secwatch / observer

LendingClub Corp — fact timeline

Source-grounded facts extracted from LendingClub Corp's SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

LC LendingClub Corp JSON
Governance Changes

LendingClub Corp: Amended and restated bylaws to reflect the corporate name change from LendingClub Corporation to Happen, Inc (effective 2026-06-22).

“The Company also amended and restated its bylaws (as amended and restated, the “Second Amended and Restated Bylaws”) to reflect the Name Change, effective as of the Effective Date.”
Governance Changes

LendingClub Corp: Changed corporate name from LendingClub Corporation to Happen, Inc. via Certificate of Amendment to the Eighth Amended and Restated Certificate of Incorporation (effective 2026-06-22).

“Effective as of June 22, 2026 (the “Effective Date”), Happen, Inc. (formerly known as LendingClub Corporation) (the “Company”) filed a Certificate of Amendment to the Company’s Eighth Amended and Restated Certificate of Incorporation (the “Certificate of Amendment”) with the Secretary of State of the State of Delaware changing the name of the corporation from “LendingClub Corporation” to “Happen, Inc.” (the “Name Change”).”
Shareholder Votes

LendingClub Corp shareholders approved Management proposal to amend and restate the Company's Eighth Amended and Restated Certificate of Incorporation to remove supermajority voting requirements at the 2026-06-02 meeting.

“5. Management Proposal to Amend and Restate the Company’s Eighth Amended and Restated Certificate of Incorporation (Supermajority Voting) Votes For Votes Against Votes Abstained Broker Non-Votes 79,546,469 285,084 16,787 12,165,826 Under the Company’s Eighth Amended and Restated Certificate of Incorporation, this proposal required the affirmative vote of the holders of at least two-thirds of all outstanding shares of the Company’s stock to pass. Based on the votes set forth above, the management proposal to amend and restate the Company’s Eighth Amended and Restated Certificate of Incorporation to remove the supermajority voting requirements to amend the Company’s governing documents was approved.”
Shareholder Votes

LendingClub Corp shareholders approved Management proposal to amend and restate the Company's Eighth Amended and Restated Certificate of Incorporation to phase in declassification of the Board of Directors at the 2026-06-02 meeting.

“4. Management Proposal to Amend and Restate the Company’s Eighth Amended and Restated Certificate of Incorporation (Declassification) Votes For Votes Against Votes Abstained Broker Non-Votes 79,600,856 227,738 19,746 12,165,826 Under the Company’s Eighth Amended and Restated Certificate of Incorporation, this proposal required the affirmative vote of the holders of at least two-thirds of all outstanding shares of the Company’s stock to pass. Based on the votes set forth above, the management proposal to amend and restate the Company’s Eighth Amended and Restated Certificate of Incorporation to phase in the declassification of the Company’s Board of Directors was approved.”
Shareholder Votes

LendingClub Corp shareholders approved Ratification of appointment of Deloitte & Touche LLP as independent registered public accounting firm at the 2026-06-02 meeting.

“3. Ratification of Appointment of Independent Registered Public Accounting Firm Votes For Votes Against Votes Abstained Broker Non-Votes 91,696,689 288,782 28,695 N/A Based on the votes set forth above, the ratification of the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2026 was approved.”
Shareholder Votes

LendingClub Corp shareholders approved Advisory vote on the compensation of the Company's named executive officers at the 2026-06-02 meeting.

“2. Advisory Vote on the Compensation of the Company’s Named Executive Officers Votes For Votes Against Votes Abstained Broker Non-Votes 76,277,173 3,432,891 138,276 12,165,826 Based on the votes set forth above, the advisory vote on the compensation of the Company’s named executive officers as set forth in the Company’s proxy statement was approved.”
Shareholder Votes

LendingClub Corp shareholders approved Election of Kathryn Reimann, Scott Sanborn and Michael Zeisser as Class III directors at the 2026-06-02 meeting.

“1. Election of Directors Nominees - Class III Directors Votes For Votes Against Votes Abstained Broker Non-Votes Kathryn Reimann 78,322,887 1,513,807 11,646 12,165,826 Scott Sanborn 78,134,719 1,702,913 10,708 12,165,826 Michael Zeisser 76,604,666 3,231,868 11,806 12,165,826 Based on the votes set forth above, each Class III director nominee was elected to serve until the 2029 Annual Meeting of Stockholders or until his or her successor has been elected and qualified or his or her earlier death, resignation or removal.”
Earnings Releases

LendingClub Corp reported financial results for first quarter ended March 31, 2026.

“On April 27, 2026, LendingClub Corporation (“LendingClub”) issued a press release (the “Earnings Press Release”) regarding its financial results for the first quarter ended March 31, 2026.”

Ronnie Momen resigned as Chief Business Officer at LendingClub Corp.

“On June 3, 2024, Ronnie Momen, the Chief Business Officer of LendingClub Corporation (the “Company”), informed the Company of his intent to resign from the Company effective as of June 14, 2024.”
Earnings Releases

LendingClub Corp reported the first quarter ended March 31, 2024 results: revenue $ 180.7, net income $ 12.3, EPS $ 0.11.

“Three Months Ended ($ in millions, except per share amounts) March 31, 2024 December 31, 2023 March 31, 2023 Total net revenue $ 180.7 $ 185.6 $ 245.7 Non-interest expense 132.2 130.0 157.3 Pre-provision net revenue (1) 48.5 55.6 88.4 Provision for credit losses 31.9 41.9 70.6 Income before income tax expense 16.5 13.7 17.8 Income tax expense (4.3) (3.5) (4.1) Net income $ 12.3 $ 10.2 $ 13.7 Diluted EPS $ 0.11 $ 0.09 $ 0.13”
Earnings Releases

LendingClub Corp reported fourth quarter and full year ended December 31, 2023 results: revenue Total net revenue of $185.6 million compared to $200.8 million in the prior quarter, net income Net income of $10.2 million, EPS diluted EPS of $0.09.

“the prior quarter as a result of increased purchases by loan investors; Marketplace originations of $1.4 billion grew 21% compared to the prior quarter. • Total net revenue of $185.6 million compared to $200.8 million in the prior quarter driven by: ◦ Marketplace revenue of $52.2 million compared to $60.9 million in the prior quarter, primarily reflecting a $10.4”
Earnings Releases

LendingClub Corp reported third quarter ended September 30, 2023 results: revenue $200.8 million, net income $5.0 million, EPS $0.05.

“Performance: • Loan originations of $1.5 billion compared to $2.0 billion in the prior quarter as a result of reduced purchases by bank loan investors. • Total net revenue of $200.8 million compared to $232.5 million in the prior quarter due to: ◦ Marketplace revenue of $60.9 million compared to $82.8 million in the prior quarter, primarily reflecting lower pricing”
Earnings Releases

LendingClub Corp reported third quarter of 2023 results: revenue $198 to $200 million, net income $4 to $5 million. Guidance reaffirmed.

“During the third quarter of 2023, the Company originated approximately $1.5 billion of loans and, based upon management's current expectations, expects revenue and net income for the third quarter within the following ranges: Third Quarter 2023 Revenue $198 to $200 million Net Income $4 to $5 million”

Brandon Pace departed as Chief Administrative Officer at LendingClub Corp.

“On October 6, 2023, as part of the Plan, the Company and its chief administrative officer, Brandon Pace, agreed to consolidate certain leadership roles within the Company’s legal department (the “Consolidation”) and thereby eliminate the chief administrative officer position as of October 19, 2023 (the “Effective Date”).”
Earnings Releases

LendingClub Corp reported the second quarter ended June 30, 2023 results: revenue $232.5 million, net income $10.1 million, EPS $0.09.

“• Loan originations of $2.0 billion compared to $2.3 billion in the prior quarter with sold loan volume up modestly, offset by reduced loan retention. • Total net revenue of $232.5 million compared to $245.7 million in the prior quarter, driven by lower marketplace revenue. ◦ Net interest income of $146.7 million remained flat from the prior quarter as higher”
Shareholder Votes

LendingClub Corp shareholders approved Management proposal to amend and restate the Company's 2014 Equity Incentive Plan to extend expiration from December 2024 to December 2028 at the 2023-06-08 meeting.

“Based on the votes set forth above, the management proposal to amend and restate the Company’s 2014 Equity Incentive Plan to extend the expiration of the 2014 Equity Incentive Plan by four years from December 2024 to December 2028 was approved.”
Shareholder Votes

LendingClub Corp shareholders rejected Management proposal to amend and restate the Company's Restated Certificate of Incorporation to remove supermajority voting requirements at the 2023-06-08 meeting.

“Based on the votes set forth above, the management proposal to amend and restate the Company’s Restated Certificate of Incorporation to remove the supermajority voting requirements to amend the Company's governing documents was not approved.”
Shareholder Votes

LendingClub Corp shareholders rejected Management proposal to amend and restate the Company's Restated Certificate of Incorporation to phase in the declassification of the Board of Directors at the 2023-06-08 meeting.

“Based on the votes set forth above, the management proposal to amend and restate the Company’s Restated Certificate of Incorporation to phase in the declassification of the Company’s Board of Directors was not approved.”
Shareholder Votes

LendingClub Corp shareholders approved Ratification of appointment of Deloitte & Touche LLP as independent registered public accounting firm for fiscal year ending December 31, 2023 at the 2023-06-08 meeting.

“Based on the votes set forth above, the ratification of the appointment of Deloitte & Touche LLP as the Company's independent registered public accounting firm for the year ending December 31, 2023 was approved.”
Shareholder Votes

LendingClub Corp shareholders approved Advisory vote on the compensation of the Company's named executive officers at the 2023-06-08 meeting.

“Based on the votes set forth above, the advisory vote on the compensation of the Company’s named executive officers as set forth in the Company’s proxy statement was approved.”
Shareholder Votes

LendingClub Corp shareholders approved Election of Kathryn Reimann, Scott Sanborn and Michael Zeisser as Class III directors to serve until the 2026 Annual Meeting at the 2023-06-08 meeting.

“Each Class III director nominee was elected to serve until the 2026 Annual Meeting of Stockholders or until her or his successor has been elected and qualified or her or his earlier death, resignation or removal.”
Earnings Releases

LendingClub Corp reported the first quarter ended March 31, 2023 results: revenue $245.7 million, net income $13.7 million, EPS $0.13.

“up 1.7% from $10.06 at December 31, 2022. Financial Performance: • Loan originations were $2.3 billion compared to $2.5 billion in the prior quarter. • Total net revenue was $245.7 million compared to $262.7 million in the prior quarter, as growth in net interest income was offset by lower marketplace revenue. ◦ Net interest income increased 8% from the prior”

Janey Whiteside was appointed as Director at LendingClub Corp.

“On April 20, 2023, the Board of Directors (the “Board”) of LendingClub Corporation (the “Company”) appointed Janey Whiteside, age 51, to the Board, effective immediately.”

Stephen Cutler was appointed as Class II Director at LendingClub Corp.

“On March 23, 2023, the Board of Directors (the “Board”) of LendingClub Corporation (the “Company”) appointed Stephen Cutler, age 61, to the Board, effective immediately.”
Earnings Releases

LendingClub Corp reported financial results for the fourth quarter and full year ended December 31, 2022.

“On January 25, 2023, LendingClub Corporation (“LendingClub”) issued a press release (the “Earnings Press Release”) regarding its financial results for the fourth quarter and full year ended December 31, 2022.”
Earnings Releases

LendingClub Corp reported Full Year 2022 results: revenue $1,185 to $1,188 million, net income $287 to $290 million.

“expects revenue and net income for the fourth quarter and full year 2022 within the following ranges: Fourth Quarter 2022 Full Year 2022 Revenue $260 to $263 million $1,185 to $1,188 million Net Income $21 to $24 million $287 to $290 million”
Earnings Releases

LendingClub Corp reported Fourth Quarter 2022 results: revenue $260 to $263 million, net income $21 to $24 million.

“expects revenue and net income for the fourth quarter and full year 2022 within the following ranges: Fourth Quarter 2022 Full Year 2022 Revenue $260 to $263 million $1,185 to $1,188 million Net Income $21 to $24 million $287 to $290 million”

Valerie Kay departed as Chief Capital Officer at LendingClub Corp.

“Accordingly, the final day of employment with the Company for the current chief capital officer, Valerie Kay, will be February 25, 2023.”

Patricia McCord resigned as Director at LendingClub Corp.

“On July 29, 2022, Patricia McCord notified the Company of her resignation, effective September 30, 2022, from the Board and all committees of the Board.”

Kathryn Reimann was appointed as Director at LendingClub Corp.

“the Board of Directors (the “Board”) of LendingClub Corporation (the “Company”) appointed Faiz Ahmad, age 50, and Kathryn Reimann, age 65, to the Board, each effective as of August 15, 2022.”

Faiz Ahmad was appointed as Director at LendingClub Corp.

“the Board of Directors (the “Board”) of LendingClub Corporation (the “Company”) appointed Faiz Ahmad, age 50, and Kathryn Reimann, age 65, to the Board, each effective as of August 15, 2022.”

Andrew LaBenne was appointed as Chief Financial Officer at LendingClub Corp.

“the Board approved the appointment of Andrew LaBenne, age 48, as the Company’s Chief Financial Officer effective September 1, 2022.”

Thomas Casey resigned as Director at LendingClub Corp.

“Thomas Casey notified LendingClub Corporation (the “Company”) of his intention to: (i) retire from his role as Chief Financial Officer at the Company and (ii) resign from his position on the Company's Board of Directors (the “Board”), each effective August 31, 2022.”

Thomas Casey retired as Chief Financial Officer at LendingClub Corp.

“Thomas Casey notified LendingClub Corporation (the “Company”) of his intention to: (i) retire from his role as Chief Financial Officer at the Company and (ii) resign from his position on the Company's Board of Directors (the “Board”), each effective August 31, 2022.”

Susan Athey departed as Director at LendingClub Corp.

“On April 13, 2022, Susan Athey notified LendingClub Corporation (the “Company”) of her intention to not stand for re-election to the Company’s Board of Directors (the “Board”) at the Company’s 2022 annual meeting of stockholders on June 2, 2022 (the “2022 Annual Meeting”).”

Adrienne Harris resigned as Director at LendingClub Corp.

“On September 11, 2021, in connection with her nomination to serve as superintendent of the New York State Department of Financial Services, Adrienne Harris notified LendingClub Corporation (the “Company”) of her resignation, effective as of September 12, 2021, from the Company’s Board of Directors (the “Board”) and all committees of the Board.”

Adrienne Harris was appointed as Director at LendingClub Corp.

“On July 15, 2021, the Board of Directors (the "Board") of LendingClub Corporation (the "Company") appointed Adrienne Harris, age 39, to the Board effective as of July 29, 2021.”

Bahman Koohestani was terminated as other_named_officer at LendingClub Corp.

“On July 6, 2021, LendingClub Corporation (including its subsidiaries and affiliates, the “Company”) and Bahman Koohestani agreed upon the terms of his termination of employment by the Company without cause.”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.