Two Carter Bankshares directors to retire, board to shrink to 11

Carter Bankshares, Inc.

Directors Robert W. Conner and Lanny A. Kyle will not stand for re-election at the May 24, 2023 Annual Meeting.
Both will continue serving until the end of their current term at the Annual Meeting.
Departures involve no disagreement with management or board on any matter.
Board size expected to decrease from 13 to 11 after the Annual Meeting.

item 5.02

Executive movements

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Departed

Lanny A. Kyle

Director

CARE · Carter Bankshares, Inc.

Effective: 2023-05-24
Filed: March 13, 2023, 7:59 PM ET

On March 10, 2023, directors Robert W. Conner and Lanny A. Kyle, O.D. notified the Board of Directors of Carter Bankshares, Inc. (the “Company”) that they will retire and not stand for re-election to the Board of Directors of the Company (the “Board”) at its 2023 Annual Meeting of Shareholders to be held on May 24, 2023 (the “Annual Meeting”).

Departed

Robert W. Conner

Director

CARE · Carter Bankshares, Inc.

Effective: 2023-05-24
Filed: March 13, 2023, 7:59 PM ET

On March 10, 2023, directors Robert W. Conner and Lanny A. Kyle, O.D. notified the Board of Directors of Carter Bankshares, Inc. (the “Company”) that they will retire and not stand for re-election to the Board of Directors of the Company (the “Board”) at its 2023 Annual Meeting of Shareholders to be held on May 24, 2023 (the “Annual Meeting”).

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Lanny A. Kyle departed as Director at Carter Bankshares, Inc..

Action: retire
Role: Director

Exact text from the filing

On March 10, 2023, directors Robert W. Conner and Lanny A. Kyle, O.D. notified the Board of Directors of Carter Bankshares, Inc. (the “Company”) that they will retire and not stand for re-election to the Board of Directors of the Company (the “Board”) at its 2023 Annual Meeting of Shareholders to be held on May 24, 2023 (the “Annual Meeting”).

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Robert W. Conner departed as Director at Carter Bankshares, Inc..

Action: retire
Role: Director

Exact text from the filing

On March 10, 2023, directors Robert W. Conner and Lanny A. Kyle, O.D. notified the Board of Directors of Carter Bankshares, Inc. (the “Company”) that they will retire and not stand for re-election to the Board of Directors of the Company (the “Board”) at its 2023 Annual Meeting of Shareholders to be held on May 24, 2023 (the “Annual Meeting”).

View on SEC.gov

Carter Bankshares, Inc. filing history →

Source: SEC EDGAR

accession 0001829576-23-000012

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