---
schema_version: "secwatch.filing_event.v1"
accession: "0001829576-26-000061"
form_type: "8-K"
ticker: "CARE"
cik: "0001829576"
company_name: "Carter Bankshares, Inc."
filed_at: "2026-06-24T20:06:20+00:00"
generated_at: "2026-06-24T20:08:16.786767+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Carter Bankshares amends employment agreements for CEO Van Dyke, CFO Bell, and other officers

## Summary
- CEO Litz H. Van Dyke, CFO Wendy S. Bell, President Bradford N. Langs, COO Matthew M. Speare, and CCO Tony E. Kallsen entered amended agreements.
- Agreements update base salary floors, expand clawback provisions, and remove gross-up on auto allowance.
- Definition of 'Cause' clarified to include breach of duty of loyalty and narrowed to require 'willful' action for certain failures.
- Severance provisions updated to comply with new Virginia law effective July 1, 2026, adding one month of severance.
- Confidentiality and noncompetition restrictive covenants updated to comply with law changes and best practices.

## SEC filing metadata
- accession: 0001829576-26-000061
- form_type: 8-K
- ticker: CARE
- cik: 0001829576
- company_name: Carter Bankshares, Inc.
- filed_at: 2026-06-24T20:06:20+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1829576/000182957626000061/0001829576-26-000061-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1829576/000182957626000061/care-20260618.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001829576-26-000061
- JSON: https://secwatch.observer/filing/0001829576-26-000061.json
- Plain text: https://secwatch.observer/filing/0001829576-26-000061.txt

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