8-K

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): January 6, 2016

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))

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On January 6, 2016, the Board of Directors of Live Oak Banchares, Inc. (the "Company") appointed Greg Thompson to the role of Chief Operating Officer. Mr. Thompson, 52, recently joined Live Oak to lead the newly launched e-Lending initiative. Prior to joining Live Oak, Mr. Thompson was Executive Vice President of Shared Services at Square 1 Bank. Before joining Square 1 Bank, he was Managing Director of GB Thompson and Associates, LLC, providing bank advisory and consulting services to community banks in the Carolinas from September 2009 until August 2011.

A copy of the Company's press release announcing Mr. Thompson's appointment is filed as Exhibit 99.1 hereto and incorporated by reference herein.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.	Description
99.1	Press release dated January 7, 2016

SIGNATURES

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

	LIVE OAK BANCSHARES, INC.
	By:	/s/ S. Brett Caines
		S. Brett Caines
		Chief Financial Officer
Dated: January 8, 2016

EX-99.1

January 7, 2016

For Immediate Release

Contacts:

Brett Caines| CFO

Investor Relations

910.796.1645

Micah Davis | Marketing Director

Media Relations

910.550.2255

Live Oak Bancshares Names Greg Thompson to New Chief Operating Officer (COO) Role

Wilmington, N.C. January 7, 2016 (GLOBE NEWSWIRE) -- Live Oak Bancshares (“Live Oak”) (NASDAQ: LOB) today announced that its Board of Directors has promoted Greg Thompson to the role of Chief Operating Officer. With the promotion of Thompson, Live Oak is adding management depth to support its fast growing business. Thompson will continue to report to Neil Underwood, President of Live Oak.

“With new vertical growth, critical initiatives such as e-Lending and our deposits platform build-out, comes the need to add seasoned management experience to the team. Greg’s background in technology and operations makes him uniquely qualified to help us further scale the business,” said Underwood.

Prior to joining Live Oak, Thompson was Executive Vice President of Shared Services at Square 1 Bank. He recently joined Live Oak to lead the newly launched e-Lending initiative. As a veteran of the financial services industry with over 30 years of experience, Thompson is well-suited to take on the day-to-day management of Live Oak’s operations.

About Live Oak Bancshares, Inc.

Live Oak Bancshares, Inc. (Nasdaq: LOB) is the parent company and registered bank holding company of Live Oak Banking Company, a national online platform for small business lending.

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