Summary
This filing is an Amendment No. 1 to eBay Inc.'s Annual Report on Form 10-K for the fiscal year ended December 31, 2019. The primary purpose of this amendment is to include Part III information, which was initially omitted in reliance on a proxy statement filing that will not be made within the prescribed timeframe. The amendment does not update disclosures for events occurring after the original filing date of January 31, 2020, except for the Part III information. Key sections of Part III, including Directors, Executive Officers, Corporate Governance, Executive Compensation, Security Ownership, Certain Relationships, and Principal Accounting Fees, are now included. This provides investors with a more complete picture of the company's leadership, compensation structures, and governance practices as of the filing date of the original 10-K. Notably, the filing details the composition and qualifications of the Board of Directors and the executive officer team, alongside the compensation philosophy and structure for Named Executive Officers (NEOs) in 2019.
Financial Highlights
59 data points| Revenue | $7.43B |
| Cost of Revenue | $1.58B |
| Gross Profit | $5.84B |
| R&D Expenses | $930.00M |
| Operating Expenses | $4.07B |
| Operating Income | $1.77B |
| Interest Expense | $311.00M |
| Net Income | $1.79B |
| EPS (Basic) | $2.10 |
| EPS (Diluted) | $2.09 |
| Shares Outstanding (Basic) | 849.00M |
| Shares Outstanding (Diluted) | 856.00M |
Key Highlights
- 1This filing is an amendment (10-K/A) to the original 2019 10-K, primarily to include Part III information (Items 10-14).
- 2The Part III information reflects the company's governance, executive compensation, security ownership, and related matters as of the original filing date (January 31, 2020), with no updates for subsequent events.
- 3The Board of Directors comprises fifteen members, with a focus on individuals possessing diverse experience in technology, e-commerce, finance, and management.
- 4Key executive officers are detailed, including the appointment of Jamie Iannone as President and CEO in April 2020.
- 5Executive compensation is heavily weighted towards performance-based equity (PBRSUs) and annual cash incentives, aiming to align executive interests with long-term stockholder value.
- 6The company's compensation consultant, Pay Governance LLC, is independent and has been assessed for conflicts of interest.
- 7Director compensation includes a mix of cash retainers and equity awards (RSUs), with additional compensation for committee chairs and the Board Chairman.