secwatch.observer — SEC 8-K summary
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Issuer:     LendingClub Corp (LC)
CIK:        0001409970
Form:       8-K
Filed at:   2022-07-27T23:59:59+00:00
Accession:  0001409970-22-000038
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

LendingClub announces CFO transition: Tom Casey to retire, Andrew LaBenne appointed effective Sept 1, 2022
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- Tom Casey retiring as CFO and from Board effective Aug 31, 2022; will remain an employee through Jan 1, 2023.
- Andrew LaBenne appointed CFO effective Sept 1, 2022; previously CFO of Bakkt, Amalgamated Bank, JPMorgan Business Banking.
- LaBenne receives $425K base salary, 85% bonus target, $3.5M RSU (3yr vest), and $183.2K signing bonus with 24-month clawback.
- Casey's retirement is not due to any disagreement with LendingClub.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1409970/000140997022000038/0001409970-22-000038-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1409970/000140997022000038/lc-20220726.htm
  HTML page:      https://secwatch.observer/filing/0001409970-22-000038

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