secwatch.observer — SEC 8-K summary
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Issuer:     LendingClub Corp (LC)
CIK:        0001409970
Form:       8-K
Filed at:   2021-07-07T23:59:59+00:00
Accession:  0001409970-21-000043
Event type: leadership
Sentiment:  negative
Materiality: 0.40
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1409970/000140997021000043/0001409970-21-000043-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1409970/000140997021000043/lc-20210706.htm
  HTML page:      https://secwatch.observer/filing/0001409970-21-000043

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer