• Carter Bankshares entered amended and restated employment agreements on June 18, 2026 for CEO Litz H. Van Dyke, President and Chief Strategy Officer Bradford N. Langs, CFO Wendy S. Bell, COO Matthew M. Speare.
• Signed an amended and restated change-of-control severance agreement for Chief Credit Officer Tony E. Kallsen, replacing the prior arrangement.
• Contracts reset terms to reflect current roles and base salaries, setting current pay as a floor.
• Termination terms add one month of severance when full severance is not triggered, excluding death, termination for cause, or voluntary exit without good reason.
• Agreements remove a tax gross-up tied to an automobile allowance, tighten “cause” definitions, revise noncompete terms, drop a change-of-control payout trigger.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Carter Bankshares Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001829576-26-000061), on June 24, 2026, and is solely responsible for the information contained therein.