{"schema_version":"secwatch.filing_event.v1","accession":"0001462120-25-000063","form_type":"8-K","ticker":"LOB","cik":"0001462120","company_name":"Live Oak Bancshares, Inc.","filed_at":"2025-08-04T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.030596+00:00","generated_at":"2026-05-17T21:24:52.277634+00:00","sec_items":["3.03","5.03","8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Live Oak Bancshares closes $100M preferred stock offering, net proceeds ~$96.15M","bullets":["Issued 4M depositary shares representing Series A 8.375% Fixed Rate Non-Cumulative Perpetual Preferred Stock.","Aggregate liquidation preference of $100M ($25 per depositary share).","Net proceeds of approximately $96.15M after underwriting discounts and estimated expenses.","Joint book-running managers: Morgan Stanley, RBC, UBS, and Keefe, Bruyette & Woods.","Depositary shares listed on NYSE under symbol 'LOB PR A'."],"urls":{"canonical":"https://secwatch.observer/filing/0001462120-25-000063","json":"https://secwatch.observer/filing/0001462120-25-000063.json","markdown":"https://secwatch.observer/filing/0001462120-25-000063.md","text":"https://secwatch.observer/filing/0001462120-25-000063.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1462120/000146212025000063/0001462120-25-000063-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1462120/000146212025000063/lob-20250731.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T21:24:52.277634+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"408238223db4f2c0cdf21a703f31e76a0de7f4c6","claim":"Live Oak Bancshares, Inc.: Filed Articles of Amendment to establish series of preferred stock (Series A Non-Cumulative Perpetual Preferred Stock) (effective 2025-07-31).","evidence_excerpt":"On July 31, 2025, the Company filed the Articles of Amendment with the Secretary of State of North Carolina, establishing the authorized number of shares of Series A Preferred Stock as 100,000 and providing for the voting and other powers, preferences and relative, participating, optional or other rights, and the qualifications, limitations and restrictions related to the Series A Preferred Stock.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1462120/000146212025000063/0001462120-25-000063-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2025-07-31"}],"fact_type":"governance_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}