Two directors to retire from Carter Bankshares board; size to shrink from 14 to 12

Carter Bankshares, Inc.

Directors Robert W. Conner and Lanny A. Kyle will retire and not stand for re-election at May 24, 2023 annual meeting.
They will continue as directors until end of current term (annual meeting).
Board size expected to decrease from 14 to 12 after the meeting.
Retirements not related to any disagreement with management or board.

item 5.02

Executive movements

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Departed

Lanny A. Kyle

Director

CARE · Carter Bankshares, Inc.

Effective: 2023-05-24
Filed: March 14, 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 14, 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 and not stand for re-election
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 and not stand for re-election
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 0001829576-23-000014

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