# EDGAR Filing Document

**Accession Number:** 0001633917
**File Stem:** 0001633917-25-000124
**Filing Date:** 2025-6
**Character Count:** 10993
**Document Hash:** 2cb29bf3439550c8a8e39141da20ff8c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001633917-25-000124.hdr.sgml**: 20250624

**ACCESSION NUMBER**: 0001633917-25-000124

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 13

**CONFORMED PERIOD OF REPORT**: 20250623

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250624

**DATE AS OF CHANGE**: 20250624

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PayPal Holdings, Inc.
- **CENTRAL INDEX KEY:** 0001633917
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-BUSINESS SERVICES, NEC [7389]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 472989869
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-36859
- **FILM NUMBER:** 251069578

**BUSINESS ADDRESS:**
- **STREET 1:** 2211 NORTH FIRST STREET
- **CITY:** SAN JOSE
- **STATE:** CA
- **ZIP:** 95131
- **BUSINESS PHONE:** (408) 967-1000

**MAIL ADDRESS:**
- **STREET 1:** 2211 NORTH FIRST STREET
- **CITY:** SAN JOSE
- **STATE:** CA
- **ZIP:** 95131

?xml version='1.0' encoding='ASCII'? pypl-20250623

**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 23, 2025

**PayPal Holdings, Inc.** 

*(Exact name of registrant as specified in its charter)*

---

| | | |
|:---|:---|:---|
| **Delaware** | **001-36859** | **47-2989869** |
| *(State or other jurisdiction* | *(Commission File Number)* | *(I.R.S. Employer* |
| *of incorporation)* | | *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):

☐&nbsp;&nbsp;&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐&nbsp;&nbsp;&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐&nbsp;&nbsp;&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐&nbsp;&nbsp;&nbsp;&nbsp;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. ☐

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**Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.**

***Board of Directors***

There is no arrangement or understanding between Ms. Stanley and any other persons pursuant to which Ms. Stanley was appointed as a director. Furthermore, there are no transactions in which the Company was a participant and in which Ms. Stanley had an interest that would be required to be reported under Item 404(a) of Regulation S-K.

A copy of the press release issued by the Company regarding the election of Ms. Stanley to its Board is attached as Exhibit 99.1 to this Current Report on Form 8-K.

**Item 7.01 Regulation FD Disclosure**

Effective as of June 23, 2025, the Board of Directors of PayPal Holdings, Inc. ("Board") effected a reorganization of its Board committee structure. Specifically, the Board (1) disbanded its Audit, Risk and Compliance Committee and (2) established two new Committees, an Audit and Finance Committee and a Risk and Compliance Committee.

As provided in its charter as adopted by the Board, the Audit and Finance Committee is responsible for providing assistance and guidance to the Board in fulfilling its oversight responsibilities with respect to (i) the Company's corporate accounting and financial reporting practices and the audit of the Company's financial statements, (ii) the independent auditors' qualifications and independence, (iii) the performance of the Company's internal audit function and independent auditors, (iv) the quality and integrity of the Company's financial statements and reports, (v) reviewing and approving all audit engagement fees and terms, as well as all non-audit engagements with the independent auditors, (vi) producing the report that the rules of the Securities and Exchange Commission require to be included in the Company's annual proxy statement, and (vii) various finance matters.

As provided in its charter as adopted by the Board, the Risk and Compliance Committee is responsible for providing assistance and guidance to the Board in fulfilling its oversight responsibilities with respect to (i) overseeing the Company's overall risk framework and risk appetite framework and (ii) the Company's compliance with legal and regulatory requirements.

Each of the Board committee charters is available in the governance section of our Investor Relations website at <u>https://investor.pypl.com/governance</u>.

In connection with the reorganization discussed above, the Board also reorganized the composition of its Board committees effective as of June 23, 2025, as set forth below:

---

| | | | |
|:---|:---|:---|:---|
| **Audit & Finance** | **Risk & Compliance** | **Compensation** | **Corporate Governance & Nominating** |
| Carmine Di Sibio (Chair) | David Moffett (Chair) | David Dorman (Chair) | Gail McGovern (Chair) |
| Jonathan Christodoro | Deirdre Stanley (effective as of June 24, 2025) | Ann Sarnoff | Jonathan Christodoro |
| Gail McGovern | Carmine Di Sibio | Frank Yeary | Deborah Messemer |
| Deborah Messemer | David Dorman |  | Deirdre Stanley (effective as of June 24, 2025) |
| David Moffett | Ann Sarnoff |  |  |
| Frank Yeary |  |  |  |

---

------

**Item 9.01. Financial Statements and Exhibits.**

(d) Exhibits

---

| | |
|:---|:---|
| **Exhibit Number** | **Exhibit Title or Description** |
| <u>[99.1](dspr.htm)</u> | Press Release dated June 24, 2025 |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

---

------

**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.** |
| | (Registrant) |
| Date: June 24, 2025 | /s/ Brian Y. Yamasaki |
| | Name: Brian Y. Yamasaki |
| | Title: Vice President, Corporate Legal and Secretary |

---

## Exhibit 99.11

**Exhibit 99.1**

**Deirdre Stanley to Join PayPal's Board of Directors**

SAN JOSE, Calif, June 24, 2025 /PRNewswire/ -- PayPal Holdings, Inc. (NASDAQ: PYPL) today announced that Deirdre Stanley has joined the company's Board of Directors. Stanley brings nearly three decades of experience as a senior executive for global organizations spanning the consumer, media, and information technology sectors. She most recently served as Executive Vice President and General Counsel of The Estée Lauder Companies, overseeing global legal strategy in the approximately 150 countries and territories where the company's products are sold.

"PayPal is a trusted brand that is reshaping the future of commerce for consumers and merchants around the world," said Alex Chriss, President and CEO, PayPal. "Deirdre brings exactly the kind of global brand-building expertise and market insight we need to accelerate our innovation agenda and deliver even more value to our customers as their needs continue to evolve."

"We are thrilled to welcome Deirdre to our Board of Directors," said Enrique Lores, Chair of PayPal's Board of Directors. "Deirdre joins the Board with extensive expertise in consumer brands, technology, risk management and compliance, and complex business transactions. She will help the Board and management team advance our strategy and expand into new areas."

"I'm honored to join PayPal's Board of Directors during this transformative period in the company's evolution," said Stanley. "PayPal's commitment to pioneering the next generation of commerce experiences while maintaining the highest standards of security and trust aligns perfectly with my values. I'm eager to contribute to the company's mission and look forward to collaborating with Alex, Enrique, and my fellow board members to drive sustainable growth."

Prior to The Estée Lauder Companies, Stanley served for 17 years as General Counsel of global news and information technology company Thomson Reuters and its predecessor company. From 1999 to 2002, Stanley held roles of increasing responsibility at InterActiveCorp/USA Networks, Inc., now IAC. During this period, she honed her business and strategic skills initially as Deputy General Counsel and later in a dual role as divisional general counsel and head of business development for the company's Electronic Commerce Solutions division. From 1997 to 1999, Stanley was Associate General Counsel for the GTE Corporation, a predecessor company to Verizon. She began her career at the law firm Cravath, Swaine and Moore.

Stanley is a director of Consolidated Edison, Inc., and a member of the Board of Trustees of the Hospital for Special Surgery and The Dalton School.

**About PayPal** <br>PayPal has been revolutionizing commerce globally for more than 25 years. Creating innovative experiences that make moving money, selling, and shopping simple, personalized, and secure, PayPal empowers consumers and businesses in approximately 200 markets to join and thrive in the global economy. For more information, visit <u>https://www.paypal.com</u>, <u>https://about.pypl.com</u>, and <u>https://investor.pypl.com</u>.

**Investor Relations Contact:** <br><u>investorrelations@paypal.com</u> 

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**Exhibit 99.1**

**Media Relations Contact:** <br><u>mediarelations@paypal.com</u> 

<br>