secwatch.observer — SEC 8-K summary
======================================

Issuer:     Live Oak Bancshares, Inc. (LOB)
CIK:        0001462120
Form:       8-K
Filed at:   2023-11-15T23:59:59+00:00
Accession:  0001462120-23-000073
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Live Oak Bancshares appoints BJ Losch President, Walter Phifer CFO; Underwood resigns as President
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1462120/000146212023000073/0001462120-23-000073-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1462120/000146212023000073/lob-20231114.htm
  HTML page:      https://secwatch.observer/filing/0001462120-23-000073

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer