LendingTree Reports Executive Compensation & Leadership Changes
Ticker: TREE · Form: 8-K · Filed: Feb 22, 2024 · CIK: 1434621
| Field | Detail |
|---|---|
| Company | Lendingtree, Inc. (TREE) |
| Form Type | 8-K |
| Filed Date | Feb 22, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: compensatory-arrangements, officer-changes, director-changes
TL;DR
**LendingTree just filed an 8-K about changes to executive pay and leadership, so keep an eye on their next moves!**
AI Summary
LendingTree, Inc. filed an 8-K on February 22, 2024, reporting an event that occurred on February 16, 2024. The filing pertains to changes in compensatory arrangements for certain officers, specifically regarding the departure or election of directors and appointment of officers. This indicates potential shifts in executive compensation or leadership structure at the company.
Why It Matters
Changes in executive compensation and leadership can signal strategic shifts or financial performance adjustments, impacting investor confidence and future company direction.
Risk Assessment
Risk Level: medium — Changes in executive compensation and leadership can introduce uncertainty regarding future company strategy and stability.
Key Players & Entities
- LendingTree, Inc. (company) — Registrant
- February 16, 2024 (date) — Date of earliest event reported
- February 22, 2024 (date) — Filing date
- 001-34063 (other) — Commission File Number
- Delaware (other) — State of incorporation
FAQ
What was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on February 16, 2024.
What is the full name of the registrant company?
The full name of the registrant company is LendingTree, Inc.
What is the primary purpose of this 8-K filing, as indicated by the item information?
The primary purpose of this 8-K filing, as indicated by the item information, is related to "Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers."
In which state is LendingTree, Inc. incorporated?
LendingTree, Inc. is incorporated in Delaware.
What is the business address of LendingTree, Inc.?
The business address of LendingTree, Inc. is 1415 Vantage Park Dr., Suite 700, Charlotte, NC 28203.
Filing Stats: 569 words · 2 min read · ~2 pages · Grade level 11.3 · Accepted 2024-02-22 09:30:43
Key Financial Figures
- $0.01 — nge on which registered Common Stock, $0.01 par value per share TREE The Nasdaq
Filing Documents
- lendingtree_8k.htm (8-K) — 26KB
- 0001683168-24-001110.txt ( ) — 194KB
- tree-20240216.xsd (EX-101.SCH) — 3KB
- tree-20240216_lab.xml (EX-101.LAB) — 33KB
- tree-20240216_pre.xml (EX-101.PRE) — 22KB
- lendingtree_8k_htm.xml (XML) — 4KB
02 Departure of Directors or Certain Officers; Election of
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On February 16, 2024, the Compensation Committee of our Board of Directors approved an employment agreement amendment with Douglas R. Lebda, our Chairman and Chief Executive Officer. This amendment provides that, in lieu of receiving cash payments in respect of Mr. Lebda's base salary, Mr. Lebda has the opportunity to elect, in his sole discretion, for each pay period (or for each year of the term of Mr. Lebda's employment, in the case of the annual bonus), to invest all or a portion of such base salary or annual bonus actually payable after taking into account amounts withheld from such payment, for the purchase of LendingTree, Inc. Common Stock from the Company at a purchase price equal to the Market Value (as such term is used in Nasdaq Marketplace Rule 5635(c)(2)) at the time that such amount would otherwise be paid to Mr. Lebda. The amendment also provides that in the definition of "Good Reason" it shall not be considered a material adverse change if Mr. Lebda is not the chief executive officer of the Company so long as Mr. Lebda remains Chairman of the Board of Directors. No other changes were made to the Employment Agreement or to Mr. Lebda's compensation. 2 SIGNATURE 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. Date: February 21, 2024 LENDINGTREE, INC. By: /s/ Heather Novitsky Heather Novitsky Corporate Secretary 3