8-K

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): April 21, 2016

LendingClub Corporation

(Exact name of registrant as specified in its charter)

Commission File Number: 001-36771
Delaware	51-0605731
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)
71 Stevenson St., Suite 300, San Francisco, CA 94105
(Address of principal executive offices and zip code)
(415) 632-5600 (Registrant's telephone number, including area code)
N/A (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:

¨ 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 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On April 21, 2016, LendingClub Corporation (the “Company”) announced the addition of Sameer Gulati, who will join the Company May 16, 2016 in the newly-created position of Chief Operations Officer, and the promotion of Scott Sanborn to President.

Mr. Gulati will join Lending Club from McKinsey & Company where he worked for the previous 11 years, most recently as a partner and leader of the Digital Banking practice. Mr. Gulati will have responsibility over the Company's operations and corporate strategy.

Mr. Sanborn previously served as the Company's Chief Marketing and Operating Officer. In his new role, Sanborn will oversee the Company's product lines (currently, personal loans, small business and patient and education financing) as well as marketing and product development. Mr. Sanborn will continue to oversee the Company's operations until Mr. Gulati joins the Company.

A copy of the press release announcing these changes is furnished as Exhibit 99.1 to this Form 8-K.

Item 9.01	Financial Statements and Exhibits
(d)	Exhibits
Exhibit Number	Exhibit Title or Description
99.1	Press Release dated April 21, 2016

SIGNATURE(S)

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
Date: April 21, 2016	By:	/s/ Carrie Dolan
		Carrie Dolan
		Chief Financial Officer
		(duly authorized officer)

EX-99.1

Exhibit 99.1

.

Lending Club Hires McKinsey Partner Sameer Gulati as Chief Operations Officer and Promotes Scott Sanborn to President

Management Addition & Promotion Reflect Continued Company Growth and Scale

SAN FRANCISCO, April 21, 2016 -- Lending Club (NYSE: LC) today announced the addition of Sameer Gulati, who will join the company May 16 in the newly-created position of Chief Operations Officer, and the promotion of Scott Sanborn to President.

Gulati will join Lending Club from McKinsey & Company where he was a partner and leader of the Digital Banking practice. He will report to CEO Renaud Laplanche and have responsibility over Lending Club’s Operations and Corporate Strategy.

Sanborn joined Lending Club as Chief Marketing Officer in 2010 and was promoted to Chief Operating and Marketing Officer in 2013. In his new role, Sanborn will oversee the company's product lines (personal loans, small business and patient and education financing) as well as marketing and product development.

“Scott and Sameer are world-class executives who have proven their effectiveness in building and managing high-performing teams” Laplanche said. “They both embrace Lending Club’s mission of making credit more affordable and investing more rewarding, and are both passionate about using technology and better processes to design and deliver products that change people’s lives. We are fortunate to be able promote Scott and hire Sameer into these two new roles in the company.”

Gulati has more than a decade of experience advising global and emerging financial services institutions on topics in retail banking, consumer credit, digital payments, and risk management. Prior to that, he spent several years in technology roles implementing solutions for financial services players. He holds an MBA in strategy and entrepreneurship from the University of Chicago Booth School of Business and a B. Tech. in chemical engineering and computer science from the Indian Institute of Technology in New Delhi.

About Lending Club

Lending Club's mission is to transform the banking system to make credit more affordable and investing more rewarding. The company's technology platform enables it to deliver innovative solutions to borrowers and investors. Since launching in 2007, the Lending Club platform has facilitated $16.0 billion in consumer loans and has more than doubled annual loan volume each year. We operate at a lower cost than traditional bank lending programs, so we're able to pass the savings on to borrowers in the form of lower rates and to investors in the form of solid returns. Lending Club is based in San Francisco, California. More information is available at https://www.lendingclub.com. Currently only residents of the following states may invest in Lending Club notes: AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, ME, MD, MI, MN, MO, MS, MT, ND, NE, NH, NJ, NV, NY, OK, OR, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV, or WY. All loans made by WebBank, a Utah-chartered Industrial Bank, Member FDIC. Lending Club Notes are offered by prospectus filed with the SEC. Please consider the risks of investing.