loanDepot Sets Annual Meeting For June 7
Meeting expected to formalize settlement that expanded board; also files annual report showing it cut staff by 54% in 2022.
Meeting expected to formalize settlement that expanded board; also files annual report showing it cut staff by 54% in 2022.
Company agrees to expand board and immediately add Hsieh's nominee for director, WFG CEO Steve Ozonian.
Also reported a net loss of $610.4M for all of 2022; ousted founder in proxy fight says board needs 'a fresh perspective'
Company founder claims his removal as executive chairman was neither unanimous nor mutual.
Anthony Hsieh intends to use his voting power to add Steve Ozonian as a director over board's objections.
Founder Anthony Hsieh ascends to executive chairman; Frank Martell to lead the management team and oversee daily operations.