001193125-23-030104-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1633917/000119312523030104/d460672d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-030104

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer