Carter Bankshares Files 8-K on Shareholder Vote Matters
Ticker: CARE · Form: 8-K · Filed: May 23, 2024 · CIK: 1829576
| Field | Detail |
|---|---|
| Company | Carter Bankshares, Inc. (CARE) |
| Form Type | 8-K |
| Filed Date | May 23, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $1.00 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, shareholder-vote, sec-filing
TL;DR
Carter Bankshares is having a shareholder vote, filing an 8-K to let everyone know.
AI Summary
Carter Bankshares, Inc. filed an 8-K on May 23, 2024, reporting on a submission of matters to a vote of security holders. The filing date for the report is May 22, 2024. The company is incorporated in Virginia and its principal executive offices are located at 1300 Kings Mountain Road, Martinsville, Virginia.
Why It Matters
This filing indicates a formal process where shareholders of Carter Bankshares, Inc. will be voting on specific company matters, which could impact corporate governance and future strategic decisions.
Risk Assessment
Risk Level: low — The filing is a routine disclosure of a shareholder vote, not an indication of immediate financial distress or significant operational change.
Key Players & Entities
- Carter Bankshares, Inc. (company) — Registrant
- May 22, 2024 (date) — Date of earliest event reported
- May 23, 2024 (date) — Date of report
- Virginia (jurisdiction) — State of incorporation
- 1300 Kings Mountain Road, Martinsville, Virginia 24112 (address) — Principal Executive Offices
FAQ
What specific matters are being submitted for a vote of security holders?
The provided text does not specify the exact matters to be voted on, only that the filing pertains to the 'Submission of Matters to a Vote of Security Holders'.
When was the earliest event reported in this 8-K filing?
The earliest event reported is dated May 22, 2024.
What is the filing date of this 8-K report?
This 8-K report was filed on May 23, 2024.
Where are Carter Bankshares, Inc.'s principal executive offices located?
The principal executive offices are located at 1300 Kings Mountain Road, Martinsville, Virginia 24112.
Under which section of the Securities Exchange Act is this 8-K filed?
This 8-K is filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
Filing Stats: 608 words · 2 min read · ~2 pages · Grade level 9.6 · Accepted 2024-05-23 13:10:31
Key Financial Figures
- $1.00 — ange on which registered Common Stock, $1.00 par value CARE NASDAQ Global Select Mar
Filing Documents
- care-20240522.htm (8-K) — 37KB
- 0001829576-24-000039.txt ( ) — 165KB
- care-20240522.xsd (EX-101.SCH) — 2KB
- care-20240522_lab.xml (EX-101.LAB) — 23KB
- care-20240522_pre.xml (EX-101.PRE) — 13KB
- care-20240522_htm.xml (XML) — 3KB
07. - Submission of Matters to a Vote of Security Holders
ITEM 5.07. - Submission of Matters to a Vote of Security Holders. On May 22, 2024, Carter Bankshares, Inc. (the "Company") held its 2024 Annual Meeting of Shareholders (the "Annual Meeting"). A total of 19,011,338 of the Company's shares were voted in person or by proxy. Following are the final voting results on the matters considered and voted upon at the Annual Meeting, all of which are described in the Proxy Statement for the 2024 Annual Meeting. Proposal #1 To elect the 12 Directors below to serve until the 2025 Annual Meeting of Shareholders or until their successors are elected: For Withhold Authority Broker Non-Votes Michael R. Bird 12,248,023 788,585 5,974,730 Kevin S. Bloomfield 11,967,356 1,069,252 5,974,730 Robert M. Bolton 12,278,397 758,211 5,974,730 Gregory W. Feldmann 11,686,043 1,350,565 5,974,730 James W. Haskins 11,791,123 1,245,485 5,974,730 Phyllis Q. Karavatakis 12,081,130 955,478 5,974,730 Jacob A. Lutz, III 11,946,749 1,089,859 5,974,730 E. Warren Matthews 11,937,301 1,099,307 5,974,730 Catharine L. Midkiff 12,197,074 839,534 5,974,730 Curtis E. Stephens 12,270,462 766,146 5,974,730 Litz H. Van Dyke 12,070,225 966,383 5,974,730 Elizabeth L. Walsh 12,156,359 880,249 5,974,730 Proposal #2 To approve, in an advisory and non-binding vote, the compensation of the Company's named executive officers as disclosed in the proxy statement. For Against Abstain Non- Votes 11,055,873 1,789,635 191,100 5,974,730 Proposal #3 To ratify the appointment of the independent registered public accounting firm of Crowe LLP as the independent auditors of the Company for the fiscal year ending December 31, 2024. For Against Abstain Non- Votes 18,155,934 400,137 455,267 0 1
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. CARTER BANKSHARES, INC. (Registrant) Date: May 23, 2024 By: /s/ Wendy S. Bell Name: Wendy S. Bell Title: Chief Financial Officer