Routine employment agreement renewal — no trading signal. Monitor next quarterly earnings for any changes in executive compensation structure or strategic direction.
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Executive Summary
Carter Bankshares filed second amended and restated employment agreements for CEO Litz Van Dyke, CFO Wendy S. Bell, President/Chief Strategy Officer Bradford N. Langs, and COO Matthew M. Speare, effective June 18, 2026. The agreements update base salaries and standardize severance and change-of-control provisions. This is a routine administrative filing with no material financial impact or strategic signal.
Key Facts
- CEO Litz Van Dyke's minimum annual base salary set at $733,365.36
- CFO Wendy S. Bell's minimum annual base salary set at $447,133.44
- President/CSO Bradford N. Langs' minimum annual base salary set at $601,585.92
- COO Matthew M. Speare's minimum annual base salary set at $417,768.00
- All agreements effective June 18, 2026, superseding prior versions from 2017 and 2020
- Standard 12-month non-compete and non-solicitation covenants included for all executives
- CEO severance: 18 months base salary + 18 months health coverage (non-Change-of-Control); 2x base salary + 18 months health + 1x highest bonus (Change-of-Control)
- Other executives: 12 months base salary + 12 months health coverage (non-Change-of-Control); 2x base salary + 18 months health + 1x highest bonus (Change-of-Control)
Financial Impact
No material financial impact. Aggregate minimum annual base salaries for the four named executives total approximately $2.2 million, unchanged from prior arrangements in substance.
Risk Factors
- None from this filing — standard employment contract renewal
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001829576-26-000061 |
| Document: care-secondaremploymentagra.htm | 0001829576-26-000061 |
| Document: care-secondaremploymentagrb.htm | 0001829576-26-000061 |
| Document: care-secondaremploymentagrd.htm | 0001829576-26-000061 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 8, 2026 19d ago | SC 13G/A | $30.47 | awaiting T+60 | — | $30.32 (−0.49%) |
Aug 17, 2026 10w ago | 8-K | $31.53 | awaiting T+60 | — | $30.32 (−3.84%) |
Aug 7, 2026 11w ago | Institutional Cluster | $33.00 | awaiting T+60 | — | $30.32 (−8.12%) |
Jul 30, 2026 12w ago | Insider Cluster | $34.13 $30.57 | ▼ −10.43% | ▼ −12.90% | $30.32 (−11.16%) |
Jul 30, 2026 12w ago | Insider Cluster | $34.13 $30.57 | ▼ −10.43% | ▼ −12.90% | $30.32 (−11.16%) |
Jul 27, 2026 13w ago | 8-K | $34.07 $30.18 | ▼ −11.42% | ▼ −15.47% | $30.32 (−11.01%) |
Jul 23, 2026 13w ago | 8-K | $33.90 $30.31 | ▼ −10.59% | ▼ −15.14% | $30.32 (−10.56%) |
Jun 24, 2026 17w ago | 8-K | $32.68 $30.79 | ▼ −5.78% | ▼ −9.51% | $30.32 (−7.22%) |
May 29, 2026 21w ago | 8-K | $27.14 $31.40 | ▲ +15.70% | ▲ +14.46% | $30.32 (+11.72%) |
May 5, 2026 25w ago | Insider Cluster | $26.05 $34.13 | ▲ +31.01% | ▲ +28.27% | $30.32 (+16.39%) |
US Market Status
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