eBay Inc. (NASDAQ:EBAY) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02. Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers
On September 19, 2017, eBay Inc. (the “Company”) announced that Ms. Adriane Brown and Ms. Diana Farrell had been appointed as new members of the Company’s Board of Directors, with such appointment to be effective immediately. Ms. Brown and Ms. Farrell fill vacancies created by an increase in the size of the Company’s Board of Directors from 12 to 14, and each of their terms of office will expire at the Company’s 2018 annual meeting of stockholders or at such time as her respective successor has been elected and qualified. In addition, Ms. Brown will be a new member of the Company’s Audit Committee, with such appointment effective September 21, 2017.
As non-employee directors, Ms. Brown and Ms. Farrell are entitled to receive the compensation arrangements described in the Company’s 2017 Proxy Statement under “Compensation of Directors”, as filed with the Securities and Exchange Commission on March 31, 2017. In addition, the Company will enter into its form of Indemnity Agreement with Ms. Brown and Ms. Farrell, respectively, a copy of which has been filed as Exhibit 10.01 to the Company’s Registration Statement on Form S-1 as filed with the Securities and Exchange Commission on July 15, 1998.
There is no arrangement or understanding between either Ms. Brown or Ms. Farrell and any other persons to which either Ms. Brown and Ms. Farrell were appointed as a director. Furthermore, there are no transactions between either Ms. Brown and Ms. Farrell and the Company that would be required to be reported under Item404(a) of RegulationS-K.
About eBay Inc. (NASDAQ:EBAY)
eBay Inc. (eBay) is a commerce company, which operates through its Marketplace, StubHub and Classifieds platforms. The Company helps in enabling commerce on its platforms for buyers and sellers online. The Company has an open source platform that provides software developers and merchants an access to its application programming interfaces for developing software and solutions for commerce. Its Marketplace platforms include its online marketplace located at www.ebay.com, localized counterparts and the eBay mobile applications. Its StubHub platforms include its online ticket platform located at www.stubhub.com and the StubHub mobile applications. Its StubHub platforms provide customers with a place to purchase tickets to the games, concerts and theater shows and also enable owners to sell the tickets. Its Classifieds platforms offer online classifieds with a collection of brands, such as Mobile.de, Kijiji, Gumtree, Marktplaats, eBay Classifieds and others.