---
schema_version: "secwatch.filing_event.v1"
accession: "0001462120-24-000025"
form_type: "8-K"
ticker: "LOB"
cik: "0001462120"
company_name: "Live Oak Bancshares, Inc."
filed_at: "2024-04-04T23:59:59+00:00"
generated_at: "2026-06-04T02:16:46.867295+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.2
calibrated_materiality_score: 0.2
confidence: "high"
source: SEC EDGAR
---

# Live Oak director Hoffsis intends to retire at 2025 shareholder meeting

## Summary
- Glen F. Hoffsis informed the Board on April 1, 2024 of his plan to retire at the 2025 annual meeting.
- Retirement is conditional on his reelection at the 2024 annual meeting; he would serve an additional year.
- Dr. Hoffsis's retirement is not due to any disagreement with the Company on operations, policies, or practices.

## SEC filing metadata
- accession: 0001462120-24-000025
- form_type: 8-K
- ticker: LOB
- cik: 0001462120
- company_name: Live Oak Bancshares, Inc.
- filed_at: 2024-04-04T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.2
- calibrated_materiality_score: 0.2
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1462120/000146212024000025/0001462120-24-000025-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1462120/000146212024000025/lob-20240401.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001462120-24-000025
- JSON: https://secwatch.observer/filing/0001462120-24-000025.json
- Plain text: https://secwatch.observer/filing/0001462120-24-000025.txt

## Key facts
- Executive change
  Glen F. Hoffsis departed as Director at Live Oak Bancshares, Inc..
  - Action: retire
  - Role: Director
  source text: On April 1, 2024, Glen F. Hoffsis informed the Board of Directors of Live Oak Bancshares, Inc. (the “Company”) and Live Oak Banking Company, the wholly owned bank subsidiary of the Company (the “Bank”), that in the event he is reelected as a director at the Company’s 2024 annual meeting of shareholders, he intends to serve for an additional year and retire from the Boards of Directors of the Company and the Bank effective at the Company’s 2025 annual meeting of shareholders.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1462120/000146212024000025/0001462120-24-000025-index.htm

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