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 4, 2013
LendingClub Corporation
(Exact name of registrant as specified in its charter)
| Delaware | 000-54752 | 51-0605731 | ||
| (State or Other Jurisdiction of Incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) | ||
| 71 Stevenson St., Suite 300, San Francisco CA 94105 | 94105 | |||
| (Address of Principal Executive Offices) | (Zip Code) | |||
Registrant’s telephone number, including area code: (415) 632.5600
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 (see General Instruction A.2. below):
| ¨ | 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 1.01. Entry into a Material Definitive Agreement.
On June 4, 2013, LendingClub Corporation, a Delaware corporation (“LendingClub”), and WebBank, a FDIC-insured, Utah-chartered industrial bank (“WebBank”), entered into amendments to the (i) Amended and Restated Loan Sale Agreement dated as of November 8, 2010 and (ii) Amended and Restated Loan Program Agreement, dated as of November 8, 2010 (the Program Agreement) between the parties. The amendments extend the term of each agreement by an additional five (5) years, through November 8, 2018, and each such agreement continues to have two (2) one (1) year renewal terms. The Program Agreement amendment provides WebBank with certain rights upon a proposed change of control of LendingClub and certain other rights between the parties.
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 5, 2013 | By: | /s/ Carrie Dolan | ||||
| Carrie Dolan | ||||||
| Chief Financial Officer | ||||||
| (duly authorized officer) | ||||||