{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-184940","form_type":"8-K","ticker":"PYPL","cik":"0001633917","company_name":"PayPal Holdings, Inc.","filed_at":"2024-07-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:13.878828+00:00","generated_at":"2026-05-31T16:18:27.559750+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"John Donahoe resigns as PayPal Board Chair; Enrique Lores appointed effective July 23, 2024","bullets":["John Donahoe resigned as Chair and Board member effective July 23, 2024; no disagreement cited.","Board reduced size to 11 directors and appointed Enrique Lores (President/CEO of HP Inc.) as new Chair.","Compensation Committee approved severance plan amendment reducing CEO multiple from 2x to 1.5x and EVP from 1.5x to 1x.","Restated plan eliminates Good Reason trigger for EVPs outside CIC and removes prorated cash bonus for Non-CIC terminations."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-184940","json":"https://secwatch.observer/filing/0001193125-24-184940.json","markdown":"https://secwatch.observer/filing/0001193125-24-184940.md","text":"https://secwatch.observer/filing/0001193125-24-184940.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1633917/000119312524184940/0001193125-24-184940-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1633917/000119312524184940/d809666d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T16:18:27.559750+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"566be2d02b","claim":"John Donahoe resigned as Chair and member of the Board of Directors at PayPal Holdings, Inc..","evidence_excerpt":"On July 23, 2024, John Donahoe notified PayPal Holdings, Inc. (the “Company”) of his decision to resign as Chair and member of the Board of Directors of the Company (the “Board”) effective immediately.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1633917/000119312524184940/0001193125-24-184940-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Chair and member of the Board of Directors"}],"fact_type":"executive_change"},{"claim_id":"9c03ec6ae2","claim":"Enrique Lores was appointed as Chair of the Board at PayPal Holdings, Inc..","evidence_excerpt":"Effectively immediately upon Mr. Donahoe’s resignation, the Board reduced the size of the Board to eleven (11) directors and appointed Enrique Lores as Chair of the Board.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1633917/000119312524184940/0001193125-24-184940-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chair of the Board"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}