On June 18, 2026, Live Oak Bancshares, Inc. (the “Company”) announced that J. Wesley Sutherland will no longer serve as the Chief Accounting Officer of the Company or its subsidiary Live Oak Banking Company (the “Bank”).
Effective June 16, 2026, Walter J. Phifer assumed the role of Principal Accounting Officer on an interim basis while the Company completes an external search for a successor to Mr. Sutherland.
Key facts
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Executive changeSEC 8-K Item 5.02confidence 0.95
J. Wesley Sutherland departed as Chief Accounting Officer at Live Oak Bancshares, Inc..
Action
will no longer serve
Role
Chief Accounting Officer
Exact text from the filing
On June 18, 2026, Live Oak Bancshares, Inc. (the “Company”) announced that J. Wesley Sutherland will no longer serve as the Chief Accounting Officer of the Company or its subsidiary Live Oak Banking Company (the “Bank”).
Walter J. Phifer was appointed as Principal Accounting Officer at Live Oak Bancshares, Inc..
Action
assumed
Role
Principal Accounting Officer
Exact text from the filing
Effective June 16, 2026, Walter J. Phifer assumed the role of Principal Accounting Officer on an interim basis while the Company completes an external search for a successor to Mr. Sutherland.
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