secwatch.observer — SEC 8-K summary
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Issuer:     LendingClub Corp (LC)
CIK:        0001409970
Form:       8-K
Filed at:   2022-08-02T23:59:59+00:00
Accession:  0001409970-22-000044
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

LendingClub appoints two new board directors; Patricia McCord resigns
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1409970/000140997022000044/0001409970-22-000044-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1409970/000140997022000044/lc-20220729.htm
  HTML page:      https://secwatch.observer/filing/0001409970-22-000044

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