Form 8-K · Item 4.02 · Non-reliance
Live Oak Bancshares, Inc.: non-reliance on previously issued financial statements
Live Oak Bancshares, Inc. reported in a Form 8-K filed November 12, 2025, that on November 10, 2025, its audit committee concluded that previously issued financial statements should no longer be relied upon: the Company’s previously issued Consolidated Statement of Cash Flows within the Financial Statements included in the Prior Filings; KPMG’s report on the Company’s internal control over financial reporting as of December 31, 2024.
In the filing's words
The Company’s management, in consultation with the Audit Committee of the Company’s Board of Directors, determined on November 10, 2025, that the Company’s previously issued Consolidated Statement of Cash Flows within the Financial Statements included in the Prior Filings and the associated reports of the Company’s current and prior registered accounting firms should no longer be relied upon.
KPMG’s report on the Company’s internal control over financial reporting as of December 31, 2024, should no longer be relied upon.
The Company’s Audit Committee has discussed the matters disclosed in this Item 4.02 with its current independent registered public accounting firm, KPMG LLP, and management of the Company has discussed the matters with the Company’s prior independent registered public accounting firm, Forvis Mazars, LLP.
Verbatim from sec.gov, Item 4.02 (Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review). We quote the filing; we do not characterize it.
| Company | Live Oak Bancshares, Inc. |
|---|---|
| Ticker | LOB |
| Form and item | 8-K, Item 4.02 |
| Filed with the SEC | November 12, 2025 |
| Statements no longer relied upon |
|
| Concluded by | audit committee |
| Date of the conclusion | November 10, 2025 |
| Discussed with the accountant | yes |
| Accession number | 0001462120-25-000096 |
| SEC CIK | 0001462120 |
Live Oak Bancshares, Inc. reported under Form 8-K Item 4.02 (Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review), filed November 12, 2025. The filing's own words are quoted above.
Sources
- sec.gov · SEC filing, Form 8-K, Item 4.02 · accessed 2026-10-25
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