loanDepot appoints Frank Martell as President and CEO; founder Anthony Hsieh becomes Executive Chairman

loanDepot, Inc.

Frank Martell appointed President and CEO effective Apr 27, 2022; base salary $800k, target bonus 225% of base.
Equity grants to Martell: 1M RSUs, 3M PSUs, and options to purchase 1M shares under new Inducement Plan.
Founder Anthony Hsieh named Executive Chairman; base salary $850k for 2022 then $350k; target bonus 250% for 2022.
Director changes: Mike Linton resigns, John Lee appointed Class I director; John Dorman steps down as Lead Independent Director.
Board adopted 2022 Inducement Plan reserving 5M shares for equity awards as inducement to new employees.

item 1.01 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Anthony Hsieh

Executive Chairman

LDI · loanDepot, Inc.

Effective: 2022-04-27
Filed: April 26, 2022, 7:59 PM ET

Mr. Hsieh was appointed Executive Chairman of the Company, effective April 27, 2022.

Appointed

Frank Martell

President and Chief Executive Officer

LDI · loanDepot, Inc.

Effective: 2022-04-27
Successor: Anthony Hsieh
Filed: April 26, 2022, 7:59 PM ET

the Company announced the appointment of Frank Martell as the Company’s President and Chief Executive Officer, effective April 27, 2022.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Anthony Hsieh was appointed as Executive Chairman at loanDepot, Inc..

Action: appointed
Role: Executive Chairman

Exact text from the filing

Mr. Hsieh was appointed Executive Chairman of the Company, effective April 27, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Frank Martell was appointed as President and Chief Executive Officer at loanDepot, Inc..

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

the Company announced the appointment of Frank Martell as the Company’s President and Chief Executive Officer, effective April 27, 2022.

View on SEC.gov

loanDepot, Inc. filing history →

Source: SEC EDGAR

accession 0001831631-22-000098

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