---
schema_version: "secwatch.filing_event.v1"
accession: "0000350852-25-000034"
form_type: "8-K"
ticker: "CTBI"
cik: "0000350852"
company_name: "COMMUNITY TRUST BANCORP INC /KY/"
filed_at: "2025-01-29T23:59:59+00:00"
generated_at: "2026-05-27T07:30:30.380056+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000350852-25-000034
- form_type: 8-K
- ticker: CTBI
- cik: 0000350852
- company_name: COMMUNITY TRUST BANCORP INC /KY/
- filed_at: 2025-01-29T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 1.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/350852/000035085225000034/0000350852-25-000034-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/350852/000035085225000034/execcomp_incplan2025.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000350852-25-000034
- JSON: https://secwatch.observer/filing/0000350852-25-000034.json
- Plain text: https://secwatch.observer/filing/0000350852-25-000034.txt

## Key facts
- Executive change
  James B. Draughn departed as Executive Vice President at COMMUNITY TRUST BANCORP INC /KY/.
  - Action: retirement
  - Role: Executive Vice President
  source text: James B. Draughn (Executive Vice President) announced his retirement effective January 31, 2025.
  evidence_url: https://www.sec.gov/Archives/edgar/data/350852/000035085225000034/0000350852-25-000034-index.htm

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