secwatch.observer — SEC 8-K summary
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Issuer:     Live Oak Bancshares, Inc. (LOB)
CIK:        0001462120
Form:       8-K
Filed at:   2025-05-08T23:59:59+00:00
Accession:  0001462120-25-000039
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1462120/000146212025000039/0001462120-25-000039-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1462120/000146212025000039/lob-20250506.htm
  HTML page:      https://secwatch.observer/filing/0001462120-25-000039

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