{"schema_version":"secwatch.filing_event.v1","accession":"0001462120-25-000008","form_type":"8-K","ticker":"LOB","cik":"0001462120","company_name":"Live Oak Bancshares, Inc.","filed_at":"2025-02-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:03.696229+00:00","generated_at":"2026-05-26T19:49:30.251963+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Director Glossman exits board; executives awarded $190K cash and 87K RSUs","bullets":["Director Diane B. Glossman will not stand for re-election at 2025 annual meeting; departure not due to any disagreement.","Cash bonuses ($190.6K total) and RSUs (87,197 total) awarded to five NEOs: Losch, Derraik, Mann, Phifer, Seward.","CEO James S. Mahan III received no equity award; committee cited his substantial existing stock ownership.","RSUs vest in five equal annual installments beginning Feb 10, 2026; forfeited if employment ends before Feb 10, 2030."],"urls":{"canonical":"https://secwatch.observer/filing/0001462120-25-000008","json":"https://secwatch.observer/filing/0001462120-25-000008.json","markdown":"https://secwatch.observer/filing/0001462120-25-000008.md","text":"https://secwatch.observer/filing/0001462120-25-000008.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1462120/000146212025000008/0001462120-25-000008-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1462120/000146212025000008/lob-20250210.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-26T19:49:30.251963+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":"c525adb683","claim":"Diane B. Glossman departed as Director at Live Oak Bancshares, Inc..","evidence_excerpt":"On February 11, 2025, Diane B. Glossman notified the Board of Directors of Live Oak Bancshares, Inc. (the “Company”) that she has decided not to stand for re-election to the Board of Directors at the Company’s 2025 Annual Meeting of Shareholders (the “Annual Meeting”).","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1462120/000146212025000008/0001462120-25-000008-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"not stand for re-election"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}