secwatch.observer — SEC 8-K summary
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Issuer:     PayPal Holdings, Inc. (PYPL)
CIK:        0001633917
Form:       8-K
Filed at:   2026-03-25T23:59:59+00:00
Accession:  0001633917-26-000059
Event type: leadership
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PayPal appoints former Block CEO Alyssa Henry to board; Gail McGovern to retire
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- Alyssa H. Henry, former CEO of Block Inc.'s Square, appointed to PayPal Board effective March 25, 2026, filling a new 12th seat.
- Henry will serve on Compensation and Risk & Compliance Committees; will receive standard independent director compensation.
- Gail J. McGovern will not stand for re-election at the 2026 Annual Meeting in May; decision unrelated to any disagreement.
- Board size will reduce from 12 to 11 directors immediately before the Annual Meeting.
- Independent Director Ann Sarnoff to succeed McGovern as chair of Corporate Governance and Nominating Committee.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1633917/000163391726000059/0001633917-26-000059-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1633917/000163391726000059/pypl-20260320.htm
  HTML page:      https://secwatch.observer/filing/0001633917-26-000059

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