Item 2.02 Results of Operations and Financial Condition

On January 12, 2023, LendingClub Corporation (the "Company") issued a press release (the "Press Release") regarding a cost reduction and reorganization plan to streamline its operations (the "Plan") and preliminary financial results for the quarter and year ended December 31, 2022. A copy of the Press Release is attached as Exhibit 99.1 to this Form 8-K and is incorporated by reference herein.

The information set forth in this Item 2.02, including Exhibit 99.1, shall not be deemed "filed" for purposes of Section 18 of the Securities and Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing, unless expressly incorporated by specific reference in such filing.




Item 5.02             Departure of Directors or Certain Officers; Election of Directors;
                      Appointment of Certain Officers; Compensatory Arrangements of Certain
                      Officers

On January 7, 2023, as part of the Plan, the Company decided to organizationally align responsibilities for the operation and utilization of our investor marketplace and bank balance sheet and, in doing so, eliminated the chief capital officer position. Accordingly, the final day of employment with the Company for the current chief capital officer, Valerie Kay, will be February 25, 2023. In connection with her departure and subject to the execution of a release of claims against the Company, Ms. Kay will receive the severance payments set forth in her employment agreement and as detailed in the Company's most recent proxy statement filed with the Securities and Exchange Commission on April 19, 2022.




Item 9.01      Financial Statements and Exhibits
        (d)    Exhibits



       Exhibit
        Number        Exhibit Title or Description
        99.1            Press Release dated January 12, 2023
                      Cover Page Interactive Data File (Cover page XBRL tags are embedded within
           104        the Inline XBRL document)

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