PayPal amends bylaws to update stockholder nomination procedures and proxy rules

PayPal Holdings, Inc.

Board approved amendments effective Sept. 27, 2023 addressing universal proxy rules under Rule 14a-19.
New requirement: stockholder soliciting proxies must use a proxy card color other than white.
Updates to adjournment and postponement procedures for stockholder meetings.
Revisions reflect Delaware law changes on availability of stockholder lists at meetings.
No changes to fiscal year or capital structure.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

PayPal Holdings, Inc.: Amended bylaws to update procedures and disclosure requirements for stockholder nominations, including universal proxy rules and proxy card color, and update adjournment/postponement procedures and stockholder list provisions under Delaware law (effective 2023-09-27).

Change: bylaw amendment
Effective: 2023-09-27

Exact text from the filing

On September 27, 2023, as part of its periodic review of the governing documents of PayPal Holdings, Inc. (the “Company”), the Company’s Board of Directors (the “Board”) approved amendments to the Company’s Amended and Restated Bylaws (the “Bylaws”) to update and enhance the procedures and disclosure requirements for stockholder nominations of directors, including to address matters relating to the universal proxy rules set forth in Rule 14a-19 under the Securities Exchange Act of 1934, as amended, and to require that a stockholder soliciting proxies use a proxy card color other than white, along with other clarifying and conforming changes.

View on SEC.gov

89 governance changes filed in the last 30 days. Browse all governance changes →

PayPal Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001633917-23-000143

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.