Live Oak Bancshares Management

How experienced are the management team and are they aligned to shareholders interests?

7.4yrs

Average management tenure

CEO

Chip Mahan (70 yo)

15.17yrs

Tenure

US$884,380

Compensation

Mr. James S. Mahan III, also known as Chip, serves as Managing Partner at CenterHarbor Canapi Ventures Investment Advisor LLC (formerly known as Canapi Ventures). He serves as a Director of Finxact LLC. He...

CEO Compensation Analysis

How has Chip Mahan's remuneration changed compared to Live Oak Bancshares's earnings?
Date	Total Comp.	Salary	Company Earnings
Dec 31 2022	n/a	n/a	US$176m
Sep 30 2022	n/a	n/a	US$205m
Jun 30 2022	n/a	n/a	US$196m
Mar 31 2022	n/a	n/a	US$162m
Dec 31 2021	US$884k	US$513k	US$167m
Sep 30 2021	n/a	n/a	US$166m
Jun 30 2021	n/a	n/a	US$166m
Mar 31 2021	n/a	n/a	US$107m
Dec 31 2020	US$822k	US$511k	US$60m
Sep 30 2020	n/a	n/a	US$37m
Jun 30 2020	n/a	n/a	US$7m
Mar 31 2020	n/a	n/a	US$8m
Dec 31 2019	US$716k	US$511k	US$18m
Sep 30 2019	n/a	n/a	US$22m
Jun 30 2019	n/a	n/a	US$32m
Mar 31 2019	n/a	n/a	US$41m
Dec 31 2018	US$987k	US$511k	US$51m
Sep 30 2018	n/a	n/a	US$113m
Jun 30 2018	n/a	n/a	US$111m
Mar 31 2018	n/a	n/a	US$107m
Dec 31 2017	US$802k	US$511k	US$100m
Sep 30 2017	n/a	n/a	US$34m
Jun 30 2017	n/a	n/a	US$25m
Mar 31 2017	n/a	n/a	US$15m
Dec 31 2016	US$805k	US$511k	US$14m

Leadership Team

Name	Position	Tenure	Compensation	Ownership
James Mahan	Chairman & CEO	no data	US$884.38k	15.34% $ 190.5m
Neil Underwood	President & Director	12.17yrs	US$979.08k	3.48% $ 43.3m
William Losch	CFO & Chief Banking Officer	1.5yrs	US$13.58m	0.082% $ 1.0m
Huntley Garriott	President of Live Oak Banking Company	4.5yrs	US$26.39m	1% $ 12.4m
Renato Derraik	Chief Information & Digital Officer of Bank	1.75yrs	US$8.27m	0.039% $ 485.9k
William Williams	Vice Chairman & Executive VP	15.17yrs	no data	3.04% $ 37.8m
Mark Moroz	Executive VP & Head of Operations and Payments	1yr	no data	no data
John Sutherland	Chief Accounting Officer	9.17yrs	no data	0.17% $ 2.1m
Gregory Seward	Chief Risk Officer & General Counsel	7.42yrs	US$979.36k	0.19% $ 2.4m
Claire Parker	Senior Vice President of Corporate Communications	no data	no data	no data
Micah Davis	Chief Marketing & Communications Officer	no data	no data	no data
Steven Smits	Chief Credit Officer	8.08yrs	US$762.50k	0.39% $ 4.8m

7.4yrs

Average Tenure

51yo

Average Age

Board Members

Name	Position	Tenure	Compensation	Ownership
James Mahan	Chairman & CEO	15.17yrs	US$884.38k	15.34% $ 190.5m
Neil Underwood	President & Director	15.17yrs	US$979.08k	3.48% $ 43.3m
William Williams	Vice Chairman & Executive VP	15.17yrs	no data	3.04% $ 37.8m
Diane Glossman	Independent Director	8.58yrs	US$190.85k	0.15% $ 1.8m
David Lucht	Director	2.08yrs	US$158.79k	0.031% $ 385.1k
William Cameron	Independent Director	9.33yrs	US$163.35k	0.38% $ 4.8m
Yousef Valine	Director	0.50yr	no data	0.0034% $ 42.2k
Miltom Petty	Independent Director	12.58yrs	US$172.69k	0.23% $ 2.8m
Casey Crawford	Director	0.67yr	no data	no data
Glen Hoffsis	Independent Director	15.17yrs	US$150.02k	0.25% $ 3.1m
Tonya Bradford	Independent Director	2.5yrs	US$165.02k	0.0063% $ 78.6k

9.3yrs

Average Tenure

66yo