secwatch.observer — SEC 8-K summary
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Issuer:     Live Oak Bancshares, Inc. (LOB)
CIK:        0001462120
Form:       8-K
Filed at:   2025-05-22T23:59:59+00:00
Accession:  0001462120-25-000046
Event type: other_material
Sentiment:  neutral
Materiality: 0.15
Item codes: 5.07
LLM model:  deepseek-v4-flash:cloud@v2

Live Oak Bancshares holds 2025 annual meeting, elects directors and approves Say on Pay
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- All eight director nominees elected; David G. Lucht received lowest support (20.3M for, 15.1M withheld).
- Advisory vote on executive compensation passed with 23.7M for (67%) vs 11.6M against.
- Shareholders ratified KPMG LLP as 2025 auditor with 40.7M for, 59K against.
- Shareholders approved annual Say on Pay frequency (33.3M for 1 year); company will hold vote each year.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1462120/000146212025000046/0001462120-25-000046-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1462120/000146212025000046/lob-20250520.htm
  HTML page:      https://secwatch.observer/filing/0001462120-25-000046

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