loanDepot CEO Frank Martell to step down; founder Hsieh returns as Executive Chairman of Mortgage Originations

loanDepot, Inc.

CEO Martell resigns effective June 4, 2025 or annual meeting; will serve as Board advisor with $75k annual consulting fee and RSU grant.
Founder Anthony Hsieh appointed Executive Chairman of Mortgage Originations effective March 6, 2025; base salary $1, plus $75k monthly expense allowance.
If no permanent CEO by June 4, Hsieh will serve as interim CEO; Hsieh also receives 1.5M PSUs at $3/$5/$7 stock price hurdles.
Board reduced from 8 to 7 directors; Martell departs Board; Dawn Lepore and John Lee nominated as Class I directors at 2025 annual meeting.
A&R Cooperation Agreement with Hsieh stockholders reinstates standstill and voting provisions until 30 days before 2026 nomination deadline.

item 1.01 item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Anthony Hsieh

Executive Chairman, Mortgage Operations

LDI · loanDepot, Inc.

Effective: 2025-03-06
Filed: March 6, 2025, 6:59 PM ET

on March 3, 2025, the Board appointed Mr. Hsieh, who currently serves as Chair of the Board, to an executive officer position of Executive Chairman, Mortgage Operations, of the Company, effective as of March 6, 2025.

Departed

Frank Martell

President and Chief Executive Officer

LDI · loanDepot, Inc.

Filed: March 6, 2025, 6:59 PM ET

On March 3, 2025, the Board approved the transition and resignation of Frank Martell, the Company’s President and Chief Executive Officer (“CEO”).

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Anthony Hsieh was appointed as Executive Chairman, Mortgage Operations at loanDepot, Inc..

Action: appointed
Role: Executive Chairman, Mortgage Operations

Exact text from the filing

on March 3, 2025, the Board appointed Mr. Hsieh, who currently serves as Chair of the Board, to an executive officer position of Executive Chairman, Mortgage Operations, of the Company, effective as of March 6, 2025.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Frank Martell resigned as President and Chief Executive Officer at loanDepot, Inc..

Action: resigned
Role: President and Chief Executive Officer

Exact text from the filing

On March 3, 2025, the Board approved the transition and resignation of Frank Martell, the Company’s President and Chief Executive Officer (“CEO”).

View on SEC.gov

loanDepot, Inc. filing history →

Source: SEC EDGAR

accession 0001140361-25-007425

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.