---
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"
generated_at: "2026-05-26T19:49:30.251963+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Director Glossman exits board; executives awarded $190K cash and 87K RSUs

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001462120-25-000008
- JSON: https://secwatch.observer/filing/0001462120-25-000008.json
- Plain text: https://secwatch.observer/filing/0001462120-25-000008.txt

## Key facts
- Executive change
  Diane B. Glossman departed as Director at Live Oak Bancshares, Inc..
  - Action: not stand for re-election
  - Role: Director
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1462120/000146212025000008/0001462120-25-000008-index.htm

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