---
schema_version: "secwatch.filing_event.v1"
accession: "0001409970-25-000022"
form_type: "8-K"
ticker: "LC"
cik: "0001409970"
company_name: "LendingClub Corp"
filed_at: "2025-06-05T23:59:59+00:00"
generated_at: "2026-05-19T21:40:31.333544+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.15
confidence: "high"
source: SEC EDGAR
---

# LendingClub shareholders reject board declassification and supermajority removal

## Summary
- 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.

## SEC filing metadata
- accession: 0001409970-25-000022
- form_type: 8-K
- ticker: LC
- cik: 0001409970
- company_name: LendingClub Corp
- filed_at: 2025-06-05T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.15
- confidence: high
- sec_items: 5.07
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1409970/000140997025000022/0001409970-25-000022-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1409970/000140997025000022/lc-20250603.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001409970-25-000022
- JSON: https://secwatch.observer/filing/0001409970-25-000022.json
- Plain text: https://secwatch.observer/filing/0001409970-25-000022.txt

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