Carter Bankshares, Inc. 8-K Summary
Business Context and Reporting Period
This Form 8-K reports the results of the 2026 Annual Meeting of Shareholders held on May 27, 2026. Carter Bankshares, Inc. (CARE) is a Virginia corporation listed on the NASDAQ Global Select Market.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance voting outcomes.
Material Changes and Voting Results
A total of 17,183,400 shares were voted in person or by proxy. All three proposals were approved by shareholders:
- Proposal #1 (Election of Directors): All 11 director nominees were elected. The highest number of "For" votes was 12,349,880 (Phyllis Q. Karavatakis), and the lowest was 11,765,710 (Gregory W. Feldmann). All nominees received 4,569,359 broker non-votes.
- Proposal #2 (Executive Compensation): The advisory vote on executive compensation passed with 11,748,459 "For" votes, 695,815 "Against" votes, and 169,767 abstentions.
- Proposal #3 (Auditor Ratification): The appointment of Crowe LLP as independent auditors was ratified with 17,089,948 "For" votes, 90,529 "Against" votes, and 2,923 abstentions.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items.
Investor Verification Checklist
- Verify the final composition of the Board of Directors following the election of the 11 nominees.
- Review the 2026 Proxy Statement for details on the executive compensation package approved in Proposal #2.
- Confirm the engagement terms with Crowe LLP for the fiscal year ending December 31, 2026.