{"url_path":"/sec/care/8-k/2026-08-11/item-8-01","section_key":"item-8-01","section_title":"Item 8.01 Other Events.","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-08-11","source_url":"https://www.sec.gov/Archives/edgar/data/1829576/0001829576-26-000080-index.html","accession_number":"0001829576-26-000080","cik":"0001829576","ticker":"CARE","issuer_name":"Carter Bankshares, Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1829576/0001829576-26-000080-index.html","primary_entity_key":"0001829576","primary_entity_name":"Carter Bankshares, Inc."},"word_count":241,"has_tables":true,"body_markdown":"ITEM 8.01. Other Events.\n\nThe 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.\n\nShareholders 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.\n\nThe 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.\n\nA copy of the Company’s press release dated August 11, 2026 is attached as [Exhibit 99.1](drippressrelease.htm) to this Form 8-K and is incorporated herein by reference.\n\n1"}