secwatch.observer — SEC 8-K summary
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Issuer:     COMMUNITY TRUST BANCORP INC /KY/ (CTBI)
CIK:        0000350852
Form:       8-K
Filed at:   2023-01-26T23:59:59+00:00
Accession:  0000350852-23-000040
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/350852/000035085223000040/0000350852-23-000040-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/350852/000035085223000040/execcomp8k.htm
  HTML page:      https://secwatch.observer/filing/0000350852-23-000040

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