000140997012/31FALSE00014099702022-06-022022-06-02

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 2, 2022
LendingClub Corporation
(Exact name of registrant as specified in its charter)
 
Commission File Number: 001-36771
Delaware51-0605731
(State or other jurisdiction of
incorporation or organization)		(I.R.S. Employer
Identification No.)
595 Market Street, Suite 200,
San Francisco,CA94105
(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 classTrading SymbolName of each exchange on which registered
Common stock, par value $0.01 per shareLCNew 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 5.03
Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.

On June 2, 2022, LendingClub Corporation (the “Company”) convened its annual meeting of stockholders (the “Annual Meeting”). At the Annual Meeting, the Company’s stockholders approved an amendment to the Company’s Restated Certificate of Incorporation, as amended, to provided that the federal district courts of the United States shall serve as the exclusive forum for the resolution of certain claims (the “Federal Forum Selection Provision”). The Federal Forum Selection Provision had previously been approved, subject to stockholder approval, by the Company’s Board of Directors.

On June 7, 2022, the Company filed a Certificate of Amendment to the Company’s Restated Certificate of Incorporation (the “Certificate Amendment”) with the Secretary of State of Delaware to effectuate the Federal Forum Selection Provision.

The foregoing description is qualified in its entirety by reference to the Certificate Amendment, which is filed as Exhibit 3.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Item 5.07
Submission of Matters to a Vote of Security Holders.

On June 2, 2022, the Company convened its annual meeting of stockholders (the “Annual Meeting”). Present at the Annual Meeting in person or by proxy were holders of 76,627,644 shares of common stock, representing 74.98% of the shares of common stock outstanding and entitled to vote as of April 11, 2022, 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 John C. (Hans) Morris and Erin Selleck as Class II directors each to serve until the 2025 Annual Meeting of Stockholders or until his or her successor has been elected and qualified or his or her 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, 2022.

4.     The approval of a management proposal to amend 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 the Company’s Restated Certificate of Incorporation to add a federal forum selection provision.

For more information about the proposals, see the Company’s proxy statement dated April 19, 2022. 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 II Directors Votes ForVotes AgainstVotes AbstainedBroker
Non-Votes
John C. (Hans) Morris 51,616,1277,443,507333,55417,234,456
Erin Selleck 57,425,6901,632,625334,87317,234,456
Based on the votes set forth above, each Class II director nominee was elected to serve until the 2025 Annual Meeting of Stockholders or until his or her successor has been elected and qualified or his or her 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
56,053,318 2,891,401 448,469 17,234,456
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
76,219,83973,664334,141 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, 2022 was approved.

4.Management Proposal to Amend the Company’s Restated Certificate of Incorporation (Declassification)
Votes For Votes Against Votes Abstained Broker Non-Votes
58,881,04147,366464,78117,234,456

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 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 the Company’s Restated Certificate of Incorporation (Federal Forum Selection)
Votes For Votes Against Votes Abstained Broker Non-Votes
54,194,5764,778,429420,18317,234,456

Under the Company’s Restated Certificate of Incorporation, this proposal required the affirmative vote of the holders of at least a majority of all outstanding shares of the Company’s stock to pass. Based on the votes set forth above, the management proposal to amend the Company’s Restated Certificate of Incorporation to add a federal forum selection provision was approved.

Item 9.01Financial Statements and Exhibits
(d)Exhibits
Exhibit
Number		Exhibit Title or Description
104Cover Page Interactive Data File
(Cover page XBRL tags are embedded within the Inline XBRL document)



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 7, 2022By:/s/ Brandon Pace
Brandon Pace
Chief Administrative Officer and Secretary

EXHIBIT 3.1
SECOND CERTIFICATE OF AMENDMENT

OF

RESTATED CERTIFICATE OF INCORPORATION

OF

LENDINGCLUB CORPORATION

LendingClub Corporation (the “Corporation”), a corporation organized and existing under and by virtue of the General Corporation Law of the State of Delaware, does hereby certify:

FIRST: That the Board of Directors of the Corporation has duly adopted resolutions (a) authorizing and approving an amendment to the Restated Certificate of Incorporation of the Corporation to amend and restate ARTICLE IX of the Restated Certificate of Incorporation of the Corporation to provide that, unless the Corporation otherwise consents in writing to the selection of an alternative forum and to the fullest extent permitted by law, the federal courts of the United States shall be the sole and exclusive forum for the resolution of any complaint asserting a cause of action against the Corporation or any director, officer, employee or agent of the Corporation arising under the Securities Act of 1933, as amended, and (b) declaring such amendments to be advisable and recommended for approval and adoption by the stockholders of the Corporation.

SECOND: That the amendment to the Restated Certificate of Incorporation of the Corporation set forth in this Second Certificate of Amendment was duly adopted in accordance with the provisions of Section 242 of the General Corporation Law of the State of Delaware by the Board of Directors and stockholders of the Corporation.

THIRD: That ARTICLE IX of the Restated Certificate of Incorporation is hereby amended and restated to read in its entirety as follows:

“Unless the Corporation consents in writing to the selection of an alternative forum, the Court of Chancery of the State of Delaware shall be the sole and exclusive forum for (a) any derivative action or proceeding brought on behalf of the Corporation; (b) any action asserting a claim of breach of a fiduciary duty owed by any director, officer or other employee of the Corporation to the Corporation or the Corporation’s stockholders; (c) any action asserting a claim against the Corporation arising pursuant to any provision of the Delaware General Corporation Law, this Certificate of Incorporation or the Bylaws; (d) any action to interpret, apply, enforce or determine the validity of this Certificate of Incorporation or the Bylaws; or (e) any action asserting a claim against the Corporation governed by the internal affairs doctrine. Unless the Corporation consents in writing to the selection of an alternative forum, to the fullest extent permitted by law, the federal district courts of the United States of America shall be the sole and exclusive forum for the resolution of any complaint asserting a cause of action against the Corporation or any director, officer, employee or agent of the Corporation arising under the Securities Act of 1933, as amended. Any person or entity purchasing or otherwise acquiring any interest in shares of capital stock of the Corporation shall be deemed to have notice of and to have consented to the provisions of this Article IX.”

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IN WITNESS WHEREOF, this Second Certificate of Amendment of Restated Certificate of Incorporation has been executed by a duly authorized officer of the Corporation on this 7th day of June, 2022.

LENDINGCLUB CORPORATION
By:/s/ Brandon Pace
Name:Brandon Pace
Title:Chief Administrative Officer and Secretary