Carver Bancorp appoints Craig C. MacKay as Interim President and CEO, effective Oct 1, 2023

CARVER BANCORP INC

Annual base salary of $450,000; equity grant of up to 42,553 shares (valued at $100,000) fully vested at grant.
Term ends upon appointment of permanent CEO or April 1, 2024, with automatic monthly renewal thereafter.
Change-in-control severance: 3x base salary plus average annual bonus plus 36 months healthcare in lump sum.
MacKay will continue to serve as a director on the boards of Carver Bancorp and Carver Federal Savings Bank.

item 5.02 item 9.01

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Appointed (interim)

Craig C. MacKay

Interim President and Chief Executive Officer

CARV · CARVER BANCORP INC

Effective: 2023-10-01
Filed: October 3, 2023, 7:59 PM ET

As previously announced, Carver Bancorp, Inc. (the “Company”) and Carver Federal Savings Bank (the “Bank”) appointed Craig C. MacKay (the “Executive”) as the Company’s and Bank’s Interim President and Chief Executive Officer, effective October 1, 2023.

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Executive change SEC 8-K Item 5.02 confidence 0.95

Craig C. MacKay was appointed as Interim President and Chief Executive Officer at CARVER BANCORP INC.

Action: appointed
Role: Interim President and Chief Executive Officer

Exact text from the filing

As previously announced, Carver Bancorp, Inc. (the “Company”) and Carver Federal Savings Bank (the “Bank”) appointed Craig C. MacKay (the “Executive”) as the Company’s and Bank’s Interim President and Chief Executive Officer, effective October 1, 2023.

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Source: SEC EDGAR

accession 0000943374-23-000404

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