Live Oak Bancshares Files 8-K
Ticker: LOB-PA · Form: 8-K · Filed: Aug 19, 2025 · CIK: 1462120
Sentiment: neutral
Topics: regulatory-filing, disclosure
Related Tickers: LOBC
TL;DR
LOBC filed an 8-K on Aug 19, 2025, covering stock and preferred stock details.
AI Summary
Live Oak Bancshares, Inc. filed an 8-K on August 19, 2025, reporting a Regulation FD Disclosure. The filing details information related to common stock and Series A Preferred Stock, with the company incorporated in North Carolina and headquartered in Wilmington.
Why It Matters
This filing provides important updates and disclosures for investors regarding Live Oak Bancshares, Inc.'s corporate actions and financial instruments.
Risk Assessment
Risk Level: low — This is a routine regulatory filing (8-K) with no immediate indication of significant financial distress or major operational changes.
Key Players & Entities
- Live Oak Bancshares, Inc. (company) — Registrant
- August 19, 2025 (date) — Date of earliest event reported
- North Carolina (location) — State of incorporation
- Wilmington, NC (location) — Principal executive offices
- 001-37497 (other) — Commission File Number
- 26-4596286 (other) — IRS Employer Identification No.
FAQ
What is the primary purpose of this 8-K filing?
The primary purpose of this 8-K filing is to report a Regulation FD Disclosure as of August 19, 2025.
When was the earliest event reported in this filing?
The earliest event reported in this filing was on August 19, 2025.
In which state is Live Oak Bancshares, Inc. incorporated?
Live Oak Bancshares, Inc. is incorporated in North Carolina.
What is the address of the registrant's principal executive offices?
The address of the registrant's principal executive offices is 1741 Tiburon Drive, Wilmington, NC 28403.
What are some of the financial instruments mentioned in the filing?
The filing mentions information related to us-gaap:CommonStockMember and us-gaap:SeriesAPreferredStockMember.
Filing Stats: 966 words · 4 min read · ~3 pages · Grade level 14.3 · Accepted 2025-08-19 09:03:31
Key Financial Figures
- $20 million — estimated pre-tax gain in the range of $20 million to $25 million, subject to closing pric
- $25 m — tax gain in the range of $20 million to $25 million, subject to closing price adjustm
Filing Documents
- lob-20250819.htm (8-K) — 28KB
- lob-20250819_g1.jpg (GRAPHIC) — 372KB
- 0001462120-25-000077.txt ( ) — 1005KB
- lob-20250819.xsd (EX-101.SCH) — 2KB
- lob-20250819_def.xml (EX-101.DEF) — 16KB
- lob-20250819_lab.xml (EX-101.LAB) — 28KB
- lob-20250819_pre.xml (EX-101.PRE) — 17KB
- lob-20250819_htm.xml (XML) — 4KB
01. Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure. On August 19, 2025, Computer Services Inc., ("CSI") announced it had entered into a definitive agreement to acquire Apiture, Inc. ("Apiture"). Live Oak Banking Company, a wholly owned subsidiary of Live Oak Bancshares, Inc., (the "Company") has an investment in Apiture. Under the terms of the agreement, a wholly owned subsidiary of CSI will merge with and into Apiture, with Apiture surviving the transaction as a wholly owned subsidiary of CSI (the "Transaction"). Upon the closing of the Transaction, each stockholder of Apiture, including Live Oak Banking Company, will receive a portion of the merger consideration payable under the terms of the agreement. The closing of the Transaction is subject to customary approvals and closing conditions. The Company anticipates realizing an estimated pre-tax gain in the range of $20 million to $25 million, subject to closing price adjustments. Additionally, the Company will no longer recognize further pass-through losses from the investment after the transaction settles. Important Note Regarding Forward-Looking Statements.
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: August 19, 2025 By: /s/ Walter J. Phifer Walter J. Phifer Chief Financial Officer 2