CTBI approves 2025 executive compensation plans; CEO salary up to $725K, VP Draughn retiring Jan 31

COMMUNITY TRUST BANCORP INC /KY/

CEO Mark Gooch annual base salary raised to $725,000; CFO Stumbo to $400,000.
EVP James Draughn retiring Jan 31, 2025; received $107K cash incentive and $66K long-term award.
2025 senior management plan targets EPS of $4.96, ROAA of 1.44%, net income $89.87M.
Restricted stock grants: Gooch 2,561 shares, Stumbo 1,031, others 925-1,059 shares.
2024 cash incentives paid Jan 2025: CEO $342,750, CFO $110,400, others $99K-$113K.

item 1.01 item 5.02 item 9.01

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Departed

James B. Draughn

Executive Vice President

CTBI · COMMUNITY TRUST BANCORP INC /KY/

Effective: 2025-01-31
Filed: January 29, 2025, 6:59 PM ET

James B. Draughn (Executive Vice President) announced his retirement effective January 31, 2025.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

James B. Draughn departed as Executive Vice President at COMMUNITY TRUST BANCORP INC /KY/.

Action: retirement
Role: Executive Vice President

Exact text from the filing

James B. Draughn (Executive Vice President) announced his retirement effective January 31, 2025.

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Source: SEC EDGAR

accession 0000350852-25-000034

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