LendingTree Extends CEO’s Employment Agreement and Increases Base Salary

LendingTree, Inc., a Delaware-based financial technology company operating in the online lending marketplace, recently announced an update to its CEO’s employment agreement. On January 8, 2025, the Compensation Committee of LendingTree’s Board of Directors approved an amendment to the employment agreement of Douglas R. Lebda, the company’s Chairman and Chief Executive Officer.

The extension of the Employment Agreement with Mr. Lebda, originally dated November 30, 2020, will now run until December 31, 2025. Along with the extension, Mr. Lebda’s base salary has been raised from $750,000 to $800,000. It is worth noting that apart from the salary adjustment and term extension, no other modifications were made to the Employment Agreement.

This decision was made in a recent meeting by the Compensation Committee and signifies the company’s continued confidence in Mr. Lebda’s leadership and contributions to LendingTree. Such strategic moves within the executives of a company often reflect ongoing efforts to maintain stability and drive growth in a competitive market landscape.

This report was duly filed with the Securities and Exchange Commission (SEC) on January 13, 2025. The filing was made in accordance with the Securities Exchange Act of 1934. Heather Enlow-Novitsky, the Corporate Secretary of LendingTree, signed the report on behalf of the company.

Investors and stakeholders are likely to keep an eye on how this decision influences the company’s future trajectory and operational performance as it navigates through the challenges and opportunities within the financial technology sector.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read LendingTree’s 8K filing here.

LendingTree Company Profile

LendingTree, Inc, through its subsidiary, operates online consumer platform in the United States. It operates through three segments: Home, Consumer, and Insurance. The Home segment offers purchase mortgage, refinance mortgage, and home equity loans and lines of credit; and real estate brokerage services.