Live Oak Bancshares Reports on Shareholder Votes
Ticker: LOB-PA · Form: 8-K · Filed: May 23, 2024 · CIK: 1462120
Sentiment: neutral
Topics: shareholder-vote, corporate-governance
Related Tickers: LOBC
TL;DR
LOBC shareholders voted on key issues May 21st. Full details in new 8-K.
AI Summary
Live Oak Bancshares, Inc. filed an 8-K on May 23, 2024, reporting on matters submitted to a vote of security holders on May 21, 2024. The filing details the company's principal executive offices located at 1741 Tiburon Drive, Wilmington, NC 28403.
Why It Matters
This filing informs investors about key decisions made by Live Oak Bancshares' shareholders, which could impact the company's governance and future direction.
Risk Assessment
Risk Level: low — The filing is a routine disclosure of shareholder voting matters and does not indicate any immediate financial distress or significant operational changes.
Key Players & Entities
- Live Oak Bancshares, Inc. (company) — Registrant
- May 21, 2024 (date) — Date of earliest event reported
- May 23, 2024 (date) — Date of report
- 1741 Tiburon Drive, Wilmington, NC 28403 (address) — Principal executive offices
FAQ
What specific matters were submitted to a vote of Live Oak Bancshares' security holders on May 21, 2024?
The filing indicates that matters were submitted to a vote, but the specific details of those matters are not provided in the provided text excerpt. Further sections of the 8-K would be needed to identify the exact proposals.
What is the primary purpose of this 8-K filing for Live Oak Bancshares?
The primary purpose is to report on the submission of matters to a vote of security holders, as of May 21, 2024, and to provide the date of the report as May 23, 2024.
Where are Live Oak Bancshares' principal executive offices located?
The principal executive offices of Live Oak Bancshares, Inc. are located at 1741 Tiburon Drive, Wilmington, NC 28403.
What is the state of incorporation for Live Oak Bancshares, Inc.?
Live Oak Bancshares, Inc. is incorporated in North Carolina.
What is the IRS Employer Identification Number for Live Oak Bancshares, Inc.?
The IRS Employer Identification Number for Live Oak Bancshares, Inc. is 26-4596286.
Filing Stats: 705 words · 3 min read · ~2 pages · Grade level 9.6 · Accepted 2024-05-23 16:06:52
Filing Documents
- lob-20240521.htm (8-K) — 42KB
- lob-20240521_g1.jpg (GRAPHIC) — 372KB
- 0001462120-24-000042.txt ( ) — 983KB
- lob-20240521.xsd (EX-101.SCH) — 2KB
- lob-20240521_lab.xml (EX-101.LAB) — 21KB
- lob-20240521_pre.xml (EX-101.PRE) — 12KB
- lob-20240521_htm.xml (XML) — 3KB
07. Submission of Matters to a Vote of Security Holders
Item 5.07. Submission of Matters to a Vote of Security Holders. (a) The 2024 Annual Meeting of Shareholders (the "Annual Meeting") of Live Oak Bancshares, Inc. (the "Company") was held on May 21, 2024. On March 22, 2024, the record date for the Annual Meeting, 44,936,357 shares of the Company's voting common stock were issued and outstanding, of which 41,727,609 were present for purposes of establishing a quorum. (b) Shareholders voted on the following matters at the Annual Meeting: (1) Shareholders elected Tonya W. Bradford, William H. Cameron, Diane B. Glossman, Glen F. Hoffsis, David G. Lucht, James S. Mahan III, Miltom E. Petty, Neil L. Underwood, Yousef A. Valine, and William L. Williams III to the Board of Directors for terms of one year; (2) Shareholders approved an amendment of the Company's Second Amended and Restated 2014 Employee Stock Purchase Plan to increase the number of shares of voting common stock issuable under such plan; (3) Shareholders approved a non-binding, advisory proposal to approve compensation paid to the Company's named executive officers; (4) Shareholders ratified FORVIS, LLP as the Company's independent auditor for 2024. Set forth below are the number of votes cast for or against each such matter as well as the number of abstentions and broker non-votes with respect to such matter. Item For Against Withheld/Abstain Broker Non-Votes Election of Directors Tonya W. Bradford 25,952,422 __ 7,412,467 8,362,720 William H. Cameron 25,816,788 __ 7,548,101 8,362,720 Diane B. Glossman 24,874,929 __ 8,489,960 8,362,720 Glen F. Hoffsis 30,601,992 __ 2,762,897 8,362,720 David G. Lucht 31,965,013 __ 1,399,876 8,362,720 James S. Mahan III 32,794,421 __ 570,468 8,362,720 Miltom E. Petty 26,823,544 __ 6,541,345 8,362,720 Neil L. Underwood 33,027,004 __ 337,885 8,362,720 Yousef A. Valine 27,659,730 __ 5,705,159 8,362,720 William L. Williams III 32,988,141 __ 376,748 8,362,720 Amendment of the Company's 2014 Amended and Resta
SIGNATURES
SIGNATURES 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 thereunto duly authorized. LIVE OAK BANCSHARES, INC. Date: May 23, 2024 By: /s/ Gregory W. Seward Gregory W. Seward General Counsel