LendingClub appoints two new board directors; Patricia McCord resigns

LendingClub Corp

Appointed Faiz Ahmad (former CEO Direct to Consumer at Optum) and Kathryn Reimann (former CCO at CitiBank) to Board, effective Aug 15, 2022.
Patricia McCord will resign from Board effective Sep 30, 2022; resignation not due to any disagreement with the company.
Ahmad to serve on Compensation, Nominating & Governance, and Operational Risk committees.
Reimann to serve on Audit, Credit Risk & Finance, and Operational Risk committees.
Both new directors will receive pro-rata cash retainer and RSU grant under non-employee director compensation policy.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Kathryn Reimann

Director

LC · LendingClub Corp

Effective: 2022-08-15
Filed: August 2, 2022, 7:59 PM ET

the Board of Directors (the “Board”) of LendingClub Corporation (the “Company”) appointed Faiz Ahmad, age 50, and Kathryn Reimann, age 65, to the Board, each effective as of August 15, 2022.

Departed

Patricia McCord

Director

LC · LendingClub Corp

Effective: 2022-09-30
Filed: August 2, 2022, 7:59 PM ET

On July 29, 2022, Patricia McCord notified the Company of her resignation, effective September 30, 2022, from the Board and all committees of the Board.

Appointed

Faiz Ahmad

Director

LC · LendingClub Corp

Effective: 2022-08-15
Filed: August 2, 2022, 7:59 PM ET

the Board of Directors (the “Board”) of LendingClub Corporation (the “Company”) appointed Faiz Ahmad, age 50, and Kathryn Reimann, age 65, to the Board, each effective as of August 15, 2022.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Kathryn Reimann was appointed as Director at LendingClub Corp.

Action: appointed
Role: Director

Exact text from the filing

the Board of Directors (the “Board”) of LendingClub Corporation (the “Company”) appointed Faiz Ahmad, age 50, and Kathryn Reimann, age 65, to the Board, each effective as of August 15, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Patricia McCord resigned as Director at LendingClub Corp.

Action: resigned
Role: Director

Exact text from the filing

On July 29, 2022, Patricia McCord notified the Company of her resignation, effective September 30, 2022, from the Board and all committees of the Board.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Faiz Ahmad was appointed as Director at LendingClub Corp.

Action: appointed
Role: Director

Exact text from the filing

the Board of Directors (the “Board”) of LendingClub Corporation (the “Company”) appointed Faiz Ahmad, age 50, and Kathryn Reimann, age 65, to the Board, each effective as of August 15, 2022.

View on SEC.gov

LendingClub Corp filing history →

Source: SEC EDGAR

accession 0001409970-22-000044

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