EBAY INC

The proposal requests that the company amend its governing documents to permit holders of a combined 10% of outstanding common stock (or the lowest percentage permitted by law) to call a special shareholder meeting, and to remove unnecessary requirements such as share holding period and record-holder status. The proponent asks that special meetings be allowed to convene online and that no discriminatory "poison pill" rules prevent participation. The supporting statement argues that the current 20% threshold is excessively high and has rendered the right effectively unusable, noting that similar proposals have received over 47% support at eBay in prior years. The proponent also contends that lowering the threshold would make the special meeting mechanism meaningful for addressing urgent stockholder concerns.