Live Oak Bancshares Announces Director/Officer Changes & Filings
Ticker: LOB-PA · Form: 8-K · Filed: Feb 14, 2025 · CIK: 1462120
Sentiment: neutral
Topics: corporate-governance, filing, officer-changes, director-changes
Related Tickers: LOBC
TL;DR
Live Oak Bancshares (LOBC) filed an 8-K detailing director/officer changes and financial exhibits.
AI Summary
Live Oak Bancshares, Inc. announced on February 10, 2025, changes regarding its directors and officers, including elections and appointments. The company also filed financial statements and exhibits as part of this report. The filing details the departure of certain officers and directors, the election of new directors, and adjustments to compensatory arrangements for key personnel.
Why It Matters
This filing indicates potential shifts in the company's leadership and governance structure, which could influence strategic direction and operational oversight.
Risk Assessment
Risk Level: low — The filing primarily concerns routine corporate governance and financial reporting, with no immediate indication of significant financial distress or major strategic shifts.
Key Players & Entities
- Live Oak Bancshares, Inc. (company) — Registrant
- February 10, 2025 (date) — Date of earliest event reported
- February 14, 2025 (date) — Filing date
- North Carolina (location) — State of incorporation
FAQ
What specific changes were made regarding directors or officers?
The filing indicates the departure of certain officers and directors, the election of new directors, and updates to compensatory arrangements for certain officers.
What is the exact date of the earliest event reported in this 8-K?
The earliest event reported is dated February 10, 2025.
What is the company's state of incorporation?
Live Oak Bancshares, Inc. is incorporated in North Carolina.
What is the principal executive office address?
The principal executive offices are located at 1741 Tiburon Drive, Wilmington, NC 28403.
What other items are covered in this 8-K filing besides director and officer changes?
The filing also includes financial statements and exhibits.
Filing Stats: 910 words · 4 min read · ~3 pages · Grade level 11.1 · Accepted 2025-02-14 16:17:20
Key Financial Figures
- $45,000 — the Bank received a cash bonus award of $45,000 and an RSU award representing 15,678 sh
- $57,600 — esident, received a cash bonus award of $57,600 and an RSU award representing 45,153 sh
- $32,000 — Officer received a cash bonus award of $32,000 and an RSU award representing 7,839 sha
- $20,000 — Officer, received a cash bonus award of $20,000 and an RSU award representing 9,264 sha
- $36,000 — Counsel, received a cash bonus award of $36,000 and an RSU award representing 9,264 sha
Filing Documents
- lob-20250210.htm (8-K) — 30KB
- lob-2025x0214xexx991.htm (EX-99.1) — 43KB
- lob-20250210_g1.jpg (GRAPHIC) — 372KB
- 0001462120-25-000008.txt ( ) — 1023KB
- lob-20250210.xsd (EX-101.SCH) — 2KB
- lob-20250210_lab.xml (EX-101.LAB) — 21KB
- lob-20250210_pre.xml (EX-101.PRE) — 12KB
- lob-20250210_htm.xml (XML) — 3KB
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 99.1 Form of RSU Award Agreement 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 1
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: February 14, 2025 By: /s/ Gregory W. Seward Gregory W. Seward General Counsel & Chief Risk Officer 2