---
schema_version: "secwatch.filing_event.v1"
accession: "0001409970-24-000034"
form_type: "8-K"
ticker: "LC"
cik: "0001409970"
company_name: "LendingClub Corp"
filed_at: "2024-06-12T23:59:59+00:00"
generated_at: "2026-06-01T04:48:40.140361+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.15
confidence: "high"
source: SEC EDGAR
---

# LendingClub holders reject board declassification and supermajority removal proposals

## Summary
- Elected directors Syed Faiz Ahmad, Allan Landon, Timothy Mayopoulos with >97% of votes cast.
- Advisory say-on-pay passed with ~67.6M for vs 704k against; ratification of Deloitte approved.
- Declassification proposal needed 2/3 of all outstanding shares; received 66.8M for (60.1% of outstanding), failed.
- Supermajority removal also failed (66.7M for ~60.0% of outstanding); officer exculpation and ESPP extension passed.

## SEC filing metadata
- accession: 0001409970-24-000034
- form_type: 8-K
- ticker: LC
- cik: 0001409970
- company_name: LendingClub Corp
- filed_at: 2024-06-12T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.15
- confidence: high
- sec_items: 5.07
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1409970/000140997024000034/0001409970-24-000034-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1409970/000140997024000034/lc-20240611.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001409970-24-000034
- JSON: https://secwatch.observer/filing/0001409970-24-000034.json
- Plain text: https://secwatch.observer/filing/0001409970-24-000034.txt

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