lob-8k_20220701.htm

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 1, 2022

LIVE OAK BANCSHARES, INC.

(Exact name of registrant as specified in its charter)

North Carolina	001-37497	26-4596286

(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

1741 Tiburon Drive, Wilmington, NC		28403

(Address of principal executive offices)		(Zip Code)

Registrant’s Telephone Number, Including Area Code: (910) 790-5867

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Voting Common Stock, no par value per share	LOB	The NASDAQ Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01. Other Events.

On July 1, 2022, Live Oak Bancshares, Inc. (the “Company”) expanded roles for four members of its senior management team. William C. (BJ) Losch III, was named Chief Banking Officer, expanding his role to lead the Company’s lending, deposits and related operations in addition to his role as Chief Financial Officer. Stephanie A. Mann was named Chief Strategy Officer, expanding her role leading corporate strategy, development, Live Oak Ventures, Inc. and Live Oak Private Wealth, LLC. Courtney C. Spencer was named Chief Experience Officer, expanding her strategic oversight of the employee experience to incorporate facilities management and related operations. Gregory W. Seward was named Chief Risk Officer & General Counsel, incorporating legal, compliance, and risk management under his leadership, after Susan N. Janson informed the Company of her intent to retire in 2023.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	LIVE OAK BANCSHARES, INC.

Date: July 7, 2022	By:	/s/ William C. Losch III
		William C. Losch III
		Chief Financial Officer & Chief Banking Officer

Live Oak Bancshares Inc. filed SEC Form 8-K: Other Events