8-K
filed May 31, 2023, 7:59 PM ET
ticker PYPL
CIK 0001633917
other material
confidence high
sentiment neutral
materiality 0.55
PayPal shareholders approve 34.6M share increase in 2015 equity incentive plan
PayPal Holdings, Inc.
- Shareholders approved amendment to 2015 equity plan, adding 34.6M shares of common stock.
- All 12 director nominees were elected with over 91% support; Daniel Schulman received 97.4%.
- Advisory vote on executive compensation passed with 78.01% of votes cast in favor.
- Ratification of PwC as independent auditor for 2023 approved with 94.87% support.
- All four shareholder proposals (conflict zones, reproductive rights, civil liberties, majority vote) were defeated.
Key facts
Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
PayPal Holdings, Inc. shareholders rejected Stockholder Proposal: Adopt Majority Vote Standard for Director Elections.
- Outcome
- failed
Exact text from the filing
Proposal 9: Stockholder Proposal: Adopt Majority Vote Standard for Director Elections: Votes For 145,918,941 19.94% Votes Against 578,857,184 79.11% Abstentions 6,876,704 0.93% Broker Non-Votes 139,962,790 The proposal was not approved.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
PayPal Holdings, Inc. shareholders rejected Stockholder Proposal: Provision of Services in Conflict Zones.
- Outcome
- failed
Exact text from the filing
Proposal 5: Stockholder Proposal: Provision of Services in Conflict Zones: Votes For 80,432,950 10.99% Votes Against 636,079,978 86.93% Abstentions 15,139,901 2.06% Broker Non-Votes 139,962,790 The proposal was not approved.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
PayPal Holdings, Inc. shareholders approved Advisory Vote to Approve Named Executive Officer Compensation.
- Proposal
- say on pay
- Outcome
- passed
Exact text from the filing
Proposal 2: Advisory Vote to Approve Named Executive Officer Compensation: Votes For 570,786,918 78.01% Votes Against 159,157,209 21.75% Abstentions 1,708,702 0.23% Broker Non-Votes 139,962,790 The proposal was approved.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
PayPal Holdings, Inc. shareholders approved Election of Directors.
- Proposal
- director election
- Outcome
- passed
Exact text from the filing
Proposal 1: Election of Directors: Director Nominees Votes For % For Votes Against % Against Abstentions Broker Non-Votes Rodney C. Adkins 680,336,569 93.15% 49,990,292 6.84% 1,325,968 139,962,790 Jonathan Christodoro 695,756,464 95.27% 34,542,401 4.72% 1,353,964 139,962,790 John J. Donahoe 678,877,419 92.94% 51,533,764 7.05% 1,241,646 139,962,790 David W. Dorman 671,541,880 91.95% 58,766,891 8.04% 1,344,058 139,962,790 Belinda J. Johnson 713,153,966 97.64% 17,207,765 2.35% 1,291,098 139,962,790 Enrique Lores 711,196,077 97.38% 19,131,074 2.61% 1,325,678 139,962,790 Gail J. McGovern 689,820,781 94.44% 40,535,333 5.55% 1,296,715 139,962,790 Deborah M. Messemer 708,381,306 96.98% 21,991,346 3.01% 1,280,177 139,962,790 David M. Moffett 703,019,892 96.26% 27,256,215 3.73% 1,376,722 139,962,790 Ann M. Sarnoff 713,121,823 97.63% 17,241,027 2.36% 1,289,979 139,962,790 Daniel H. Schulman 711,339,641 97.42% 18,830,918 2.57% 1,482,270 139,962,790 Frank D. Yeary 711,069,758 97.37% 19,201,094 2.62
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
PayPal Holdings, Inc. shareholders rejected Stockholder Proposal: Report on Ensuring Respect for Civil Liberties.
- Outcome
- failed
Exact text from the filing
Proposal 8: Stockholder Proposal: Report on Ensuring Respect for Civil Liberties: Votes For 8,591,277 1.17% Votes Against 714,764,835 97.69% Abstentions 8,296,717 3.22% Broker Non-Votes 139,962,790 The proposal was not approved.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
PayPal Holdings, Inc. shareholders approved Approval of the PayPal Holdings, Inc. 2015 Equity Incentive Award Plan, as Amended and Restated.
- Proposal
- equity plan
- Outcome
- passed
Exact text from the filing
Proposal 3: Approval of the PayPal Holdings, Inc. 2015 Equity Incentive Award Plan, as Amended and Restated: Votes For 597,113,053 81.61% Votes Against 132,826,306 18.15% Abstentions 1,713,470 0.23% Broker Non-Votes 139,962,790 The proposal was approved.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
PayPal Holdings, Inc. shareholders rejected Stockholder Proposal: Reproductive Rights and Data Privacy.
- Outcome
- failed
Exact text from the filing
Proposal 6: Stockholder Proposal: Reproductive Rights and Data Privacy: Votes For 106,135,147 14.50% Votes Against 601,888,012 82.26% Abstentions 23,629,670 3.22% Broker Non-Votes 139,962,790 The proposal was not approved.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
PayPal Holdings, Inc. shareholders approved Ratification of the Appointment of PricewaterhouseCoopers LLP as the Company’s Independent Auditor for 2023.
- Proposal
- auditor ratification
- Outcome
- passed
Exact text from the filing
Proposal 4 : Ratification of the Appointment of PricewaterhouseCoopers LLP as the Company’s Independent Auditor for 2023: Votes For 826,943,183 94.87% Votes Against 42,959,662 4.92% Abstentions 1,712,774 0.19% Broker Non-Votes n/a The appointment was ratified.
View on SEC.gov
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