secwatch.observer — SEC 8-K summary
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Issuer:     COMMUNITY TRUST BANCORP INC /KY/ (CTBI)
CIK:        0000350852
Form:       8-K
Filed at:   2025-01-29T23:59:59+00:00
Accession:  0000350852-25-000034
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/350852/000035085225000034/0000350852-25-000034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/350852/000035085225000034/execcomp_incplan2025.htm
  HTML page:      https://secwatch.observer/filing/0000350852-25-000034

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer