---
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"
generated_at: "2026-05-31T16:18:27.559750+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# John Donahoe resigns as PayPal Board Chair; Enrique Lores appointed effective July 23, 2024

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-184940
- JSON: https://secwatch.observer/filing/0001193125-24-184940.json
- Plain text: https://secwatch.observer/filing/0001193125-24-184940.txt

## Key facts
- Executive change
  John Donahoe resigned as Chair and member of the Board of Directors at PayPal Holdings, Inc..
  - Action: resigned
  - Role: Chair and member of the Board of Directors
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1633917/000119312524184940/0001193125-24-184940-index.htm
- Executive change
  Enrique Lores was appointed as Chair of the Board at PayPal Holdings, Inc..
  - Action: appointed
  - Role: Chair of the Board
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1633917/000119312524184940/0001193125-24-184940-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.