LendingClub officer Bahman Koohestani to depart; termination without cause, separation date Sept 1, 2021

LendingClub Corp

Bahman Koohestani's employment terminates without cause; final day September 1, 2021.
Entitled to previously negotiated severance per employment agreement, subject to release execution.
Severance terms detailed in LendingClub's April 20, 2021 proxy statement.

item 5.02

Executive movements

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Departed

Bahman Koohestani

Other Named Officer

LC · LendingClub Corp

Effective: 2021-09-01
Filed: July 7, 2021, 7:59 PM ET

On July 6, 2021, LendingClub Corporation (including its subsidiaries and affiliates, the “Company”) and Bahman Koohestani agreed upon the terms of his termination of employment by the Company without cause.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.85

Bahman Koohestani was terminated as other_named_officer at LendingClub Corp.

Action: terminated

Exact text from the filing

On July 6, 2021, LendingClub Corporation (including its subsidiaries and affiliates, the “Company”) and Bahman Koohestani agreed upon the terms of his termination of employment by the Company without cause.

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LendingClub Corp filing history →

Source: SEC EDGAR

accession 0001409970-21-000043

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