secwatch.observer — SEC 8-K summary
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Issuer:     loanDepot, Inc. (LDI)
CIK:        0001831631
Form:       8-K
Filed at:   2023-04-05T23:59:59+00:00
Accession:  0001831631-23-000100
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1831631/000183163123000100/0001831631-23-000100-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1831631/000183163123000100/ldi-20230404.htm
  HTML page:      https://secwatch.observer/filing/0001831631-23-000100

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