Live Oak Bancshares, Inc 8-K, filed May 18, 2023
Live Oak Bancshares, Inc. (LOB)
8-K
2023-05-18
For: 2023-05-16
View Original
Added on
April 08, 2026
About this 8-K
Live Oak Bancshares, Inc filed this 8-K on May 18, 2023, reporting on events of May 16, 2023.
Items reported
- Item 5.07: Shareholder vote results
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): May 16, 2023
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Registrant’s Telephone Number, Including Area Code: (910 ) 790-5867
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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:
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Securities registered pursuant to Section 12(b) of the Act:
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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).
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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. o
Item 5.07. Submission of Matters to a Vote of Security Holders.
(a) The 2023 Annual Meeting of Shareholders (the “Annual Meeting”) of Live Oak Bancshares, Inc. (the “Company”) was held on May 16, 2023. On March 10, 2023, the record date for the Annual Meeting, 44,240,800 shares of the Company’s voting common stock were issued and outstanding, of which 41,173,463 were present for purposes of establishing a quorum.
(b) Shareholders voted on the following matters at the Annual Meeting:
(1) Shareholders elected Tonya W. Bradford, William H. Cameron, Casey S. Crawford, Diane B. Glossman, Glen F. Hoffsis, David G. Lucht, James S. Mahan III, Miltom E. Petty, Neil L. Underwood, Yousef A. Valine, and William L. Williams III to the Board of Directors for terms of one year;
(2) Shareholders approved an amendment of the Company’s Amended and Restated 2015 Omnibus Stock Incentive Plan to increase the number of shares of voting common stock issuable under such plan;
(3) Shareholders approved a non-binding, advisory proposal to approve compensation paid to the Company’s named executive officers;
(4) Shareholders ratified FORVIS, LLP as the Company’s independent auditors for 2023.
Set forth below are the number of votes cast for or against each such matter as well as the number of abstentions and broker non-votes with respect to such matter.
| Item | For | Against | Withheld/Abstain | Broker Non-Votes | ||||||||||
| Election of Directors | ||||||||||||||
| Tonya W. Bradford | 29,632,299 | __ | 5,934,276 | 5,606,888 | ||||||||||
| William H. Cameron | 28,546,467 | __ | 7,020,108 | 5,606,888 | ||||||||||
| Casey S. Crawford | 35,522,787 | __ | 43,788 | 5,606,888 | ||||||||||
| Diane B. Glossman | 26,501,612 | __ | 9,064,963 | 5,606,888 | ||||||||||
| Glen F. Hoffsis | 30,405,740 | __ | 5,160,835 | 5,606,888 | ||||||||||
| David G. Lucht | 33,834,849 | __ | 1,731,726 | 5,606,888 | ||||||||||
| James S. Mahan III | 35,203,720 | __ | 362,855 | 5,606,888 | ||||||||||
| Miltom E. Petty | 23,146,708 | __ | 12,419,867 | 5,606,888 | ||||||||||
| Neil L. Underwood | 35,268,570 | __ | 298,005 | 5,606,888 | ||||||||||
| Yousef A. Valine | 35,501,783 | __ | 64,792 | 5,606,888 | ||||||||||
| William L. Williams III | 35,269,337 | __ | 297,238 | 5,606,888 | ||||||||||
| Amendment of the Company’s 2015 Amended and Restated Omnibus Stock Incentive Plan | 27,323,928 | 8,143,849 | 98,798 | 5,606,888 | ||||||||||
| Advisory proposal to approve compensation paid to the Company’s named executive officers | 30,410,669 | 5,014,188 | 141,718 | 5,606,888 | ||||||||||
| Ratification of the Selection of FORVIS, LLP as Independent Auditors of the Company for 2023 | 40,666,163 | 466,066 | 41,234 | __ | ||||||||||
(c) Not applicable.
(d) Not applicable.
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: May 18, 2023 | By: | /s/ Gregory W. Seward | ||||||
| Gregory W. Seward General Counsel | ||||||||