---
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"
generated_at: "2026-06-18T20:25:31.113372+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Chief Accounting Officer J. Wesley Sutherland departs; CFO Walter J. Phifer assumes interim role

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001462120-26-000047
- JSON: https://secwatch.observer/filing/0001462120-26-000047.json
- Plain text: https://secwatch.observer/filing/0001462120-26-000047.txt

## Key facts
- Executive change
  J. Wesley Sutherland departed as Chief Accounting Officer at Live Oak Bancshares, Inc..
  - Action: will no longer serve
  - Role: Chief Accounting Officer
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1462120/000146212026000047/0001462120-26-000047-index.htm
- Executive change
  Walter J. Phifer was appointed as Principal Accounting Officer at Live Oak Bancshares, Inc..
  - Action: assumed
  - Role: Principal Accounting Officer
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1462120/000146212026000047/0001462120-26-000047-index.htm

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