secwatch.observer — SEC 8-K summary
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Issuer:     COMMUNITY TRUST BANCORP INC /KY/ (CTBI)
CIK:        0000350852
Form:       8-K
Filed at:   2024-01-25T23:59:59+00:00
Accession:  0000350852-24-000033
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/350852/000035085224000033/0000350852-24-000033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/350852/000035085224000033/ctbi2024exec_director8k.htm
  HTML page:      https://secwatch.observer/filing/0000350852-24-000033

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