{"schema_version":"secwatch.filing_event.v1","accession":"0001462120-26-000047","form_type":"8-K","ticker":"LOB","cik":"0001462120","company_name":"Live Oak Bancshares, Inc.","filed_at":"2026-06-18T20:15:50+00:00","discovered_at":"2026-06-18T20:17:00.296860+00:00","generated_at":"2026-06-18T20:25:31.113372+00:00","sec_items":["5.02"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Chief Accounting Officer J. Wesley Sutherland departs; CFO Walter J. Phifer assumes interim role","bullets":["J. Wesley Sutherland ceased as CAO effective June 16, 2026.","CFO Walter J. Phifer appointed interim Principal Accounting Officer.","External search for a permanent CAO is underway.","Sutherland to stay as Senior Advisor until retirement around Sept 30, 2026."],"urls":{"canonical":"https://secwatch.observer/filing/0001462120-26-000047","json":"https://secwatch.observer/filing/0001462120-26-000047.json","markdown":"https://secwatch.observer/filing/0001462120-26-000047.md","text":"https://secwatch.observer/filing/0001462120-26-000047.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1462120/000146212026000047/0001462120-26-000047-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1462120/000146212026000047/lob-20260616.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T20:25:31.113372+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":"642d0e1e89","claim":"J. Wesley Sutherland departed as Chief Accounting Officer at Live Oak Bancshares, Inc..","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1462120/000146212026000047/0001462120-26-000047-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"will no longer serve"},{"label":"Role","value":"Chief Accounting Officer"}],"fact_type":"executive_change"},{"claim_id":"e7df0ebee5","claim":"Walter J. Phifer was appointed as Principal Accounting Officer at Live Oak Bancshares, Inc..","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1462120/000146212026000047/0001462120-26-000047-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"assumed"},{"label":"Role","value":"Principal Accounting Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}