---
schema_version: "secwatch.filing_event.v1"
accession: "0001829576-23-000014"
form_type: "8-K/A"
ticker: "CARE"
cik: "0001829576"
company_name: "Carter Bankshares, Inc."
filed_at: "2023-03-14T23:59:59+00:00"
generated_at: "2026-06-18T03:52:32.570315+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001829576-23-000014
- form_type: 8-K/A
- ticker: CARE
- cik: 0001829576
- company_name: Carter Bankshares, Inc.
- filed_at: 2023-03-14T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1829576/000182957623000014/0001829576-23-000014-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1829576/000182957623000014/care-20230310.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001829576-23-000014
- JSON: https://secwatch.observer/filing/0001829576-23-000014.json
- Plain text: https://secwatch.observer/filing/0001829576-23-000014.txt

## Key facts
- Executive change
  Lanny A. Kyle departed as Director at Carter Bankshares, Inc..
  - Action: retire and not stand for re-election
  - 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/1829576/000182957623000014/0001829576-23-000014-index.htm
- Executive change
  Robert W. Conner departed as Director at Carter Bankshares, Inc..
  - Action: retire and not stand for re-election
  - 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/1829576/000182957623000014/0001829576-23-000014-index.htm

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