PayPal Holdings, Inc. Announces 2022 Annual Meeting Results

Strategic Insights -

At the 2022 Annual Meeting of Stockholders of PayPal Holdings, Inc. held on June 2, 2022, the stockholders approved various proposals, including the election of 12 directors, advisory votes to approve named executive officer compensation, and the ratification of the appointment of PricewaterhouseCoopers LLP as the company's independent auditor for 2022. The meeting results reflect the continued trust and support of the company's stakeholders.

Key Takeaways:

  • All 12 director nominees were elected to the Board, with Rodney C. Adkins receiving the highest number of votes at 90.46%.
  • The proposal to approve named executive officer compensation was approved with 88.35% of the votes cast in favor.
  • The advisory vote on the frequency of the stockholder advisory vote to approve named executive officer compensation was approved, with 99.05% of the votes cast in favor of holding the vote every year.
  • The appointment of PricewaterhouseCoopers LLP as the company's independent auditor for 2022 was ratified with 93.85% of the votes cast in favor.
  • The stockholder proposal to improve special shareholder meetings was not approved, with only 47.03% of the votes cast in favor.

Statistics:

  • 12 director nominees were elected to the Board, with an average of 95.35% of the votes cast in their favor.
  • 774,628,629 shares were voted in favor of the proposal to approve named executive officer compensation, representing 98.86% of the total shares voted.
  • 773,597,110 shares were voted in favor of holding the advisory vote on executive compensation every year, representing 99.05% of the total shares voted.
  • 867,916,636 shares were voted in favor of ratifying the appointment of PricewaterhouseCoopers LLP as the company's independent auditor for 2022, representing 93.85% of the total shares voted.

Sources:

  • PayPal Holdings, Inc. (2022) - FORM 8-K CURRENT REPORT. UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549.