UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On April 16, 2020, the Board of Directors (the “Board”) of LendingTree, Inc. (the “Company”) appointed Courtnee Chun and Jennifer Witz to serve as independent members of the Board, effective as of such date. Ms. Chun is the Chief Portfolio Officer and Senior Vice President, Investor Relations for Liberty Media Corporation, Qurate Retail, Inc., Liberty TripAdvisor Holdings, Inc., Liberty Broadband Corporation and GCI Liberty, and Ms. Witz is the President of Sales, Marketing and Operations of Sirius XM Holdings, Inc. Ms. Chun will serve on the audit committee and the transactions committee of our Board, and Ms. Witz will serve on the compensation committee of our Board.
Ms. Chun and Ms. Witz were selected as members of our Board pursuant to the “Spinco Agreements” with GCI Liberty, Inc. as previously disclosed in the Company’s proxy statement under “Certain Relationships and Related Transactions.” In consideration of their service on the Board and its committees, Ms. Chun and Ms. Witz will be compensated in accordance with the compensation plan for non-employee directors previously approved by our Board.
On April 16, 2020, Neal Dermer and Craig Troyer, the directors previously nominated by GCI Liberty, Inc. pursuant to the “Spinco Agreements,” and Peter Horan gave notice of their resignation as members of the Board, effective as of such date. Mr. Dermer’s, Mr. Troyer’s and Mr. Horan’s decisions to terminate their services were not a result of any disagreement with the Company or its management.
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: April 22, 2020 | ||
| LENDINGTREE, INC. | ||
| By: | /s/ Ryan S. Quinn | |
| Ryan S. Quinn | ||
| Senior Vice President, Co-General Counsel | ||