UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
| FORM 8-K |
| CURRENT REPORT |
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 |
Date of Report (Date of earliest event reported): April 21, 2016
LendingClub Corporation (Exact name of registrant as specified in its charter) |
| Commission File Number: 001-36771 | |
| Delaware | 51-0605731 |
(State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) |
| 71 Stevenson St., Suite 300, San Francisco, CA 94105 | |
| (Address of principal executive offices and zip code) | |
(415) 632-5600 (Registrant's telephone number, including area code) | |
N/A (Former name or former address, if changed since last report) | |
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)) |
| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. | |
On April 21, 2016, LendingClub Corporation (the “Company”) announced the addition of Sameer Gulati, who will join the Company May 16, 2016 in the newly-created position of Chief Operations Officer, and the promotion of Scott Sanborn to President.
Mr. Gulati will join Lending Club from McKinsey & Company where he worked for the previous 11 years, most recently as a partner and leader of the Digital Banking practice. Mr. Gulati will have responsibility over the Company's operations and corporate strategy.
Mr. Sanborn previously served as the Company's Chief Marketing and Operating Officer. In his new role, Sanborn will oversee the Company's product lines (currently, personal loans, small business and patient and education financing) as well as marketing and product development. Mr. Sanborn will continue to oversee the Company's operations until Mr. Gulati joins the Company.
A copy of the press release announcing these changes is furnished as Exhibit 99.1 to this Form 8-K.
| Item 9.01 | Financial Statements and Exhibits | ||
| (d) | Exhibits | ||
Exhibit Number | Exhibit Title or Description | ||
| 99.1 | Press Release dated April 21, 2016 | ||
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: April 21, 2016 | By: | /s/ Carrie Dolan |
| Carrie Dolan | ||
| Chief Financial Officer | ||
| (duly authorized officer) | ||