---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-25-007425"
form_type: "8-K"
ticker: "LDI"
cik: "0001831631"
company_name: "loanDepot, Inc."
filed_at: "2025-03-06T23:59:59+00:00"
generated_at: "2026-05-25T07:22:49.319621+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001140361-25-007425
- form_type: 8-K
- ticker: LDI
- cik: 0001831631
- company_name: loanDepot, Inc.
- filed_at: 2025-03-06T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1831631/000114036125007425/0001140361-25-007425-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1831631/000114036125007425/ef20044999_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-25-007425
- JSON: https://secwatch.observer/filing/0001140361-25-007425.json
- Plain text: https://secwatch.observer/filing/0001140361-25-007425.txt

## Key facts
- Executive change
  Anthony Hsieh was appointed as Executive Chairman, Mortgage Operations at loanDepot, Inc..
  - Action: appointed
  - Role: Executive Chairman, Mortgage Operations
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1831631/000114036125007425/0001140361-25-007425-index.htm
- Executive change
  Frank Martell resigned as President and Chief Executive Officer at loanDepot, Inc..
  - Action: resigned
  - Role: President and Chief Executive Officer
  source text: On March 3, 2025, the Board approved the transition and resignation of Frank Martell, the Company’s President and Chief Executive Officer (“CEO”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1831631/000114036125007425/0001140361-25-007425-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.