LendingClub Shareholders Approve Election of Directors

Lending Club (NYSE:LC) has filed an 8-K with the results of the Annual Meeting including the election of Directors.

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.

According to the 8-K, the three existing Directors were approved. CEO Scott Sanborn, along with Lawrence Summers and Simon Williams were re-elected to terms on the board until 2020.

The vote tallies were as follows:

Nominees
 
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

Additionally, shareholders approved the ratification of Deloitte, Touche as Lending Club’s independent auditors and approved the company’s compensation of executive officers.

There were no other items up for vote by Lending Club shareholders.

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