---
schema_version: "secwatch.filing_event.v1"
accession: "0001829576-23-000012"
form_type: "8-K"
ticker: "CARE"
cik: "0001829576"
company_name: "Carter Bankshares, Inc."
filed_at: "2023-03-13T23:59:59+00:00"
generated_at: "2026-06-18T04:48:29.463509+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001829576-23-000012
- form_type: 8-K
- ticker: CARE
- cik: 0001829576
- company_name: Carter Bankshares, Inc.
- filed_at: 2023-03-13T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1829576/000182957623000012/0001829576-23-000012-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1829576/000182957623000012/care-20230310.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001829576-23-000012
- JSON: https://secwatch.observer/filing/0001829576-23-000012.json
- Plain text: https://secwatch.observer/filing/0001829576-23-000012.txt

## Key facts
- Executive change
  Lanny A. Kyle departed as Director at Carter Bankshares, Inc..
  - Action: retire
  - Role: Director
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1829576/000182957623000012/0001829576-23-000012-index.htm
- Executive change
  Robert W. Conner departed as Director at Carter Bankshares, Inc..
  - Action: retire
  - Role: Director
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1829576/000182957623000012/0001829576-23-000012-index.htm

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