Live Oak Acquisition Corp. V 8-K

What Happened

• Live Oak Acquisition Corp. V announced that on February 25, 2026 it appointed Somak Chivavibul (age 59) as a Class I director, effective immediately. The Board determined Mr. Chivavibul is an independent director and named him a member of the audit committee and chair of the compensation committee.
• Mr. Chivavibul brings more than 25 years of public-company finance and capital markets experience, including roles as CFO of Navient Corporation (May 2014–Apr 2017), Chief Decision Management Officer at Navient (Apr 2017–Feb 2018), and senior finance/treasury roles at Sallie Mae (Apr 1992–Apr 2014). He has served as a director of Gift Hero, Inc. since 2018, began his career at Ernst & Young, holds a bachelor’s in accounting from the University of Maryland, and passed the CPA exam.

Key Details

• Appointment date: February 25, 2026 (effective immediately).
• Board roles: Independent Class I director; audit committee member; chair of compensation committee.
• Relevant background: Former CFO of Navient (May 2014–Apr 2017); over 25 years in public company finance and SEC reporting.
• Governance/legal: No family relationships or reportable related-party transactions disclosed; Mr. Chivavibul signed a joinder to the company’s February 27, 2025 letter agreement (as amended Nov 14, 2025) and an indemnification agreement similar to those for other officers/directors.

Why It Matters

• The appointment adds an experienced finance executive to Live Oak V’s board and places him on committees responsible for financial oversight (audit) and executive compensation—areas important for investor confidence and regulatory compliance.
• For retail investors, the change is a governance update: an independent director with CFO and SEC-reporting experience may strengthen oversight during the SPAC’s life-cycle and any potential business combination process.