secwatch.observer — SEC 8-K summary
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Issuer:     Live Oak Bancshares, Inc. (LOB)
CIK:        0001462120
Form:       8-K
Filed at:   2025-08-12T23:59:59+00:00
Accession:  0001462120-25-000070
Event type: leadership
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Live Oak Bancshares appoints Jeffrey W. Lunsford to board of directors
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- Lunsford appointed to board of Live Oak Bancshares and Live Oak Bank, effective August 12, 2025.
- He is Chairman/CEO of Tealium, former CEO of Limelight Networks and WebSideStory; co-founded DefenseStorm.
- Lunsford and immediate family own 8.83% of DefenseStorm; other directors/officers own 3.96%; Live Oak Ventures owns 4.49%.
- Bank paid DefenseStorm $469,152 in 2024 and $484,881 in 2025 for cybersecurity services.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1462120/000146212025000070/0001462120-25-000070-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1462120/000146212025000070/lob-20250812.htm
  HTML page:      https://secwatch.observer/filing/0001462120-25-000070

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