secwatch.observer — SEC 8-K summary
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Issuer:     Live Oak Bancshares, Inc. (LOB)
CIK:        0001462120
Form:       8-K
Filed at:   2025-02-14T23:59:59+00:00
Accession:  0001462120-25-000008
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1462120/000146212025000008/0001462120-25-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1462120/000146212025000008/lob-20250210.htm
  HTML page:      https://secwatch.observer/filing/0001462120-25-000008

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