eBay Inc.
EBAY INC (Form: 8-K, Received: 08/21/2017 07:25:55)



    

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) August 15, 2017
eBay Inc.
(Exact name of registrant as specified in its charter)

Delaware
001-37713
77-0430924
(State or other jurisdiction
(Commission File Number)
(I.R.S. Employer
of incorporation)
 
Identification No.)

2025 Hamilton Avenue
San Jose, California 95125
(Address of principal executive offices)

(408) 376-7400
(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:

¨      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))

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 5.02. Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers

On August 21, 2017, eBay Inc. (the “Company”) announced that Harry (“Hal”) Lawton, Senior Vice President, North America is leaving the Company. Mr. Lawton submitted his resignation on August 15, 2017.

On August 21, 2017, the Company issued a press release announcing the appointment of Scott Cutler as Senior Vice President, Americas, Jay Lee as Senior Vice President, EMEA and Jooman Park as Senior Vice President, APAC. A copy of the press release is attached hereto as Exhibit 99.1.

Item 9.01.   Financial Statements and Exhibits

(d) Exhibits.

The following exhibit is furnished with this report:
Exhibit
No.
Description
99.1
Press release dated August 21, 2017.






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, thereunto duly authorized.

 
eBay Inc.
 
(Registrant)
 
 
 
Date: August 21, 2017
/s/ Kathryn W. Hall
 
Name: Kathryn W. Hall
 
Title: Vice President, Legal, Deputy General Counsel & Assistant Secretary
 
 
 
 
 
 






EXHIBIT INDEX
Exhibit
No.
Description
99.1
Press release dated August 21, 2017.






Exhibit 99.1
EBAYNOTMA02.JPG
 
eBay Announces Changes to its Regional Leadership Team
 
August 21, 2017 - eBay Inc. (NASDAQ: EBAY), a global commerce leader, has appointed Scott Cutler, Jay Lee and Jooman Park to new regional leadership roles. Mr. Cutler has been promoted to Senior Vice President, Americas, for eBay’s Marketplace business and will continue to serve as head of StubHub while the company searches for a new leader. Mr. Lee has been appointed Senior Vice President, EMEA, and Mr. Park has been promoted to Senior Vice President, APAC, for eBay’s Marketplace business. These executives have over 30 years of combined experience at eBay.
 
Hal Lawton, who has been with eBay since 2015, is leaving the company to take on a senior leadership role at another company. 
 
"Scott, Jay and Jooman are seasoned leaders with great track records. They will continue to focus on accelerating our core business and driving eBay's competitive advantages as a global commerce leader," said Devin Wenig, President and CEO of eBay Inc.  "We thank Hal for his contributions and wish him success going forward.”
 
About Scott Cutler
Mr. Cutler is a seasoned executive with extensive global business experience and a belief in the transformative power of technology. His extensive leadership experience combined with the strong management team that he will lead positions us well to execute our strategic plans.

Mr. Cutler joined eBay in 2015 after nine years as an Executive Vice President at the New York Stock Exchange, one of the world's largest financial marketplaces. He brought with him tremendous experience operating a technology-enabled marketplace at scale and managing a complex network of customers, partners and influencers. Prior to his career at the NYSE, Mr. Cutler spent several years in investment banking focused on the software and Internet industries. He started his career as a corporate securities lawyer. Mr. Cutler has a BS degree from Brigham Young University and a JD degree from the University of California, Hastings College of Law. 

About Jay Lee
Mr. Lee joined eBay in 2002 and has been guiding the growth of eBay’s portfolio of assets in Asia Pacific. He built market leading positions in Korea, via our Gmarket and Auction marketplaces, and in Australia via  eBay.com.au . He pioneered online cross border exports from China-based sellers to eBay’s global consumer base, which has evolved into a significant channel for entrepreneurs and businesses across Asia. Previously, Mr. Lee was CEO of Korea Thrunet Co. Ltd, a NASDAQ-listed broadband Internet service company. He has a BA degree from Brown University and an MBA from Harvard University Graduate School of Business Administration.
 
About Jooman Park
Mr. Park joined eBay in 2002, rising to become General Manager of eBay Korea. After guiding eBay’s business in Korea for eight years, Mr. Park transitioned to lead eBay Australia in 2013, bringing to the market a focus on collaboration and partnership to enable growth in the local retail industry. He graduated with a BS from Korea University and obtained his MBA from University of Pennsylvania’s Wharton School of Business. 







About eBay Inc.
eBay Inc. (NASDAQ: EBAY) is a global commerce leader including the Marketplace, StubHub and Classifieds platforms. Collectively, we connect millions of buyers and sellers around the world, empowering people and creating opportunity through Connected Commerce. Founded in 1995 in San Jose, Calif., eBay is one of the world's largest and most vibrant marketplaces for discovering great value and unique selection. In 2016, eBay enabled $84 billion of gross merchandise volume. For more information about the company and its global portfolio of online brands, visit  www.ebayinc.com .



Media Contact
Abby Smith
abismith@ebay.com
   
Investor Relations Contact
Selim Freiha
ir@ebay.com