Lend Academy Network Forum

Lending Club Discussion => Investors - LC => Topic started by: Larry321 on June 28, 2016, 08:44:44 AM

Title: LC Annual Meeting is being Held today
Post by: Larry321 on June 28, 2016, 08:44:44 AM
I was over at Seeking Alpha, and they have news on LC.

Today at 2 ET, they will hold their annual meeting. Share holders and non-share holders will be able to watch and listen to the annual meeting
Link to watch the meeting https://central.virtualshareholdermeeting.com/vsm/web?pvskey=LC2016

Link to the SA article http://seekingalpha.com/pr/16531883-lending-club-names-scott-sanborn-ceo

This is the link from PRNewsWire.com: http://www.prnewswire.com/news-releases/lending-club-names-scott-sanborn-ceo-300291139.html

"The Annual Meeting will reconvene today, June 28, 2016, at 11:00 a.m. Pacific Time with the same virtual meeting access (www.virtualshareholdermeeting.com/LC2016). Only stockholders of record as of the close of business on April 11, 2016 will be able to vote and ask questions during the meeting using the virtual meeting access. Other interested parties may listen to the audio webcast of the Annual Meeting using the same link above or may dial into a listen-only line by dialing +1 (877) 883-0383, or outside the U.S. +1 (412) 902-6506, with a conference ID 0183459, ten minutes prior to 11:00 a.m. Pacific Time (or 2:00 p.m. Eastern Time)."

I have a work meeting at that time, so I am hoping some of you can listen to it, summarize it here and offer opinions.
LC is getting rid of 179 positions and is making Scott Sanborn CEO.
Title: Re: LC Annual Meeting is being Held today
Post by: jheizer on June 28, 2016, 09:36:31 AM
Thanks for the heads up.
Title: Re: LC Annual Meeting is being Held today
Post by: Larry321 on June 28, 2016, 10:38:48 PM
This is a video summary of the stock holders' meeting:
http://www.usatoday.com/story/tech/news/2016/06/28/lending-club-names-ceo-cuts-179-jobs/86460436/