LendingClub shareholders reject board declassification and supermajority removal

LendingClub Corp

Director nominees Cutler, Morris, Selleck, Whiteside elected with over 65M votes each; 73.44% quorum.
Advisory say-on-pay passed 63.6M for vs 3.1M against; Deloitte ratifications passed 83.4M for.
Board declassification proposal failed: 66.2M for but needed 2/3 of all outstanding shares (about 76M).
Supermajority voting removal proposal also failed: 66.2M for, short of the required two-thirds threshold.
Both governance amendments required affirmative vote of at least two-thirds of all outstanding shares.

item 5.07

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