secwatch.observer — SEC 8-K summary
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Issuer:     Carter Bankshares, Inc. (CARE)
CIK:        0001829576
Form:       8-K
Filed at:   2025-05-20T23:59:59+00:00
Accession:  0001829576-25-000041
Event type: other_material
Sentiment:  positive
Materiality: 0.50
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Carter Bankshares authorizes $20M share repurchase program through May 2026
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- Board authorized up to $20 million in common stock repurchases through May 14, 2026.
- Repurchases may be executed via open market or privately negotiated transactions, including Rule 10b5-1 plans.
- Management will determine timing and amount based on market price, conditions, liquidity, and regulatory requirements.
- Program is discretionary; board may modify or terminate at any time, with no obligation to purchase any shares.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1829576/000182957625000041/0001829576-25-000041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1829576/000182957625000041/care-20250519.htm
  HTML page:      https://secwatch.observer/filing/0001829576-25-000041

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