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): June 1, 2011
LendingClub
Corporation
(Exact name of registrant as
specified in its charter)
| Delaware | 333-151827 | 51-0605731 | ||
| (State or other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
| 71 Stevenson St, 3rd Fl., San
Francisco CA 94115 |
94063 | |
| (Address of Principal Executive Offices) | (Zip Code) |
Registrant’s telephone number, including area code: (650) 482.5232
| Not
applicable. |
| (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:
o Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
o Soliciting material pursuant
to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule
14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule
13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
| Item 1.01 | Entry into a Material Definitive Agreement. |
On June 1, 2011, LendingClub Corporation retained Ms. Chaomei Chen to serve as the Company’s Chief Risk Officer. In connection with her employment, Ms. Chen will be paid $250,000 annually, with a potential bonus of up to $150,000. In addition, Ms. Chen will be granted an option for 668,121 shares of the Company’s common stock, to vest over four years pursuant to the company’s 2007 incentive stock option plan.
| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers |
The information in Item 1.01 is incorporated by reference into this section.
SIGNATURES
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
June 2, 2011
By: /s/ Carrie
Dolan
Carrie Dolan
Chief Financial Officer
(duly authorized officer)