Lendingclub Corporation · NYSE:LC
Lendingclub — Shareholder Meeting (May 2019)
10 slides from Lendingclub's shareholder meeting presentation, May 28, 2019
Slide 1: Stockholder Outreach 2019 Annual Meeting
Stockholder Outreach 2019 Annual Meeting June 5, 2019
Slide 2: Disclaimer
Disclaimer Some of the statements in this presentation are “forward-looking statements.” The words “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “outlook,” “plan,” “predict,” “project,” “will,” “would” and similar expressions may identify forward-looking statements, although not al
Slide 3: About LendingClub
About LendingClub LendingClub operates America’s largest online lending marketplace connecting borrowers and investors 3M+ Business Overview Our Competitive Advantage Customers . LendingClub provides tools that help Americans . Our marketplace model generates on their path to financial health throug
Slide 4: 2019 Strategic Priorities
2019 Strategic Priorities Our management team and the Board are deeply focused on the evolution, execution and oversight of our strategy . Scalability and operating leverage will facilitate further margin expansion as we grow Grow Responsibly . Shifting customer mix to higher quality credit as we re
Slide 5: Strong Momentum Under Current Executive Team
Strong Momentum Under Current Executive Team . Our CEO Scott Sanborn was promoted into the role in 2016 during a significant corporate crisis marked by a severe drop in revenue, the departure of most major loan investors, and multiple government investigations stemming from actions taken by the prio
Slide 6: Compensation Directly Linked to Company & Stock Performance
Compensation Directly Linked to Company & Stock Performance Compensation weighted towards long-term incentives aligned with stockholders. When Recent Enhancements and Results performance goals are not met actual compensation earned is reduced accordingly PBRSUs granted in 2018 earned Early at 71.7%
Slide 7: Stockholder Feedback Drives Evolving Governance Practices
Stockholder Feedback Drives Evolving Governance Practices Our Independent Chair has participated in engagement, continues to drive our ongoing governance enhancements, and is expected to join our Nominating and Corporate Governance Committee following our 2019 Annual Meeting Strong Board Governance
Slide 8: Demonstrated History of Responsiveness to Stockholders
Demonstrated History of Responsiveness to Stockholders . Our Board values the feedback gained through our outreach program and has made significant enhancements to LendingClub’s governance and compensation practices in direct response to the input of our investors received through our outreach effor
Slide 9: Adjusted EBITDA Definition and Reconciliation
Adjusted EBITDA Definition and Reconciliation Adjusted EBITDA is a non-GAAP financial measure that we calculate as net income (loss) before depreciation, impairment and amortization expense, stock-based compensation expense, income tax expense (benefit), acquisition related expenses, cost structure
Slide 10: LendingClub
= LendingClub