---
schema_version: "secwatch.filing_event.v1"
accession: "0001409970-22-000044"
form_type: "8-K"
ticker: "LC"
cik: "0001409970"
company_name: "LendingClub Corp"
filed_at: "2022-08-02T23:59:59+00:00"
generated_at: "2026-06-24T05:49:02.037999+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# LendingClub appoints two new board directors; Patricia McCord resigns

## Summary
- 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.

## SEC filing metadata
- accession: 0001409970-22-000044
- form_type: 8-K
- ticker: LC
- cik: 0001409970
- company_name: LendingClub Corp
- filed_at: 2022-08-02T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1409970/000140997022000044/0001409970-22-000044-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1409970/000140997022000044/lc-20220729.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001409970-22-000044
- JSON: https://secwatch.observer/filing/0001409970-22-000044.json
- Plain text: https://secwatch.observer/filing/0001409970-22-000044.txt

## Key facts
- Executive change
  Kathryn Reimann was appointed as Director at LendingClub Corp.
  - Action: appointed
  - Role: Director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1409970/000140997022000044/0001409970-22-000044-index.htm
- Executive change
  Patricia McCord resigned as Director at LendingClub Corp.
  - Action: resigned
  - Role: Director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1409970/000140997022000044/0001409970-22-000044-index.htm
- Executive change
  Faiz Ahmad was appointed as Director at LendingClub Corp.
  - Action: appointed
  - Role: Director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1409970/000140997022000044/0001409970-22-000044-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.