LendingClub COO Sameer Gulati Resigns

August 29, 2018 @ 5:59 pm By JD Alois

LendingClub (NYSE:LC) has announced the resignation of Chief Operations Officer Sameer Gulati in an 8-K filing with the SEC today.

Gulati was said to have resigned yesterday (August 27) but the departure will become effective on December 31, 2018. The company said that Gulati will “focus on the transition of his role until his resignation date and the Company will not replace the position.” Additional information was not immediately available.

Gulati, a former McKinsey & Company partner, joined LendingClub in April 2016. In his role as COO he had responsibility over operations and corporate strategy.

LendingClub has struggled to bring the online lender to profitability – an event that has now been anticipated for quite some time. LendingClub reported quarterly results earlier this month that indicated an increase in loan originations.

Reg A - Form 1-A Filings Beta

Beta. Initial Form 1-A only. Target raise is the stated Amount to be Raised, totaled. Compared with the same dates one year earlier.

YTD: Jan 1, 2026 - Nov 7, 2026 vs Jan 1, 2025 - Nov 7, 2025

Number of Filings134Prior 129 +3.9%

Target Raise, Total$3.45BPrior $3.59B -3.8%

	This YTD	Year prior	Change
Filings	134	129	+3.9%
Target raise	$3.45B	$3.59B	-3.8%

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Source: DisclosureQuest. Initial Form 1-A only.

Created by Crowded Media Group

This display counts initial Form 1-A filings only. It does not represent subsequent filings, including Form 1-A/A amendments or Form 1-A POS post-qualification updates filed by the issuer. Amounts are the stated Amount to be Raised on the initial filing, not capital raised and not amounts revised in later filings.

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