{"schema_version":"secwatch.filing_event.v1","accession":"0001829576-22-000018","form_type":"8-K","ticker":"CARE","cik":"0001829576","company_name":"Carter Bankshares, Inc.","filed_at":"2022-03-24T23:59:59+00:00","discovered_at":"2026-05-14T18:04:08.627291+00:00","generated_at":"2026-06-26T18:47:34.007536+00:00","sec_items":["5.02","7.01","9.01"],"event_type":"leadership","sentiment":"positive","materiality_score":0.25,"calibrated_materiality_score":0.25,"confidence":"high","headline":"Carter Bankshares names Jacob Lutz (former Troutman Pepper partner) and Curtis Stephens to board of directors","bullets":["Jacob A. Lutz, III appointed; retired Troutman Pepper partner, chaired Financial Services Practice 20 years; previously FDIC attorney.","Curtis E. Stephens appointed; experience in consumer services, transportation, real estate, manufacturing, technology, and sports.","Both appointments effective March 23, 2022; annual cash retainer $38,800 + $30,000 stock retainer; no restricted stock until Jan 2023.","Lutz's former firm Troutman Pepper received ~$1.35M in legal fees from Company in 2021 (related party transaction disclosed).","CEO Litz Van Dyke says appointments will guide continued growth of Carter Bankshares."],"urls":{"canonical":"https://secwatch.observer/filing/0001829576-22-000018","json":"https://secwatch.observer/filing/0001829576-22-000018.json","markdown":"https://secwatch.observer/filing/0001829576-22-000018.md","text":"https://secwatch.observer/filing/0001829576-22-000018.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1829576/000182957622000018/0001829576-22-000018-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1829576/000182957622000018/care-20220323.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-26T18:47:34.007536+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"4fca5a111e","claim":"Jacob A. Lutz, III was appointed as Director at Carter Bankshares, Inc..","evidence_excerpt":"On March 23, 2022, the Board of Directors (the “Board”) of Carter Bankshares, Inc. (the “Company”) unanimously appointed two new members to the Board, Jacob A. Lutz, III and Curtis E. Stephens, effective immediately on that date.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1829576/000182957622000018/0001829576-22-000018-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"ea26183801","claim":"Curtis E. Stephens was appointed as Director at Carter Bankshares, Inc..","evidence_excerpt":"On March 23, 2022, the Board of Directors (the “Board”) of Carter Bankshares, Inc. (the “Company”) unanimously appointed two new members to the Board, Jacob A. Lutz, III and Curtis E. Stephens, effective immediately on that date.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1829576/000182957622000018/0001829576-22-000018-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}