Summary
eBay Inc. filed an 8-K on June 8, 2015, primarily to disclose investor presentations related to upcoming meetings. These presentations, attached as Exhibits 99.1 and 99.2, concern eBay and PayPal Holdings respectively. The filings indicate that the separation of PayPal from eBay was a significant event being discussed with investors. The presentations include non-GAAP financial measures, specifically free cash flow, and contain forward-looking statements regarding the future financial performance and operations of both eBay and PayPal.
Key Highlights
- 1Disclosure of investor presentations for upcoming meetings on June 8, 2015.
- 2Presentations cover both eBay Inc. and the then-separate PayPal Holdings, Inc.
- 3The separation of PayPal from eBay is a key theme discussed in the presentations.
- 4Inclusion of non-GAAP financial measures, specifically 'free cash flow', in the presentations.
- 5Presentations contain forward-looking statements and projections for both companies.
- 6Information furnished is not deemed 'filed' for Section 18 purposes and is not incorporated by reference into other filings.
- 7A disclaimer regarding the reliance on forward-looking statements and eBay's (and PayPal's) assumption of no obligation to update them.
Frequently Asked Questions
The main purpose of this 8-K filing is to provide investors and analysts with presentations (Exhibits 99.1 and 99.2) that were to be used at meetings starting June 8, 2015. These presentations discuss eBay Inc. and PayPal Holdings, Inc., particularly in the context of their impending separation.
The presentations include non-GAAP financial measures, such as 'free cash flow,' which should be reviewed alongside GAAP information. Investors should also pay attention to the forward-looking statements and projections provided for both eBay and PayPal's future operations and financial performance.
This filing indicates that eBay and PayPal were distinct entities or in the process of separating. The investor presentations were created for both eBay Inc. and PayPal Holdings, suggesting discussions about the strategic implications and financial outlook of this separation.
The information in this 8-K, including the attached presentations, is furnished and not deemed 'filed' for the purposes of Section 18 of the Securities Exchange Act of 1934. Therefore, it is not automatically incorporated by reference into other SEC filings unless expressly stated.