secwatch.observer — SEC 8-K summary
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Issuer:     loanDepot, Inc. (LDI)
CIK:        0001831631
Form:       8-K
Filed at:   2022-04-26T23:59:59+00:00
Accession:  0001831631-22-000098
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1831631/000183163122000098/0001831631-22-000098-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1831631/000183163122000098/ldi-20220420.htm
  HTML page:      https://secwatch.observer/filing/0001831631-22-000098

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