secwatch.observer — SEC 8-K summary
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Issuer:     CARVER BANCORP INC (CARV)
CIK:        0001016178
Form:       8-K
Filed at:   2023-10-03T23:59:59+00:00
Accession:  0000943374-23-000404
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1016178/000094337423000404/0000943374-23-000404-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1016178/000094337423000404/form8k_100223.htm
  HTML page:      https://secwatch.observer/filing/0000943374-23-000404

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