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8-K

LendingClub Corp (LC)

8-K 2023-06-12 For: 2023-06-08
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Added on April 11, 2026

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549FORM8-KCURRENT REPORTPursuant to Section 13 or 15(d)of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): June 8, 2023

LendingClub Corporation
(Exact name of registrant as specified in its charter)

Commission File Number: 001-36771

Delaware 51-0605731
(State or other jurisdiction of<br>incorporation or organization) (I.R.S. Employer<br>Identification No.) 595 Market Street, Suite 200,
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San Francisco, CA 94105
(Address of principal executive offices and zip code)

Registrant’s telephone number, including area code: 415 632-5600

Former name or former address, if changed since last report: N/A

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol Name of each exchange on which registered
Common stock, par value $0.01 per share LC New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item 5.07 Submission of Matters to a Vote of Security Holders.
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On June 8, 2023, the Company convened its annual meeting of stockholders (the “Annual Meeting”). Present at the Annual Meeting in person or by proxy were holders of 85,126,502 shares of common stock, representing 79.21% of the shares of common stock outstanding and entitled to vote as of April 11, 2023, the record date for the Annual Meeting, and constituting a quorum for the transaction of business.

The stockholders of the Company voted on the following proposals at the Annual Meeting:

  1. The election of Kathryn Reimann, Scott Sanborn and Michael Zeisser as Class III directors each 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.

  2. The approval, on a non-binding advisory basis, of the compensation of the Company’s named executive officers as set forth in the Company’s proxy statement.

  3. The ratification of the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023.

  4. The approval of a 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.

  5. The approval of a 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.

6.    The approval of a 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.

For more information about the proposals, see the Company’s proxy statement dated April 27, 2023. The final results for each of the proposals submitted to a vote at the Annual Meeting are as follows:

1.Election of Directors

Nominees - Class III Directors Votes For Votes Against Votes Abstained Broker <br>Non-Votes
Kathryn Reimann 68,339,727 397,358 109,942 16,279,475
Scott Sanborn 67,888,816 884,169 74,042 16,279,475
Michael Zeisser 64,722,059 4,035,220 89,748 16,279,475

Based on the votes set forth above, 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.

2.Advisory Vote on the Compensation of the Company’s Named Executive Officers

Votes For Votes Against Votes Abstained Broker Non-Votes
66,005,031 2,652,686 189,310 16,279,475

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.

3.Ratification of Appointment of Independent Registered Public Accounting Firm

Votes For Votes Against Votes Abstained Broker Non-Votes
84,991,875 71,884 62,743 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, 2023 was approved.

4.Management Proposal to Amend and Restate the Company’s Restated Certificate of Incorporation (Declassification)

Votes For Votes Against Votes Abstained Broker Non-Votes
68,616,650 80,138 150,239 16,279,475

Under the Company's 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 Restated Certificate of Incorporation to phase in the declassification of the Company’s Board of Directors was not approved.

5.Management Proposal to Amend and Restate the Company’s Restated Certificate of Incorporation (Supermajority Voting Requirements)

Votes For Votes Against Votes Abstained Broker Non-Votes
68,543,661 150,256 153,110 16,279,475

Under the Company’s 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 Restated Certificate of Incorporation to remove the supermajority voting requirements to amend the Company's governing documents was not approved.

6.Management Proposal to Amend and Restate the Company’s 2014 Equity Incentive Plan

Votes For Votes Against Votes Abstained Broker Non-Votes
46,908,055 21,767,167 171,805 16,279,475

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.

SIGNATURE(S)

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

LendingClub Corporation
Date: June 12, 2023 By: /s/ Brandon Pace
Brandon Pace
Chief Administrative Officer and Secretary
(duly authorized officer)