secwatch.observer — SEC 8-K summary
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Issuer:     LendingClub Corp (LC)
CIK:        0001409970
Form:       8-K
Filed at:   2023-06-12T23:59:59+00:00
Accession:  0001409970-23-000045
Event type: other_material
Sentiment:  neutral
Materiality: 0.15
Item codes: 5.07
LLM model:  deepseek-v4-flash:cloud@v2

LendingClub shareholders OK directors, say-on-pay, equity plan; two charter amendments fail
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- Directors Reimann, Sanborn, and Zeisser elected as Class III directors with >64M votes each.
- Non-binding say-on-pay approved with 66.0M votes for vs 2.7M against.
- Ratification of Deloitte & Touche as auditor for FY2023 approved (84.99M for).
- Charter amendments to declassify board and remove supermajority voting failed (needed 2/3 of outstanding shares).
- 2014 Equity Incentive Plan extension to December 2028 approved (46.9M for, 21.8M against).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1409970/000140997023000045/0001409970-23-000045-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1409970/000140997023000045/lc-20230608.htm
  HTML page:      https://secwatch.observer/filing/0001409970-23-000045

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