---
schema_version: "secwatch.filing_event.v1"
accession: "0000350852-24-000033"
form_type: "8-K"
ticker: "CTBI"
cik: "0000350852"
company_name: "COMMUNITY TRUST BANCORP INC /KY/"
filed_at: "2024-01-25T23:59:59+00:00"
generated_at: "2026-06-06T18:39:18.963266+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Community Trust Bancorp names Gooch Chairman, adds director Sandlin, approves 2024 incentive plans

## Summary
- Mark Gooch (CEO) to become Chairman effective March 17, 2024; Crit Luallen appointed Vice Chairman and lead independent director.
- Jeff Sandlin appointed independent director; will serve on Audit, Asset Quality, and Risk & Compliance committees.
- James Draughn (EVP) to retire Jan 31, 2025; Thomas McCoy to assume his responsibilities.
- NEOs received 2023 discretionary cash awards (e.g., Gooch $81,938) and long-term incentive payments (e.g., Gooch $220,500).
- 2024 incentive plans use base targets: ROAA 1.36%, EPS $4.40, net income $79.2M.

## SEC filing metadata
- accession: 0000350852-24-000033
- form_type: 8-K
- ticker: CTBI
- cik: 0000350852
- company_name: COMMUNITY TRUST BANCORP INC /KY/
- filed_at: 2024-01-25T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/350852/000035085224000033/0000350852-24-000033-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/350852/000035085224000033/ctbi2024exec_director8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000350852-24-000033
- JSON: https://secwatch.observer/filing/0000350852-24-000033.json
- Plain text: https://secwatch.observer/filing/0000350852-24-000033.txt

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