---
schema_version: "secwatch.filing_event.v1"
accession: "0001462120-25-000039"
form_type: "8-K"
ticker: "LOB"
cik: "0001462120"
company_name: "Live Oak Bancshares, Inc."
filed_at: "2025-05-08T23:59:59+00:00"
generated_at: "2026-05-22T03:52:56.459137+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Live Oak Bancshares appoints Patrick T. McHenry to board, effective May 21, 2025

## Summary
- McHenry, former Chairman of the House Financial Services Committee, joins board of Live Oak Bancshares and its banking subsidiary.
- Appointment effective May 21, 2025; term runs until 2026 annual meeting of shareholders.
- Compensation under existing non-employee director plan, pro-rated for partial term; no related party transactions disclosed.
- McHenry served 20 years in Congress, including roles as Chief Deputy Whip and Speaker Pro Tempore.

## SEC filing metadata
- accession: 0001462120-25-000039
- form_type: 8-K
- ticker: LOB
- cik: 0001462120
- company_name: Live Oak Bancshares, Inc.
- filed_at: 2025-05-08T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1462120/000146212025000039/0001462120-25-000039-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1462120/000146212025000039/lob-20250506.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001462120-25-000039
- JSON: https://secwatch.observer/filing/0001462120-25-000039.json
- Plain text: https://secwatch.observer/filing/0001462120-25-000039.txt

## Key facts
- Executive change
  Patrick Timothy McHenry was appointed as Board member at Live Oak Bancshares, Inc..
  - Action: appointed
  - Role: Board member
  source text: appointed Patrick Timothy McHenry to serve as a Board member, effective as of May 21, 2025.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1462120/000146212025000039/0001462120-25-000039-index.htm

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