---
schema_version: "secwatch.filing_event.v1"
accession: "0001829576-25-000020"
form_type: "8-K"
ticker: "CARE"
cik: "0001829576"
company_name: "Carter Bankshares, Inc."
filed_at: "2025-03-18T23:59:59+00:00"
generated_at: "2026-05-24T14:12:59.560011+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Carter Bankshares director Matthews to retire, board to shrink from 12 to 11

## Summary
- Director E. Warren Matthews notified board of retirement, will not stand for re-election at May 28, 2025 annual meeting.
- Matthews will serve until end of current term; departure is not due to any disagreement with management.
- Board plans to reduce size from 12 to 11 directors effective after the annual meeting.

## SEC filing metadata
- accession: 0001829576-25-000020
- form_type: 8-K
- ticker: CARE
- cik: 0001829576
- company_name: Carter Bankshares, Inc.
- filed_at: 2025-03-18T23:59:59+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/1829576/000182957625000020/0001829576-25-000020-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1829576/000182957625000020/care-20250318.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001829576-25-000020
- JSON: https://secwatch.observer/filing/0001829576-25-000020.json
- Plain text: https://secwatch.observer/filing/0001829576-25-000020.txt

## Key facts
- Executive change
  E. Warren Matthews retired as Director at Carter Bankshares, Inc..
  - Action: retired
  - Role: Director
  source text: On March 18, 2025, director E. Warren Matthews notified the Board of Directors of Carter Bankshares, Inc. (the “Company”) that he will retire and not stand for re-election to the Board of Directors of the Company (the “Board”) at its 2025 Annual Meeting of Shareholders to be held on May 28, 2025 (the “Annual Meeting”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1829576/000182957625000020/0001829576-25-000020-index.htm

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