---
schema_version: "secwatch.filing_event.v1"
accession: "0001831631-23-000100"
form_type: "8-K"
ticker: "LDI"
cik: "0001831631"
company_name: "loanDepot, Inc."
filed_at: "2023-04-05T23:59:59+00:00"
generated_at: "2026-06-17T05:59:06.156759+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# loanDepot settles with founder Hsieh, adds director Ozonian, avoids proxy contest

## Summary
- Board temporarily expanded from 8 to 9; Steven Ozonian appointed immediately as independent director.
- Ozonian, Andrew Dodson, and Pamela Hughes Patenaude nominated for election at 2023 annual meeting.
- Hsieh withdrew his director nomination and agreed to standstill and voting support through 2024.
- Company paid Hsieh $857,000 and entered a general release as part of the settlement.
- Board to revert to 8 directors at 2024 annual meeting; Hsieh and Brian Golson to be nominated then.

## SEC filing metadata
- accession: 0001831631-23-000100
- form_type: 8-K
- ticker: LDI
- cik: 0001831631
- company_name: loanDepot, Inc.
- filed_at: 2023-04-05T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1831631/000183163123000100/0001831631-23-000100-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1831631/000183163123000100/ldi-20230404.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001831631-23-000100
- JSON: https://secwatch.observer/filing/0001831631-23-000100.json
- Plain text: https://secwatch.observer/filing/0001831631-23-000100.txt

## Key facts
- Executive change
  Steven Ozonian was appointed as independent director at loanDepot, Inc..
  - Action: appointed
  - Role: independent director
  source text: On April 4, 2023, pursuant to the terms of the Cooperation Agreement, the Board appointed Mr. Ozonian as an independent director to the Board effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1831631/000183163123000100/0001831631-23-000100-index.htm

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