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    Carter Bankshares Inc. filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders

    5/29/25 1:08:59 PM ET
    $CARE
    Major Banks
    Finance
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    care-20250528
    0001829576false00018295762025-05-282025-05-28


    UNITED STATES
    SECURITIES AND EXCHANGE COMMISSION
    Washington, D.C. 20429
    FORM 8-K
    CURRENT REPORT
    Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
    Date of Report (Date of earliest event reported): May 28, 2025
    CARTER BANKSHARES, INC.
    (Exact name of registrant as specified in its charter)
    Virginia001-3973185-3365661
    (State or other jurisdiction
    of incorporation)
    (Commission
    file number)
    (IRS Employer
    Identification No.)
    1300 Kings Mountain Road, Martinsville, Virginia 24112
    (Address of Principal Executive Offices) (Zip Code)
    (276) 656-1776
    (Registrant's telephone number, including area code)
    Not Applicable
    (Former name or former address, if changed since last report)
    Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
    ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
    ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
    ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR240.14d-2(b))
    ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
    Securities registered pursuant to Section 12(b) of the Act:
    Title of each classTrading Symbol(s)Name of each exchange on which
    registered
    Common Stock, $1.00 par valueCARENASDAQ Global Select Market
    Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
    Emerging growth company ☐
    If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐



    ITEM 5.07. - Submission of Matters to a Vote of Security Holders.

    On May 28, 2025, Carter Bankshares, Inc. (the “Company”) held its 2025 Annual Meeting of Shareholders (the “Annual Meeting”). A total of 19,189,660 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 2025 Annual Meeting.

    Proposal #1

    To elect the 11 Directors below to serve until the 2026 Annual Meeting of Shareholders or until their successors are elected:

    ForWithhold AuthorityBroker Non-Votes
    Michael R. Bird13,174,600549,9855,465,075
    Kevin S. Bloomfield13,040,275684,3105,465,075
    Robert M. Bolton13,239,569485,0165,465,075
    Gregory W. Feldmann12,616,6171,107,9685,465,075
    James W. Haskins12,675,8681,048,7175,465,075
    Phyllis Q. Karavatakis13,138,156586,4295,465,075
    Jacob A. Lutz, III12,927,624796,9615,465,075
    Catharine L. Midkiff13,233,479491,1065,465,075
    Curtis E. Stephens13,234,385490,2005,465,075
    Litz H. Van Dyke13,093,626630,9595,465,075
    Elizabeth L. Walsh13,227,869496,7165,465,075

    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.

    ForAgainst Abstain Non- Votes
    12,652,4561,006,69765,4325,465,075

    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, 2025.

    ForAgainst Abstain Non- Votes
    18,824,437346,62418,5990
    1


    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 29, 2025By:/s/ Wendy S. Bell
    Name:Wendy S. Bell
    Title:Chief Financial Officer

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