{"schema_version":"secwatch.filing_event.v1","accession":"0001462120-23-000073","form_type":"8-K","ticker":"LOB","cik":"0001462120","company_name":"Live Oak Bancshares, Inc.","filed_at":"2023-11-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:29.135227+00:00","generated_at":"2026-06-08T02:15:41.762436+00:00","sec_items":["5.02","8.01","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Live Oak Bancshares appoints BJ Losch President, Walter Phifer CFO; Underwood resigns as President","bullets":["Neil Underwood resigned as President of Live Oak Bancshares effective Nov 14, 2023; he remains on the Board.","William (BJ) Losch III appointed President of Live Oak Bancshares; he continues as President of Live Oak Bank and steps down as CFO at year-end.","Walter Phifer appointed CFO of Live Oak Bancshares and Live Oak Bank effective Jan 1, 2024; previously Treasurer and Head of Finance.","Board declared a cash dividend of $0.03 per share, payable Dec 12, 2023 to holders of record Nov 28, 2023.","Leadership changes described as natural evolution; Underwood to focus on Canapi Ventures role."],"urls":{"canonical":"https://secwatch.observer/filing/0001462120-23-000073","json":"https://secwatch.observer/filing/0001462120-23-000073.json","markdown":"https://secwatch.observer/filing/0001462120-23-000073.md","text":"https://secwatch.observer/filing/0001462120-23-000073.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1462120/000146212023000073/0001462120-23-000073-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1462120/000146212023000073/lob-20231114.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T02:15:41.762436+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"28329db05b","claim":"Neil L. Underwood resigned as President at Live Oak Bancshares, Inc..","evidence_excerpt":"On November 14, 2023, Neil L. Underwood, President of Live Oak Bancshares, Inc. (the “Company”), the holding company for Live Oak Banking Company (the “Bank”), resigned from his role as President of the Company.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1462120/000146212023000073/0001462120-23-000073-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"President"}],"fact_type":"executive_change"},{"claim_id":"46c9c1655f","claim":"William J. Losch, III was appointed as President at Live Oak Bancshares, Inc..","evidence_excerpt":"Effective November 14, 2023, William J. Losch, III, was appointed as President of the Company.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1462120/000146212023000073/0001462120-23-000073-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"President"}],"fact_type":"executive_change"},{"claim_id":"f4edfb1e5d","claim":"Walter J. Phifer was appointed as Chief Financial Officer at Live Oak Bancshares, Inc..","evidence_excerpt":"On November 14, 2023, the board of directors of the Company and the Bank appointed Walter J. Phifer as Chief Financial Officer of the Company and the Bank, effective January 1, 2024.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1462120/000146212023000073/0001462120-23-000073-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Financial Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}