PayPal Holdings Files Definitive Proxy Statement with Securities and Exchange Commission

Published: 2026-05-08 17:16:00 ET PYPL

Published on 05/08/2026 at 05:16 pm EDT

On May 8, 2026, PayPal Holdings, Inc. filed a definitive proxy statement with the Securities and Exchange Commission, stating that it has received a shareholder proposal from John Chevedden regarding a proposal on reduction in threshold to call a special meeting. In addition, the Company stated that its stockholders already have a meaningful and appropriate right to call a special meeting at a 20% ownership threshold, and a 10% ownership threshold is too low and could allow a small minority of stockholders to advance narrow or short-term interests that might not be shared by Company broader stockholder base, Company current robust corporate governance policies and practices protect the best interests of all stockholders, Company's current stockholder special meeting right reflects broader market practice, and recommending the shareholders to vote against the shareholder proposal at the 2026 annual meeting of shareholders.