Carter Bankshares, Inc. (CARE): Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
Carter Bankshares, Inc. (CARE) filed an SEC Form 8-K — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers. EX-10.2 3 care-secondaremploymentagr.htm EX-10.2 Document Exhibit 10.2 316290455v4 SECOND AMENDED AND RESTATED EMPLOYMENT AGREEMENT THIS SECOND AMENDED AND RESTATED EMPLOYMENT AGREEMENT (this “Agreement”), originally dated as of May 31, 2017 and originally effective as of June 19
How this was made
The 30-second read
Why it matters
This provides incremental detail on executive compensation terms (base salary minimum, discretionary bonuses, potential equity eligibility, clawback, and benefits). It does not disclose new operating results, capital actions, or regulatory decisions.
Market read
A routine executive employment agreement amendment with disclosed compensation terms; likely limited trading impact absent additional strategic or financial disclosures.
What to watch
Traders may overreact to compensation optics; the key is whether the agreement includes any performance-based triggers or termination provisions that could affect future cost structure—details beyond the excerpt may be needed.
Background
The SEC filing is an Item 5.02 8-K describing changes related to directors/officers and compensatory arrangements, including a second amended and restated employment agreement effective June 18, 2026.
Ticker impact
CARE filed an 8-K disclosing a second amended and restated employment agreement for its President/Chief Strategy Officer, including base salary and term details.
Low likelihood of a sustained price move; any reaction is likely limited to sentiment around executive pay and retention.
The disclosure is a routine employment agreement amendment (salary floor, bonus discretion, benefits, clawback) without new financial guidance, asset sales, or regulatory outcomes.
Market effects
Minimal; bank executive employment agreement amendments generally do not alter sector risk or credit outlook.
None indicated.
None indicated.
Counterpoint
Even if the contract is routine, the specific role title (President/Chief Strategy Officer) and salary floor could signal retention/strategy emphasis that may matter to longer-horizon investors.
Key entities
- public_companyCarter Bankshares, Inc.
Subject of the SEC 8-K; disclosed an amended employment agreement for its executive officer.
- executiveBradford N. Langs
Named executive in the employment agreement; role includes President and Chief Strategy Officer of the Bank.
- subsidiaryCarter Bank & Trust
Bank entity that is party to the employment agreement and employs the executive.
