Shareholder Vote

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549     FORM 8-K     CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of Earliest Event Reported): June 2, 2022     PayPal Holdings, Inc. (Exact name of registrant as specified in its charter)       Delaware   001-36859   47-2989869 (State or other jurisdiction of incorporation)   (Commission File Number)   (I.R.S. Employer Identification No.) 2211 North First Street San Jose , CA 95131 (Address of principal executive offices) (408) 967-1000 (Registrant’s telephone number, including area code) Not Applicable (Former name or former address, if changed since last report)     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions ( see General Instruction A.2. below):   ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)   ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)   ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))   ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act:   Title of each class   Trading Symbol(s)   Name of each exchange on which registered Common stock, $0.0001 par value per share   PYPL   NASDAQ Global Select Market Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). ☐ Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐       Item 5.07 Submission of Matters to a Vote of Security Holders. At the 2022 Annual Meeting of Stockholders of PayPal Holdings, Inc. (the “Company”) held on June 2, 2022 (the “Annual Meeting”), the stockholders:     1. Elected the 12 director nominees named in the Company’s 2022 Proxy Statement to serve as directors until the Company’s 2023 Annual Meeting of Stockholders and until their respective successors are elected and qualified;     2. Approved, on an advisory basis, the compensation of the named executive officers;     3. Approved, on an advisory basis, a frequency of “Every Year” for the stockholder advisory vote to approve the compensation of the named executive officers;     4. Ratified the appointment of PricewaterhouseCoopers LLP as the Company’s independent auditor for 2022; and     5. Did not approve the stockholder proposal titled “Special Shareholder Meeting Improvement”. Set forth below are the voting results for each matter presented at the Annual Meeting. Percentages provided are based on the votes used to determine the results for such proposal under the applicable approval standard disclosed in the 2022 Proxy Statement. Proposal 1:  Election of Directors:   Director Nominees    Votes For      % For     Votes Against      % Against     Abstentions      Broker Non-Votes   Rodney C. Adkins      707,068,453        90.46 %      74,551,540        9.53 %      3,061,333        140,081,846   Jonathan Christodoro      759,428,157        97.16 %      22,189,715        2.83 %      3,063,454        140,081,846   John J. Donahoe      745,068,891        95.55 %      34,648,066        4.44 %      4,964,369        140,081,846   David W. Dorman      747,533,046        95.88 %      32,099,726        4.11 %      5,048,554        140,081,846   Belinda J. Johnson      774,644,519        98.86 %      8,862,526        1.13 %      1,174,281        140,081,846   Enrique Lores      749,037,051        95.60 %      34,420,365        4.39 %      1,223,910        140,081,846   Gail J. McGovern      757,311,189        97.13 %      22,354,349        2.86 %      5,015,788        140,081,846   Deborah M. Messemer      774,628,629        98.86 %      8,891,344        1.13 %      1,161,353        140,081,846   David M. Moffett      763,804,453        97.52 %      19,421,989        2.47 %      1,454,884        140,081,846   Ann M. Sarnoff      773,837,040        98.76 %      9,659,710        1.23 %      1,184,576        140,081,846   Daniel H. Schulman      774,714,572        98.97 %      8,050,059        1.02 %      1,916,695        140,081,846   Frank D. Yeary      773,307,778        98.80 %      9,367,569        1.19 %      2,005,979        140,081,846   Each of the 12 nominees was elected to the Board, each to hold office until the Company’s 2023 Annual Meeting of Stockholders and until their respective successors are elected and qualified. Proposal 2:  Advisory Vote to Approve Named Executive Officer Compensation:   Votes For:      693,336,873        88.35 %  Votes Against:      87,613,812        11.16 %  Abstentions:      3,730,641        0.47 %  Broker Non-Votes:      140,081,846      The proposal was approved. Proposal 3:  Advisory Vote on the Frequency of the Stockholder Advisory Vote to Approve Named Executive Officer Compensation:   Votes For “Every Year”:      773,597,110        99.05 %  Votes For “Every Two Years”:      1,418,143        0.18 %  Votes For “Every Three Years”:      5,981,059        0.76 %  Abstentions:      3,685,014      The proposal (commonly referred to as a “say-on-frequency” proposal) was approved. In accordance with the voting results on this proposal, the Company has determined to hold an advisory vote on executive compensation every year until the next say-on-frequency vote. A say-on-frequency vote is required to be held at least once every six years. Proposal 4:  Ratification of the Appointment of PricewaterhouseCoopers LLP as the Company’s Independent Auditor for 2022:   Votes For:      867,916,636        93.85 %  Votes Against:      53,028,985        5.73 %  Abstentions:      3,817,551        0.41 %  Broker Non-Votes:      n/a      The appointment was ratified. Proposal 5:  Stockholder Proposal: Special Shareholder Meeting Improvement:   Votes For:      369,080,003        47.03 %  Votes Against:      413,627,862        52.71 %  Abstentions:      1,973,461        0.25 %  Broker Non-Votes:      140,081,846      The proposal was not approved. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.       PayPal Holdings, Inc. Date: June 6, 2022     By:   /s/ Brian Y. Yamasaki       Name: Brian Y. Yamasaki       Title: Vice President, Corporate Legal and Secretary