---
schema_version: "secwatch.filing_event.v1"
accession: "0001831631-22-000098"
form_type: "8-K"
ticker: "LDI"
cik: "0001831631"
company_name: "loanDepot, Inc."
filed_at: "2022-04-26T23:59:59+00:00"
generated_at: "2026-06-26T04:45:27.658468+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001831631-22-000098
- form_type: 8-K
- ticker: LDI
- cik: 0001831631
- company_name: loanDepot, Inc.
- filed_at: 2022-04-26T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1831631/000183163122000098/0001831631-22-000098-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1831631/000183163122000098/ldi-20220420.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001831631-22-000098
- JSON: https://secwatch.observer/filing/0001831631-22-000098.json
- Plain text: https://secwatch.observer/filing/0001831631-22-000098.txt

## Key facts
- Executive change
  Anthony Hsieh was appointed as Executive Chairman at loanDepot, Inc..
  - Action: appointed
  - Role: Executive Chairman
  source text: Mr. Hsieh was appointed Executive Chairman of the Company, effective April 27, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1831631/000183163122000098/0001831631-22-000098-index.htm
- Executive change
  Frank Martell was appointed as President and Chief Executive Officer at loanDepot, Inc..
  - Action: appointed
  - Role: President and Chief Executive Officer
  source text: the Company announced the appointment of Frank Martell as the Company’s President and Chief Executive Officer, effective April 27, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1831631/000183163122000098/0001831631-22-000098-index.htm

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