---
schema_version: "secwatch.filing_event.v1"
accession: "0001462120-23-000041"
form_type: "8-K"
ticker: "LOB"
cik: "0001462120"
company_name: "Live Oak Bancshares, Inc."
filed_at: "2023-05-18T23:59:59+00:00"
generated_at: "2026-06-14T21:09:00.222383+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.15
confidence: "high"
source: SEC EDGAR
---

# Live Oak Bancshares shareholders elect all 11 directors, approve stock plan increase

## Summary
- All 11 director nominees elected; highest withhold 12.4M votes (29%) for Miltom E. Petty.
- Amendment to 2015 Omnibus Stock Incentive Plan approved: 27.3M for, 8.1M against.
- Say-on-pay advisory proposal passed: 30.4M for, 5.0M against.
- Ratification of FORVIS as independent auditors passed: 40.7M for, 0.5M against.

## SEC filing metadata
- accession: 0001462120-23-000041
- form_type: 8-K
- ticker: LOB
- cik: 0001462120
- company_name: Live Oak Bancshares, Inc.
- filed_at: 2023-05-18T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.15
- confidence: high
- sec_items: 5.07
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1462120/000146212023000041/0001462120-23-000041-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1462120/000146212023000041/lob-20230516.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001462120-23-000041
- JSON: https://secwatch.observer/filing/0001462120-23-000041.json
- Plain text: https://secwatch.observer/filing/0001462120-23-000041.txt

## Key facts
- Shareholder Votes
  Live Oak Bancshares, Inc. shareholders approved Amendment of the Company's Amended and Restated 2015 Omnibus Stock Incentive Plan to increase the number of shares of voting common stock issuable under such plan at the 2023-05-16 meeting.
  - Proposal: equity plan
  - Outcome: passed
  - Meeting: 2023-05-16
  source text: Shareholders approved an amendment of the Company's Amended and Restated 2015 Omnibus Stock Incentive Plan to increase the number of shares of voting common stock issuable under such plan
  evidence_url: https://www.sec.gov/Archives/edgar/data/1462120/000146212023000041/0001462120-23-000041-index.htm
- Shareholder Votes
  Live Oak Bancshares, Inc. shareholders approved Non-binding, advisory proposal to approve compensation paid to the Company's named executive officers at the 2023-05-16 meeting.
  - Proposal: say on pay
  - Outcome: passed
  - Meeting: 2023-05-16
  source text: Shareholders approved a non-binding, advisory proposal to approve compensation paid to the Company's named executive officers
  evidence_url: https://www.sec.gov/Archives/edgar/data/1462120/000146212023000041/0001462120-23-000041-index.htm
- Shareholder Votes
  Live Oak Bancshares, Inc. shareholders approved Ratification of FORVIS, LLP as the Company's independent auditors for 2023 at the 2023-05-16 meeting.
  - Proposal: auditor ratification
  - Outcome: passed
  - Meeting: 2023-05-16
  source text: Shareholders ratified FORVIS, LLP as the Company's independent auditors for 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1462120/000146212023000041/0001462120-23-000041-index.htm
- Shareholder Votes
  Live Oak Bancshares, Inc. shareholders approved Election of Directors at the 2023-05-16 meeting.
  - Proposal: director election
  - Outcome: passed
  - Meeting: 2023-05-16
  source text: Shareholders elected Tonya W. Bradford, William H. Cameron, Casey S. Crawford, 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1462120/000146212023000041/0001462120-23-000041-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.