Matthew S. Diffley was named Principal Accounting Officer of Live Oak Bancshares, Inc., effective July 1, 2026. As of November 6, 2026, Live Oak Bancshares, Inc. has reported 3 leadership change filings to the SEC under Item 5.02 of Form 8-K, from June 18, 2026 to October 20, 2026, naming 1 appointment and 1 departure (Form 8-K, July 2, 2026).
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Key facts
- · In / out: Out · Person: Renato Derraik · 8-K, 2026-10-20
- · In / out: In · Person: Matthew S. Diffley · Role: Principal Accounting Officer · Effective: 2026-07-01 · 8-K, 2026-07-02
- · In / out: Reported · Person: not named in the filing · 8-K, 2026-06-18
Live Oak Bancshares, Inc. reported changes in 3 filings among its directors and officers to the SEC on Form 8-K, Item 5.02, from 2026-06-18 to 2026-10-20. They name 2 people, with 1 appointment and 1 departure. Every row below is cited to the filing it comes from, and this page adds each new change as Live Oak Bancshares, Inc. files it.
Also on the record for Live Oak Bancshares, Inc.
| Date | Record | Figure | Our page | Source |
|---|---|---|---|---|
| March 27, 2026 | Stake report, Schedule 13G/A, by The Vanguard Group | — | 5%+ stakes | Source |
| February 5, 2026 | Stake report, Schedule 13G/A, by MAHAN JAMES S III | 14.4% of the class | 5%+ stakes | Source |
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Companies that share a holder
- The Vanguard Group also filed stake reports on 2384 other companies: BellRing Brands, Inc. (Sep 2026), CAL-MAINE FOODS INC (Sep 2026), FTAI Aviation Ltd. (Sep 2026)
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Timeline
| Filed | In / out | Person | Role | Effective | Source |
|---|---|---|---|---|---|
| 2026-10-20 | Out | 8-K, 2026-10-20 | |||
| 2026-07-02 | In | Principal Accounting Officer | 2026-07-01 | 8-K, 2026-07-02 | |
| 2026-06-18 | Reported | not named in the filing | 8-K, 2026-06-18 |
Who leads Live Oak Bancshares, Inc., as last reported?
For each role that changed in the filings below, the most recent change reported. A role that did not change in these filings is not listed.
- Principal Accounting Officer: Matthew S. Diffley, appointed, effective 2026-07-01 (filed 2026-07-02).
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Find candidates like Principal Accounting Officer at Live Oak Bancshares, Inc.Every change, in the filing's words
Departing: Renato Derraik
(b) On October 14, 2026, Renato Derraik notified Live Oak Bancshares, Inc. (the "Company") of his resignation as the Chief Information & Digital Officer of Live Oak Banking Company (the "Bank"), in order to pursue other endeavors.
- Mr. Derraik's last day of employment with the Bank will be November 6, 2026.
Appointed: Matthew S. Diffley, Principal Accounting Officer, effective 2026-07-01
Effective July 1, 2026, the Board of Directors of Live Oak Bancshares, Inc., (the "Company") appointed Mr. Diffley as the Company's Principal Accounting Officer ("PAO").
- On June 29, 2026, Matthew S. Diffley, age 46, joined Live Oak Banking Company (the "Bank") as its Chief Accounting Officer.
- Mr. Diffley replaces Walter J. Phifer who served as interim PAO of the Company since June 16, 2026, as previously announced.
- Prior to his employment with the Bank, Mr. Diffley served as the Senior Vice President, Controller for Seacoast Banking Corporation of Florida since June 2020.
- In connection with his employment, the Company expects to grant Mr. Diffley a restricted stock unit ("RSU") award representing shares of the Company's voting common stock with a grant date fair value of $200,000, which will vest in five equal installments beginning on the first anniversary of the date of grant.
- This RSU award is subject to approval by the Compensation Committee of the Board of Directors.
- Mr. Diffley will be reimbursed for reasonable relocation expenses and be eligible to participate in applicable employee benefit plans and perquisite programs of the Company, which are generally available to other employees, and will be eligible to participate in the Company's annual discretionary cash bonus awards and discretionary equity compensation awards.
Reported
The Company expects that Mr. Sutherland will remain employed with the Bank as a Senior Advisor assisting with the transition until he retires on or about September 30, 2026.
- 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").
- 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.
- Mr. Phifer has been with the Bank since 2015 and has served as Chief Financial Officer of the Company and the Bank since January 2024.
- Prior to becoming Chief Financial Officer, he served as Treasurer and Head of Finance, Planning and Analysis.
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Where this comes from
A public company must file a current report on Form 8-K with the SEC within four business days when a director leaves or is elected, or when its chief executive, chief financial, chief accounting or chief operating officer, or another named executive, departs or is appointed. That disclosure goes under Item 5.02 of the report.
Every change on this page is taken from one of those filings and quoted in the company's own words, with a link to the filing, so it can be checked at the source. Where a filing names the person, the role and the date a change takes effect, they are shown beside the quote. Where it does not, the quote stands on its own. A filing states what changed; it rarely states why, and neither does this page.