Lendingclub Corporation · NYSE:LC
Lendingclub — Shareholder Meeting (May 2017)
11 slides from Lendingclub's shareholder meeting presentation, May 31, 2017
Slide 1: Stockholder Communication 2017 Annual Meeting
Stockholder Communication 2017 Annual Meeting June 6, 2017
Slide 2: Disclaimer
2 Disclaimer Some of the statements in this presentation, including statements regarding loan growth, industry consolidation and future compensation practices are "forward-looking statements." The words "anticipate," "believe," "estimate," "expect," "intend," "may," "outlook, " "plan," "predict," "p
Slide 3: Online marketplace connecting borrowers and investors
All Loans originated and issued by our federally regulated issuing bank partners. InvestorsBorrowers Principal + Interest Capital Online Marketplace Publicly Listed in December 2014 3
Slide 4: Board Oversaw Resolution of Unique Challenges in 2016
4 Board Oversaw Resolution of Unique Challenges in 2016 Stabilized business during time of significant disruption; conducted a thorough investigation and remediated internal controls; improved compliance functions and processes to position Lending Club for future long-term growth $22.3M in loans f
Slide 5: Maintained Leadership Position in Originations
152.3 103.4 114.6 130.5 124.5 1Q16 2Q16 3Q16 4Q16 1Q17 5 1. There may be differences between the sum of the quarterly results due to rounding Quarterly Originations1 ($ in millions) Quarterly Total Net Revenue1 ($ in millions) 204 216 214 193 220 459 296 353 329 301 2,087 1,443 1,405 1,465 1,438 2,7
Slide 6: CEO Transitional Year Pay Decision Framework
Fixed Cash 7% Bonus 3% Stock Options 44% RSUs 46% CEO Transitional Year Pay Decision Framework 2016 Compensation Substantially At-Risk and Aligned with Stockholders All NEOs were new to their positions and/or the Company in 2016 2016 pay structured to retain certain executives within and recruit
Slide 7: Evolving Compensation Program
Evolving Compensation Program The Compensation Committee will continue to take into account stockholder feedback as it reviews Lending Club’s compensation program going forward PSUs will be phased in for other executive officers, and the Board is currently in the process of adopting a formal clawbac
Slide 8: Strong Board Committed to Continued Independent Oversight
Key Director Skills Risk Management Financial Technology Banking & Credit Regulation Financial Services Operational Marketing Consumer Services Strong Board Committed to Continued Independent Oversight Highly qualified Directors have the skills and expertise to oversee Lending Club’s next phase 8 Bo
Slide 9: Evolving Governance Practices for a Company in Transition
9 Evolving Governance Practices for a Company in Transition Governance practices under review as the Company moves from pre-IPO to maturing public company Strong Board Governance Foundation Highly independent and active board Newly-created Independent Chairman role Balance of directors appointed bef
Slide 10: We Ask for Your Support at the 2017 Annual Meeting
We Ask for Your Support at the 2017 Annual Meeting Item 1 FOR All Director Nominees Item 2 FOR Advisory Vote on Executive Compensation Item 3 FOR Ratification of Auditor 10
Slide 11: LendingClub
=: LendingClub