AGM/EGMMay 22, 2026, 04:13 PM
Live Oak Bancshares Shareholders Approve Equity Plans, Elect Directors
AI Summary
Live Oak Bancshares, Inc. held its 2026 Annual Meeting of Shareholders on May 19, 2026. Shareholders approved the 2026 Omnibus Stock Incentive Plan and the 2026 Employee Stock Purchase Plan. Additionally, ten directors were elected to the Board for one-year terms, and KPMG, LLP was ratified as the independent auditor for 2026. Shareholders also provided non-binding advisory approval for the compensation paid to the company's named executive officers.
Key Highlights
- Shareholders approved the 2026 Omnibus Stock Incentive Plan.
- Shareholders approved the 2026 Employee Stock Purchase Plan.
- Ten directors were elected to the Board for one-year terms.
- Executive compensation received non-binding advisory approval.
- KPMG, LLP was ratified as the independent auditor for 2026.
- 42,159,893 shares were present for quorum at the Annual Meeting.
- The Omnibus Plan was approved with 25,509,462 votes For.
- The ESPP was approved with 35,593,365 votes For.
Price Impact
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