Form 8-K

8-K — Carter Bankshares, Inc.

Accession: 0001829576-26-000080

Filed: 2026-08-11

Period: 2026-08-11

CIK: 0001829576

SIC: 6021 (NATIONAL COMMERCIAL BANKS)

Item: Other Events

Documents

8-K — care-20260811.htm (Primary)

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

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): August 11, 2026

CARTER BANKSHARES, INC.

(Exact name of registrant as specified in its charter)

Virginia 001-39731 85-3365661

(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 CFR 240.14d-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 class Trading Symbol(s) Name of each exchange on which

registered

Common Stock, $1.00 par value CARE NASDAQ 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 8.01. Other Events.

The Board of Directors of Carter Bankshares, Inc. (the “Company”) has established the Carter Bankshares, Inc. Dividend Reinvestment and Stock Purchase Plan (the “Plan”). The Company will offer up to 1,000,000 shares of common stock, par value $1.00 per share (the “Common Stock”), to existing shareholders of the Company for purchase under the Plan. The Plan provides enrolled participants with the opportunity to purchase additional shares of Common Stock through the reinvestment of dividends and through additional cash purchases. The Plan is administered by Computershare Trust Company, N.A., the Company’s transfer agent.

Shareholders may enroll in the Plan at any time, although dividend reinvestments will not begin until the first dividend, if any, declared and paid after August 24, 2026. The dividend declared by the Company on July 22, 2026 and payable on August 24, 2026 to shareholders of record on August 10, 2026, is not eligible for reinvestment under the Plan.

The Company has filed a registration statement on Form S-3D with the Securities and Exchange Commission in connection with the shares of Common Stock offered under the Plan, effective August 11, 2026. A copy of the Plan prospectus, which contains a full description of the Plan’s terms and conditions and enrollment procedures, is included in the registration statement.

A copy of the Company’s press release dated August 11, 2026 is attached as Exhibit 99.1 to this Form 8-K and is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.

99.1 Press release of Carter Bankshares, Inc., dated August 11, 2026

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: August 11, 2026 By: /s/ Litz H. Van Dyke

Name: Litz H. Van Dyke

Title: Chief Executive Officer

EX-99.1

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Document

Carter Bankshares, Inc. Establishes Dividend Reinvestment and Stock Purchase Plan

Martinsville, VA, August 11, 2026 -- Carter Bankshares, Inc. (the “Company”) (NASDAQ: CARE) today announced the establishment of its Dividend Reinvestment and Stock Purchase Plan (the “Plan”). The Company will offer up to 1,000,000 shares of common stock to existing shareholders of the Company for purchase under the Plan. The Plan provides enrolled participants with the opportunity to purchase additional shares of common stock through the reinvestment of dividends and through additional cash purchases.

The Plan will be administered by Computershare Trust Company, N.A., the Company’s transfer agent (“Computershare”). Shareholders may obtain a copy of the Plan prospectus and enrollment form by contacting Computershare toll-free at 800-736-3001 or visiting the Computershare website at www.computershare.com/investor.

About Carter Bankshares, Inc.

Headquartered in Martinsville, VA, Carter Bankshares, Inc. (NASDAQ: CARE) provides a full range of commercial banking, consumer banking, mortgage and other services through its subsidiary Carter Bank. The Company has $4.8 billion in assets and 63 branches in Virginia and North Carolina as of June 30, 2026. For more information or to open an account visit www.carterbank.com.

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