secwatch.observer — SEC 8-K summary
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Issuer:     loanDepot, Inc. (LDI)
CIK:        0001831631
Form:       8-K
Filed at:   2025-03-06T23:59:59+00:00
Accession:  0001140361-25-007425
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1831631/000114036125007425/0001140361-25-007425-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1831631/000114036125007425/ef20044999_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-25-007425

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