secwatch.observer — SEC 8-K summary
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Issuer:     Carter Bankshares, Inc. (CARE)
CIK:        0001829576
Form:       8-K/A
Filed at:   2023-03-14T23:59:59+00:00
Accession:  0001829576-23-000014
Event type: leadership
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1829576/000182957623000014/0001829576-23-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1829576/000182957623000014/care-20230310.htm
  HTML page:      https://secwatch.observer/filing/0001829576-23-000014

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer