PayPal Holdings, Inc. (NASDAQ:PYPL) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02. Departure of Directors or Certain Officers; Election
of Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.
that Ann M. Sarnoff had been appointed as a new member of the
Companys Board of Directors (the Board) and a member of the
Audit, Risk and Compliance Committee of the Board, effective June
27, 2017. Ms. Sarnoff fills a vacancy created by an increase in
the size of the Companys Board from nine to ten, and her term of
office will expire at the Companys 2018 annual meeting of
stockholders or until her successor has been elected and
qualified.
receive compensation in accordance with the Companys Independent
Director Compensation Policy, which is attached as Exhibit 10.1
to this Current Report on Form 8-K.
any other persons to which Ms. Sarnoff was appointed as a
director. Furthermore, there are no transactions between Ms.
Sarnoff and the Company that would be required to be reported
under Item 404(a) of Regulation S-K.
appointment is attached as Exhibit 99.1 to this Current Report on
Form 8-K, and is incorporated herein by reference.
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Exhibit No.
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Description
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10.1
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Independent Director Compensation Policy
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99.1
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Press Release dated June 28, 2017
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arrangement.
PayPal Holdings, Inc. ExhibitEX-10.1 2 independentdirectorcompens.htm EXHIBIT 10.1 Exhibit EXHIBIT 10.1PayPal Holdings,…To view the full exhibit click here About PayPal Holdings, Inc. (NASDAQ:PYPL)
PayPal Holdings, Inc. (PayPal) is a technology platform company that enables digital and mobile payments on behalf of consumers and merchants across the world. The Company allows businesses of all sizes to accept payments from merchant Websites, mobile devices and applications, and at offline retail locations through a range of payment solutions. Its combined payment solution capabilities, including its PayPal, PayPal Credit, Braintree, Venmo and Xoom products, comprise its Payments Platform. It allows its customers to use their account to both purchase and be paid for goods, as well as transfer and withdraw funds. A consumer can typically fund a purchase using a bank account, a PayPal account balance, a PayPal Credit account, a credit or debit card or other stored value products, such as coupons and gift cards. The PayPal, Venmo, and Xoom products allow friends and family to transfer funds to each other, including cross border transfers using several of these funding sources.