---
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"
generated_at: "2026-05-17T21:24:52.277634+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Live Oak Bancshares closes $100M preferred stock offering, net proceeds ~$96.15M

## Summary
- 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'.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 3.03, 5.03, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001462120-25-000063
- JSON: https://secwatch.observer/filing/0001462120-25-000063.json
- Plain text: https://secwatch.observer/filing/0001462120-25-000063.txt

## Key facts
- Governance Changes
  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).
  - Change: charter amendment
  - Effective: 2025-07-31
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1462120/000146212025000063/0001462120-25-000063-index.htm

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