LendingClub Corporation (NYSE:LC) Files An 8-K Submission of Matters to a Vote of Security Holders

Broker Non-Votes

ME Staff 8-k

8 years ago

LendingClub Corporation (NYSE:LC) Files An 8-K Submission of Matters to a Vote of Security Holders

Item 5.07

Submission of Matters to a Vote of Security Holders.

On June 6, 2017, LendingClub Corporation (the Company) reconvened
its annual meeting of stockholders (the Annual Meeting). Present
at the Annual Meeting in person or by proxy were holders of
313,460,225 shares of common stock, representing 77.7% of the
shares of common stock outstanding and entitled to vote as of
April 10, 2017, the record date for the Annual Meeting, and
constituting a quorum for the transaction of business.

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


1.	Stockholders elected Scott Sanborn, Lawrence Summers and Simon Williams as Class III directors each to serve until the 2020 Annual Meeting or until his successor has been elected and qualified or his earlier death, resignation or removal.


2.	Stockholders approved, on a non-binding advisory basis, the compensation of the Companys named executive officers.


3.	Stockholders ratified the appointment of Deloitte Touche LLP as the Companys independent registered public accounting firm for the fiscal year ending December 31, 2017.

For more information about the foregoing proposals, see the
Companys definitive proxy statement dated April 24, 2017. The
final results for each of the proposals submitted to a vote at
the Companys Annual Meeting are as follows:

1.Election of Director



Nominees Class II Directors	For	Withheld	Broker Non-Votes
Scott Sanborn	231,733,112	2,464,510	79,262,603
Lawrence Summers	189,603,973	44,593,649	79,262,603
Simon Williams	192,466,148	41,731,474	79,262,603


2.	Advisory Vote on the Compensation of the Companys Named Executive Officers

3.Ratification of Appointment of Independent Registered Public
Accounting Firm



For	Against	Abstain
299,927,533	13,110,021	422,671

There were no broker non-votes on this proposal.

(S)

About LendingClub Corporation (NYSE:LC)
LendingClub Corporation (Lending Club) provides online marketplace to connect borrowers and investors. Consumers and small business owners borrow through Lending Club. Investors use Lending Club to earn risk-adjusted returns from an asset class that is only available on a limited basis to large institutional investors. Its technology automates aspects of operations, including the borrower application process, data gathering, credit decisioning and scoring, loan funding, investing and servicing, regulatory compliance and fraud detection. Its platform offers analytical tools and data to enable investors to make decisions and assess their portfolios. Its technology platform has allowed it to expand its offerings from personal loans to include small business loans, and to expand investor classes from individuals to institutions and create various investment vehicles. Its solution offers an online application process and provides borrowers with access to live support and online tools.