Carter Bankshares, Inc. 8-K

What Happened
Carter Bankshares, Inc. (CARE) filed an 8-K reporting the results of its 2026 Annual Meeting of Shareholders held May 27, 2026. A total of 17,183,400 shares were voted in person or by proxy. All 11 director nominees were elected to serve until the 2027 Annual Meeting. The company also held an advisory (non-binding) vote on executive compensation and ratified Crowe LLP as its independent auditors for fiscal 2026. The report was signed by CEO Litz H. Van Dyke on May 29, 2026.

Key Details

• Total shares voted: 17,183,400.
• Directors elected (11): Michael R. Bird; Kevin S. Bloomfield; Robert M. Bolton; Gregory W. Feldmann; James W. Haskins; Phyllis Q. Karavatakis; Jacob A. Lutz, III; Catharine L. Midkiff; Curtis E. Stephens; Litz H. Van Dyke; Elizabeth L. Walsh. Each director received about 12.16M–12.35M "For" votes and there were 4,569,359 broker non‑votes.
• Say-on-pay (advisory vote): 11,748,459 For; 695,815 Against; 169,767 Abstain (approximately 93% support of votes cast).
• Auditor ratification: Crowe LLP ratified as independent auditors — 17,089,948 For; 90,529 Against; 2,923 Abstain (over 99% support).

Why It Matters
These results confirm board continuity and strong shareholder support for company governance: all incumbent nominees were re-elected and the auditor appointment was overwhelmingly approved. The advisory approval of executive compensation was non‑binding but passed with strong support (~93%), indicating general shareholder acceptance of executive pay decisions disclosed in the proxy. Investors looking for potential governance changes or signals about management support can consider these outcomes when evaluating CARE’s leadership stability.