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PayPal | 8-K: PayPal Board Adopts and Approves Executive Departure Plan and Appoints Enrique Lores as New Independent Board Chairman

PayPal | 8-K: PayPal Board Adopts and Approves Executive Departure Plan and Appoints Enrique Lores as New Independent Board Chairman

PayPal | 8-K:PayPal董事會通過和批准高管離職計劃並任命Enrique Lores爲新任獨立董事會主席
美股SEC公告 ·  07/26 05:04

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On July 23, 2024, PayPal Holdings, Inc. announced the immediate resignation of John Donahoe as Chair and member of the Board of Directors. Donahoe had held the position since PayPal became an independent public company in 2015. His departure is not due to any disagreements with the company's operations, policies, or practices. Following his resignation, the Board appointed Enrique Lores, President and CEO of HP Inc. and a Board member since June 2021, as the new Chair. Additionally, on July 24, 2024, PayPal's Compensation Committee approved amendments to the Executive Change in Control and Severance Plan, which include changes to severance triggers and payments, and adjustments to restrictive covenants to align with current laws and governance practices. These amendments are detailed in the Restated Plan, which is attached to the report as Exhibit 10.1.
On July 23, 2024, PayPal Holdings, Inc. announced the immediate resignation of John Donahoe as Chair and member of the Board of Directors. Donahoe had held the position since PayPal became an independent public company in 2015. His departure is not due to any disagreements with the company's operations, policies, or practices. Following his resignation, the Board appointed Enrique Lores, President and CEO of HP Inc. and a Board member since June 2021, as the new Chair. Additionally, on July 24, 2024, PayPal's Compensation Committee approved amendments to the Executive Change in Control and Severance Plan, which include changes to severance triggers and payments, and adjustments to restrictive covenants to align with current laws and governance practices. These amendments are detailed in the Restated Plan, which is attached to the report as Exhibit 10.1.
2024年7月23日,paypal宣佈John Donahoe立即辭去董事會主席和董事職務。自2015年paypal成爲獨立的公共公司以來,Donahoe一直擔任該職務。他的離職不是因爲與公司的運營、政策或做法有任何分歧。在他的辭職後,董事會任命惠普公司的總裁兼CEO、自2021年6月以來的董事會成員Enrique Lores爲新主席。此外,在2024年7月24日,paypal的薪酬委員會批准了對《行政變更控制和離職計劃》的修訂,包括離職觸發和支付的變更,並根據當前法律和治理實踐調整限制性契約。這些修訂在附錄10.1中詳細說明了重申計劃。
2024年7月23日,paypal宣佈John Donahoe立即辭去董事會主席和董事職務。自2015年paypal成爲獨立的公共公司以來,Donahoe一直擔任該職務。他的離職不是因爲與公司的運營、政策或做法有任何分歧。在他的辭職後,董事會任命惠普公司的總裁兼CEO、自2021年6月以來的董事會成員Enrique Lores爲新主席。此外,在2024年7月24日,paypal的薪酬委員會批准了對《行政變更控制和離職計劃》的修訂,包括離職觸發和支付的變更,並根據當前法律和治理實踐調整限制性契約。這些修訂在附錄10.1中詳細說明了重申計劃。
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