loanDepot founder and chairman Anthony Hsieh has decided to use his majority voting power to unilaterally nominate Steven Ozonian for election to the board of directors, exposing a dispute with other board members, the company disclosed in a regulatory filing on Tuesday. 

The decision on the new board member will be made in the company’s 2023 annual stockholders’ meeting, during which Hsieh intends to vote all of his shares in favor of Ozonian. 

Hsieh stepped back from loanDepot’s CEO position in April and was replaced by industry veteran Frank Martell. But the company founder maintained the chairmanship and retained over 40% details ⇒

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