---
schema_version: "secwatch.filing_event.v1"
accession: "0000350852-23-000040"
form_type: "8-K"
ticker: "CTBI"
cik: "0000350852"
company_name: "COMMUNITY TRUST BANCORP INC /KY/"
filed_at: "2023-01-26T23:59:59+00:00"
generated_at: "2026-06-20T08:35:28.034084+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# CTBI boosts CEO salary to $655.5K, awards $1.2M in 2022 cash bonuses to top execs

## Summary
- CEO Mark Gooch salary raised to $655,500; CFO Stumbo to $353,500; EVP Draughn to $343,000.
- 2022 cash incentives paid: Gooch $630K, Stumbo $204K, Draughn $198K, retired Jones $192K.
- Long-term 2020 plan paid Gooch $213,750; Stumbo $94,500; Draughn $90,600; Jones $90,000.
- Restricted stock grants: Gooch 3,425 shares, Stumbo 1,386, Draughn 1,345 (four-year vest).
- 2023 incentive plan targets ROAA 1.53%, EPS $4.66, net income $83.68M.

## SEC filing metadata
- accession: 0000350852-23-000040
- form_type: 8-K
- ticker: CTBI
- cik: 0000350852
- company_name: COMMUNITY TRUST BANCORP INC /KY/
- filed_at: 2023-01-26T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/350852/000035085223000040/0000350852-23-000040-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/350852/000035085223000040/execcomp8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000350852-23-000040
- JSON: https://secwatch.observer/filing/0000350852-23-000040.json
- Plain text: https://secwatch.observer/filing/0000350852-23-000040.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.