loanDepot, Inc. Files 8-K: Material Agreement & Officer Changes

TL;DR

loanDepot filed an 8-K on 3/3/25 for a material agreement and exec changes.

AI Summary

On March 3, 2025, loanDepot, Inc. filed an 8-K report detailing a material definitive agreement and changes in its board and officer composition. The filing also included financial statements and exhibits, with specific details on executive compensation arrangements and Regulation FD disclosures.

Why It Matters

This filing signals significant corporate actions at loanDepot, including a new material agreement and potential shifts in leadership or compensation, which could impact the company's strategic direction and investor confidence.

Risk Assessment

Risk Level: medium — The filing indicates material definitive agreements and changes in officers/directors, which can introduce uncertainty and potential strategic shifts.

Key Numbers

• 001-40003 — Commission File Number (Identifies the company's SEC filing history.)
• 85-3948939 — IRS Employer Identification No. (Company's tax identification number.)

Key Players & Entities

• loanDepot, Inc. (company) — Registrant
• March 3, 2025 (date) — Date of earliest event reported
• 6561 Irvine Center Drive (address) — Principal Executive Offices
• Irvine, California (location) — Principal Executive Offices City and State
• 92618 (zip_code) — Principal Executive Offices Zip Code
• 001-40003 (company_id) — Commission File Number
• 85-3948939 (tax_id) — IRS Employer Identification No.

FAQ

From the Filing

0001140361-25-007425.txt : 20250306 0001140361-25-007425.hdr.sgml : 20250306 20250306161541 ACCESSION NUMBER: 0001140361-25-007425 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 18 CONFORMED PERIOD OF REPORT: 20250303 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20250306 DATE AS OF CHANGE: 20250306 FILER: COMPANY DATA: COMPANY CONFORMED NAME: loanDepot, Inc. CENTRAL INDEX KEY: 0001831631 STANDARD INDUSTRIAL CLASSIFICATION: FINANCE SERVICES [6199] ORGANIZATION NAME: 02 Finance IRS NUMBER: 853948939 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-40003 FILM NUMBER: 25715441 BUSINESS ADDRESS: STREET 1: 6561 IRVINE CENTER DRIVE CITY: IRVINE STATE: CA ZIP: 92618 BUSINESS PHONE: (949) 434-5964 MAIL ADDRESS: STREET 1: 6561 IRVINE CENTER DRIVE CITY: IRVINE STATE: CA ZIP: 92618 8-K 1 ef20044999_8k.htm 8-K false 0001831631 0001831631 2025-03-03 2025-03-03 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): March 3, 2025 loanDepot, Inc. (Exact name of Registrant as Specified in Its Charter) Delaware 001-40003 85-3948939 (State or Other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.)   6561 Irvine Center Drive Irvine , California 92618     (Address of Principal Executive Offices)     Registrant’s Telephone Number, Including Area Code: ( 888 ) 337-6888 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 (see General Instructions A.2. below): ☐ 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)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Class A Common Stock, $0.001 Par Value LDI New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter). Emerging growth company ☐   If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ Item 1.01. Entry Into a Material Definitive Agreement. On March 6, 2025, loanDepot, Inc. (the “Company” or “loanDepot”) entered into an Amended and Restated Settlement and Cooperation agreement, (the “A&R Cooperation Agreement”) with Anthony Hsieh (“Hsieh”) and certain of his affiliates (collectively, the “Hsieh Stockholders”).  The A&R Cooperation Agreement amends and restates the settlement and cooperation agreement between the Company and the Hsieh Stockholders previously entered into on April 4, 2023 (the “Previous Agreement”). Pursuant to the terms of the A&R Cooperation Agreement, the Hsieh Stockholders agreed to reinstate and extend certain provisions of the Previous Agr